PANews reported on September 29th that ApeX Protocol announced the launch of its APEX token buyback program, leveraging past revenue with a one-time investment of $12 million to kick off the program. Starting next week, 50% of ApeX Protocol's daily revenue, along with the pledged $12 million, will be used to repurchase APEX tokens from the open market. This allocation will gradually increase over time, eventually reaching 90% of all revenue. Starting next week, buybacks will occur weekly from the open market. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to community members.PANews reported on September 29th that ApeX Protocol announced the launch of its APEX token buyback program, leveraging past revenue with a one-time investment of $12 million to kick off the program. Starting next week, 50% of ApeX Protocol's daily revenue, along with the pledged $12 million, will be used to repurchase APEX tokens from the open market. This allocation will gradually increase over time, eventually reaching 90% of all revenue. Starting next week, buybacks will occur weekly from the open market. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to community members.
ApeX Launches APEX Token Buyback Program, Covering $12 Million in Initial Funding and 50% of Future Protocol Revenue
PANews reported on September 29th that ApeX Protocol announced the launch of its APEX token buyback program, leveraging past revenue with a one-time investment of $12 million to kick off the program. Starting next week, 50% of ApeX Protocol's daily revenue, along with the pledged $12 million, will be used to repurchase APEX tokens from the open market. This allocation will gradually increase over time, eventually reaching 90% of all revenue. Starting next week, buybacks will occur weekly from the open market. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to community members.
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