Key info
- Claim window: December 10, 2024 at 2 pm GMT - February 1, 2025 at 11:00 pm GMT.
- Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan address here)
- Claim page: mefoundation.com. Please be wary of scams and only visit this site.
- Please make sure to have some SOL in your claim wallet so you can claim your tokens.
About $ME
$ME is powering the onchain economy and represents the most powerful suite of cross chain trading, minting, and wallet protocols. Adopted by Magic Eden as their official token, $ME will represent the largest community of onchain users who will earn $ME for trading all assets on all chains.
$ME Initial Claim
- Total claim supply: 12.5%
- Total tokens for $ME claim: 125,000,000
- More information about $ME tokenomics can be found here.
The $ME TGE day has finally arrived and will be open until February 1, 2025.
Claim Instructions:
In order to claim your $ME, please visit the following help articles:
In short, you need to start at mefoundation.com on your desktop, link all your eligible wallets (make sure to link all wallets across providers and chains), and finish the claim in Magic Eden's mobile app, available on iOS and Google Play.
About $ME Staking
$ME Staking Overview:
In addition to claiming $ME, you can stake $ME now too. The benefits of staking are as follows:
- Staking $ME allows users to earn $ME via Magic Eden Quests
- Staking $ME allows people to participate in ME Foundation governance forums to improve, as well as drive awareness and adoption for the protocols.
Only stakers can access these benefits.
To stake, users can visit mefoundation.com, magiceden.io/earn, or Magic Eden's mobile app to get started. Inside each experience, you will be able to choose how much $ME you would like to stake and the lockup period. Users will be able to stake for a minimum of 1 day and a maximum of 4 years (1,460 days).
Inside each experience, you will be able to choose how much $ME you would like to stake and the lockup period. Users will be able to stake for a minimum of 1 day and a maximum of 4 years (1,460 days).
When you stake $ME tokens by locking them for a period of time you obtain ‘Staking Power’, which is equivalent to how many tokens you staked multiplied by the period of time locked. In other words, the more a user stakes and the longer a user stakes, the exponentially more their Staking power becomes.
About Governance
Governance of ME DAO is designed for users committed to protocol governance and long-term growth of the ME ecosystem. Governance proposals will be focused on driving awareness of the protocols, improving and adding protocols, and increasing adoption for the protocols.
As such, ME DAO will utilize a vote-escrow model in which users can stake their Tokens for a set duration of time to accrue voting power.
A user's Voting Power (number of votes) for Governance Proposals is equal to Staking Power.
More information about voting and governance will be released soon.
About Magic Eden Quests
The largest builder on the protocols, Magic Eden, is launching Magic Eden Quests to help people earn more $ME rewards after TGE.
Magic Eden Quests are limited-time activities that users can complete to earn more $ME, occurring on both Magic Eden's mobile app and desktop app. The next quest phase starts on TGE and ends after 90 days.
Detailed information about Magic Eden quests can be found via Magic Eden. Feel free to read more information below.
$ME Solana DeFi partnerships
$ME is an SPL token and you can use $ME across the Solana DeFi ecosystem.
$ME will be available for trading, creating liquidity pools, and lending on the following platforms directly on launch day.
Users can enjoy some extra rewards with the following partners:
- Kamino, in partnership with Jito: Earn 5,000 $JTO and 5,000 $ME on Kamino for the first month by creating $ME - $JITOSOL
- Raydium: Earn 1K $RAY per week for 4 weeks by creating $ME - SOL pools on Raydium, offer ending January 7
Additionally, users may want to trade on the following platforms:
- Meteora: Create $ME - SOL or $ME - USDC Meteora DLMM or dynamic pools
- Drift: Trade with leverage on Drift or use as collateral for cross asset lending
- Jupiter: Trade on Jupiter
- Orca: Trade and create pools on Orca
- deBridge: bridge assets from other chains to buy $ME
- Wasabi: Stake to earn yield + Wasabi Points or trade with up to 5x Leverage
What’s Next:
In the next few days,
- The ME Foundation Constitution and additional articles will be published
- More details on Magic Eden Quests will be released
- DAO governance and the first ME DAO vote will be released
Please continue to follow ME Foundation on X for more news. Thank you!