Name : Degen (DEGEN)
DEGEN Price : $0.011 -6.47%
Consensus Mechanism : ERC-20 Token
Volume: 67,472,087
Market Cap: 155,425,145
Shariah Judgement
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Last Screening: Q3 2024
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Overview
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.
Whitepaper & Documents
Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .
COMMENTS
1 Comments
Irfan
29 days agoFor 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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