$DEGEN

💜🟣NEW DEGEN ALLOWANCE GUIDE FOR SEASON 5 - ENGAMENT RANK

Ok! We all are excited about DEGEN

After changing the Limit of emissions to 5M daily and control Inflation, @jacek casted several times that changes will come

And now we have these Changes

Come with this top 10 DEGEN Tipper to discover all details

Degen

🟩 DEGEN INFLATION RATE  

Circulating supply is 12500M $DEGEN

Max Monthly DEGEN Emissions NOW ARE 150M (5M x 30 days)

But real is around 4M -> https://dune.com/queries/3692983

That is 1% monthly inflation

And around 10% per YEAR

BULLISH DEGEN

First of all is that Algorithm to calculate DEGEN Allowance has Changed

From last change that set 5M fixed emisions and control inflation (Explained here -> https://warpcast.com/gon/0x42faa3e6)

FARCASTER Native Angel Investor

Web3 Biohacking Cryopreservation Health Business

Host of /degen-es and /replyguys-es

Now we have this Dune Query

https://dune.com/queries/3745431

Airdrop 2 Tip Allocations Exponential Decay

It is called "Exponential Decay" because it try to five more power to Users ranked first. Top 500 people has most of the total allowance

Why?

Because @degentokenbase team had seen complains, FUD and mixed feelings among Power Users. They began to not to TIP because getting Allowance was being easier for BOTS and LOw effort content than for quality content

They wanted to find a solution to get Power User again OnTrack

@jacek and @degentokenbase goal is:

"Revitalize tipping by ensuring allowances go to the most active tippers and high-quality users"

In this way they will get

- KEEP DEGEN PRICE HIGH -> More demand of DEGEN and Less Inflation (Remember)
- IMPROVE WHOLE FARCASTER EXPERIENCE -> Getting less Low effort content

OK! Then we have

- Better design for Tipping Allowance
- Less Inflation
- Better Sinergies aligned with Farcaster

Bullish on Everything right?

But... How do you get a Good DEGEN Allowance now as you can preview in @nikolaiii frame?

OK! Then we have

- Better design for Tipping Allowance
- Less Inflation
- Better Sinergies aligned with Farcaster

Bullish on Everything right?

But... How do you get a Good DEGEN Allowance now as you can preview in @nikolaii.eth frame?

https://altumbase.com/degen-new/

Ok, before to continue, let me tell you that I shared all this ALFA first in my @alfafrens channel

Consider subscribing as I'm one of the top Native Farcaster Investor and you can follow some of my strategies

Ok, before to continue, let me tell you that I shared all this ALFA first in my @alfafrens channel

Consider subscribing as I'm one of the top Native Farcaster Investor and you can follow some of my strategies

https://www.alfafrens.com/channel/0x4412faf48fde771cb688669b799a2c31b93ac9ce/chat

Clues for new Daily allowance are in

- OpenRank docs -> https://docs.openrank.com/integrations/farcaster/ranking-strategies-on-farcaster
- Ranking itself ->

Clues for new Daily allowance are in

- OpenRank docs -> https://docs.openrank.com/integrations/farcaster/ranking-strategies-on-farcaster
- Ranking itself -> https://dune.com/queries/3745431

@jacek don't specify yet if Ranking use @openrank default agorithm

In OpenRank docs you can read that projects can use a personal and customized version of the Rankings

I think @degentokenbase has their own configuration

But what we know is than Social Graph matters now

In this way, Engagement is more important than EVER

And REAL ENGAGEMENT is got... through real ACTIVITY

This is very GOOD FOR ALL OF US

Reactions, likes, recasts and mentions are considered to get the metric... but now raw reactions...

How are the Rankings performed?

@openrank use Farcaster social graph data and use a linear combination of peer-to-peer actions such as Follows, Recasts, Mentions, Comments to calculate a personalized reputation graph for each user.

SEED TOP USERS ARE IMPORTANTE

Developers can change the algorithm weights and the rankings change real-time based on the updated parameters.

And I think @degentokenbase has changed them

The Global Profile Ranking compute is seeded with a few profiles chosen as a starting point to begin the computation of transitive trust among profiles. 

This seed peer selection is upto the developers.

And as I said before, there is no way for BOTS

Why?

Because, if a set of sybil or spam clusters boost a particular profile (say Alice) and their casts, Alice's ranking will likely not increase because of the low rank of the profiles which are engaging with Alice. 

