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The DEGEN Foundation proposes to burn 32.5% of the tokens to address the inflation issue.
[Chain News] On July 29, news came that the DEGEN Foundation is exploring a phased burn of 32.5% of the total supply of DEGEN tokens to address dilution concerns and inflation fears, aiming for long-term sustainability rather than a large-scale airdrop in the future. The foundation is currently seeking community opinions. The DEGEN Foundation plans to steadily burn tokens monthly until reaching a sustainable long-term construction quantity, while rewarding long-term holders. The DEGEN Foundation stated that while it currently holds 32.5% of the token supply, it could use these tokens for future airdrops (such as for the Degen application or other plans), but this would dilute the interests of existing holders, which is not suitable for long-term token holders.