The post Magic Eden sets aside 15% of revenue for buybacks, staking rewards appeared on BitcoinEthereumNews.com.

According to an official post it shared via its X page, Magic Eden, a star from the NFT boom era, will now allocate 15% of all platform revenue to buybacks and staking rewards as of next month to redistribute value in the $ME token ecosystem.  The new program is a spinoff of its earlier buyback program, which started in late 2025 and initially focused 15-30% of fee revenue generated from the secondary marketplace on the $ME token and NFT repurchases. Magic Eden unveils buybacks and USDC staking rewards  This new model expands on that. It is scheduled to take effect from February 1 and will cover revenue from the entire platform, including NFTs, packs, predictions, and other features.  “The goal is simple. When Magic Eden wins, the ecosystem wins too,” the announcement shared on X read. It also revealed the revenue will be split evenly, with 50% going to $ME buybacks while the other 50% will be distributed as USDC rewards to $ME stakers, based on staking power.  The post claims that the existing marketplace-only $ME buybacks are being replaced by this ecosystem-wide system, and staking power is determined by how much users stake and how long they stake it.  The USDC rewards will reportedly be claimable monthly, with the first claim to be made available in March for February activity. Those rewards will remain available for 90 days after that and must be claimed within that time frame.  The post did not elaborate on what will happen to unclaimed rewards after that time lapses.  The hybrid model has caught the interest of community members as it rewards long-term holders with real USDC yield, which could encourage fresh inflow and also reduce sell pressure on the token itself, all while providing buy support.  Some analysts estimate it could also deliver…

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Filed under: News - @ January 19, 2026 8:25 pm