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#DEGEN代币经济模型# This news makes me anxious. The phased token burn sounds like a good plan, but the motives behind it are worth pondering. I have experienced too many projects that initially vowed to consider the community, but in the end? It was just to inflate the coin price, allowing Large Investors to cash out at high positions.
The DEGEN Foundation says it wants to reward long-term holders, but I've heard such talk so many times that it's getting old. If they really want to reward, why not directly airdrop to old users? Burning tokens seems to reduce supply, but in reality, it doesn't provide any substantial benefits to ordinary investors.
I advise everyone to stay vigilant and not be blinded by sweet words. Pay close attention to the actions of the project team and see if they are genuinely working for the development of the community, rather than just playing numerical games. Remember, in this circle, no one will be nice to you for no reason. Protecting your assets is the most important thing.