Magic Eden announces token economics: initial airdrop accounts for 12.5%

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Blockbeats
a day ago
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On November 19, Magic Eden announced the token economics of its ME token. The total supply of ME tokens is 1 billion, and the token distribution will be released over 4 years, with 50.2% allocated to the community. The community and ecosystem account for a total of 37.7%, with the initial community allocation accounting for 12.5% of the total supply. Additionally, contributors account for 26.2%, and strategic participants account for 23.6%, both of which include lock-up periods. Magic Eden stated that they will soon launch a website to check for airdrops, but the specific date has not yet been announced.

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