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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Tekrox.eth
@tekrox.eth
What about launching a DAO? 30% Degen supply would be treasury. Small team of delegates decides what to do with degen. Grants, chains, apps etc. finding way to grow token and community. All governance on chain, and transparent.
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Jacek.degen.eth 🎩
@jacek
there actually is a Degen DAO already, but it’s kind of been abandoned at this point. never really got off the ground in any meaningful way.
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0xJudd.eth 🎩↑
@0xjudd.eth
Terrible take. Degen DAO funded several successful projects and helped scale several others. Solid treasury still in place, deep 6 figs.
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cosmic-thinker.eth 🎩
@daddysgotit.eth
Pfft whatttttt https://farcaster.xyz/purp/0xeea3a7b8
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