BWENEWS: DEGEN Foundation explores phased $DEGEN token burn of its 32.5% total supply to address dilution concerns and inflation fears, aiming for long-term sustainability over future large airdrops; community input sought. | source: Twitter
Formula News: DEGEN Foundation explores phased burning of 32.5% of its total supply of $DEGEN tokens to address dilution concerns and inflation fears, aiming for long-term sustainability rather than future massive airdrops; Community opinions are being solicited from.
$DEGEN
GM Degens,
Curious to hear your thoughts on a potential $DEGEN burn. The foundation currently holds 32.5% of the supply. While we could use it for future airdrops (like for the Degen app or other ideas), that would dilute current holders, which doesn’t feel right for those who’ve been hodling.
We’ll always need some $DEGEN to keep building, but probably not 30%+. And let’s be honest, that big supply has scared off some new users worried about future inflation.
One idea: a phased burn 🔥. Steadily burn tokens monthly until we reach a sustainable amount for years of building, while rewarding long-term holders. We wouldn’t burn everything, but it would shift tokenomics, and likely remove any big airdrops down the line.
What do you think: burn or distribute more to the community?
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