Magic Eden Introduces Retro Diamond Drop for Cross-Chain Rewards Program
Magic Eden, the multi-chain marketplace, has launched its “Retro Diamond Drop” as part of its cross-chain rewards program. This drop allows every trader active on Magic Eden since its launch in September 2021 to claim Diamonds, which are rewards points. The amount of Diamonds you can claim depends on your trading volume, number of trades made, total collections owned, and total NFTs owned. If you have a 100% loyalty score by using Magic Eden exclusively, you will earn a 100% bonus on your Diamonds. This drop complements the existing rewards program that allows users to claim Diamonds for completing quests and logging in daily.
Magic Eden Rewards Program for NFT Community
The Magic Eden Rewards program was created to give back to everyone in the NFT community. It is unique because it rewards not only traders but also collectors. In addition to encouraging listing and placing offers, this program also rewards users for purchasing native listings on Magic Eden and accepting offers. You can claim Diamonds on every wallet you’ve ever used on Magic Eden.
Expansion to Other Chains and Platforms
The Retroactive Rewards are not limited to Solana. Diamonds will be extended to other chains soon and will be part of Magic Eden’s upcoming Ethereum NFT marketplace and Bitcoin and Ethereum scaler Polygon platforms. Magic Eden’s Bitcoin account has hinted at upcoming Bitcoin rewards as well.
Non-Fungible DAO Partnership
Magic Eden’s activities that tie into the Diamond reward system will also benefit users when the Non-Fungible DAO’s NFT token drops. Non-Fungible DAO is a community-owned organization focused on developing and driving adoption of protocols in NFT commerce. Users will receive tokens based on their trading activity, including within the Magic Eden ecosystem.
Hot Take: Magic Eden Enhances Rewards Program with Retro Diamond Drop
Magic Eden’s new Retro Diamond Drop adds another layer of rewards to its cross-chain rewards program. Traders and collectors active on Magic Eden since its launch can claim Diamonds based on their trading volume and other factors. The program aims to reward loyalty by offering a 100% bonus on Diamonds for users with a 100% loyalty score. This drop complements the existing rewards program that allows users to claim Diamonds for completing quests and daily logins. With plans to expand to other chains and platforms, Magic Eden continues to enhance its rewards program and provide benefits to the NFT community.
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