BSH (bshsbr)

Jack says that burning tokens is like throwing money away, but the reality is that the fewer tokens there are, the more valuable they become. Gold’s value comes from its scarcity. Bitcoin is valuable because there are only 20 million tokens in existence. The more tokens there are, the higher the inflation. Similarly, the more money that’s printed, the greater the inflation.

• 1 reply
• 1 recast
• 1 reaction

Tipping might have been an interesting and effective approach at the start of the project, but with the rise of farmers, its impact has faded. If tipping is to continue, I think users should buy $DEGEN themselves and tip others from their own holdings—this way, they’ll understand its value. For example, it might be good to pause the airdrop program for a few months and then introduce a new and different approach. Also, if users buy $DEGEN and tip others with it, only valuable posts with useful content will receive tips—just like how Telegram Stars works. It might also be a good idea to introduce a break period for airdrops, or even reduce the token supply by burning some of it. A new method could be explored to ensure tokens reach new and eager users who haven’t yet discovered $DEGEN.

• 0 replies
• 0 recasts
• 1 reaction

Instead of focusing on airdrops and giving free money to yield farmers, Degen should work on increasing the value of each token so that users view Degen as valuable as gold and do everything they can to buy it. Airdrops are most effective when a project is not yet hyped; once hype sets in, yield farmers flock to the project, and airdrops essentially become pointless.

• 1 reply
• 0 recasts
• 0 reactions

The remaining tokens should be burned as soon as possible, and the project’s focus should shift to enhancing the value of circulating tokens, executing proper marketing, and integrating Degen into projects, stores, and other platforms. Meme coins might initially offer good profits to users through pump-ups, but in the long run, they need to have a solid long-term plan, be practical, and serve real societal needs; otherwise, they are doomed to perish.

• 0 replies
• 0 recasts
• 0 reactions