Magic Eden CEO: The founding team of Magic Eden will lock up at least 18 months after the TGE of the ME token

2024-10-22 10:59:14

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ChainCatcher news, Magic Eden CEO Jack Lu shared his vision for Magic Eden on social media, stating that soon users will be able to trade all on-chain assets within a single application, similar to Binance or Coinbase, but fully on-chain. By the end of this year, Magic Eden will launch on 10 chains. In addition to NFT trading, there will also be Solana token trading, rune trading, and cross-chain swaps.

The ME token will become the growth engine of the application. The progress of the test token is still on track to be launched within this month. To demonstrate a long-term commitment to MAGIC, the founding team of Magic Eden will lock their tokens for at least 18 months after the TGE. To establish consistent incentives with the community, Magic Eden's ME integration will also reward the platform's most long-term and sustained users.

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