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Information about Degen (DEGEN)
Degen is an ERC-20 token and meme coin that was launched in January 2024. It is a new kind of cryptocurrency that operates within the Farcaster ecosystem – a decentralized Web3 social protocol that is the backbone of social apps like Warpcast.
The primary goal of the Degen project is to revolutionize online content creation by making it possible for users to reward content creators with Degen tokens when they post quality content. This unique points system recognizes valuable contributions. In the process, Degen has solved one of the biggest conundrums for social sites and community forums – how to incentivize user engagement.
DEGEN is a native coin of the Degen ecosystem, operating on Base according to ERC20 standard, and can be used to:
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