ApeX announced the launch of the APEX Token buyback program, covering an initial fund of $12 million and 50% of future protocol revenue.

On September 29, Perp Dex ApeX announced the launch of the APEX Token buyback plan, with the official using past income to invest a one-time amount of $12 million to initiate the plan. Starting this week, 50% of the daily income from the ApeX protocol will be used to buy back APEX tokens from the public market. Coupled with the committed $12 million, the buyback ratio will gradually increase over time, reaching up to 90% of total income. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to the community.

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