The DEGEN Foundation proposes to burn 32.5% of the tokens to address the inflation issue.

robot
Abstract generation in progress

[Chain News] On July 29, news came that the DEGEN Foundation is exploring a phased burn of 32.5% of the total supply of DEGEN tokens to address dilution concerns and inflation fears, aiming for long-term sustainability rather than a large-scale airdrop in the future. The foundation is currently seeking community opinions. The DEGEN Foundation plans to steadily burn tokens monthly until reaching a sustainable long-term construction quantity, while rewarding long-term holders. The DEGEN Foundation stated that while it currently holds 32.5% of the token supply, it could use these tokens for future airdrops (such as for the Degen application or other plans), but this would dilute the interests of existing holders, which is not suitable for long-term token holders.

DEGEN3.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
SchrodingerAirdropvip
· 08-01 07:19
Sold it in loneliness, alas.
View OriginalReply0
LiquidityWhisperervip
· 07-31 03:11
The air is tight, hurry up and enter a position.
View OriginalReply0
quietly_stakingvip
· 07-29 13:25
Not ruthless enough, dumping continues.
View OriginalReply0
LightningSentryvip
· 07-29 13:24
More burn points, not enough.
View OriginalReply0
TrustlessMaximalistvip
· 07-29 13:23
Everyone can afford to play the destruction move now.
View OriginalReply0
ValidatorVibesvip
· 07-29 13:20
finally devs understand supply mechanics... still need a lockup period tbh
Reply0
MidnightTradervip
· 07-29 13:13
Again starting to play people for suckers long-term.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)