Magic Eden, a leading Solana NFT marketplace, has kicked off Season 2 of its $ME token rewards campaign, encouraging users to stake $ME tokens, trade NFTs, Runes, and Ordinals, and link wallets to climb the leaderboard for rewards.
$ME Token Rewards Campaign
Magic Eden has launched Season 2 of its $ME token rewards campaign, encouraging users to:
- Stake $ME: Stake tokens to boost reward potential.
- Trade NFTs, Runes, and Ordinals: Engage in trading to earn points.
- Link Wallets: Connect wallets to optimize rewards and climb the leaderboard.
Check out How Magic Eden Became the Top Solana NFT Marketplace
Key Updates in Season 2 of $ME Token Rewards Campaign
- New Leaderboard: Tracks user progress and rankings.
- 0.5% EVM Fees: Reduced transaction costs on Ethereum Virtual Machine-compatible chains.
- NFT Platform Upgrade: Improved interface, trading experience, and Swaps feature on web and mobile.
Additional Details
- Season 1: Ended March 31, distributing 10 million $ME tokens (~$8M).
- Season 2: Rewards, based on staking power and trading volume, are expected in mid-August 2025.
- Magic Eden leads Solana NFT trading, despite competition from OpenSea (multi-chain, no Solana NFTs) and Tensor (direct Solana rival).
- Slingshot Acquisition: Magic Eden acquired the Slingshot mobile trading app, expanding support for trading over 8 million tokens across blockchains, aiming to compete with centralized exchanges.
Magic Eden is reinforcing its NFT market position and expanding into token trading, leveraging Solana and cross-chain tech despite a declining NFT market. Season 2 aims to boost user engagement and maintain competitiveness.
Join this campaign, stake $ME token now!
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