Magic Eden announced a new revenue distribution scheme that will allocate 15% of the marketplace’s income to the ME token ecosystem starting February 1. The plan introduces a sharing model that combines token buybacks with direct payments to users who stake ME.
According to the platform, 50% of the allocated amount will be used to repurchase ME tokens on the open market, while the remaining 50% will be distributed in USDC to stakers. Stablecoin rewards will be claimable on a monthly basis starting in March.
The scheme directly links marketplace income to the ME token, adding a recurring demand mechanism through buybacks and a cash distribution flow for holders participating in staking. Magic Eden did not disclose estimated volumes or provide projections on the program’s financial impact.
The model will be activated automatically from February and integrated into the marketplace’s operational structure. The Magic Eden team confirmed that the program applies exclusively to the ME token ecosystem and does not alter existing fees or commercial terms for platform users.
Source: https://x.com/MagicEden/status/2013267552827273689
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