BlockBeats News, January 19th, Magic Eden announced that starting from February 1st, 15% of its revenue will be directly injected into the ME token ecosystem. This portion of the revenue will be evenly distributed, with 50% used to buy back ME tokens on the open market and 50% distributed to ME stakers in the form of USDC based on staking weight.
The existing “market-only trading fee” ME buyback mechanism will be upgraded to cover a full-ecosystem revenue distribution system. Staking weight depends on the staking amount and duration. USDC rewards can be claimed monthly, with the first claim (corresponding to the February activity) opening in March. Rewards must be claimed within 90 days.
