The Unveiling of $ME Tokenomics by the ME Foundation
Introduction to $ME Token
- Official token of Magic Eden
- Designed to facilitate trading of assets on various chains
- Part of Magic Eden’s rewards program
- Offers governance rights and staking rewards
Key Features of $ME Token
- Mobile-friendly dApp for easy trading
- Multi-chain ecosystem for broader appeal
- Trading rewards program in the pipeline
Insight into $ME Tokenomics
- Total supply of 1 billion tokens
- Allocation to Initial $ME Claim and Community & Ecosystem
- Contributors and Strategic Participants categories
Initial $ME Claim
- Airdrop of $ME tokens for eligible users
- Claimable via mobile dApp on TGE
- 125 million tokens fully claimable initially
Community & Ecosystem
- Rewarding active users and ecosystem contributors
- Grants for long-term agreements and ecosystem development
- Partially unlocked on TGE with gradual release over 4 years
Team & Investors
- Allocation for Contributors and Strategic Participants
- Core contributors’ tokens locked for at least 18 months
- Strategic Participants tokens unlock gradually after 12-month lockup
