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

Magic Eden announced on January 19 that starting February 1, 15% of its revenue will be directly injected into the ME token ecosystem. This portion will be split evenly: 50% will go toward repurchasing ME tokens on the open market, while the other 50% will be distributed to ME stakers as USDC based on their staking weight. The existing ME buyback mechanism (which previously only covered market trading fees) will be upgraded to a full-ecosystem revenue distribution system. Staking weight is determined by the amount of ME staked and the duration of the stake. USDC rewards can be claimed monthly—with the first claim (covering February activity) opening in March—and rewards must be claimed within 90 days.