Wu learned that Degen has released a transparency update, revealing that the foundation has used some of its treasury assets to sell call options for profit. The relevant options will only be exercised when DEGEN rises significantly, and some tokens may be converted to USDC at that time. Currently, there are approximately $3 million worth of options in circulation. In addition, Binance Alpha activities and some treasury operations come from the Airdrop 3 token pool, and the Tokenomics page will be updated in the near future. Degen stated that it has gradually reduced airdrops and will end the reward limit when the Degen App goes live. DEGEN is a reward token designed for Farcaster users. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44393