Degen

1/5: The community has expressed concerns about my recent on-chain sales of Degen. To address this, I've repurchased all recently sold tokens. For transparency, I want to outline my ongoing plans: Currently, 5% of the total token supply is vesting over two years, with no cliff.

re, Jacek sales, lockup, and alignment:

>bought back all recently sold $DEGEN
>changed vesting from 2 to 5 years
>will sell monthly, stopping at 0.75% of supply
>remainder will be held "long term"
>tomorrow is @jacek's birthday 🎂

we stir, grow restless | wake.bsky.social

father, meditator and programmer. jpfraneto.substack.com

one of the biggest takeaways of farcon was to talk to this dude and see how cool he is

bullish af 🎩

metal casting, 3d prints,
AI, robotics and mashups of all of these things.

its so odd people freak out when founders sell even a tiny fraction of what they have.

Building | Ex Managing Director @CoinList, Research @Messari | 🇹🇼🇺🇸

If $DEGEN hits $1, it's because of stuff like this. From him, from everyone 🫡

My man’s heart is too pure. Hats off to him

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Rome, Metropolitan City of Rome Capital, Italy

okay... it happens, yes... it wasn't a good moment, 😅 but anyway at least it made everything clear... transparency is important, especially when you trust such a large and diverse human masses

It's part of the game. Jacek's accidentally timely sale came during a market downturn and after the L3 was down for several days. Bad timing (fine) but good fud fertilizer.

TBC: fud is a normal and necessary part of the game. Jacek just made it easy 😆

he's not a bad guy... 
those who bring up such talk (I mean talk about suspicious sales) are probably not so honest... and probably judge for themselves...

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Spreading Immaculate Vibes ✨
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I admire the transparency and understand his action too. I feel frustrated about the timing. L3 chain stoped over 3 days. As a blockchain, this should be the most important issue to take care of. There are dapps that work really serious on the Degen Chain like us.

Sure; sometimes distasteful, but common and likely to get worse as socialfi finds its way, culturally. 

A game of games.

I'm thankful he did, but no, it's not necessary. They're his tokens to do with as he pleases and the market gets to deal with whatever information profile he makes available (or doesn't).

Thoughts on point 1? 

Is a community wallet-watching and peer pressuring to rebuy part of the game?

Should he have communicated like this in the first place?

Passionate about the intricacies of finance, crypto, and the elegant logic of mathematics.
Founder of @justreadit.eth
www.justreadit.build




😂😂😂 then ppl cant see my beautiful hair 
I think a purple dress would do it

jacek says the hat must stay on

kidding aside

advance happy birthday @jacek !

what a legend @jacek, things like this shows you the type of hands guiding us and keeps everyone motivated. Well played

tl;dr we don't deserve him. Hat permanently affixed

Birthday tomorrow, there rest... we just gotta let the man live. He's done right by holders and gives vibes he'll continue to do so.

Jacek is whoever he thinks he's . He deserves his accolades 👏