According to news from the NFT trading platform Magic Eden last night, starting from February 1, 15% of the platform's total revenue will be allocated to the ME token ecosystem. This portion of revenue will be evenly divided, with 50% used to repurchase ME tokens and the remaining 50% distributed in USDC to ME token stakers, with the distribution ratio based on staking capacity. Staking capacity will be determined by both the number of tokens staked and the staking duration. Users will be able to claim rewards once a month, with the first distribution opening in March (for February activity). Magic Eden stated that rewards must be claimed within 90 days.
Magic Eden Allocates 15% Revenue to ME Token Ecosystem, 50% for Buybacks, and 50% for Stakers
TechFlowShare
Summary
Magic Eden announced new token listing plans, allocating 15% of platform revenue to the ME token ecosystem starting February 1. Half of this allocation will be used for ME token buybacks, while the other half will be distributed in USDC to stakers based on their staking capacity. Staking capacity is determined by the amount of tokens staked and the duration of the stake. Monthly rewards for February activity will begin in March, with claims valid for 90 days. The news about the token launch highlights Magic Eden's ongoing efforts to enhance ME token utility and user engagement.
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