Title: Detailed Explanation of Magic Eden (ME) Airdrop Rules, Application Steps, and Future Plans

Original Author: CryptoLeo, Odaily Planet Daily

On December 5th, at 3 am Beijing time, Magic Eden Foundation will launch its ME Token Airdrop Inquiry page. Magic Eden has previously released the ME Token Economics, with a total supply of 1 billion tokens, of which 12.5% (125 million tokens) will be immediately unlocked and distributed to eligible Magic Eden users.

The remaining 22.5% will be airdropped as incentives for future users of ME Foundation-related protocols and platforms. ME tokens are designed to reward users with SOL, BTC, and EVM wallets that provide economic power on the chain. The ME airdrop is based on three main aspects: real users (Organic users), cross-chain activities, and loyalty shares.

Real users, or natural users, are the key part of ME allocation. The closer a wallet address’s behavior transactions are to real users, the higher the likelihood of receiving rewards. Non-natural transaction addresses are often screened out, indicating that Magic Eden has removed some witch users. The ME airdrop query page allows users to connect multiple wallets, and the displayed ME is available for multiple eligible wallets.

The total received is calculated by superimposing four sections: one main section, Rewards Tiers, and three secondary sections: Launchpad Bonus, Wallet Bonus, and Active OG Bonus. Rewards Tier is the main criterion for judging the ME airdrop share and is related to the number of ME diamonds. The number of diamonds is connected to the transaction activity of the wallet connected to the user, but if the user has multiple matching wallets, you can connect all wallets to the airdrop query interface, and the Rewards Tier will display the highest wallet level among all wallets.

The displayed Rewards Tier has nothing to do with the number of connected wallets. The data in the secondary section shows the best data from all connected wallets. For example, if a user has 3 wallets, one wallet has a lot of Launchpad activity, another has a lot of Wallet activity, and one wallet has been trading for a long time, then the distribution overall will show the best statistics for each wallet.

The evaluation criteria for Launchpad Bonus are mainly divided into High, Medium, Low, and – (representing zero). This section includes NFT casting on MagicEden Launchpad and cross-chain casting. However, Launchpad usage is considered a secondary criterion for the amount of airdrop rewards. If a wallet does not have a diamond balance, you cannot obtain the ME airdrop share by simply performing Launchpad activities.

Wallet Bonus also has four evaluation criteria: High, Medium, Low, and – (representing zero), which represents wallet activity, including but not limited to NFT cross-chain transactions, cross-chain token swaps in Magic Eden Wallet, rune transactions, Lucky Buy. (Odaily Note: Lucky Buy is a new feature launched by Magic Eden in September, allowing buyers to purchase NFTs below the market price.

This feature uses a percentage-based system, which determines the percentage of the NFT price that the user wants to use and the user’s probability of winning. Buyers can participate in the bidding when purchasing NFT. If the bidding is successful, Magic Eden will make up the difference, and the seller will still receive the full price of the NFT.

Even if the NFT is not purchased successfully in the end. Buyers can also receive “diamond” incentives, which is also a way to earn Magic Eden diamonds.)

Wallet activity is also a secondary criterion for the amount of airdrop rewards. If the wallet does not have a transaction balance, ME airdrop shares cannot be obtained based only on wallet usage.

Active AND Bonus represents user loyalty, and the judging criteria are: Yes and No. Active OG Bonus represents addresses that were the first to use the protocol in its early days and continue to be frequent today. This means that if a user is an early user but has not used their address for a long time, it will not be judged as Active OG Bonus.

OG early judging criteria can be referenced in MagicTicket. MagicEden published a tweet in February 2022 stating that MagicEden will conduct MagicTicket airdrops (a total of 30,602 pieces) based on its birth time (September 17, 2021) to give back to the Solana NFT ecosystem, specifically: Users who make their first transaction within one month of its birth will receive OG Tickets (6,348 pieces); Users who make their first transaction from mid-October to mid-December 2022 will receive Degen Tickets (7,162 pieces); Users who make their first transaction after December 2022 will receive Normie Tickets (17,092 pieces).

MagicTicket winners have three types of benefits, including community governance, rewards, and social networking. For example, you can create proposals, vote, and get more points (diamonds), whitelists, and airdrops. Airdrop query tutorial

The airdrop query is divided into three steps:

1. Download the ME Wallet app on your phone and use the mnemonic phrase to import the Magic Eden wallet.

Previously, MagicEden launched the ME test currency application process, which can be used as a reference: “Magic Eden will soon open the testME airdrop application, and will familiarize you with the process in advance”;

2. Click the scan code function on the App to scan the QR code of ME Foundation, and sign in randomly on the mobile phone to log in;

3.

After logging in, users should connect as many wallets as possible that have done transactions on Magic Eden such as BTC, ETH, SOL, etc. The more qualified wallets added, the better. After the connection is completed, you can see your allocated quota on the query interface. Conclusion

ME filing is scheduled for December 10th.

Jack Lu, co-founder and CEO of Magic Eden, once issued an article listing some of the key points for ecology and community building after the launch of ME:

– Magic Eden will be everyone’s entry into the cryptocurrency space and trade all assets on the chain;
– Magic Eden is incorporating ME into its rewards program;
– Execute all chains, all assets, all community strategies to build a strong maxis community across cryptocurrency chains.

The current price of ME in pre-market trading on OKX fluctuates between 3.5 USDT and 4 USDT. Coinbase International Station also announced on November 20 that the ME perpetual contract will be launched on its Pre-Launch market to express support for Magic Eden. You may be able to look forward to it.

First-hand “Coinbase will include ME in the currency listing roadmap”. In addition to the recent resurgence of old altcoin coins and the continuous rise of new coins, the NFT sector tokens also saw good gains yesterday, with APENFT (NFT) rising by 38.94%, SuperVerse (SUPER) rising by 21.62%, and Apecoin (APE) rising by 18.85%.

Blur (BLUR) rose 6.84%. The market is turning and everyone seems to be not only focusing on Meme PvP, but other sectors are also gradually picking up. After ME goes online, we can’t really expect Magic Eden to bring back some blood to NFT, but we may believe that ME, which is committed to “all chains and all assets”, will see good gains in the future.

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