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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Colton Dillion 🃏🎩
@cadillion
IMO, burning treasury never increases price, you gotta use the funds to increase demand for the token (ie more rewards for creating virtuous currency loops) or to move existing liquidity into a sink (ie lock up tokens that are already exchangeable in beefy or aero) What's the virtuous currency loop for the DEGEN app?
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Jacek.degen.eth 🎩
@jacek
The burn isn’t about pumping price but aligning the community around shared goals. Instead of inflating via airdrops, we’re burning while driving real growth: more Twitter followers, TG members, and app waitlist signups. It’s like ads without selling DEGEN. The app itself will focus on tipping and creator rewards, we started that trend and will keep pushing it forward albeit without airdrops.
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juliettemeon 🎩
@juliettemeon.eth
the result?
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