Magic Eden launches a new incentive program and plans to introduce dynamic fee pricing

2022-12-15 08:29:23

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ChainCatcher news, Magic Eden has launched a new incentive program feature called Magic Eden Rewards, which will allow users to create profiles across all wallets and reward users with "Magic Points" based on secondary transactions on the platform.

For every 1 SOL transaction, users will earn five "Magic Points," and users will be ranked into 5 levels based on the Magic Points they accumulate. This ranking system will reward users with unique benefits, including exclusive creator content, partner discounts, and NFT giveaways directly airdropped to their profiles.

Magic Eden also plans to introduce dynamic fee pricing, meaning that the amount users and creators pay for transactions will depend on their market activity rather than a fixed transaction fee, and will be distributed between buyers and sellers. (Source link)

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