The multichain NFT market is starting the rollout of its long-awaited token.
The Magic Eden Basis has launched its official dApp token, $ME.
Magic Eden is a multi-chain NFT market and touts itself because the “#1 Bitcoin dApp, NFT and Runes platform in the world.” The protocol will undertake $ME as its official ecosystem token, which is able to act as an incentive mechanism as Magic Eden pushes into the world of cellular shopper dApps.
The platform gained reputation because the main Solana NFT market through the NFT growth in 2021 and 2022, and at the moment helps Bitcoin Ordinals, Runes, and NFTs on Solana, Ethereum, Polygon, and Base.
Per the muse’s press launch, “Magic Eden has surpassed $6B in total trading volume, is the top NFT platform, representing >60% of all NFT revenue, and the top Bitcoin platform with 80%+ of Ordinals and Runes trade volume. Runes is now the most popular Bitcoin fungible standard, comprising over 60% of all Bitcoin transactions.”
It’s presumed that Magic Eden’s diamonds program, akin to a factors program, will translate into customers’ airdrop distributions. The token declare will happen on Magic Eden’s native pockets, obtainable on iOS and Android working methods.
The tokenomics and airdrop date are but to be revealed.
