Degen: Not participating or supporting some VCs over the counter, will update the Token Economics page soon

Degen clarified in a post on the X platform: The foundation has been using part of the funds to issue call options and generate revenue, which are set well below the out-of-the-money level and only take effect when DEGEN rises. If DEGEN rises part of the options may convert to USDC, which is a way to extend the runway and remain self-funded. At this stage, there is a nominal issuance of about $3 million, but it changes from month to month.
The Binance Alpha airdrop and some fund pool activity came from the Airdrop 3 pool. The Token Economics page will be updated soon. Airdrops have been reduced in the past few months, and the fee subsidy will also be terminated after the launch of the Degen App. However, some venture capital firms tried to trade over-the-counter at discounted prices and then buy and sell in the market. Degen did not cooperate with these companies and did not provide any support.