Magic Eden to Dedicate 15% of Revenue to ME Token Ecosystem

2026-01-19 23:31

Magic Eden has announced that starting February 1, 15% of its total revenue will be allocated to the ME token ecosystem. This initiative will see the revenue split evenly, with 50% used for ME token buybacks and the other 50% distributed as USDC to ME token stakers, based on their staking weights. The new system will replace the existing market-limited ME token buyback program. Staking weights will be determined by the amount and duration of tokens staked. USDC rewards will be claimable monthly, with the first rewards for February available in March. Stakers must claim their rewards within 90 days.

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