Jacek.degen.eth 🎩
@jacek
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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BrixBountyFarm 🎩
@brixbounty
Don’t burn it Imo burn on well established tokens reek of desperation Agree with @zinger on this one If you’ve moved from meme to “project coin” your tied to folks wanting to hold the token cause of what you’re building & shipping. Feel free to slow emissions though https://farcaster.xyz/zinger/0xfdb7e0bd
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BrixBountyFarm 🎩
@brixbounty
@alemac I’ll take the counter to your take.
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Alemac
@alemac
my opinion would be to do nothing –– but if i have to choose between burning or distributing, i prefer the first one, i don't want more free money to people that don't care a shit about the project.
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