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Degen
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.
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:
- 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.