Jacek.degen.eth š©
@jacek
1/5: The community has expressed concerns about my recent on-chain sales of Degen. To address this, I've repurchased all recently sold tokens. For transparency, I want to outline my ongoing plans: Currently, 5% of the total token supply is vesting over two years, with no cliff.
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Jacek.degen.eth š©
@jacek
2/5: Demonstrating my commitment to the project, Iām changing my vesting schedule: 5% of Degen tokens will now vest over five years starting tomorrow, which is also my birthday. This adjustment is meant to better align with the project's long-term vision.
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Jacek.degen.eth š©
@jacek
3/5: Moving forward, I will sell off a portion of my vested tokens monthly. This will continue until I have sold 0.75% of the total token supply, at which point I will cease selling. This structured approach is designed to manage market impact effectively.
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Jacek.degen.eth š©
@jacek
4/5: The unsold portion of my vested tokens will be held long-term to maintain my motivation and commitment to the project. I am working with market makers and lawyers to ensure all trades are executed lawfully and ethically, minimizing any negative market impact.
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jon
@sweetleaf.eth
What about doing OTC sales to further manage market impact? We are launching a suite of DeFi tools @ror-defi with OTC markets. Would be really cool to set up periodic sales with zero market impact.
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Amol
@0xamol
Seek out OTC buyers too to reduce market impact of selling iwo Depending on how much other people chip in, I'm happy to buy some @wake.eth @coopahtroopa.eth anyone else who are actual whales? I'm a baby dolphin š
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