Magic Eden: Starting from February 1, 15% of revenue will be used for ME token buybacks and ecosystem development

According to official news, Magic Eden announced that starting from February 1, it will directly invest 15% of its revenue into the ME token ecosystem. This portion of 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 original "market transaction fee only" ME buyback mechanism will be upgraded to a revenue distribution system covering the entire ecosystem. Staking weight depends on the amount staked and the duration of staking. 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.