Many friends have asked me what impact this $apex buyback will have.
I first asked asksurf, and the evaluation felt that the short-term increase has already been realized. The subsequent price movement will depend on apex's protocol revenue.
Excluding the $12 million, apex's protocol revenue is currently less than $50,000 a day, which is still relatively low.
But I think this is just the first step of a series of moves, and there will be new trading mining initiatives launched to boost protocol revenue.
So remember, if the trading volume increases, it will significantly raise the coin price.
#APEX
Announcing the $APEX Token Buyback Program
To reinforce our long-term commitment to the ApeX Protocol ecosystem and ensure our community directly benefits from the value created, we are excited to introduce the APEX Token Buyback Program. We will be kicking off this initiative with a one-time commitment of $12,000,000 using past revenue.
21.66K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.