.MagicEden is rolling out a loyalty program, rewarding users for buying and selling NFTs on the secondary marketplace. camlearnscrypto reports
Called Magic Eden Rewards, the new feature will allow users to create a profile across all wallets and will award users with “Magic Points” based on secondary trading transactions on the platform.
For every 1 SOL traded, users earn five “Magic Points,” placing users in one of five loyalty tiers. This ranking system will reward users with unique benefits, including exclusive creator content, partner discounts, and NFT giveaways airdropped directly to their profile. Magic Eden also plans to introduce dynamic fee pricing into the tiering structure. This means that instead of flat fees for trading, the amount that users and creators pay to transact will depend on their marketplace activity and will be be distributed between sellers and buyers.
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