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Degen founder responds to recent token reduction: All recently sold tokens have been repurchased and the personal token vesting plan will be extended to 5 years
2024-05-15 14:42:14
Odaily News Degen founder Jacek responded to the recent token reduction. Jacek said that he has repurchased all recently sold tokens, and adjusted the linear release of his personal tokens (5% of the total) originally scheduled for two years to five years, starting tomorrow (his birthday), to show his long-term commitment to the project. In addition, Jacek will sell a portion of the monthly vested tokens until the cumulative sales of 0.75% of the total amount are reached, and will no longer reduce his holdings. Unsold vested tokens will be held for a long time to maintain their enthusiasm. Jacek also said that he is working with market makers and lawyers to ensure that all transactions are legal and compliant to minimize negative market impacts. If the community still has concerns about whether it is aligned with the collective goals, Jacek is willing to make further adjustments. He reiterated that Degen is committed to building a sustainable long-term future and that he will continue to participate and contribute to common success.