Degen Protocol Considers Implementing Token Burn Program

According to Jinse Finance, the Degen protocol is currently discussing a token burn proposal. The foundation currently holds 32.5% of the total supply and is considering gradually reducing the token supply through monthly burns. The proposal aims to optimize the tokenomics while retaining a necessary portion for the ongoing development of the project. The foundation stated that this move will reduce the likelihood of large-scale airdrops in the future and lower inflation expectations. Community members are generally supportive of the proposal. The specific schedule and amount for the burns have yet to be determined.