The snapshot for the Unclaimed Bonus $ME Airdrop took place around the time $ME claim closed. The $ME claim closed on February 1, 2025 11 pm GMT. This FAQ covers the details of the airdrop, eligibility, and what comes next for stakers.
What is the Unclaimed Bonus $ME Airdrop?
As part of TGE, any unclaimed tokens from the 12.5% allocated would flow back to stakers. ~16 million $ME were unallocated as of the close of the claim period. The metric used is staking power and time staked since TGE. Future emissions will be distributed based on rank, which is a function of quest participation and your staking power.
Who qualified for the Bonus $ME Airdrop?
Anyone who was actively staking $ME when the snapshot occurred qualified for the Bonus Airdrop which was around the time the claim closed. If you were not staking at that time, you are not eligible for this distribution.
How was the Bonus $ME Airdrop designed?
The airdrop rewards active $ME stakers based on:
Staking power – this is a metric calculated based on the amount of $ME staked and the length of time it was staked.
How early you started staking – users who staked closer to the TGE received a larger share than those who staked later.
This airdrop is not based on trade volume, unlike future $ME emissions, which will require you to trade and stake to receive $ME.
How will I receive my airdropped $ME?
Your $ME will be directly airdropped to your staked wallet address—there is no need to manually claim it.
The airdrop will begin on 2/14 at 11 am PT and it may take around an hour maximum to complete the entire airdrop.
We encourage users to stake the received $ME, as it increases overall staking power, which will help maximize future emissions during each Quest season.
Can I change the wallet where my $ME airdrop will go?
No, all amounts will be airdropped to your staking wallet. Please don’t fall for any links or websites directing you to connect wallets.
What if I previously staked but my staking period ended?
If you unstaked or your lock-up period expired before February 1, 2025 and you did not restake, you were not eligible for this airdrop. Only wallets that were actively staking at the time of the snapshot qualified.
Will some people receive more than others?
Yes. The Bonus $ME Airdrop follows a linear distribution based on:
Staking power (amount of $ME staked + duration of staking).
When staking began (earlier stakers received higher rewards).
This differs from future $ME emissions, which will also factor in trade volume and Quest participation.
If I'm unhappy with my airdrop, who can I speak to?
Please note that all airdrop allocations are final and cannot be adjusted.
What is the benefit of having more staking power?
More staking power leads to higher rewards in future $ME emissions.
For example:
Sally and Harry both trade the same amount of volume and complete the same Quests. However, Sally has more staking power than Harry.
As a result, Sally will receive exponentially more rewards when emissions are distributed.
In short, staking + trading over an extended period will maximize your rewards.
Will there be future $ME airdrops for stakers?
Yes, but only for users who stake and trade on Magic Eden. Future $ME emissions will be distributed based on:
Staking power (amount + duration of staking).
Trade volume.
Quest completion.
This Bonus Airdrop was a one-time event to reward loyal community members and distribute unclaimed TGE $ME. Future emissions will not follow the same model.
What are Magic Eden Quests?
Magic Eden Quests allow users to earn $ME by completing platform activities. If you're holding $ME and want to maximize your participation in the ecosystem, read this article to get started.
If you have any further questions, feel free to ask in our community channels. 🚀