The latest waving news in the cryptocurrency sphere is about Magic Eden Airdrop. Solana’s largest NFT marketplace is set to introduce its airdrop which allows users to earn a total number of 312M $ME tokens. The ME Foundation announced the tokenomics for their upcoming airdrop on Monday. The users of Magic Eden’s Bitcoin exchange and cross-chain NFT platforms will get the rewards via this airdrop. Detailed information regarding the airdrop is not available right now but the basic information is given below.
Magic Eden Airdrop: The Next Big Thing in the Crypto Sphere?
2024 will be a golden year for the users of Magic Eden. They are getting one of the largest community airdrops in 2024. The ME Foundation announced this news through their official blog post. The Magic Eden community is set to receive 12.5 percent of the total supply of ME coins via the airdrop. A total number of 125 million tokens are distributed through Magic Eden Airdrop, this means the tokens are valued at an estimated $312 million based on the current market price.
The latest airdrop from Magic Eden could be one of the best in the business, and according to multiple analyzers from the crypto sphere, an airdrop with this kind of magnitude would place ME inside the top 20 crypto airdrops of all time. This is a golden opportunity for those who are interested to join in the Magic Eden community.
The token generation event (TGE) is expected to be scheduled in the next weeks. More details about the token generation will only be available after the event. For the time being, there is no official information regarding the event is not available. The pre-market price of Magic Eden is not highly appreciable, but Magic Eden users will get one of the largest community airdrops in 2024.
According to multiple sources and Magic Eden’s blog post, an additional 225 million $ME is also allocated for future crypto airdrops, this will be exclusively available for the active users of Magic Eden. the CEO and Co-founder of of Magic Eden, Jack Lu has tweeted on X (formerly known as Twitter) that users will be able to earn $ME tokens through the daily use of Magic Eden products.
The traders in the community are thrilled about the introduction of the $ME token, but there are still concerns in the arena. Users are concerned about and uncertain about how Magic Eden will change the existing systems in the sphere. The main concern is how Magic Eden will convert the existing points-like rewards system, Diambonds into the $ME coin.
Breakdown of the 1 Billion Token supply of $ME token.
A total number of 502M ME tokens are distributed to the community. Among these, 498M will be distributed to the Team and Investors. 12.5% of it will be distributed via an initial $ME Claim and the rest 37.7 percent will be in the community.
From the remaining 498M $ME tokens, 26.2 percent will be distributed to the contributors. And 23.6 % will be distributed to strategic participants.
Magic Eden Airdrop eligibility criteria
The airdrop is still in its early stages. Detailed eligibility criteria have not been published by the company. But we can expect some changes from the traditional airdrop structure. As per the available sources, the token allocation for all the users of Magic Eden’s Bitcoin, Ethereum, and Solana-related products will only find out their allocations via token generation. All the details will be available from The token generation event.
However, some general criteria need to be met before entering into the airdrop process. To get exciting rewards from the airdrop, you need to actively participate in the community and work for the community enlargement process. Besides that, you need an active crypto wallet to initiate the airdrop process. All the rewards in the form of $ME tokens will be distributed into your crypto wallet.
