As a seasoned crypto investor with a knack for spotting promising opportunities, this Binance listing of Magic Eden (ME) has piqued my interest. I vividly remember the surge of ORCA and ACX tokens following their Binance listings, and it seems history might be repeating itself with ME.
The leading cryptocurrency trading platform, Binance, has disclosed its intentions to feature Magic Eden (ME) on its marketplace.
The news precedes the confirmed airdrop by Magic Eden, offering a possible financially rewarding chance for involved parties.
Binance New Listing: What Investors Need To Know
On Tuesday, the 10th of December, Binance declared that they will include Magic Eden’s empowering token, ME, in their listings. This addition is scheduled for 15:00 UTC, and at launch, there will be four market pairings available for trading spots.
“New Spot Trading Pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY,” Binance said.
It seems that the announcement suggests users can begin depositing the token (ME) now for future trades, as withdrawals will be available 24 hours after listing. Notably, this Binance listing offers zero fees, allowing users to trade without any trading costs. Zero-fee features are one of the strategies exchanges use to attract more participants.
Additionally, they’ll assign a unique tag or “seed” for this fresh listing, which should aid in distinguishing Magic Eden’s ME from similar tokens. Also, please note that the newly introduced trading pairs will only be accessible to eligible participants.
Immediately following the news about its listing, Magic Eden’s ME token experienced a significant surge, rising more than 53% in value.
As a researcher, I’ve noticed an interesting pattern in the crypto market. The announcement of Binance listing a token, like what happened with ORCA and ACX last week, often leads to a significant surge in the token’s value. On the flip side, when Binance delists a token, the immediate impact is usually a sharp drop in the token’s value.
Magic Eden To Airdrop ME Tokens
At the same time, Binance exchange announces new listings, which follows news about Magic Eden NFT marketplace planning an airdrop of ME tokens after successfully raising around $160 million. As BeInCrypto reported, ME token plays a crucial role in Magic Eden’s ecosystem, and this upcoming airdrop could offer a profitable chance for those involved.
Through the airdrop, which serves as a Token Generation Event (TGE) for the Magic Eden Ecosystem, users can seize an opportunity to market their Solana NFTs (unique digital assets) for purchase within ME. As a result, they will be rewarded with tokens from these transactions.
“…You will be able to list Solana NFTs in ME and buy those NFTs in ME,” Magic Eden explained.
On Tuesday, December 10, at 2 PM GMT, the ME announcement will be made. However, it’s important to note that Magic Eden has specified this restriction to their audience in the United States. This comes after the NFT marketplace recently adjusted its domain between the US and other international areas due to recent changes.
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2024-12-10 13:51