Announcement about the financial strategy of the Degen platform in the cryptocurrency market
Policy on fund usage and maximizing profits from options contracts
The Degen platform has implemented measures to enhance revenue streams without relying entirely on regular mining activities. They have sold a total of approximately 3 million USD in call options with a strike price much higher than the current price of the DEGEN Token. This plan helps maintain a reserve fund while generating a steady income stream. This process is only activated when the price of the DEGEN Token spikes. A portion of the options may be convertible to USDC when market conditions are favorable. These activities support liquidity and financial stability for the platform.
Long-term development and resource allocation strategy
The fund for airdrop 3 has become the main source of funding for Binance Alpha's activities and projects in the pool fund. In the coming period, the tokenomics description page will be updated to reflect the new strategy. Development plans will focus on building a sustainable ecosystem and expanding the network. After a period of reducing airdrop events over the past few months, the platform plans to stop supporting tips once the Degen application officially launches. This aims to optimize resources and focus on long-term community development.
Cooperation and activities in the OTC market
In the OTC market, some venture capital funds have tried to buy DEGEN Tokens at a discount and sell them in the market. However, the Degen platform asserts that there is no official collaboration with these entities and does not support this trading activity. These strategies aim to ensure transparency and protect the investor community from potential risks in unofficial activities. For investors and users, understanding these policies is key to making informed decisions in the volatile cryptocurrency market.
Source: https://tintucbitcoin.com/degen-cap-nhat-kinh-te-token-khong-otc-vc/
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