DeFi Dave breaks down what UFG is about and how it will help the liquidity on the RobinHood chain
"We want every single token on Robinhood Chain to be backed"
"When UFG launched, trading fees weren't directed to a creator, insiders, or bundlers. They go straight into the treasury"
"The token is your key to redeem the treasury. You execute a redemption, that supply is burned, and you get your share"
"I call it the slow burn. Instead of an automatic mechanism, the community decides when to burn tokens. Token supply goes down, and the permanent floor goes up"
"With most meme coins, once the hype dies, the token inevitably dies with it. This ensures there's a floor so it can never go to zero"
"Instead of dumping on the market to access capital, teams burn tokens to redeem the supply from the treasury. That’s much more bullish"