CandleFocus Magic Eden Staking Explained: A Complete Guide
2024-12-18
Author: Content Editor
The Magic Eden $ME staking system has garnered interest from crypto enthusiasts but is not easily understood. Staking alone does not earn rewards; it is a two-step process that combines staking power and quest participation. Staking power determines influence and rewards, while completing quests earns points for ranking. Rewards are distributed based on rank percentile at the end of a 90-day cycle, with higher ranks earning larger rewards. However, the exact amount for each rank is unclear, causing frustration. Improved communication and tools are needed to address these issues. Despite its challenges, the $ME staking system could become a benchmark for gamified staking models if concerns are addressed.
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