This is found in @openrank documents

Then... Who is in TOP of the Rankings

Users, creators with Reputation in Farcaster and a lot of Activity

But.. REMEMBER, Quality of Activity is more important than Quantity

It's totally normal to see @ace , @wake , @coopahtroopa.eth , @pichi , @deployer @tocd on top of the rankings

Then How can I get Good Ranking?

There is no SHORTCUT

And These are THE GREAT NEWS

YOU NEED TO

- Create GREAT CONTENT liked by TOP RANKING AND POWER BADGE USERS
- Be FOLLOWED BY TOP DEGEN ALLOWANCE USERS

And .. HOW TO DO THIS?

CREATING THE BEST EXPERIENCE IN FARCASTER EVER!!

How to Get your @openrank Profile Rank based on Engagement?

If you are interested in what I casted about NEW DEGEN ALLOWANCE

You don't want to miss this

https://warpcast.com/gon/0xc78db4b5

THREAD

- STEP 1: Enter in @openrank link 
- STEP 2: Click on TEST API
- STEP 3: Edit your FID

I explain you in detail 👇

If you want to Know more about the @openrank engagement Ranking and how to get your score, you can learn here

If you want to Know more about the @openrank engagement Ranking and how to get your score, you can learn here

https://warpcast.com/gon/0x6358ef74

Example to UNDERSTAND NEW DEGEN ALLOWANCE based on ENGAGEMENT for SEASON 5 

With 2 amazing USERS

@esdotge.eth AND @pichi 

Both of them are Power Users with a lot of Quality Interactions

However 

RANKING
@esdotge.eth -> 10
@pichi -> 17

Why this difference?

Let me explain you in this Thread 👇 👇

And here you have an Example  to UNDERSTAND NEW DEGEN ALLOWANCE based on ENGAGEMENT for SEASON 5

And here you have an Example  to UNDERSTAND NEW DEGEN ALLOWANCE based on ENGAGEMENT for SEASON 5 

https://warpcast.com/gon/0x7da168c6

The more $degen we hold (above 10k) the more it will help our rank

Added this important detail to the GUIDE

https://warpcast.com/gon/0xc78db4b5

There More DEGEN you HOLD, MORE ALLOWANCE

There More DEGEN you HOLD, MORE ALLOWANCE

https://warpcast.com/gon/0x7e166804

I think at least 100 TOP SLEPT users are entering again in the DEGEN TIPPING GAME in TOP 500

Look this analysis

@bay-photography has around 500 stable Ranking in @openrank but he has been decreasing allowance from 120 to 200 due to SLEPT USERS that are entering in the game again -> https://warpcast.com/gon/0xbd200a6f

And remember to understand Importance of Slept Users

And remember to understand Importance of Slept Users

https://warpcast.com/gon/0x688e2ea4

Farcaster OG | FID: 10174 | @fireflyapp Ambassador | /bnfarcaster 🎙 in Spanish  | https://web3.bio/cryptowenmoon.eth

wowow Gon! Such a great thread 👏👏👏

Can I use this for a video?

115 $DEGEN

husband & father, Ethereum enthusiastic, @CyborgDao, @bottodao, DeFiLover, @ensdomains lover, waiting for web3 explosion.
deca.art/mrrevix

Amazing thread!
Tomorrow a piece of my new bigger allowance will be for you!

Fantastic thread!
Question: How does Airstack.xyz play into it? Is it being used for Degen tipping game and if not, for what exactly? Thanks!

200 $DEGEN

Social Capital Value is similar to @openrank Engagement Algorithm in terms of reputation, but for now, DEGEN only takes into account OpenRanks one as I explain here

🇩🇪 Multidisciplinary Artist |  /medium

Synthesizing Nature, Tech & the Human Experience
https://linktr.ee/manuwilliams

Social Capital Value is similar to @openrank Engagement Algorithm in terms of reputation, but for now, DEGEN only takes into account OpenRanks one as I explain here

https://warpcast.com/gon/0xc78db4b5

Hi it says ranking drop of you don’t tip at least 5 times in the last 7 days, well something is wrong here because I’ve been tipping at least 30 ppl daily for over 4 weeks and my ranking has reduced daily now for 2.5 of those weeks… ??

Wowow @gon pedazo de hilo!!!

Congrats and thx!!!

Oh, I was touched because it was so detailed.

Great move, but will it be good for new users?