Degen Social MediaPrice(DEGEN)
Details Degen Social Media (DEGEN) Price information (USD)
The current real-time price of DEGEN is $0.0{5}5530. In the past 24 hours, DEGEN has traded between $0.0{5}5520 and $0.0{5}7390, showing strong market activity. The all-time high of DEGEN is $0.0017, and the all-time low is $0.0{5}4630.
From a short-term perspective, the price change of DEGEN over the past 1 hour is
Degen Social Media (DEGEN) Market Information
Degen Social Media (DEGEN) Today's Price
The live price of DEGEN today is $0.0{5}5530, with a current market cap of $5,523.640. The 24-hour trading volume is 333.58. The price of DEGEN to USD is updated in real time.
Degen Social Media (DEGEN) Price History (USD)
What is DEGEN SOCIAL MEDIA (DEGEN)?
When is the right time to buy DEGEN? Should I buy or sell DEGEN now?
Before deciding whether to buy or sell DEGEN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DEGEN technical analysis can provide you with trading references.
Future price trend of DEGEN
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DEGEN.
How much will DEGEN be worth tomorrow, next week, or next month in ? What about your DEGEN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DEGEN Price Prediction
How to buy DEGEN SOCIAL MEDIA (DEGEN)
Convert DEGEN to local currency
DEGEN Resources
To learn more about DEGEN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | HLnpSz...aiTLcC  | 415.860M | 41.63% |
solana | AEh2JY...S3RFVg | 74.587M | 7.47% |
solana | HLJKd9...QkVqiL | 45.250M | 4.53% |
solana | GrcphU...RZ4ayU | 41.978M | 4.2% |
solana | DPFLby...H1Dk2i | 36.861M | 3.69% |
Other | 384.312M | 38.48% |
Hot Events
DEGEN SOCIAL MEDIA (DEGEN) FAQ
What is the DEGEN token and what are its origins?
DEGEN is an ERC-20 token launched on the Base network. It originated as a community-driven initiative within the /degen channel on the decentralized social network Farcaster, specifically through the Warpcast app. While it began as a reward for community participants, it has evolved into a functional social currency. The project was founded by a developer known as Jacek Trociński. Although it is deeply integrated into the Farcaster ecosystem, it is a community-led project and was not officially created by the Farcaster team.
How does the DEGEN tipping ecosystem function?
The tipping system allows users to reward content creators on the Farcaster network. Users receive a daily allowance of DEGEN points based on their engagement levels and follower count. To tip another user, a participant simply comments a specific number followed by the $DEGEN tag on a post. It is important to note that these points do not come from the user's actual token balance; instead, the accumulated points are periodically converted into actual DEGEN tokens and distributed to the recipients.
What are the requirements for users to start tipping DEGEN?
To maintain ecosystem quality and prevent spam, there are specific eligibility requirements that may change over time. Generally, users must connect a verified wallet to their social profile. Historically, users have been required to hold a minimum amount of DEGEN tokens (such as 10,000 DEGEN) to qualify for a daily tipping allowance. Additionally, users often need to achieve a specific user rank or obtain a Power Badge on the platform to demonstrate active and authentic participation.
What is the Degen Chain and why is it unique?
Degen Chain is a Layer-3 (L3) blockchain built on top of the Base network using Arbitrum Orbit technology. It was developed to provide ultra-low transaction fees for social applications and gaming. A unique technical aspect of the Degen Chain is that it uses the DEGEN token as its native gas token instead of ETH. This integration ensures constant utility for the token, as it is required to pay for all transaction fees and network operations within the Layer-3 ecosystem.
How is the DEGEN token supply distributed among the community?
The project utilizes a community-first distribution model. Approximately 70% of the total supply is dedicated to community airdrops and incentives, which are distributed across different seasons to reward active users. The remaining 30% is split equally, with 15% allocated to the team and ecosystem development and 15% dedicated to liquidity pools. To support long-term sustainability, the project also features a 1% annual inflation rate which is scheduled to commence in 2028.
Where can users acquire DEGEN and what is its utility?
DEGEN is available for trading on major digital asset exchanges such as LBank, as well as various decentralized exchanges operating on the Base network. Beyond being a tradable asset, DEGEN serves as the primary currency for the social tipping ecosystem and the native gas token for the Degen Layer-3 blockchain. Its utility is expected to expand further with the development of the Degen App, a social super-app focused on creator tools and social rewards.
