2024-11-25
$ME on X: "Mark your calendars. $ME TGE will be on December 10!
Magic Eden's ME Foundation is set to launch its native utility token, $ME, on December 10, 2024. This
token will serve as the platform's primary medium for rewarding users,
facilitating staking, and enabling governance participation.
Key Details:
Token Supply and Distribution:
Total Supply: 1 billion $ME tokens.
Community Allocation: 50.2% (502
million tokens) over four years.
Initial Airdrop: 12.5% (125 million
tokens) to be distributed at launch.
Remaining 37.7% allocated for future
rewards and ecosystem development.
Contributors: 26.2% (262 million
tokens).
Strategic Participants: 23.6% (236
million tokens).
Airdrop Eligibility:
Users who have actively engaged with
Magic Eden's platform, including trading NFTs or participating in its
ecosystem, may be eligible for the initial airdrop.
An eligibility checker will be
available prior to the token generation event (TGE) to confirm qualification.
Token Utility:
$ME will be used to reward platform
users and stakers.
Holders will have governance rights,
allowing them to participate in decision-making processes related to the
platform's development.
The $ME token aims to enhance user engagement and foster a more decentralized governance structure within the Magic Eden ecosystem.
Users are encouraged to stay updated through Magic Eden's
official channels for detailed instructions on claiming tokens and
participating in the platform's governance.
