PANews reported on March 31, according to the official blog, NFT market Magic Eden announced the introduction of the Diamond Rewards program, allowing users to earn diamonds based on different tasks and unlock more rewards in Magic Eden.

Diamonds are a reward currency and the number of rewards remains the same each month. There are currently three ways to obtain diamonds: 1. List NFT on Magic Eden and successfully sell it; 2. Bid for NFT on Magic Eden and be accepted; 3. Complete personal information.

Magic Eden says user loyalty points are used to determine the multiplier for diamonds earned, with a 100% loyalty score receiving a 2x multiplier. Loyalty is checked every 24 hours and a loyalty multiplier is applied when diamonds are earned. The loyalty score calculation takes into account the user's activity over the past 6 months. Magic Eden will also introduce more ways to earn diamonds and rewards, as well as future specific diamond benefits and rewards.