Degen Foundation Transparency Update: Using Part of the Funds to Issue Call Options to Generate Income, Plans to Reduce Airdrops

According to Foresight News, Degen released a transparency update: "The foundation uses part of its funds to issue bullish call options to generate income, with these options set far below the out-of-the-money level, thus only becoming effective when DEGEN rises. If DEGEN increases, a portion of the options may be converted to USDC. The current nominal value is approximately $3 million and will vary monthly; Binance Alpha investment and some fund activities come from Airdrop 3 pool; the token economics page will be updated soon, with plans to shift towards ecosystem and future growth; airdrops have been reduced in recent months; tipping allowances will end after the Degen App launch; some VCs have attempted to purchase at low OTC prices and sell in the market, which is not supported or endorsed by the official team."