#代币经济学# Looking back on the past, I can't help but feel a surge of emotions. The topic of tokenomics has always played a key role in project development. Currently, the Degen Foundation has proposed a phased token burn plan, which reminds one of the experiences of some projects from back in the day.

I remember during the bull market of 2017, many projects massively increased their token supply to hype up interest. As a result, the good times didn't last long, and coin prices plummeted, causing significant losses for investors. In contrast, those projects that cautiously controlled their supply were able to stand firm in the bear market. Now, the Degen Foundation has also begun to pay attention to the issue of inflation.

However, token burning is not a universal remedy. There was once a project that, in order to boost market confidence, burned a large number of tokens all at once. Unexpectedly, this action triggered panic, as investors worried about a potential break in the project's funding chain and began to sell off. This shows that adjustments in tokenomics require careful design and should fully consider market psychology.

The Degen Foundation's approach to soliciting community opinions this time is commendable. After all, tokenomics concerns the interests of all coin holders and should benefit from collective wisdom. However, I suggest that they conduct more market simulations when formulating specific plans and carefully assess various potential impacts. After all, in this rapidly changing market, a single misstep could lead to total loss.

Looking back at the development of crypto, the importance of tokenomics has become increasingly prominent. I hope that project teams can learn from historical lessons and find a balance between pursuing short-term gains and long-term development. Only in this way can they remain undefeated in future market cycles.