Magic Eden CEO: Magic Eden founding team will lock up positions for at least 18 months after ME token TGE
On October 22nd, Magic Eden CEO Jack Lu shared his vision for Magic Eden on social platforms and said that soon on Magic Eden, users will be able to exchange on-chain assets in one app, similar to Binance or Coinbase, but running entirely on-chain. By the end of this year, Magic Eden will be online on 10 chains. In addition to NFT trading, there will also be Solana token trading, rune trading and cross-chain exchange.
The ME token will become a growth engine for the app. The progress of testing the token is still on schedule to launch within this month. To demonstrate the long-term commitment to MAGIC, Magic Eden's founding team will lock up its token until at least 18 months after TGE. To build consistent incentives with the community, Magic Eden's ME integration will also reward the platform's most long-term continuous users.