Magic Eden introduces the reward program based mostly on consumer transactions

Magic Eden introduces a reward program based mostly on users’ trading exercise in the platform.

As a consequence, customers will have five reward tiers, calculated based mostly on SOL trading volume, with one SOL = five magic factors. The far more factors, the larger the degree and the corresponding rewards.

The rewards in the Rewards Hub talked about by the platform will be distributed in the kind of NFTs, discount rates from ecosystem partners and several other incentives.

two/ Discover your degree!

Log in with YOUR Principal WALLET on https://t.co/AwQ7CuU5Ss. Then website link each and every of your sub-wallets to find out your Magic Buddy and obtain out what tier you are at.

All wallets linked with a username are Personal. pic.twitter.com/bZuHVdI5Fx

— Magic Eden (@MagicEden) December 14, 2022

This is Magic Eden’s final move immediately after the determination switch to the NFT royalty possibility model in an energy to entice customers to join the platform and increase income of its web3 video games.

While the pricing of NFT rewards is based mostly on market place worth, Solana’s core NFT platform says it truly is operating with partners to include an “early access” bonus and come up with a trading exercise investigation instrument.

Magic Eden executives say costs on the platform will be waived until eventually 2023, immediately after which Magic Eden will offer you a five% – 45% trade price reduction based mostly on each and every personal user’s degree and overall performance.

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