NFT marketplace Magic Eden is rolling out a trial token named $TestME, intended solely for technical testing rather than trading, with a strong advisory to users on its non-market status.
Available for a brief two-day period, $TestME enables Magic Eden to validate its digital wallet infrastructure before the official launch of a governance token.
Users are reminded that $TestME has no trading value and is solely for internal testing.
What is TestME Token?
Launched earlier today, the $TestME token serves as a technical test for Magic Eden’s wallet systems, allowing the platform to fine-tune token distribution processes and resolve any arising technical issues.
Unlike the forthcoming $ME governance token, $TestME does not carry voting power or trade value; it’s dedicated to ensuring the wallet’s functionality.
Though temporary, $TestME serves as a key preparatory step, allowing Magic Eden to ensure readiness for a governance-driven model whilst expanding blockchain support, including Ethereum and Bitcoin.
Who is eligible to claim TestMe Tokens?
Only users who have engaged with Magic Eden within the past six months and have a Magic Eden Wallet are eligible for the token claim. Additionally, eligibility is restricted by region, excluding users in the U.K. and U.S.
The two-day availability is intended to keep the trial manageable whilst allowing for user engagement and thorough oversight of the wallet functions.
Eligibility status can be checked on the ME Foundation’s website.
How to claim TestME Tokens?
To claim $TestME, eligible users need to complete a few straightforward steps:
- Download the ME App: Start by installing the Magic Eden App on your device.
- Check Eligibility and Scan QR Code: Open the app to confirm eligibility and scan the provided QR code.
- Link Wallets: Link any wallets you want to check for eligibility in the app.
- Claim Tokens: Once eligibility is confirmed, claim your $TestME tokens directly through the ME App.
Magic Eden advises users not to trade $TestME, as it holds no financial value and is intended for testing only.
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