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The post Magic Eden Announces $562 Million ME Token AirdropāAre You Eligible? appeared first on Coinpedia Fintech News
Magic Eden, a leading community-centric NFT marketplace, is set to launch its much-anticipated Solana-baseed ME token on December 10. The airdrop will reward loyal users of the platformās Bitcoin exchange and cross-chain NFT marketplace. Here is what you should know.Ā Ā Ā
The ME Airdrop is currently a sensational topic, and has triggered widespread discussions in the NFT community. Considering the pre-market price scenario, the ME token airdrop could be worth at least $562 million.Ā
Reports state that the ME Foundation will release a tool for users to check whether they are eligible for the airdrop or not ahead of the token release.Ā
Notably, organic trading activity, cross-chain trading, user loyalty and historical platform usage are the prime factors that determine oneās eligibility for the ME airdrop.Ā Ā
Reports suggest that on the launch day, at least 125 million ME tokens, which is around 12.5% of the total supply of ME, will be unlocked for eligible users. Additionally, over 225 million tokens, which is more than 22.5% of MEās total supply, will be released to incentivise future use of the platform.Ā
The price of ME has touched $4.50 in pre-market trading through Whales Market. Meanwhile, on the pre-market trading platform of Coinbase, the ME price is slightly lower, standing at $3.41.Ā
Magic Eden is no longer just a Solana NFT marketplace. It holds the top market share among NFT marketplaces over the past six months. Furthermore, it has emerged as a leading Bitcoin Runes and NFT exchange.
In conclusion, the ME token launch marks a major milestone for Magic Eden, rewarding its loyal users and expanding its ecosystem.Ā Ā Ā
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