The NFT marketplace Magic Eden has launched the test token TestME, which is rapidly gaining popularity and has already reached a market capitalization of $6.2 million. Is airdrop soon?
What is TestME for and How to Obtain It?
TestME is a test token that helps Magic Eden verify the flow of operations related to the potential future token ME — the ecosystem and utility token of the platform. The high market capitalization of TestME may indicate significant user interest in the launch of ME. The platform was able to raise over $159 million for its launch in 2022 from investors such as Sequoia Capital, Paradigm, and others.
To become a holder of TestME, users need to follow a few simple steps:
- Download the ME app (App Store, Google Play).
- Check eligibility by scanning a QR code.
- Link their wallet.
- Claim the tokens.
It is quite possible that when the main token ME is released, developers will launch a swap mechanism allowing TestME holders to convert their tokens into ME at a predetermined rate. This could encourage user participation in testing and stimulate further investments in the ecosystem.
However, the exact terms and exchange ratio will depend on the decisions made by the Magic Eden team, so it is essential to keep an eye on their official announcements for up-to-date information.
At the time of writing, the price of TestME on the DEX Screener platform was $0.01238, with the token increasing by 96.18% over the last 24 hours. The token is available for trading on the decentralized exchange Meteora, where users can add liquidity and swap it for SOL, USDC, and USDT.
