Everything you need to know about $DEGEN

Current price: $ fetching data...

Contract Address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed

Ticker: $DEGEN

Blockchain Network: Base

Apr 11, 2024

What is $DEGEN?

Degen (DEGEN) is a community-driven Layer 3 blockchain token built on Base, offering low transaction fees and a community-centric approach. It started as a meme coin but has evolved into a key token of the Warpcast ecosystem, facilitating community engagement and rewards.

Launched in January 2024, DEGEN quickly gained traction within the Farcaster community as a reward token for participants in the Farcaster Degen channel. The initial airdrop of 15% of the total supply to active members of the channel helped to spread the token's popularity, with plans to eventually airdrop 70% of the token's total supply. DEGEN's success can be attributed to its strong community backing, strategic partnerships, and the rapidly expanding ecosystem of the Base Chain.

As the top memecoin on the Base Chain, DEGEN has gained significant traction and recognition within the crypto community. It has even been listed on major exchanges like Bitget, further increasing its accessibility and liquidity. The DEGEN community, also known as "Degentlemen," is a passionate and enthusiastic bunch, often referred to as "Degenites" or "Degenians." They are the backbone of DEGEN's success, promoting the coin and driving its growth. The community's support, combined with the expanding ecosystem of the Base Chain, positions DEGEN as an attractive option in the world of meme coins.

In conclusion, DEGEN is a deflationary memecoin inspired by the beloved character from the "Boy's Club" comic. With its strong community backing, strategic partnerships, and expanding ecosystem, DEGEN has positioned itself as a top player in the meme coin market. Whether you're a fan of memes, a crypto enthusiast, or simply curious about the world of digital currencies, DEGEN is definitely a coin worth keeping an eye on.

This chart visualizes the current price of $DEGEN to the US dollar.

Here's a step by step guide on how you can buy $DEGEN.

Option 1: Download Tori Wallet.

Tori is the simplest self custodial mobile wallet that allows you to access crypto opportunities. Instead of buying crypto on a centralized crypto exchange (like Kraken, Coinbase, or Crypto.com), setting up a self custody wallet (like Phantom, Metamask, or Coinbase Wallet), and the 5+ other steps with accessing the world of crypto, Tori simplifies the entire experience into one simple app.

Step 1: Setup Your Account

With Tori, you'll have to do the following:

  1. Create your account with passkeys.

  2. Upload your ID to authenticate your account.

  3. Connect your bank account.

Tori Wallet is currently available on IOS and Google Play Store, but only limited to U.S residents at the moment.

Step 2: Deposit money into your trading wallet.

Once you've connected your bank account, you're able to deposit up to $50,000 USD with no fees.

It takes approximately 1-3 days for your money to settle. From there you can start accessing the world of crypto!

Step 3: Select $DEGEN to trade.

Once you have money in your trade balance, you can click trade.

Select $DEGEN

*Token prices in the screenshots below are outdated*

Step 4: Buy $DEGEN.

Once you select $DEGEN, you can now swipe to confirm your purchase.

*Token prices in the screenshots below are outdated*

Step 5 (Optional): Sell $DEGEN whenever you want.

Whenever you're ready to sell, you can sell $DEGEN and get USDC, which you can withdraw right into your bank account.

*Token prices in the screenshots below are outdated*

Option 2: Use a centralized exchange, self-custody wallet, and DEX's.

To buy $DEGEN as a crypto beginner, you can follow these steps:

1.Get a crypto wallet: You'll need a cryptocurrency wallet to store your DEGEN tokens. There are many options available, such as Coinbase Wallet, MetaMask, or Trust Wallet. Make sure to choose a wallet that supports Degen (DEGEN) and the Base Chain.

2. Buy Ethereum (ETH) or USDC: You'll need to buy Ethereum (ETH). You can buy these cryptocurrencies on popular exchanges like Coinbase, Binance, or Kraken.

3. Transfer ETH or USDC to your wallet: Once you've bought ETH or USDC, transfer them to your crypto wallet. Make sure to use the correct wallet address and network (Base Chain for Degen).

4. Use a decentralized exchange (DEX): To buy DEGEN, you'll need to use a decentralized exchange that supports the Base Chain. One popular option is Uniswap.

5. Connect your wallet to the DEX: Connect your crypto wallet to Uniswap or the DEX of your choice.

6. Swap ETH or USDC for DEGEN: On the DEX, select the ETH or USDC trading pair with DEGEN. Enter the amount of ETH or USDC you want to swap for DEGEN, and confirm the transaction.

7. Store your DEGEN token: After the swap is complete, your Brett tokens will be stored in your crypto wallet. Make sure to keep your wallet safe and secure. Remember to do your own research and exercise caution when investing in cryptocurrencies. The crypto market is highly volatile, and prices can fluctuate rapidly.

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