@gunkiejay
gm,
šµ Here's some tokenomics for you:
Metaplex charges fees in SOL for its various services.
āļø As of May 2024, the Metaplex protocol accumulated 103,304 SOL in fees, which were stored in the DAO.
āļø Starting in June, buybacks of the $MPLX token began, using 50% of current revenue plus historical revenue collected up to May 2024:
āļø In June, $MPLX buybacks totaled 10,000 SOL, with 4,490 SOL from protocol revenues and 5,510 SOL from historical revenues.
For July, the buyback was also 10,000 SOL.
This 10,000 SOL is worth approximately $1.7M, bringing the year-to-date total to $20M.
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