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🎓 Magic Eden Cross-Chain NFT Mastery

🎯 Complete the quiz below to earn your reward, climb the leaderboard, and join Nigeria’s fastest-growing community! This is part of Emostically’s Read-to-Earn Trial with Magic Eden — where learning pays off.

📚 Reading this article earns you 10,000 points! Each correct quiz answer gives 1000 points towards your total reward.

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1. What is the primary purpose of the $ME token?

A meme coin with no real use Magic Eden native utility token for rewards, governance, and incentives A token only for NFT purchases outside Magic Eden A token for paying gas fees on Ethereum

2. How much of Magic Eden’s marketplace fees are allocated to the buyback program?

10% 20% 30% 50%

3. During the buyback program, how is the 30% of fees used?

All 30% is burned immediately 15% buys $ME tokens, 15% buys NFTs 30% goes to marketing only 10% buys tokens, 20% rewards traders directly

4. Why should users stake $ME tokens instead of just holding them?

Staking allows users to participate in governance only Staked tokens earn multipliers for higher seasonal rewards Holding tokens automatically doubles rewards Staking freezes tokens permanently without benefits

5. What effect does the lock-up duration have on staking $ME?

No effect; rewards are the same regardless of duration Longer lock-ups increase multipliers and rewards but reduce liquidity Shorter lock-ups always give higher rewards Lock-up duration only affects NFT purchases

6. Which activities contribute to earning rewards besides staking?

Trading NFTs and completing quests on Magic Eden Watching videos outside Magic Eden Sending tokens to friends only Holding tokens on other platforms

7. How does using multiple wallets affect staking?

It reduces your rewards due to split stakes Each wallet can have one active lock-up, allowing compounded multipliers It causes your account to be banned There is no effect; only one wallet counts

8. What percentage of Magic Eden’s fees is NOT allocated to buybacks?/p> 30% 40% 50% 70%

9. What are risks involved with staking $ME tokens?

Guaranteed profit with no risk Unlimited liquidity at all times No risk because tokens are insured Price volatility, locked tokens reducing liquidity, and platform risks

10. How can users maximize their $ME rewards?

Stake with longer lock-ups, trade actively, use multiple wallets, monitor leaderboards Stake once and never trade Hold tokens off-platform Avoid staking and only buy NFTs

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