Bearchain founder: Regrets selling 34% of tokens to VC and is working hard to repurchase some tokens

PANews
PANews|Mar 05, 2025 07:18
Bearchain founder Smokey mentioned in an interview with the Unchained podcast that the original intention of Bearchain's design was to solve the contradiction between liquidity and security, while providing greater incentives for applications on the chain. He also pointed out that Bearchain has chosen to be fully compatible with the Ethereum Virtual Machine (EVM) to lower the entry barrier for developers and attract more developers to join the ecosystem. He emphasized that Bearchain's cultural positioning is a "playground for unlimited economic games", attracting a large number of users and developers through a fun and inclusive community culture. The decision to sell 34% tokens to VC. He admitted that if they could start over, the team may not sell such a high proportion of tokens to VC, and the team is reducing the dilution impact on the community by repurchasing some tokens. In addition, he also responded to the issues of token price fluctuations and inflation, stating that the team will optimize the token economy model through governance and economic policy adjustments. In the future, Bearchain will gradually introduce its L2 extension solution and further improve its liquidity proof mechanism.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads