- ME is the official token adopted by Magic Eden, the top multi-chain, multi-asset on-chain trading platform, with the aim of making digital ownership universal.
- Users can earn ME tokens by trading all assets (tokens, NFTs) on all chains through Magic Eden’s rewards program, and ME holders can receive further rewards from staking and have governance rights.
- The ME token has a total supply of 1 billion tokens, with over half allocated to the community, and will be distributed over 4 years according to the tokenomics outlined in the post.
Magic Eden is adopting $ME as its official token. This blog post delves into the key details about $ME’s tokenomics.
$ME is Being Adopted by Magic Eden
Magic Eden aims to make digital asset ownership universal via a user-friendly trading platform. They are the top NFT platform and Bitcoin DEX.
Magic Eden will integrate $ME rewards for users who trade tokens and NFTs across all chains. This will help grow the number of onchain users.
Earn $ME for Trading All Assets on All Chains
Magic Eden will unveil a broad rewards program for users to earn $ME. Users can stake, trade, and earn $ME for trading NFTs and tokens on all chains.
$ME holders will shape the future of the $ME ecosystem and protocols.
$ME Tokenomics Overview
- Total supply: 1 billion $ME
- Over 50% of tokens go to the community
- Tokens distributed over 4 years
Initial $ME Claim at TGE – 12.5%
This will reward early adopters across chains. It will be fully unlocked at TGE and distributed via Magic Eden’s mobile dApp.
Community & Ecosystem – 37.7%
- 22.5% for rewards distributed via Magic Eden
- 15.2% for ecosystem development and grants
- 0.5% for ME Foundation Treasury
Contributors – 26.2%
Includes advisors and Magic Eden employees. Core contributors representing 60% of this bucket will lock tokens for 18 months.
Strategic Participants – 23.6%
Will lock up tokens for minimum 12 months post-TGE.
$ME Token Emissions Schedule
$ME will be distributed over 4 years until fully circulating. Most goes to the community.
A Security Council will safeguard the community via a multi-sig wallet.
ME Foundation to Serve as Stewards of $ME
The non-profit ME Foundation will ensure the $ME community can drive onchain user growth.
What to Expect Before $ME TGE
- Eligibility checker to see if wallets are eligible
- Claim period starts at TGE for eligible users to claim and stake
- $ME TGE marks the start of a community initiative
