Airdrop Details
- Eligibility:
The airdrop will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. Factors like trading activity, cross-chain use, and loyalty will influence allocations. - Claim Process:
Users can verify their eligibility via a tool to be released by the ME Foundation before claim day. The tokens will be claimable exclusively through the Magic Eden Wallet app. - Token Distribution:
- 125 million ME tokens (12.5% of the total 1 billion supply) will be available for immediate claim.
- Another 22.5% (225 million tokens) will incentivize future protocol use.
Pre-Market Trading and Valuation
The ME token is trading at:
- $4.50 on Whales Market, suggesting a claim-day airdrop value of over $562 million.
- $3.41 on Coinbase’s pre-market platform, reflecting slightly lower expectations.
Magic Eden’s Growth
Starting as a Solana NFT marketplace, Magic Eden has expanded into Bitcoin Runes trading and cross-chain exchanges. It holds the highest market share among NFT marketplaces over the past six months, per Tiexo.
