After teasing the launch of the Magic Eden token ME in August, the Magic Eden Basis has supplied the newest replace on when the airdrop will occur.
The Magic Eden Basis has not launched a launch date for the ME token. Nevertheless, in its replace on Sept. 30, it famous {that a} declare simulation will happen in October.
The token declare will likely be out there through the Magic Eden Pockets.
ME token simulation in October
Anticipation for ME, as with different main current platform token airdrops, is huge. To organize the group, Magic Eden plans to simulate the token declare by means of its native pockets. In line with the put up on X, the mission will launch a take a look at token within the pockets to indicate the method of claiming ME tokens.
Magic Eden Pockets’s cell model will permit customers to attach all their wallets, together with desktop, cell, and {hardware}, and think about their complete ME declare from one interface.
ME tokenomics to observe
The token set for the simulation will likely be only a “easy take a look at token.” Magic Eden has warned customers to not get overly enthusiastic about it, because the token won’t have any utility or worth.
Nevertheless, as soon as the take a look at train is accomplished, the ME Basis will unveil the mission’s tokenomics. It additionally plans to disclose the token technology occasion for ME after the simulation occasion. This TGE may catalyze additional progress for Magic Eden.
In August, Magic Eden introduced that the brand new ME token will likely be central to the non-fungible token market’s decentralized autonomous group. Along with taking part in DAO governance, holders could have different advantages, comparable to entry to cross-chain buying and selling within the web3 ecosystem.
Information for August 2024 confirmed that Magic Eden strengthened its grip on the NFT market as its market share hit 37%.
As compared, Blur’s market measurement fell to about 25%. In the meantime, OpenSea, which just lately obtained a SEC Wells Discover, noticed its total dominance shrink to twenty%.