According to online reports, Apex officially announced that it will launch a token repurchase program, which will use past income to invest US$12 million in a one-time investment for repurchase. The repurchase will begin next week. In addition to the initial US$12 million, 50% of the daily revenue of the ApeX agreement will be used to repurchase APEX tokens from the open market. Over time, the proportion of revenue used for repurchase will gradually increase to a maximum of 90% of total revenue. All repurchased tokens will be transferred and locked to public addresses on the chain.