Magic Eden: Starting February 1st, 15% of Total Revenue Will Be Injected into the ME Token Ecosystem

Odaily News Magic Eden announced on platform X that starting February 1st, 15% of its total revenue will flow directly into the ME token ecosystem. This portion of revenue will be evenly split, with 50% allocated for ME token buybacks and the other 50% distributed to ME token stakers in USDC based on their staking weight.

The specific details are as follows:

1. The existing market-only ME token buyback program will be replaced by this ecosystem-wide system.

2. Staking weight is determined by the amount staked and the duration of the stake.

3. USDC rewards can be claimed monthly, with rewards for February activities first becoming available for claim in March.

4. Rewards must be claimed within 90 days.