Magic Eden NFT Marketplace Launches Season 2 Reward Program

Magic Eden has launched Season 2 of its reward program, providing users with new ways to earn rewards for trading non-fungible tokens (NFTs), swapping tokens, and staking on the platform.

Magic Eden Enhances User Rewards with Season 2 Launch

The Magic Eden NFT Marketplace has introduced Season 2 of the reward program, designed to encourage user activity with a clearer and simpler structure. Rewards are now based solely on trading volume and staking power, allowing participants to focus on their favorite activities while climbing the updated leaderboard.

Eligible actions include buying or selling NFTs, completing token swaps, and trading Bitcoin-based Runes, with all supported blockchains counting towards rewards. Notably, only original Magic Eden listings qualify, and non-standard trading may result in penalties. The announcement noted that the leaderboard will refresh hourly, adding a competitive element.

Staking plays a crucial role, with rewards multiplied by both the amount staked and the lock-up period. The Magic Eden team revealed that users can link multiple wallets to aggregate their staking power, maximizing their rankings. The program emphasizes transparency, with payouts tied to individual performance rather than percentage tiers.

Magic Eden also stated that they plan to soon add 'Lucky Buy' as another reward-earning activity. Season 2 will last until mid-August.