Magic Eden Wallet to simulate ME airdrop in October

After asserting the launch of the Magic Eden token ME in August, the Magic Eden Basis has offered the newest replace on when the airdrop will happen.

The Magic Eden Basis has not launched a launch date for the ME token. Nonetheless, in his update on September 30, it was famous {that a} claims simulation will happen in October.

The token declare will probably be out there by way of the Magic Eden Pockets.

ME token simulation in October

Expectations for ME, as with different main latest platform token airdrops, are big. To arrange the group, Magic Eden plans to simulate the token declare by means of its personal pockets. In response to the put up on X, the mission will launch a check token within the pockets to exhibit the method of claiming ME tokens.

The cellular model of Magic Eden Pockets permits customers to attach all their wallets, together with desktop, cellular and {hardware}, and examine their whole ME declare from one interface.

Observe ME tokenomics

The token set for the simulation will solely be a “easy check token”. Magic Eden has warned customers to not get too enthusiastic about it because the token will not have any use or worth.

Nonetheless, as soon as the testing train is accomplished, the ME Basis will unveil the tokenomics of the mission. It additionally plans to unveil the token era occasion for ME after the simulation occasion. This TGE might catalyze additional development for Magic Eden.

In August, Magic Eden introduced that the brand new ME token will probably be central to the decentralized autonomous group of the non-fungible token market. Along with taking part in DAO governance, holders will even produce other advantages, akin to entry to cross-chain commerce within the web3 ecosystem.

Information for August 2024 confirmed that Magic Eden strengthened its maintain on the NFT market as its market share reached 37%.

By comparability, Blur’s market measurement fell to about 25%. In the meantime, OpenSea, which just lately acquired an SEC Wells Discover, noticed its general dominance shrink to twenty%.