Wu said that NFT trading platform Magic Eden announced that starting from February 1, 15% of the platform's total revenue will be injected into the ME token ecosystem. Among them, 50% will be used for ME buybacks, and 50% will be distributed to ME stakers in USDC. Rewards will be calculated based on the amount and duration of staking. The official stated that the original ME buyback mechanism, which was limited to market operations, will be replaced by a revenue recirculation system covering the entire ecosystem.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wu said that NFT trading platform Magic Eden announced that starting from February 1, 15% of the platform's total revenue will be injected into the ME token ecosystem. Among them, 50% will be used for ME buybacks, and 50% will be distributed to ME stakers in USDC. Rewards will be calculated based on the amount and duration of staking. The official stated that the original ME buyback mechanism, which was limited to market operations, will be replaced by a revenue recirculation system covering the entire ecosystem.