Degen

Father & Husband | Passionate about Web3 & NFTs | Eager to Learn More | Powered by /base /degen /degentlemen /farworld 
Building /advantage-hub /citylens

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?

Should We Burn $DEGEN? 🔥

https://farcaster.xyz/jacek/0x044bf2ed

daddy.⌐◨-◨  daddy.degen.eth 🌐🔗(#202) ΞTHΞRΞUM 🌈  Steelers 🏈 🐸🎩

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

https://farcaster.xyz/brixbounty/0x889cc5ab

brypto

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

Locking isn’t the same as burning, those tokens still exist, and people notice when FDV doesn’t match the market cap. Eventually, the question becomes: what happens when they unlock?

Also, do you have any data to back the idea that burning doesn’t impact price? Genuinely curious if there’s research on that.