Degen: We do not participate in or support certain VC’s OTC transactions, and will update the token economics page soon

PANews reported on June 23 that Degen posted on the X platform that in order to extend the use period of funds and maintain self-financing, the foundation has been using part of the fund pool to sell call options to generate income. The option strike price is much higher than the current price, and it will only be triggered when the price of DEGEN rises. After the trigger, part of it may be converted to USDC. Currently, about 3 million US dollars of nominal options have been sold, and the monthly figures change. The funds for Binance Alpha airdrops and some fund pool activities come from the airdrop 3 fund pool. The token economics page will be updated soon, and subsequent plans will tilt resources towards ecological construction and future development. Airdrops have been reduced in the past few months, and the tipping allowance will be stopped after the Degen application goes online. However, some venture capital companies have tried to trade at a discount in the over-the-counter market and then buy and sell on the market. Degen has no cooperation with these companies and has not provided any support.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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