
PANews|Jun 23, 2025 01:42
Degen: Not participating in or supporting off exchange trading of certain VCs, will soon update the token economics page
Degen stated in an article that the foundation has been using a portion of its capital pool to sell call options and generate revenue in order to extend the term of fund use and maintain self raised funds. The exercise price of the option is much higher than the current price, and it will only be triggered when the DEGEN price rises. After triggering, it may partially convert to USDC.
Currently, approximately $3 million worth of nominal options have been sold, and the monthly figures vary. The funds for Binance Alpha airdrop and some fund pool activities come from the airdrop 3 fund pool. The token economics page will be updated soon, and the plan is to tilt resources towards ecological construction and future development. Airdrops have been reduced in the past few months, and tips and allowances will be discontinued after the launch of the Degen app.
However, some venture capital firms attempted to trade off the exchange at discounted prices and then buy and sell in the market, and Degen did not cooperate with these companies or provide any support.
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