Apex will launch a buyback program next week with an initial investment of $12 million.
According to ChainCatcher, Apex has officially announced the launch of a token buyback program, allocating a one-time investment of $12 million from previous revenues for the buyback.
The buyback will begin next week. In addition to the initial $12 million, 50% of ApeX protocol's daily revenue will subsequently be used to repurchase APEX tokens from the open market. Over time, the proportion of revenue used for buybacks will gradually increase, up to a maximum of 90% of total revenue. All repurchased tokens will be transferred and locked in an on-chain public address.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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