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Share link:In this post: Magic Eden finally announced a December 10 TGE date for its ME token. All previous activity on Magic Eden, as well as Diamond ownership may make users eligible for the airdrop. NFTs activity picked up in the past two months, sparking optimism of marketplaces returning to their previous influence.
Magic Eden, one of the top NFT sites, is ending the final stretch until its token generation and airdrop. The NFTs platform will launch its native asset on December 10.
Magic Eden ran a long campaign with multiple demands, setting up expectations for a valuable airdrop. The platform announced its token generation event will arrive on December 10.
The TGE and listing will happen in the same day, after Magic Eden already revealed its tokenomics. ME tokens will have a supply capped at 1B, suggesting a high per-unit nominal price. The upcoming ME token may also feature cross-chain capabilities, to tap the most active networks for NFT auctions. Additionally, Magic Eden will encourage holding ME and becoming a part of the ME DAO. This approach will ensure the new recipients do not sell off all tokens, instead being able to choose participation in the platform’s future decisions.
The airdrop will distribute 12.5% of the tokens to users with a long track record of using the NFTs and DEX platform. The remaining tokens will also go to the community, as subsequent rewards for trading on Magic Eden. The supply of ME will start at 250M, doubling within a year, and reaching 750M within 18 months. After that, ME will flow into the ecosystem via regular rewards and redistribution. The ME token will be initially operated and distributed by the ME Foundation, a specially created entity with a constitution and a goal of community-building.
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