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Jacek.degen.eth 🎩
@jacek
GM Degens! Check out BabyDegen—it’s an awesome token idea! The main liquidity is paired with $DEGEN on Base, driving demand for $DEGEN (pro tip: more meme tokens should follow this 💡). Plus, there’s a 5% buy/sell tax redistributed to holders. Cool implementation! More details below.
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Ramsey 🎩🤝
@ramsey
Generally, I dislike the "tax" and burn tokens. They bring nothing of value, if there is just tax and burn in it. It's Safemoon and whatstheirname tokens/coins back in 2021. Plenty of people have been hurt by these, and people in this space are quick to forget. Also, If, by some chance, it is listed to any CeX, this mechanic is no longer working for buys/sells on the CeX (no reasonable CeX would allow this). I'd not recommend this to anyone, at least not without understanding what it is and how it works.
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Ramsey 🎩🤝
@ramsey
Just a follow up (where not everything is so doom-y), read this as well, @dylmusic explain a bit more deets https://warpcast.com/dylmusic/0x245e109c
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Dyl 🎩🎰🎶
@dylmusic
thank you for looking into the project! I think its cool, and a bit different from the old school reflection tokens. Hopefully we can create something great for holders, and great for DEGEN holders too.
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Ramsey 🎩🤝
@ramsey
yes, "reflection". That's the word I was looking for. still brings me nightmares, so pardon me for being a bit skeptical. Again, i think reading up on the mechanics is still a good habbit before investing in anything that's not a "regular" run of the mill L1 or L2 token.
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