Shuyao Kong
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, people are saying token is dead and everything's equity.
I just think they lack imagination.
I think mega is a token business.
And USDM is like our first revenue stream, which, you know, we're collaborating with our ecosystem, rally behind it to make sure that, you know, people who believe in mega and taking risk, right, and participating in the ecosystem are getting compensated and rewarded.
And, you know, we're not abandoning them.
Like we love our token more than anyone else.
Exactly.
Yeah, I think getting business model right was when we started Mega, we were like, okay, just producing block space is not a good business.
And we also have some big news coming in May that's
Yeah, so all I'm saying is we've been building a lot of things beyond just a blockchain.
In terms of, you know, token, getting value back to token holder, there are many ways to do it.
And I'm not certain how much I can say, but based on...
depending on what my general counsel tell me, what I'm super clear is the dollar that mega takes home, right, whether it's from proximity market or from USDM, that is going to buy back mega.
In terms of the mechanism, we...
are deciding the best and most fair way to the market.
Given the past experiences, and you guys have seen it on Twitter, there are different ways to do it.
And then there are ways we can disclose it.
From our perspective, we just want to assure everyone that, you know, the money is not going to go to the core team's pocket.
The core team is very incentivized to have the token go up.
And the primary reason is that the core team only took 9% of the entire token pie chart.