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2072 Followers
Degen started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. β€οΈππ©ππ₯
With approximately 37 billion tokens created at launch, Degen is committed to empowering its community. 70% of tokens are allocated for community use, while another 15% is dedicated to forming a liquidity pool. The remaining portion will support the development team, investors, and the broader ecosystem. π₯π€©β€οΈ
Degen token airdrops are paid out to users who engage on Farcaster. Eligible users must subscribe to the Degen channel and hold a minimum amount of Degen in their Farcaster-connected wallet. πβΊοΈπΉπ₯
Burning crypto is a common practice, exercised by cryptocurrency platforms, that permanently removes tokens from circulation. By reducing the total supply of a coin, the hope is that the value of a specified digital asset will increase with market demand. ππ€©ππ₯π€