Degen (DEGEN)
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About DEGEN
Degen (DEGEN) is a multichain community-driven meme coin launched on Farcaster, built to reward engagement and on-chain participation through tipping, raindrops, and gamified incentives. Originally distributed via social airdrops, DEGEN powers a native rewards economy and unlocks access to exclusive perks across decentralized platforms. It is natively deployed on Ethereum, Arbitrum, Base, and Solana, and is usable via Farcaster-integrated tools like degen.tips. With over 70% of the supply reserved for the community and a long-term token model that introduces minimal inflation only after 2028, DEGEN is designed to sustain a fair, transparent ecosystem around social reputation, digital collectibles, and user influence. Ongoing airdrop seasons, leaderboard rewards, and the Degen Shop create utility and participation incentives for holders and newcomers alike.
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Frequently Asked Questions about Degen
What is Degen (DEGEN)?
Degen is a community-governed memecoin originally launched on Farcaster to reward social engagement through tipping, raindrops, and seasonal leaderboards. It powers a multichain ecosystem with gamified participation and no presale or VC control.
Where can I buy Degen (DEGEN)?
You can buy DEGEN on major exchanges like Coinbase, OKX, Deepcoin, Gate.io, Bybit, and through decentralized platforms on Ethereum, Arbitrum, Solana, and Base.
What is the best DEGEN wallet?
For Ethereum, Bitcoin.com Wallet is recommended. For Arbitrum and Base, use MetaMask, Coinbase Wallet, Trust Wallet, or Ledger. For Solana, Phantom and Solflare are popular choices. All support DEGEN across its native chains.
What can I do with DEGEN tokens?
You can use DEGEN for tipping on Farcaster, earning leaderboard rewards, shopping in the Degen Shop, and unlocking NFTs, merch, and social reputation features across the ecosystem.
How is DEGEN distributed?
DEGEN was airdropped to Farcaster users and contributors in multiple phases. 70% of supply is reserved for the community, with no presale. Ongoing airdrops, liquidity mining, and tipping continue to expand distribution.
Does DEGEN have a transaction tax?
No, DEGEN has no buy or sell tax across any supported chain. It’s designed for frictionless tipping and trading.
Is DEGEN inflationary?
DEGEN is currently non-inflationary, but starting in 2028, it will introduce a modest 1% annual inflation rate to sustain ongoing community incentives.