Leading NFT platform, Magic Eden, has just announced a revolutionary step that could change the game for ME token holders. Starting February 1st, they will allocate 15% of the entire platform's revenue directly to strengthen the ecosystem and provide returns to the community.
What does this mean? Each month, half of those funds will be used to buy back ME tokens from the open market, a move that could potentially support and stabilize the price. The other half? Directly distributed to stakers in the form of USDC, a stable digital currency.
Interestingly, this reward system is designed to be increasingly beneficial for long-term loyalists. The weight of staking is not only determined by the amount of ME tokens staked but also by the duration of your staking. The longer and more you stake, the larger the portion of monthly USDC rewards you can claim.
The claim mechanism is designed to be user-friendly. Rewards for February activities can be claimed starting in March, and you have 90 days to claim them. This is a significant improvement from the previous buyback mechanism, which is now transforming into a full ecosystem revenue distribution system.
This announcement is clearly a strong signal from Magic Eden. They are not only committed to platform development but are also genuinely providing value back to the core community that supports their network. For investors and loyal users, this is an opportunity to earn passive income while contributing to the strength of the ecosystem.
Will this be a new driver for long-term demand and engagement with the ME token? Time will tell. One thing is for sure: the stakes are now higher.
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