What is Degen (DEGEN) used for?

- **Content Rewards**: DEGEN incentivises Farcaster users by enabling tips for quality content creators, encouraging active participation and community engagement. - **Degen Chain Applications**: DEGEN is the backbone of the Degen Chain, a Layer 3 blockchain supporting decentralised applications such as: - Degen Swap: A platform for swapping DEGEN and other tokens. - NFTs2Me: Tools for creating and trading NFTs. - Bountycaster: A bounty-based platform for completing tasks. - DegenPad: A crowdfunding tool for new or ongoing projects. - **Gaming and NFTs**: The token can be used for purchasing NFTs and participating in blockchain-based games, including a PvP meme-fighting game. - **Crowdfunding**: DEGEN supports project funding through DegenPad, enabling creators to raise funds from community tips.

Degen

DEGEN

#461

$0.0₃9598($0.00)

Key Stats

Market Cap$24.91M

Volume (24h)$2.02M

Fully Diluted Value$34.70M

Vol/Mkt Cap (24h)8.09%

Total Supply36.15B DEGEN

Max Supply∞

Circulating Supply25.96B DEGEN

Launch Date2024-01-07

Degen Information

Websites

www.degen.tips

Block Explorers

explorer.degen.tips

Supported Standards

ERC-20

Industries

Meme

Degen Price Converter

DEGEN

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Degen Markets

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Instrument	Exchange	Benchmark Data	Price	24h Change
DEGEN-USDT DEGEN_USDT	whitebit	BB	0.0₃9660USDT	-3.40%
DEGEN-USD DEGEN-USD	coinbase	AA	0.0₃9630USD	-3.99%
DEGEN-USD DEGENUSD	kraken	AA	0.0₃9660USD	-3.59%
DEGEN-USDT DEGENUSDT	bybit	A	0.0₃9686USDT	-3.20%
DEGEN-USDT DEGEN-USDT	okex	A	0.0₃9665USDT	-3.28%

About Degen

Degen (DEGEN) is a cryptocurrency built on the principles of meme culture but with practical utility, particularly in decentralised ecosystems. It serves as a reward token for content creators on Farcaster and powers the Degen Chain, a Layer 3 blockchain for community-driven DApps. Developed by Gentleman Labs, DEGEN supports a broad range of activities, including crowdfunding, gaming, and NFTs, underpinned by a robust and growing community.

Frequently Asked Questions

Degen (DEGEN) is a cryptocurrency inspired by meme culture and designed for use in decentralised ecosystems. It is an ERC-20 token deployed on multiple chains, including Base, Ethereum, and Arbitrum. The token serves as a reward mechanism within Farcaster, a decentralised social network, where users can tip content creators for high-quality contributions.

DEGEN also powers the Degen Chain, a Layer 3 blockchain built on Base. Known as the "Las Vegas of blockchains," the Degen Chain supports experimental decentralised applications (DApps) and encourages community-driven innovation.

Content Rewards: DEGEN incentivises Farcaster users by enabling tips for quality content creators, encouraging active participation and community engagement.
Degen Chain Applications: DEGEN is the backbone of the Degen Chain, a Layer 3 blockchain supporting decentralised applications such as:
- Degen Swap: A platform for swapping DEGEN and other tokens.
- NFTs2Me: Tools for creating and trading NFTs.
- Bountycaster: A bounty-based platform for completing tasks.
- DegenPad: A crowdfunding tool for new or ongoing projects.
Gaming and NFTs: The token can be used for purchasing NFTs and participating in blockchain-based games, including a PvP meme-fighting game.
Crowdfunding: DEGEN supports project funding through DegenPad, enabling creators to raise funds from community tips.

Degen (DEGEN) was developed by Gentleman Labs, founded by Jacek (CEO) and Colton (COO). The duo, with professional backgrounds in technology and finance, previously worked at firms such as Acorns and Credit Suisse. Gentleman Labs focuses on creating innovative, community-driven tools that align with the blockchain's ethos of decentralisation.