Degen

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.

re, Jacek sales, lockup, and alignment:

>bought back all recently sold $DEGEN
>changed vesting from 2 to 5 years
>will sell monthly, stopping at 0.75% of supply
>remainder will be held "long term"
>tomorrow is @jacek's birthday 🎂

Thoughts on point 1? 

Is a community wallet-watching and peer pressuring to rebuy part of the game?

Should he have communicated like this in the first place?

Top 50 Replyguy 💬
Spreading Immaculate Vibes ✨
/adp founder 😎

Sure; sometimes distasteful, but common and likely to get worse as socialfi finds its way, culturally. 

A game of games.

I'm thankful he did, but no, it's not necessary. They're his tokens to do with as he pleases and the market gets to deal with whatever information profile he makes available (or doesn't).

I admire the transparency and understand his action too. I feel frustrated about the timing. L3 chain stoped over 3 days. As a blockchain, this should be the most important issue to take care of. There are dapps that work really serious on the Degen Chain like us.