After waiting for so long, MagicEden finally released the economics of the token $ME

There was an opportunity to receive test coins before

This time, real coins will be released. Those who have brushed diamonds will get rich

The economics are as follows:

MagicEden releases the economics of the $ME token, and the community allocates more than 50%

MagicEden announced the economic design of its token $ME, which aims to incentivize multi-chain users and promote community governance. The total amount of $ME is 1 billion, which will be distributed in the next 4 years, and more than half will be allocated to the community. TGE (First Token Generation) will be launched in a few weeks. Users can check the eligibility for collection through the platform, and uncollected tokens will be returned to the community reward pool.

🔹Token distribution details:

Total supply: 1 billion, planned to be distributed within 4 years.

Initial distribution (TGE): 12.5% ​​of the total, which will be released at one time during TGE to reward multi-chain trading users.

Unclaimed tokens will be returned to the community reward pool to further stimulate ecological activity.

Community and ecology: 37.7%,

Including:

Active user rewards: 22.5%.

Ecological development fund: 15.2% (of which the foundation accounts for 5%).

Contributors:

Accounting for 26.2%, supporting the team and early supporters, of which the core part is locked for 18 months

Strategic participants:

Accounting for 23.6%, which will be gradually released after 12 months of lock-up.

It is worth noting that $ME will reward users through staking and trading, while giving the community governance rights. The current TGE diamond exchange ratio has not yet been announced, and will be disclosed later with the launch of the qualification query function.