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The $ME token is the official token adopted by Magic Eden, a multi-asset, multi-chain on-chain trading platform aimed at making digital ownership universal. Users can earn $ME tokens by trading assets such as tokens and NFTs across all chains through Magic Eden's rewards program. Holders of $ME tokens can receive additional rewards through staking and have governance rights, allowing them to influence the future of the $ME ecosystem and protocols. The total supply of $ME tokens is 1 billion, with more than half allocated to the community, and they will be distributed over four years. The distribution includes 37.7% for the community and ecosystem, 26.2% for contributors, and 23.6% for strategic participants. The ME Foundation, a non-profit organization, will oversee the community's growth and ensure the security of the $ME ecosystem.