ME Foundation linked to popular NFT marketplace Magic Eden Solana announced the launch of ME based ecosystem token.
The highly anticipated airdrop, scheduled for December 10, could be worth over $500 million based on pre-market trading prices.
The ME token will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT market, and claims will only be accessible through the Magic Eden Wallet app.
Details on how Magic Eden Diamonds, the platform’s existing loyalty rewards system, will be converted into ME tokens remain unclear. However, a spokesperson stated that airdrop distributions will take into account factors such as “organic” trading activity, cross-chain trading and user loyalty. Eligible users will be able to verify their airdrop status using a tool that will be released in the days before the token request date.
During the airdrop, 12.5% of the total ME supply (equivalent to 125 million tokens) will be unlocked and made available for eligible users to claim. Additionally, 22.5% of the 1 billion token supply will be allocated to encourage continued use of the ME ecosystem and related platforms.
The ME token is traded on pre-market platforms such as Whales Market, where it recently reached $4.50 per token, giving the airdrop a potential value of $562 million. The token price is slightly lower at $3.41 on Coinbase’s pre-market trading platform. Trading volumes slowed after the detailed airdrop mechanics were announced, but anticipation remains high.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/cok-beklenen-airdropun-dagitilacagi-tarih-belli-oldu-iste-tum-bilinmesi-gerekenler/
