Jacek.degen.eth 🎩 pfp
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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dusan pfp
dusan
@ds8
it might have a positive short-term impact on the price, but i always considered token burn a marketing gimmick. it feels lazy and uninspired.
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
the main thing new buyers always ask is who owns that 30% and what it’s for if it’s an airdrop, they feel like they'll just get diluted later so no point buying now if it’s for funding, they assume those tokens will get dumped eventually, same result either way it turns people off pretty quickly
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10 reactions
dusan pfp
dusan
@ds8
i understand the reasoning, but it feels like the good old stated vs revealed. what happened last year, when degen skyrocketed, happened with even more degen reserved for future airdrops tightening supply feels antithetical to (real) tipping seems to me that slow, planned emission could work a little bit better. flat hierarchy distribution (what we have now) is prone to farming, but there could be intermediaries (apps, communities, projects) that could regularly get a piece of the pie and distribute degen more carefully (or sometimes carelessly, but that shouldn't be a problem when it's just one of many) but if you really want to do something drastic, it feels to me that "valentine's day" splurge, the last good bye before tipping goes away could be an interesting experiment to run. onbrand degen.
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4 reactions