ApeX has announced the launch of the APEX Token Buyback Program, covering a $12 million initial fund and 50% of future protocol revenue.

BlockBeats News, September 29th, Perp DEX ApeX announced the launch of the APEX token buyback program. The official team will make a one-time investment of $12 million from past revenue to kickstart the plan. Starting this week, 50% of ApeX Protocol's daily revenue will be used to buy back APEX tokens from the open market, in addition to the committed $12 million. Over time, the buyback ratio will gradually increase, potentially reaching up to 90% of total revenue. All repurchased tokens will be transferred and locked into an on-chain public address, visible to the community.