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