ApeX launches APEX token buyback program, covering $12 million in initial funds and 50% of future protocol revenue
PANews, September 29 – ApeX Protocol has announced the launch of an APEX token buyback program, utilizing past revenues and making a one-time investment of $12 million to kickstart the initiative. Starting next week, 50% of ApeX Protocol's daily revenue, together with the committed $12 million, will be used to buy back APEX tokens from the open market. Over time, this allocation ratio will gradually increase, eventually reaching 90% of all revenue. The buybacks will occur weekly from the open market starting next week. All repurchased tokens will be transferred and locked to an on-chain public address, fully accessible for community members to view.
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