Degen

Farcaster, a decentralized social network, leverages $DEGEN to enhance identity verification. Built on Ethereum, it uses Farcaster IDs (FIDs) linked to Ethereum addresses, ensuring secure, user-controlled identities. $DEGEN, initially a meme coin, incentivizes engagement through tipping on Warpcast, fostering trust and authenticity. The Beta 2 verification system rewards active users with $DEGEN, boosting participation. This synergy of blockchain and community-driven tokens strengthens Farcaster’s decentralized identity framework, empowering users with privacy and control.