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Degen

DEGEN Memes Base Ecosystem
$0.001562
-0.59% (24h)

Market Stats

Price
$0.001562
-0.59% (24h)
Market Cap
$36.4M
Volume (24h)
$3.47M
Supply
23.32B DEGEN
FDV
$57.74M

Shariah Analysis

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Last Screening: Q1 2024

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In-Depth Analysis
Project Token Reward System Legitimacy
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Technical Analysis

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Trading Signals
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Community Sentiment

Community Discussion (1)

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Irfan
1 year ago

For me it should be halal. It's the currency for farcaster. It's not like the typical pump and dump memcoins

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About Degen

Degen is an ERC-20 token that launched in January 2024, aimed at enhancing the Farcaster ecosystem by rewarding Casters with DEGEN for high-quality content contributions. Initially a meme coin, DEGEN has evolved into a significant community token for the Warpcast decentralized social media platform built on Farcaster. The Degen Chain, a Layer 3 blockchain built on Base (an Ethereum Layer 2 solution), supports the Degen ecosystem with low transaction fees and a strong community focus. The chain utilizes the DEGEN token to incentivize participation and development, with 70% of the total token supply allocated to community members.

Consensus Mechanism

ERC-20 Token

Official Links

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