Why just trade when you can get paid to trade? Magic Eden Rewards make every transaction count.
In this guide we're answering all of your questions about Magic Eden Rewards, like how to get started, which activities count, how to maximize your earnings and more.
The rewards program is part of our mission to make Magic Eden more community-driven (and of course, rewarding to use) letting you earn $ME tokens for trading, listing and using our platform.
Earning starts with staking $ME tokens, which unlocks your ability to participate in the program.
To start earning Magic Eden Rewards, you first need some $ME tokens, which you can buy using the swap feature on the Magic Eden App.
The total rewards you’ll get depends on two main factors: your staking power (the amount of $ME tokens you have staked) and your trading volume.
The amount of $ME tokens you stake, the duration you stake them, trading volume and transaction count all influence how much you’ll receive at the end of the season, with each season lasting about three to four months.
Although you can earn rewards simply by trading while having $ME staked, there are several ways to maximize your rewards from the program.
Here are the top five:
If you read one thing, read this: You can't participate in our rewards program without staking. You must stake $ME for your activities to count towards your leaderboard ranking and rewards. Both the amount you stake and the lock-up period count towards your staking power, which combines with trading volume for overall ranking and earnings.
You can stake from multiple wallets and have it count towards a single account by linking them all. This goes for rewards too: the multiplier works best when all your different wallets (Solana, EVM, Bitcoin, etc.) are combined under one account.
Trading NFTs is one of the main things our users do when they visit Magic Eden, so we've made sure you get $ME token rewards while you're at it. Yep, buying and selling NFTs on Magic Eden earns you rewards. Even if the seller doesn't accept your offer, we'll still make it worth your while… Just making an offer gets you some tokens.
All you need to do is look for items with an 'Eligible for Rewards' tag. There's no minimum price requirement, and NFTs from all supported blockchains can be eligible. Pick your blockchain, trade and get rewarded.
Swapping tokens across chains makes you eligible for rewards – Every swap counts, whether it's on web or mobile. Using Magic Eden Token Swap is seamless, easy and has no minimum limit on swaps.
However, there are two important exceptions:
Only crypto-to-crypto swaps that incur fees count.
Buying and selling Runes also earns you rewards on Magic Eden. Keep in mind that Runes aren't NFTs, so the NFT rules don't apply here. Most notably, bids don't count towards rewards. But there's no minimum transaction limit. You can get rewarded for both the biggest trades in the Runes space and with the smallest up-and-coming assets.
With Lucky Buy on Magic Eden, you can get amazing NFTs for a fraction of their price. And now, completing a Lucky Buy transaction counts towards your rewards! This means double the benefits: getting an NFT for cheap and getting rewarded with $ME.
I mean… Must we explain further?
If you’re already using Magic Eden for all your NFT trading needs (and you really should be), there’s no reason why you shouldn’t take advantage of the rewards program.
Simply buy $ME tokens, stake them on our platform and let Magic Eden reward you for what you’re already doing.
If you want to make your NFT trading even more rewarding, join the Magic Eden Rewards program. Sign up, stake some $ME and trade the assets you like. Use the Search bar to browse, look into different ecosystems and find what piques your interest.
Connect your wallet to Magic Eden today, stake $ME and earn rewards.
When you start earning rewards, you can check your status on the Leaderboard. When you're logged in and staking, your account shows up automatically. You can also check out other users and see how they're doing… maybe see what the whales are up to…
Making offers on Magic Eden is simple. Find a listed NFT or collection you like, click 'make offer,' set your terms and wait. The seller will either accept or decline your offer. While your offer is active, the amount you offered is locked in escrow, safe and sound.
To stake on Magic Eden, you'll need $ME tokens, which you can get through the Swap feature on our platform. Then, under the Stake option in Magic Eden Rewards, enter the amount you want to stake and your preferred lock-up period. The longer you stake and the more you stake, the more rewards you're eligible for. That's it!
The information provided on this website is provided for general educational purposes only and is in no way financial or investment advice. Certain information may have also been provided to us or prepared by third parties; these materials are provided for convenience and are not an endorsement by Magic Eden. Magic Eden is not liable for any errors, changes or amendments to such information, including any actions taken in reliance on such information.
