Magic Eden Airdrop Guide

Magic Eden has recently unveiled a comprehensive, cross-chain rewards program for their upcoming token drop of $NFT, designed to benefit a wide range of participants. This program, which initially focuses on the Solana blockchain, is part of Magic Eden’s vision to create an inclusive space for creators and collectors across various blockchains. In this guide, we’ll delve into the practical steps you can take to maximize your rewards on Magic Eden for $NFT, with as little as 0.25 SOL Capital needed.

How to Join Magic Eden Airdrop:

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Buy and Sell NFTs on Magic Eden

Simply interact with the platform as you normally would with buying and selling and watch as your diamond balance grows. Do this with the top collections for more diamonds.
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Create an AMM pool and buy and sell from it

Navigate over to the AMM section and create a buy-and-sell pool. It is recommended to have a delta that increase or decreases the listed price you are putting it on at. A full video guide can be found here.
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Create offers on top collections

This involves clicking the “offer” section and making offers slightly below the floor. By default, it will auto-match the current highest offer. You can either leave it at this or adjust it slightly below. A full video guide can be found here.
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Buy and Sell with yourself on 0% collections

Look at the Magic Eden top 10 and you will most likely see Froganas on there. This is because of their 0% fees. While they do have 2.5% listing fee, how we can leverage this is by trading between ourself simply listing and buying, and while you will lose a small amount of fees you will earn 150 – 300 diamonds per buy. Depending on the price diamonds are trading at on whales market or what you think they will be worth in the future this means you can be profitable doing this. A full video guide can be found here.
Need some help? simply watch the step-by-step video below or join our discord.

Join Airdrop

Introducing Magic Eden Rewards

We’ve spent the last year designing a long term, cross-chain NFT rewards program built for everyone. This isn’t just another points campaign. It’s a meticulously crafted plan to give back to Magic Eden’s OGs, collectors, creators, and degens alike.… pic.twitter.com/RQkJpoZEvi
— Magic Eden 🪄 (@MagicEden) January 23, 2024

Actionable Tips on Farming Magic Eden Rewards:

Creating an AMM Pool

Minimum $SOL needed: 0.25 SOL

Collections Traded: Solmaps

This is the most simple and cost-effective method to farm for $NFT. MagicEden is offering rewards for participating in activities like creating Automated Market Maker (AMM) pools. Here’s a step-by-step guide to setting up an effective AMM pool, specifically the Open Solmaps pool:

Step 1: Create the AMM Pool

Go to MagicEden’s website and select “Create AMM.”
Choose the Open Solmaps pool for a straightforward setup.

Step 2: Configure Pool Settings

Set the starting price and leave it unchanged to maintain stability.
Opt for a very low “Change by” value, considering NFT values typically don’t fluctuate significantly.
Adjust the Liquidity Provider (LP) fee to zero, focusing on diamond farming and potential airdrops rather than earning fees.

Step 3: Finalize the Pool Setup

After adjusting the settings, click “place order” to activate your pool.

Step 4: Monitor Rewards and Adjust Strategy

Regularly check your rewards on MagicEden’s rewards page. Using a new wallet is recommended for a full loyalty bonus.
Due to a current bug affecting automatic sales, once a third of your offer is filled, cancel it.
Set up a new AMM pool, this time including a sell order for the amount already bought.

Step 5: Ongoing Pool Management

Continuously monitor the pool to ensure its price is close to the Floor Price (FP). Make adjustments as necessary.
Regularly check the activity tab to confirm your presence as both “Buyer” and “Seller” in transactions.

By following these steps, you can effectively participate in MagicEden’s rewards program, maximizing your potential earnings through smart AMM pool management.

Offer Diamond Farming

Focus on Top Collections: Start by targeting NFTs from top collections, especially those offering additional diamond bonuses (e.g., +25% or +50%). High-volume collections are preferable as they provide more opportunities for transactions and thus, for earning diamonds.
Making Offers: One of the key strategies involves making offers on NFTs within these top collections. The goal is to make competitive offers without necessarily being the highest bidder. Even without having the top offer, you can still earn diamonds, as the system rewards a range of offer placements, not just the highest.
Calculating Offers: When making an offer, consider the collection’s floor price on Magic Eden and the associated fees (typically around 2.5%). Your offer should account for these fees to ensure you’re making a competitive yet profitable bid. If your offer becomes outdated or you wish to withdraw it, Magic Eden allows for easy cancellation or adjustment of your offer.
Monitoring and Adjustment: Keep an eye on your offers and the collection’s activity. If necessary, adjust your offers to remain competitive. It’s worth noting that the process involves a degree of randomness; diamonds are awarded for offers based on various factors, including timing and the offer’s competitiveness.

Earning Diamonds through Daily Activities

Loyalty Maximization: Aim for 100% loyalty to receive double the Diamonds. Adjust your listings on Magic Eden by delisting and relisting NFTs and track your progress using the Loyalty-o-Meter.
Purchase Strategy: Earn Diamonds by buying NFTs listed natively on Magic Eden. Use the toggle button to filter these listings.
Listing Approach: List your NFTs natively on Magic Eden. The closer your listing price is to the floor and the longer it remains listed, the more Diamonds you earn.
Making Offers: Put forward offers on NFTs. Your Diamonds accrue based on how close your offer is to the floor price and its duration.
Stay Alert for Bonuses: Watch out for temporary 50% Diamond Bonuses on select collections, as all bonuses are cumulative.

Magic Eden Wallet Usage

Early Access: Try to obtain an early access code from a Magic Eden employee.
Wallet Integration: Once the wallet is public, earn Diamonds by actively using it.

Magic Ticket Holders

Stay Updated: Await further details from Magic Eden on how Magic Ticket owners will be incorporated into the rewards system.

Cross-Chain Activity

Engage Across Chains: Participate in activities across all chains where Magic Eden is present (Solana, Ethereum, Polygon, & Bitcoin) to meet airdrop criteria, which may include trading volume and NFT minting.