The popular NFT marketplace is set to launch its much-anticipated ME token on December 10.
This airdrop is expected to reward loyal users of its Bitcoin exchange and cross-chain NFT marketplace.
Free money is always welcome
The ME Airdrop is causing quite a stir in the NFT community, with discussions heating up about its potential impact. With the pre-market price estimates, this airdrop could be worth $562 million in total!
Before the token drops, the ME Foundation plans to roll out a tool that lets users check their eligibility for the airdrop.
Key factors that will determine if you qualify include your trading activity, cross-chain transactions, loyalty to the platform, and how much you’ve used it in the past.
Token unlocking and distribution details
On launch day, around 125 million ME tokens, about 12.5% of the total supply, will be unlocked for eligible users.
Plus, over 225 million tokens will be distributed to encourage future platform use.
In pre-market trading, ME has reached $4.50 on Whales Market, while Coinbase shows it at $3.41. Not too shabby for a new, not-yet-issued token!
Magic Eden’s market position
Magic Eden isn’t just another Solana NFT marketplace anymore, it’s taken the lead among NFT platforms in the past months. It’s also become a key player in Bitcoin Runes and NFT exchanges.
With the ME token launch on the horizon, it marks a huge milestone for Magic Eden as they reward their loyal users and expand their ecosystem.
As Magic Eden rolls out this massive airdrop and introduces its native ME token, experts say that it’s not just about giving away free tokens, but also building a stronger community and enhancing user engagement on their platform.
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