How to Claim Your Share in $347M Reward Fest?
The post How to Claim Your Share in $347M Reward Fest? appeared on BitcoinEthereumNews.com.
Magic Eden has unveiled key details about its highly anticipated ME token airdrop. This airdrop is set to reward users of its cross-chain NFT platform and Bitcoin exchange. Scheduled for release in the coming weeks, the airdrop will distribute 12.5% of the total ME token supply. Eligibility Criteria for Upcoming Magic Eden Airdrop The ME tokens will have an initial supply of 1 billion. Hence, the Magic Eden airdrop promises 125 million tokens to be rewarded directly to the community. Based on current pre-market trading data from Whales Pro, the token is valued at $2.78 each, making the total allocation worth approximately $347.50 million. This figure represents a significant increase of 11% in the token’s pre-market price over the past 24 hours, supported by trading volumes of roughly $143 million during the same period. According to CoinGecko’s records, the size of this airdrop would place it among the top 20 largest airdrops in crypto history. As stated in an announcement, Magic Eden token traders will be rewarded “ME for trading all assets on all chains, to be debuted via Magic Eden’s rewards program.” In addition, “ME holders have the ability to receive further rewards from staking, contribute to the ME ecosystem, and have governance rights over key protocol development direction.” The 12.5% community allocation matches the approach taken by Tensor, another Solana-based NFT marketplace. Moreover, it surpasses the 10% unlocked by Jupiter, a decentralized exchange aggregator on Solana, during its own airdrop launch. Additionally, 225 million ME tokens have been reserved for future rewards targeting Magic Eden’s active user base. CEO and co-founder Jack Lu hinted at this ongoing rewards program. He stated, “You’ll be able to earn $ME through your daily use of Magic Eden products.” Concerns Around Existing Reward System Although excitement surrounds the token launch, users have…
Filed under: News - @ November 19, 2024 10:28 pm