Magic Eden Rewards SOL Merchants With Reductions and Free NFTs

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To spice up Solana following a decline in gross sales, Magic Eden is working towards promoting extra of its #1 token by providing SOL merchants free NFTs and reductions

Magic Eden has been on a roll not too long ago. Final month, {the marketplace} launched a Hackathon with a million-dollar prize pool. Then, added Polygon NFTs to its hub of digital property.

Now—to assist Solana (SOL) get again up and kicking following a hefty decline in gross sales because the FTX disaster—the NFT market has created a rewards program to difficulty loyal merchants with reductions and freebies.

Fast Take: 

Magic Eden launched a rewards program for Solana NFT merchants at the moment.

The rewards embody Solana-related perks, charge reductions, and free NFTs.

A brand new “dynamic maker/taker mannequin” for platform charges may even launch subsequent yr.

Magic Eden’s SOL Rewards Program – Temporary Particulars

Regardless of Solana having its personal market, SolSea, Magic Eden stays the world’s largest Solana NFT market by gross sales quantity.

Following this, the SOL buying and selling hub took to Twitter yesterday to disclose that will probably be saying a rewards program for all lovers of the crypto token, which – shortly afterward – launched at the moment.

Because of the Tweet, loyal SOL merchants have been capable of put together themselves for reaping all of the outstanding advantages Magic Eden now presents: free NFTs, decrease reductions, and different SOL-related perks.

Every program spans 5 tiers of rewards to additional entice prospects. For example, for each SOL spent, prospects earn 5 factors every calendar month. This initiative goals to get the token again and working after a hefty drop in gross sales. Moreover, every step up the ladder supplies extra beneficiant advantages for members.

To additional rejoice its new program, alongside the brand new yr, the NFT buying and selling hub can also be reducing transaction charges relying on SOL merchants’ degree. In January, it’s going to launch a “dynamic maker/taker mannequin” for platform charges to separate charges between patrons and sellers quite than the agency taking a reduce from sellers. Nonetheless, full particulars concerning the charge construction are but to be revealed.

This reward program and new maker/taker mannequin is an enormous deal for Magic Eden, contemplating it not too long ago added Polygon to its community, and takes a piece of two% per transaction.

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