The head DEX governance proposal has been finalized, and the token burn plan is officially underway.
Good news — the community vote has overwhelmingly approved this key proposal, and the burn operation will be executed tomorrow.
Core contents of the proposal: 🖤 Burn 100 million governance tokens, accounting for 10% of the total supply 🖤 Activate fee switching functionality 🖤 Officially stop charging fees from the app, website, and wallet interfaces
The market response has been quite positive; since the proposal was published, the related tokens have increased by approximately 20%. However, there is a risk point to note — during large-scale burns, market volatility may be quite intense. If you hold leveraged positions, it is recommended to manage risks in advance and avoid being liquidated due to a black swan event.
⚠️ Disclaimer: The above is for market observation sharing only and does not constitute any investment advice.
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GateUser-3824aa38
· 23h ago
Destroying 10% sounds like a lot, but we'll see if tomorrow's execution turns into another leek-cutting show...
The positive hype has already gone too far; those who are buying in now should be cautious.
This is the easiest time to cause a dump; don't be greedy with leveraged positions.
With so many good news, why does it feel even more dangerous...
All fees waived? That logic is a bit absurd; where does the money come from?
A 20% increase and you want to run? I advise you not to be too optimistic.
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IntrovertMetaverse
· 12-26 10:51
Destroying 10% is indeed a tough move, but the real test is whether we can maintain this momentum afterward.
Just go for it tomorrow. I'm a bit excited but also a bit scared. Large fluctuations can easily lead to being cut.
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EyeOfTheTokenStorm
· 12-26 10:50
I've seen too many of these "positive news" before. A 20% increase often masks institutional accumulation. Burn does not equal value return. Don't be fooled by superficial prosperity.
Burn tomorrow? This timing is a bit suspicious. Usually, such operations are scheduled during the most liquid periods to avoid manipulation.
A 10% burn sounds impressive, but it depends on the specific mechanism. What truly drives the price up is fundamental improvement, not just a simple reduction in supply.
It feels like another wave of "technical outlook positive, fundamentals vague" market. My quantitative model shows that this kind of trend usually experiences a correction within 72 hours. Everyone, watch your stop-losses.
Those still willing to leverage now are really brave. I've already minimized my position, waiting to see how this drama unfolds.
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SatsStacking
· 12-26 10:46
Burn 10%? That only slightly reduces the supply, but it depends on whether anyone dumps the market afterward.
Wait, it's happening tomorrow? I need to quickly reduce leverage.
You only mention the risk after a 20% increase? Why didn't you say anything earlier?
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FancyResearchLab
· 12-26 10:42
Another theoretically feasible destruction plan. Let's see if the contract execution tomorrow will lock itself again.
Wait, stop charging? How can it still rise by 20%... I'll try this smart trap first, do a small experiment to see if there are any hidden cancel operations.
Leverage brother, run quickly, don't wait for a black swan. Even one destruction can cause you ten limit-downs.
The head DEX governance proposal has been finalized, and the token burn plan is officially underway.
Good news — the community vote has overwhelmingly approved this key proposal, and the burn operation will be executed tomorrow.
Core contents of the proposal:
🖤 Burn 100 million governance tokens, accounting for 10% of the total supply
🖤 Activate fee switching functionality
🖤 Officially stop charging fees from the app, website, and wallet interfaces
The market response has been quite positive; since the proposal was published, the related tokens have increased by approximately 20%. However, there is a risk point to note — during large-scale burns, market volatility may be quite intense. If you hold leveraged positions, it is recommended to manage risks in advance and avoid being liquidated due to a black swan event.
⚠️ Disclaimer: The above is for market observation sharing only and does not constitute any investment advice.