Magic Eden recently launched one Cross-chain rewards program This leverages the popular NFT marketplace with Solana, Bitcoin, Ethereum, and Polygon, along with opportunities associated with the new multi-chain wallet.
Magic Eden has announced that it will soon do beyond the reward program Open the creation and transaction protocols in cooperation with the new irreversible DAO. They are working on plans to launch a token called “NFT” that will be used to reward DAO traders.
Like the Magic Eden Rewards Program, NFT is designed to reward traders, collectors and creators. Users on the Magic Eden marketplace can earn “Diamonds” or other types of points as they are employed as part of the latest crypto incentive programs.
Magic Eden does not provide any information on what the diamonds are used for or how they can be taken. However, said Magic Eden General Manager Tiffany Huang. Decrypt According to a recent interview, people using Magic Eden's protocol will be able to receive the NFT token that will be released by Fungible DAO.
As a nod to Solana, where Magic Eden debuted its NFT marketplace, its Diamond program is returning to “Solana OGs” in a recent drop on Friday. Claims will remain open until March 3.
The points are distributed daily, an unspecified diamond is released daily. The diamonds you earn are based on the percentage of total activity you count—on busy days with heavy traffic, you'll earn fewer diamonds than usual.
How to find diamonds
Thankfully, Magic Eden has released a wealth of information on how to maximize your diamond earning potential. are there Three blogs They recently published a list of the program on their website, but we'll summarize it here.
The main way to get diamonds is, quite simply, by buying, listing, or collecting NFTs—but there are a few ways to grow your diamonds.
When it comes to buying NFT, bigger purchases get more diamonds. When it comes to selling, users earn diamonds as long as their list lasts – but they can earn more diamonds based on how close their list is to the set's floor price. The closer the list is to the floor price, the more diamonds you will receive.
Offers or “bids” work the same way as listings. Users can trade volume and earn diamonds by placing collectibles on any of the top 100 collections on Magic Eden. Similarly, with their lists, users can earn more diamonds by seeing how close their offers are to the set's floor price.
Certain “trend” sets get a 50% diamond bonus; KleinoserzFor example, it currently has a bonus applied to diamonds found by connecting to the collection through Magic Eden.
Another way to increase your diamonds is through your loyalty points. 100% Loyalty Points equals 100% bonus generated from Diamonds. Loyalty score itself is determined by how loyal you are to Magic Eden. You can increase your Loyalty Points by listing and buying your NFTs only on Magic Eden.
Good luck mining your diamond!
Edited by Andrew Hayward.
Stay on top of crypto news, get daily updates in your inbox.
