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Will Magic Eden's $ME token face significant security issues during the test phase in October 2024?
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Official announcements from Magic Eden or major news outlets covering the event
Story
Magic Eden Prepares $ME Token Launch with Mobile Claim System, October Test Rollout
Sep 30, 2024, 03:41 PM
Magic Eden, a leading on-chain trading dApp for NFTs and tokens, is preparing to launch its official token, $ME. The platform will introduce a mobile claim system and conduct a test token rollout in October. The test token, which will have no utility or value, aims to simulate the process for claiming $ME. The adoption of $ME as its official token is part of efforts to enhance user experience and incentivize engagement. Tokenomics and the Token Generation Event (TGE) will be announced following the test phase. Concerns have been raised about the need to download the Magic Eden wallet to claim the token, with some users wary of providing their seed phrases to a marketplace.
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