Magic Eden is planning to launch an app that allows users to trade all kinds of digital assets across multiple blockchains.
The platform aims to create a mobile-first experience where users can trade assets on all major blockchains without the need for different apps or wallets.
Magic Eden's token, $ME, will serve as a growth engine for the app, attracting new users and offering rewards for increased usage.
The founders of Magic Eden will lock their tokens for 18 months after the Token Generation Event, demonstrating their long-term commitment to the platform.