Justin Sun: If I lead EF and Ethereum, ETH will rise to $10,000
Sun Yuchen posted on platform X, stating that if he were to lead the Ethereum Foundation, ETH would rise to $10,000. The plan for the first week includes:
Immediately stop selling ETH and optimize revenue; EF will immediately stop selling ETH for at least three years. Operating costs will be paid through AAVE loans, pledge income, and stablecoin borrowing. This ensures that the supply of ETH remains unchanged, consistent with our deflationary goals and enhances market confidence;
Taxing on ETH Layer 2; all Layer 2s will levy heavy taxes to ensure that Ethereum generates at least $5 billion in tax revenue each year (whether it's stablecoins or tokens). All collected taxes will be used to buy back and burn ETH;
Simplify EF operations; the size of EF staff will be significantly reduced while retaining only the most capable team members. Remaining employees will receive substantial pay raises which transforms EF into a purely performance-based reward system;
Adjust rewards and increase fee burning; node rewards will decrease with more emphasis placed on burning mechanisms. This ensures Ethereum maintains deflationary status solidifying its position as a store of value.
Focus on Layer 1; all resources are redirected towards core development of Ethereum's Layer 1 prioritizing scalability, security, and adoption rate until reaching an ETH price point of $10,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs CEO: Bitcoin does not pose a significant threat to the US dollar
Vice President of NYSE Listing Services: Expect more crypto companies to go public