[Chain News] PANews reports that a user on a certain platform stated that the foundation has been selling call options with part of its funds to extend the use of funds and maintain self-raised funds. The option strike price is much higher than the current price and will only be triggered when the DEGEN price rises, after which part of it will be converted to USDC. Currently, about 3 million USD nominal options have been sold, with the number changing each month. The airdrop and part of the fund activities of a certain trading platform come from the Airdrop 3 funding pool, and the tokenomics page will be updated soon, with plans to allocate resources towards ecological construction and future development. Over the past few months, airdrops have been reduced, and after the Degen application goes live, the small fee allowance will be stopped. However, some venture capital firms are trying to buy at a discount in OTC Trading and then dump on the market. Degen has no cooperation with these companies and has not provided any support.
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The Degen Foundation generates revenue through options strategies, reduces airdrops, and adjusts fund allocation.
[Chain News] PANews reports that a user on a certain platform stated that the foundation has been selling call options with part of its funds to extend the use of funds and maintain self-raised funds. The option strike price is much higher than the current price and will only be triggered when the DEGEN price rises, after which part of it will be converted to USDC. Currently, about 3 million USD nominal options have been sold, with the number changing each month. The airdrop and part of the fund activities of a certain trading platform come from the Airdrop 3 funding pool, and the tokenomics page will be updated soon, with plans to allocate resources towards ecological construction and future development. Over the past few months, airdrops have been reduced, and after the Degen application goes live, the small fee allowance will be stopped. However, some venture capital firms are trying to buy at a discount in OTC Trading and then dump on the market. Degen has no cooperation with these companies and has not provided any support.