Golden Finance reported that the Degen protocol is discussing a token burning proposal. Currently, the foundation holds 32.5% of the total supply and is considering gradually dropping the token supply through monthly burns. The proposal aims to optimize the token economic model while retaining necessary shares for the project's ongoing development. The foundation stated that this move will reduce the possibility of large-scale airdrops in the future and lower inflation expectations. Community members generally support the proposal. The specific burning schedule and amounts are yet to be determined.
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The Degen protocol is considering implementing a token burning plan.
Golden Finance reported that the Degen protocol is discussing a token burning proposal. Currently, the foundation holds 32.5% of the total supply and is considering gradually dropping the token supply through monthly burns. The proposal aims to optimize the token economic model while retaining necessary shares for the project's ongoing development. The foundation stated that this move will reduce the possibility of large-scale airdrops in the future and lower inflation expectations. Community members generally support the proposal. The specific burning schedule and amounts are yet to be determined.