Magic Eden Unveils $ME Tokenomics

Magic Eden, one of the leading platforms for digital asset trading, has released the tokenomics of its new $ME token. The project aims to boost on-chain trading, build a community, and promote the Magic Eden ecosystem through integration with the Solana, Ethereum, and Bitcoin blockchains, according to the announcement.

The Purpose of $ME

The announcement states that $ME will serve as a tool to incentivize user activity. Token holders will be able to participate in a rewards program, staking, and decision-making processes for protocol development via DAO. Users will earn $ME by trading digital assets across any blockchain, including Bitcoin, Solana, and EVM-compatible networks.

Key Token Metrics

• Total supply: 1 billion $ME.
• Community and ecosystem allocation: Over half of the tokens (37,7%).
• Initial claimable amount: 12,5% of tokens will be available immediately after TGE.
• Unused funds: Will return to the staking pool.
• Team and advisors allocation: 26,2%, with a lock-up period of 12–18 months.
• Strategic partners allocation: 23,6%, aimed at supporting the ecosystem, with gradual token release.

Tokens will be distributed through a multi-stage plan to ensure fair user engagement and long-term community support. Additionally, the rewards program is expected to provide extra opportunities to earn tokens through NFT trading.

Security

After the TGE, users will be able to check eligibility and link their wallets via a special verification tool. The ME Foundation team warns users about potential scams and emphasizes that they will not request personal information or funds.

It’s also noteworthy that the ME Foundation acts as a non-profit organization managing the $ME ecosystem to accelerate the growth of the on-chain economy. Additional DAO governance documents will be published after the TGE.

For more details read the official document.