Degen

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?

good idea

burn 1% each month for the next 6 months

Head of Crypto at https://www.lazertechnologies.com/  // Founder @skycastle // based at @basedevo // Conductor at @choochoo // Always working on cool shit

SKYCASTLE

I think for a burn to be positive and actually make an impact then it needs to happen relatively fast

If anything, I'd push for 2% each month over 3 months

I don't think anything should last longer than 6 months and even that feels too long