• 34ºc, Sunny

Bearchain founder: regretted selling 34% of the tokens to VCs and is working to buy back some of them

On March 5th, Smokey, the founder of Bearchain, mentioned in an interview with the Unchained podcast that the original intention of Bearchain was to solve the contradiction between liquidity and security, while providing greater incentives for applications on the chain. He also pointed out that Bearchain chose to be fully compatible with the Ethereum Virtual Machine (EVM) in order to lower the entry threshold for developers and attract more developers to join the ecosystem. He emphasized that Bearchain's culture is positioned as a "playground for infinite economic games", attracting a large number of users and developers through a fun and inclusive community culture. Regarding the decision to sell 34% tokens to VC. He admitted that if it could be restarted, the team may not sell such a high percentage 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 issue of token price volatility and inflation, saying that the team will optimize the token economic model through governance and economic policy adjustments. In the future, Bearchain will gradually roll out its L2 scaling solution and further improve the liquidity proof mechanism.