The ME Foundation plans to launch the Solana-based ecosystem token ME on December 10. However, specific information about the conversion of the platform's existing reward program Magic Eden Diamonds into ME tokens has not yet been disclosed. Relevant people said that the token distribution is expected to be based on "organic" trading activities, cross-chain transactions, and "loyalty" or historical usage of eligible platforms.
Although users will not know their allocation until December 10, they will be able to use the tools released by the ME Foundation to check whether they are eligible for airdrops in the days before claiming. When the token claim is officially opened on December 10, 12.5% of the total supply of 1 billion ME tokens (125 million tokens) will be immediately unlocked and provided to eligible Magic Eden users, and another 22.5% of the supply (i.e. 225 million ME tokens) will be set aside to incentivize users who use the ME Foundation's related protocols and platforms in the future. (Decrypt)