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

BlockBeats news, on October 22, Magic Eden CEO Jack Lu shared his vision for Magic Eden on the social platform, and said that soon on Magic Eden, users will be able to trade all assets on the chain in one application, similar to Binance or Coinbase, but running entirely on the chain. By the end of this year, Magic Eden will be online on 10 chains. In addition to NFT transactions, there will also be Solana token transactions, rune transactions, and cross-chain exchanges.

The ME token will become the growth engine of the application. The progress of the test token is still on schedule to be launched within this month. In order to reflect the long-term commitment to MAGIC, the founding team of Magic Eden will lock its tokens until at least 18 months after the TGE. In order to establish consistent incentives with the community, Magic Eden's ME integration will also reward the platform's longest-term continuous users.

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

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