Degen has announced the termination of user-to-user tip exchanges. Accounts found violating this policy will have their tip allowances revoked. Currently, Degen distributes 5 million DEGEN tokens as daily tips, which equates to approximately $1.2 million per month at current prices. This initiative is part of the company's broader strategy to prevent users from exploiting the system for profit and ensure fair distribution among participants.
Furthermore, Degen is actively working on upgrading its vault system. This crucial upgrade aims to incentivize the long-term locking of DEGEN tokens, which is expected to enhance stability and promote sustained engagement within the community. By fostering a more secure environment for token holders, Degen is reinforcing its commitment to creating a robust ecosystem where users can feel secure in their investments and interactions.
The changes reflect a response to ongoing market dynamics and user feedback, demonstrating Degen's adaptability and focus on maintaining a healthy community. As the crypto landscape evolves, these steps are essential for positioning Degen as a leader in responsible token management and community support..