ME Foundation to Launch Solana-Based Ecosystem Token ME in Partnership with Magic Eden

ME Foundation’s Airdrop to Reward Magic Eden Users

Details of the ME Token Airdrop

The ME Foundation is set to introduce its new Solana-based ecosystem token, ME, in collaboration with the renowned NFT marketplace Magic Eden. This launch is scheduled for December 10, as confirmed by a spokesperson for the project.

Anticipated Airdrop Value and Eligibility

Traders are eagerly awaiting the upcoming airdrop, which is speculated to surpass $500 million in value based on pre-market trading rates. This incentive will be exclusive to users of Magic Eden’s Bitcoin exchange and cross-chain NFT platform, claimable solely through the Magic Eden Wallet app.

Transformation of Magic Eden Diamonds and Allocation Factors

While specific details about converting Magic Eden Diamonds to the ME token remain undisclosed, allocations are expected to be determined by various factors such as trading activity, cross-chain transactions, and historical engagement with eligible platforms.

Claim Process and Token Distribution

Users will be able to verify their eligibility for the airdrop prior to the claim date using a tool provided by the ME Foundation. On December 10, eligible Magic Eden users can claim 12.5% of the total 1 billion ME supply, with an additional 22.5% reserved for future protocol utilization.

Market Performance and Platform Growth

The ME token has experienced a surge in pre-market trading, reaching up to $4.50 on Whales Market. However, the price on Coinbase’s platform is slightly lower at $3.41. Magic Eden has evolved from a Solana NFT marketplace to a prominent Bitcoin Runes and NFT exchange, dominating the market share among all NFT platforms in recent months.