The upgraded version of Magic Eden is aimed at resembling Binance on-chain, and its native token’s, i.e., the ME incentive plan, will soon be launched.
New Version of Magic Eden to Look Like Binance on-chain
Jack Lu, CEO of NFT trading platform Magic Eden, stated that the next version of Magic Eden will look like Binance on the chain, allowing users to trade all assets across all chains. Lu added that community-first features will be introduced to reward loyal users, including integration of $ME tokens into the rewards program and users will earn ME token income through daily use of Magic Eden products.
Growth over Division. The adoption of $ME is to help us grow the community, grow the platform and grow the pie for everyone.
The next version of Magic Eden is going to look like an on-chain Binance. Allowing you to trade all assets on all chains.
I want to work with the ME…
— Jack Lu (@0xLeoInRio) December 10, 2024
Jack Lu also mentioned that Magic Eden will build a new ecological incentive system around ME tokens, which will include:
- Users earning ME token rewards through daily transactions and platform usage.
- An innovative ecological contribution reward mechanism where users can earn ME tokens without directly using platform products.
- A loyal user-exclusive reward program that incorporates ME tokens into the upgraded version of the existing incentive system.
Lu further wrote on his X account, “I want to work with the ME community to onboard and bring users on-chain while rewarding the community for doing so.”
Yesterday, South Korea’s crypto exchange Upbit officially listed ME for KRW, USDT, and BTC. The selling prices for $ME were set at 8,109.86 KRW for KRW market, 0.00005891 BTC for BTC market and 5.69 USDT for USDT market.
Magic Eden ($ME) Market Price
Currently, Magic Eden ($ME) is trading at $5.67 after registering a decline of 49.85% in the past day. Its 24-hour market volume is now $4.68B. Moreover, ME has a market cap of $742.91M.
Also Read: Sui Ecosystem’s Bluefin (BLUE) Starts Trading Today on its DEX
