Magic Eden has announced the economics of its official token ME token, with a total supply of 1 billion tokens, which will be distributed over 4 years, with more than half of them going to the community. Among them, TGE's initial ME applications: 12.5%; Community and Ecosystem: 37.7%; Contributors: 26.2%; Strategic Participants: 23.6%. The ME will be distributed over a period of 4 years, at which time all ME will be in full circulation, with the majority of it distributed to the community. To ensure that the community and protocols are protected from security issues, a 5-member Security Committee will be appointed to oversee a multi-signature wallet capable of performing both urgent and delayed non-emergency actions. The ME Foundation will act as steward of the ME.