Will I Be Able To Accept A Bespoke Token In Magic Eden?

Magic Eden has improved the way users can add accounts to their wallet, offering multiple options for enhanced flexibility and security. Infinite approval, also known as token, is a feature that allows users to integrate their chosen custom token into their wallet, priming them to send and receive using the Magic Eden Wallet. To ensure the authenticity of your custom token, safeguard against potential scam variants.

Magic Eden’s newly-created foundation confirmed a forthcoming airdrop for its $ME token this morning, but the whole thing felt like a marketing ploy for the new token. As a governance token, $ME will most likely allow holders to propose or vote on changes, upgrades, or adjustments to Magic Eden’s platform. Once you have the verified contract or token address, you can add custom tokens to your Magic Eden Wallet. The specific tokenomics haven’t been announced yet, but $ME will be exclusively claimable through the Magic Eden Wallet, available on both platforms.

Securing your Magic Eden airdrop is straightforward, but you’ll need to complete a few tasks and meet certain requirements. The ME token will be integrated into Magic Eden’s existing platform, incentivizing users to trade digital assets across different chains. The planned “NFT” token will be called ME instead, and the ME Foundation is gearing up to launch it via the Magic Eden Wallet. You will need to approve the token to be spent, as this will allow the NFT platform to transfer your asset to the buyer.

The advantages of infinite approval are simple: listing our NFTs on Magic Eden is free, we pay nothing, and Magic Eden receives a percentage of each transaction in the sale and purchase.