Basic Information
| Information | Details |
|---|---|
| Project Name | DEGEN Token |
| Project Website | Degen Tips |
| Project Description | $DEGEN is a community-driven token designed to reward engagement and incentivize quality content creation within the Farcaster ecosystem. |
| Project Ticker | DEGEN |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | Retroacttive |
| Total Airdrop Amount | ~70% of 37 billion $DEGEN (distributed in multiple phases) |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Airdrop 1 Completed | Jan 15, 2024 |
| Airdrop 2 Ongoing | Early 2025 (monthly seasons) |
| Airdrop 3 Planned | Future (Date TBD) |
| Inflation Start | 2028 (1% annually) |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
Eligibility criteria vary by phase and season but generally include:
Farcaster Activity
- Tipping System: Users earn $DEGEN by receiving tips for quality content in the /degen channel.
- Engagement: Active participation in Farcaster (posting, commenting, discussions) increases eligibility.
- Past Airdrop Participation: Airdrop 1 was based on prior engagement before a snapshot.
- Main Airdrop Allocation: The largest portion of Airdrop 1 was given to active users of Farcaster who were engaged in the /degen channel.
Wallet Requirements
- Must hold a compatible Web3 wallet (e.g., MetaMask, WalletConnect) on the Base network.
- Empty or newly created wallets are usually ineligible; prior activity (holding tokens, transactions) may be required.
Seasonal Participation (Airdrop 2 - Ongoing)
- Eligibility determined by snapshots at the end of each monthly season.
- Qualifying actions include:
- Holding $DEGEN tokens.
- Providing liquidity in $DEGEN pools (e.g., Uniswap, Aerodrome).
- Earning tips or points through Farcaster interactions.
- Check eligibility and claim tokens at: Claim Link
Liquidity Provision
- Users providing liquidity to $DEGEN pools (Uniswap, Aerodrome) receive additional airdrop rewards.
- 15% of the supply was allocated to liquidity providers in past distributions.
Community Milestones
- Some airdrops include tasks such as:
- Referring friends.
- Participating in community events.
- Achieving specific “Degen scores” (engagement/activity metric).
Important Links
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Eligibility & Claiming: Airdrop 2 Details
- Official Announcement: Degen Tokenomics
Additional Information
- Airdrop 3 is planned for the future with 25% of the total supply reserved.
- Inflation of 1% annually starts in 2028.
- The airdrop phases are designed to continuously reward participation and liquidity provision in the Degen ecosystem.