Magical Elements

Magic elements (street names: ME, magic dust, cocaine, boxie's powder, oli oli oxen blow) is a unique type of currency used in many different ways throughout the game.

Getting Magic elements

Magic elements can be acquired in a variety of ways: Using Magic elements
 * Global drop from tradeskilling, amount is variable and based on your global level.
 * Disenchanting/selling gear with enchants on it. Can be done using the bulk sell feature.
 * Keys can give 2.5k (common), 5k (uncommon), 15k (rare), or 25k (legendary) magic elements.
 * Naval treasure expeditions can being back varying quantities of ME based on SP points used.
 * Purchased from the market.

Magic elements were first implemented for use in enchanting, but subsequent updates gave them expanded use in naval expeditions and buildings on personal islands.
 * Enchanting equipment takes ME that scales based on the level of the enchant and the tier of the equipment.
 * Upgrading the sail for naval expedition boosts.
 * Building on the personal island (except gambler's hut and beacon).
 * Merging islands together (25m ME per merge)