Abstract
Edens Gates introduces the first community backed category on Magic Eden, a space where every project is not only vetted by Magic Eden’s own standards, but also earns the backing of the community itself! Each week, on the Edens Gates platform, three NFT founders submit their vision (via 3-5 minute video), $ME holders vote, and the winner earns a permanent “Community-Backed Badge” and featured recognition slot on the marketplace.
All founders/projects go through rigorous screening prior to making it to a community vote.
In addition to the founders 3-5 minute video, Live Q&A sessions leading into the weekly vote may be required.
Over time, this creates a trusted category where collectors know every project has been through double accountability, screened for quality, and endorsed by active participants. The system is fully additive to Magic Eden’s current launchpad vetting, but adds something brand new; a transparent, ongoing way for the community to reward builders and surface projects they believe in.
Motivation
Imagine opening Magic Eden and knowing there is a dedicated section you can always trust, a pipeline of projects that not only passed ME’s internal standards, but also stood up in front of the community and earned their votes. Edens Gates makes that possible!
- For holders, it means $ME is more than a governance token. It becomes a tool to push forward projects they actually want to succeed, while also filtering out bad actors.
- For builders, it creates a badge of accountability that follows their collection forever: proof they earned community support before launch.
- For Magic Eden, it strengthens platform trust, adds a new utility sink for $ME, and builds constant engagement through weekly participation.
This is not just another voting app! Instead a long-term trust layer for the marketplace, creating a self-sustaining cycle of spotlighting, accountability, and utility.
Key Terms
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Community-Backed Badge: A permanent marker on Magic Eden showing a project was spotlighted by community vote.
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Recognition Slot: Extra Marketplace visibility for winners (banner, headline, or dedicated category).
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Loyalty Rewards: Perks for consistent voters (raffles, rebates, exclusive access) tracked quietly on the backend.
Specification
What’s Being Built? (Scope: Eden Gates)
- Submission and voting platform.
- Founder profiles with pitches and descriptions.
- Gated voting (0.5 $ME per vote).
- Smart contract that burns 50% of fees and routes 50% to a community rewards pool.
- Weekly Leaderboard and transparent on-chain results.
- Loyalty system to track consistent participation.
- Reviewer/Moderator role to filter projects before they appear for vote.
Marketplace Integration (Scope: Magic Eden)
- Magic Eden’s team would handle badge placement and recognition slot integration directly in their marketplace UI.
- Edens Gates publishes results on-chain through the voting contract, so ME can reference outcomes without relying on any external API.
Technology Stack (Edens Gates)
- Frontend: React/Next.js
- Backend: Node.js with PostgreSQL/Supabase
- Wallets: Solana adapters (ME, Phantom, Backpack,etc..)
- Smart Contracts: Custom $ME voting contract (burn + rewards logic)
- Hosting: Secure, scalable cloud setup
Implementation Steps
- Build MVP: voting and founder submissions.
- Deploy $ME contract (0.5 $ME vote cost, 50% burn / 50% rewards)
- Publish voting results on-chain for transparency.
- Launch weekly recognition cycles.
- Enable loyalty rewards and publish trial KPI reports
Timeline
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Month 1: MVP completed and launched (voting + submissions live).
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Month 2-4: 12 week live trial with weekly recognition cycles (badges, visibility, loyalty system active).
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End of month 4: KPI report published; community review on continuation or expansion.
Benefits / Risks
Benefits
- Expands $ME utility with every vote.
- Creates predictable/transparent burn pressure.
- Strengthens trust in spotlighted projects.
- Keeps ecosystem engaged with weekly voting cycles and loyalty rewards.
Risks
- Low turnout: Mitigated through loyalty rewards and marketplace visibility.
- Spam submissions: Controlled with dedicated reviewer/moderation.
- Sybil voting: Prevented via wallet gating, vote caps, and $ME requirements.
Outcomes
- 1,000 unique wallets participating in the 12 week trial.
- ~5,000 $ME burned (assuming ~2 votes per wallet across trial)
- 12+ projects spotlighted with Community-Backed Badges.
- Post-trial reports from each winning project.
- Week-to-week retention tracked through loyalty scoring.
Cost Summary
Funding Requested:
- 6,500 $ME (~$4,500 USD at current market price of ~$0.70)
Breakdown:
- Development ………………4,000 $ME
- Branding…………………………150 $ME
- Hosting & Security……………175 $ME
- Moderator / Screener…….1,000 $ME
- Contingency………………….1,200 $ME
Disbursement:
- 100% at project start.
Performance Milestones
- Month 1: MVP is live, first submissions accepted.
- Month 2-4: Voting cycles running, results recorded on-chain.
- End Month 4: KPI report published, community feedback collected.
$ME finally gets real utility + trust boost for new projects. Weekly votes = pure community power, this can hit hard!