- Magic Eden lists $ME tokens in its ongoing presale.
- Magic Eden NFT platform allows users to buy Solana NFT with ME tokens.
The much-awaited Magic Eden’s $ME token generation event (TGE) pre-sale is live today. Magic Eden is the most popular NFT marketplace on Solana, with a total trading volume of $2.89 billion for 23.07 million sales. As the NFT market showed signs of revival, the timing of the Magic Eden $ME token launch couldn’t be better.
As the total crypto market recorded a new ATH in market cap and Bitcoin recently crossed the $100K mark, the NFT market started recovering. Adding to that, the total NFT market witnessed weekly sales worth $187 million in the first week of December. Furthermore, Pudgy Penguins made a record surpassing BAYC in terms of market cap.
Magic Eden Lists $ME, Token Presale is Live Today
In accordance with several previous announcements from Magic Eden, the $ME token presale went live today. Its presale countdown is set for 2 days and the stage 1 presale includes a 20% bonus for eligible users. In order to get the ME tokens, users must check their eligibility on the platform and scan the Magic Eden QR code to link their crypto wallets.
Want some more $ME? Don't we all.
Starting tomorrow, list your Solana NFTs for sale in $ME and earn tokens from those sales. pic.twitter.com/SPYlj3lnYH
— Magic Eden(@MagicEden) December 9, 2024
Apart from the $ME token launch, the Magic Eden platform also allows users to buy Solana NFTs with $ME tokens. Thus, creators and developers can list their Solana NFTs for sale in $ME and earn tokens in return. As the NFT market is about to return to its former glory, a native token launch at this stage would be beneficial for the Magic Eden NFT marketplace in unprecedented ways.
The CEO and Co-founder of Magic Eden Jack Lu clarified on his X account stating they are building for the long-term. And, they are not interested in short-term price movement of $ME tokens. On that note, all the co-founders of Magic Eden are going to lock their $ME tokens for 18 months.
Magic Eden recently announced its partnership with MoonPay to simplify crypto payments for its users. As we are on the brink of a larger crypto bull run, Magic Eden is slowly preparing for that, building on the sidelines.
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