On January 20th, the Non-Fungible Token trading platform Magic Eden announced a significant change regarding its native Token , ME, a move XEM as a strategic step to increase long-term value for the ecosystem. According to the latest announcement, starting February 1st, Magic Eden will dedicate 15% of its total platform revenue to directly reinvesting in the ME ecosystem, including Token buybacks on the market and reward distribution to Staking participants.
Specifically, this revenue will be Chia equally into two parts. Half, equivalent to 50%, will be used by Magic Eden to repurchase ME Token directly on the open market. The remaining half will be distributed to ME Staking participants in USDC, based on the Staking weight of each address. This weight is determined by both the amount of ME Token Stake and the Stake lock-up period, thereby encouraging users to hold Token long-term rather than just Stake for short-term rewards.
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Notably, this ME buyback mechanism is no longer limited to marketplace transaction fees as before. Instead, Magic Eden has upgraded the model to a revenue distribution mechanism across the entire ecosystem, clearly reflecting its ambition to build a more sustainable Token Economy , closely linking the interests of users, investors, and the platform itself. This is a growing trend in the crypto industry, as many projects shift from "Token for trading only" to "Token linked to real cash flow."
