Magic Eden’s $ME token is the backbone of a multi chain Web3 consumer ecosystem, powering one of the leading NFT marketplaces, launchpads, and wallets spanning Solana, Ethereum, Bitcoin (Ordinals & Runes), and Polygon. Initially decentralized, it incentivizes trading of NFTs and fungible tokens across networks and unlocks premium access and rewards via Magic Eden Quests and staking programs. Its model is built around multi-chain engagement and mobile-first UX, extending its influence beyond NFTs to general token trading.
$ME holders enjoy governance rights in the ME DAO, staking incentives, fee discounts, and access to exclusive collections. The token also promotes creator-aligned features like customizable royalties via ERC721 C and Creator Token Standards V2. Distribution is structured to reward early and active users, sustain ecosystem growth, and lock key contributors long term. Unclaimed allocation eventually feeds staking rewards.