Degen founder responds to recent token sell-off: has repurchased all recently sold tokens and will extend the personal token vesting plan to 5 years
ChainCatcher news, on May 15, Degen founder Jacek responded to the recent token sell-off. Jacek stated that he has repurchased all the tokens that were recently sold and has adjusted the linear release of the tokens belonging to him (which account for 5% of the total supply) from two years to five years, starting tomorrow (which is his birthday), to demonstrate his long-term commitment to the project.In addition, Jacek will sell a portion of the tokens that are allocated to him each month until the total amount sold reaches 0.75%, after which he will no longer sell. The unsold allocated tokens will be held long-term to maintain his engagement. Jacek also mentioned that he is working with market makers and lawyers to ensure that all transactions are legal and compliant, minimizing negative market impacts. If the community still has concerns about whether he aligns 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 he will continue to participate and contribute to the shared success.