gME 🪄
We’ve had an unreal response to the @MagicEden buybacks program but still have a few questions from the community..
So here’s a thread that will help outline and explain what this all means.
Let’s dive in👇
1) 30% of ALL secondary marketplace revenue will go directly toward buying NFTs and $ME
This will be split equally at 15% each.
2) The fees generated from each project will go directly back towards buying that exact collection.
It will always buy the FLOOR listing on @MagicEden
So more volume means more buybacks.
You can track each projects buyback on our website.
3) Every NFT that gets purchased will be stored forever in a public wallet - which we are naming “The Garden of Eden”
This wallet can be found on our website but for those that are curious, the address is..
7wKj9KSUbmpZznoMUfaBc1ZwEz9Gkpw7Eays9RdsqRgg
4) Buybacks on the $ME token will slowly happen over time.
Consider it a DCA each week, slowly taking a % of the token supply off the market.
This can also be tracked on our website!
5) This is just that start of what @MagicEden is building - the future looks incredibly bullish.
This team will continue to prove people wrong and build through the ever shifting world that is web3.
Still fading - couldn’t be $ME
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