TechFlow news — On January 20, NFT marketplace Magic Eden announced that starting February 1, 15% of the platform's total revenue will be allocated to the ME token ecosystem. This revenue will be evenly distributed: 50% will be used to repurchase ME tokens, and the remaining 50% will be distributed in USDC to ME stakers, with allocation based on staking power.
Staking power is determined by both the amount staked and the duration of the stake. Users can claim rewards once per month, with the first distribution scheduled for March (covering February activity). Magic Eden stated that rewards must be claimed within 90 days.
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