MixMarvel Announces 'MIX Token Buyback Program'... "To Support Ecosystem Growth"

MixMarvel, a blockchain-based global game publishing platform, announced on the 21st that it will start the 'MIX Token Buyback Program'.

The buyback will be conducted regularly every month on the virtual asset exchange Bithumb. Specifically, 30% of the monthly revenue from the MixMarvel ecosystem will be allocated to the MIX token buyback. A MixMarvel representative explained, "The average monthly revenue of MixMarvel is about $1.5 million," and "30% of this will be used for token buyback to achieve community activation and sustainable growth."

According to the fund allocation plan for this buyback program, 70% of the total funds will be allocated to the treasury to support the MixMarvel ecosystem, and the remaining 30% will be allocated to staking rewards. Treasury funds will be used to provide rewards to MixMarvel developers and to fund ecosystem development, such as game development and the release of new features. Through this, MixMarvel plans to promote sustainable growth of the ecosystem.

Furthermore, they expressed their intention to strengthen community participation through staking rewards. MixMarvel stated, "Through staking rewards, we will encourage MIX token holders to participate in staking to increase user participation within the ecosystem," and "More rewards and voting opportunities will be provided depending on the size and duration of staking." They also added their goal to achieve both decentralization and activation of the community.

Meanwhile, the MIX Token Buyback Program is expected to contribute to the value increase of the MIX token. MixMarvel stated, "The ultimate goal of the MIX buyback program is to increase the value of MIX," and "We will reduce the token circulation and increase scarcity through buybacks." They emphasized, "We will repay the community's support with continuous support for the ecosystem."