Apex will launch a buyback plan next week, with an initial investment of 12 million dollars

ChainCatcher message, Apex officially announced the launch of a token buyback plan, which will utilize past revenue to invest a one-time amount of $12 million for the buyback.

The buyback will start next week. In addition to the initial $12 million, 50% of the daily revenue from the ApeX protocol will be used to buy back APEX tokens from the open market. Over time, the proportion of revenue used for buybacks will gradually increase, reaching up to 90% of total revenue. All repurchased tokens will be transferred and locked to a public on-chain address.