The Magic Eden Non-Fungible Token market has just launched Season 2 of its rewards program, with the goal of encouraging users through a clearer and more accessible structure. The program currently focuses on trading volume and staking power, allowing participants to concentrate on their favorite activities while still being able to climb the frequently updated leaderboard.
Eligible activities include buying or selling Non-Fungible Tokens, performing token swaps, and trading Runes based on Bitcoin, with all supported blockchains being counted towards rewards. Notably, only original listings on Magic Eden are eligible, and unnatural transactions may be penalized. The announcement also emphasizes that the leaderboard will be refreshed hourly, creating a highly competitive environment.
Staking plays a crucial role, with rewards increased based on both staking amount and lock-up time. The Magic Eden team states that users can link multiple wallets to aggregate staking power, optimizing their position on the leaderboard. The program particularly focuses on transparency, with payments based on individual performance rather than percentage tiers.
Magic Eden also revealed plans to soon add a "Lucky Buy" feature as a new reward-earning activity. Season 2 will continue until mid-August, when rewards will be distributed. This Non-Fungible Token market emphasizes that the update aims to make progress tracking more engaging, with intuitive UX improvements and real-time leaderboard updates. By simplifying the mechanism, Magic Eden hopes to attract broader participation in its developing ecosystem.
Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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