The DEGEN Token recently announced a brand new development strategy aimed at optimizing the Token economic model. The core of this strategy is to significantly reduce the circulating supply of the Token through various methods, with an expected decrease from the current 30% of the total supply to 10%.

The plan includes several key initiatives: First, a one-time large-scale burn will take place on August 28. Second, an innovative interactive burning mechanism will be introduced, directly linked to the activity level of community members. Specifically, for each new member added to the Telegram group, 500 DEGEN Tokens will be burned; for each message sent, 50 Tokens will be burned.

In addition, the project team promises to allocate $60,000 of monthly revenue for the repurchase and destruction of tokens, a move that is expected to provide ongoing support for the token price. It is worth noting that August 28 will mark the end of the airdrop and liquidity mining activities, completely halting token inflation.

With the upcoming launch of the SocialFi application, the DEGEN Token is gradually shifting towards a deflationary model. The implementation of this series of measures may have a positive impact on the market performance of the token, driving its value to continue rising. However, investors still need to carefully assess the risks and closely monitor the subsequent developments of the project.