General acquisition questions
Q: What is happening with Slingshot?
A: Slingshot has been acquired by Magic Eden. This acquisition allows us to accelerate product development and enhance our trading experience while maintaining our commitment to fast, efficient, and transparent DeFi trading.
Q: Will Slingshot stay independent or become part of Magic Eden’s platform?
A: Slingshot and Magic Eden will continue to operate as separate platforms.
Q: What is the difference between Magic Eden and Slingshot?
A:
Slingshot – A cross-chain, mobile-first trading app where you can trade 8M+ tokens without bridging.
Magic Eden – The #1 NFT marketplace, #1 Bitcoin dApp, and robust cross-chain crypto wallet.
Q: Will there be any changes to Slingshot’s existing products or services?
A: Slingshot will continue to function as usual. All existing features and trading flows will remain the same. There are plans for experience enhancing products and new chains in the near future
Q: Do I need to take any action?
A: No action is required. Your access to Slingshot remains unchanged.
Slingshot and token questions
Q: Will Slingshot have its own token?
A: There are no plans for a token at this time. We will be focused on the core Slingshot product for the foreseeable future.
Q: Does Slingshot activity earn me $ME?
A: Currently, Slingshot activity does not contribute to $ME emissions. However, Magic Eden is expanding swap functionality to Slingshot, and we will explore ways to integrate incentives in the future.
Q: Is there a referral program for Slingshot and/or Magic Eden?
A: Slingshot referrals will still have the same user flow, with some major upgrades. USDC referrals are launching soon and users will be able to earn USDC rewards by referring friends to trade tokens on Slingshot. Other referral programs across the broader Magic Eden ecosystem may be explored in the future.
Q: Do the old Slingshot NFTs (e.g., Slingshot 2099, Dolphin collection) have any current or future value post-acquisition?
A: These NFTs were part of previous community experiments and are not part of our current roadmap. While we appreciate the early support from Slingshot users, these assets do not have any official utility or guaranteed value moving forward. Please avoid speculation, as we will not be assigning or announcing any utility related to these collections at this time.
Impact on trading and products
Q: Will there be changes to fees?
A: No, there are no changes to Slingshot’s fee structure. Any future updates will be communicated in advance.
Q: Will Slingshot integrate with Magic Eden’s trading tools?
A: Both Slingshot and Magic Eden will operate as they currently are, as separate platforms. Any future integrations will be announced when available.
Q: Will I need to migrate my Slingshot account to Magic Eden?
A: No, your Slingshot account remains unchanged, and there is no need for any migration.
Q: Will Slingshot eventually be folded into Magic Eden?
A: No, there are no plans to fully integrate Slingshot into Magic Eden. Both platforms will continue serving their respective communities.
Q: Can I still use my Magic Eden wallet?
A: Yes– There are no changes or impact to Magic Eden wallet
Security and compliance
Q: Is my data safe?
A: Yes, your data and funds remain secure. The acquisition does not affect Slingshot’s commitment to security and user privacy.
Q: Will Magic Eden now control my funds?
A: No, your funds remain in your self-custodial wallet. Slingshot continues to operate as a decentralized platform.
Q: Will there be KYC or regulatory changes?
A: No changes are planned for Slingshot’s compliance policies at this time.
Support and community
Q: Where can I ask questions about the transition?
A: You can reach out through our official community channels:
Help Center: https://help.slingshot.finance
Telegram: https://t.me/+VuXFJthSxe0xYWQx
Discord: https://discord.gg/slingshot
Twitter (X): https://twitter.com/SlingshotCrypto
Q: Will Slingshot’s Discord remain active?
A: Yes, Slingshot’s community channels will remain active to support users and provide updates.
Q: How do I report any issues during the transition?
A: Please submit a ticket through our Help Center: https://help.slingshot.finance