31 March 2023 02:14, UTC
Studying time: ~2 m
Diamonds are a bonus sort, and the reward quantity is not going to change each month. The launch program goals to reward its group for a lot of actions demonstrating their dedication to the platform slightly than simply buying and selling quantity.
DROPPING TODAY: DIAMONDS 💎
Begin incomes diamonds right this moment, as a result of diamonds will put you first 🥇
Now, everytime your listings are offered & bids are accepted on @MagicEden, you may earn diamonds.
Coming quickly: our 1st rewards drop for high diamond holders.
You snooze you lose. pic.twitter.com/K6taBuPPSH
— Magic Eden 🪄 (@MagicEden) March 30, 2023
There are presently 3 ways to earn diamonds:
- Itemizing: Listing your NFTs on the market on Magic Eden. When your NFT is offered, you earn diamonds.
- Bidding: Bid on NFTs on Magic Eden, when bids are accepted you earn diamonds.
- Finishing Your Profile: Full your Magic Eden profile by filling in your username to earn diamonds.
These diamonds are usually not restricted to a month-to-month cycle and can stay fixed month-to-month.
In line with Magic Eden, consumer loyalty factors are the deciding issue to find out the multiplier for diamonds earned, with 100% loyalty factors receiving a double multiplier. Loyalty is checked each 24 hours, and a loyalty multiplier is utilized when diamonds are earned.
Calculation of loyalty factors making an allowance for consumer exercise over the previous 6 months. The favored NFT platform can even introduce extra methods to earn diamonds and rewards and particular diamond advantages and rewards sooner or later.
Final week, Magic Eden launched a brand new NFT market for Bitcoin Ordinals. The brand new platform is much like what Magic Eden already affords to NFT clients primarily based on Polygon, Ethereum, and Solana. This launch plan comes after the rise in reputation of the Bitcoin Ordinals NFT assortment.
Magic Eden’s transfer to Bitcoin brings a brand new daybreak to digital collections, with the platform’s dedication to supporting a number of chains and probably the most sturdy group of creators and collectors. A totally unlicensed, non-custodial market on Ordinals, utilizing PSBT know-how, offering a singular buying and selling expertise.
DISCLAIMER: The Info on this web site is offered as common market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.