Magic Eden to Raise ME Token Revenue Share for Buybacks to 30% in Q3
According to the company’s March 23 statement, the core revenue share allocated to ME token buybacks and staker distributions will increase from 15% to 30% in the third quarter.
CORE
Summary
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Terms & Concepts
Token buyback: A process where a project uses revenue or treasury funds to repurchase its own token from the market.
Staker distributions: Rewards paid to users who participate in staking (locking crypto to earn rewards) under a network or platform incentive system.
Revenue share: A model that allocates part of a platform’s income to specific uses such as token buybacks or user rewards.