Magic Eden commences revenue injection into ME token ecosystem starting February 1st

Magic Eden will allocate 15% of total revenue to support the ME token ecosystem. This change is aimed at fostering long-term value sharing.

The newly allocated revenue will split equally: 50% for repurchasing ME tokens, and 50% for distributing USDC rewards to ME stakers based on their staking volume.

Starting in March 2024, users can claim monthly USDC rewards. Claims must be made within 90 days, or the rewards will lapse.