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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Corbin Page
@corbin.eth
Burning tokens rarely has the intended effect. Tokens are not rational markets. I’d recommend keeping it in the Treasury and lowing token allocations instead. For Burns, any fee mechanisms should be taken in ETH or stables and used to buy+burn $DEGEN. Creates buy pressure and lowers supply.
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Trebor🎩🟡
@trebor69
Same as what @brixbounty was saying. Sad but true.
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