A leading DEX protocol's governance community has just voted to pass an important resolution: to activate the protocol fee mechanism and initiate a token burn plan. This means that its native token will gradually evolve into an asset with genuine value capture capability, rather than just a governance tool.
According to the plan, the protocol will implement a one-time retrospective burn involving 100 million tokens, with a current market cap of nearly $600 million. This move directly changes the logic of the token economic model—through a dual mechanism of fee accumulation and token reduction, the profit potential for token holders is redefined.
For the DEX ecosystem, such innovation has demonstrative significance in improving token incentive mechanisms and increasing long-term holding willingness. The market is generally focused on the subsequent impact of this resolution on the token price and ecosystem participation.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
BagHolderTillRetire
· 12-26 22:58
Damn, 600 million dollars directly burned? Holders must be ecstatic now.
Wait, what does retrospective burning mean? Can I still make up for my missed bottom?
Both fee mechanisms and burning again—I've seen this trick before. In the end, it still depends on who runs away first.
Finally, some DEX takes tokens seriously, unlike certain protocols where governance tokens are just decorations.
Why hasn't the price moved yet? Has no one bought in?
Can this wave really change the supply model? I'm a bit hopeful but also very skeptical.
100 million tokens are gone, and the remaining holders' slices are indeed larger. Logically, it makes sense.
The burning plan sounds good, but market reaction will decide everything.
View OriginalReply0
ChainBrain
· 12-26 22:50
Whoa, $600 million directly burned? That's a pretty harsh move. Is this really just a new way to harvest the little guys?
View OriginalReply0
BlindBoxVictim
· 12-26 22:45
Finally, a project dares to get serious. Burning 100 million tokens is not just talk; now it really feels like a true asset.
Value capture is basically just a different way of distributing dividends. It’s about time they played it this way.
$600 million has been burned just like that. They really have guts... but I do think this logic is promising.
Holders are a bit hopeful this time, but don’t let it be another scam to cut the leeks.
If they can truly follow through, this could set a new standard for DEX.
Wait, what does "burning" mean exactly? Didn’t early investors already lose out...
If this approach continues, what will the token be worth? It all depends on whether the community still sticks together.
View OriginalReply0
ser_we_are_ngmi
· 12-26 22:30
Whoa, 600 million USD just burned? This guy really dares to play, the token holders are all smiles.
A leading DEX protocol's governance community has just voted to pass an important resolution: to activate the protocol fee mechanism and initiate a token burn plan. This means that its native token will gradually evolve into an asset with genuine value capture capability, rather than just a governance tool.
According to the plan, the protocol will implement a one-time retrospective burn involving 100 million tokens, with a current market cap of nearly $600 million. This move directly changes the logic of the token economic model—through a dual mechanism of fee accumulation and token reduction, the profit potential for token holders is redefined.
For the DEX ecosystem, such innovation has demonstrative significance in improving token incentive mechanisms and increasing long-term holding willingness. The market is generally focused on the subsequent impact of this resolution on the token price and ecosystem participation.