Degen Awards $1M Grant to Jamfrens
Degen Awards $1M Grant to Jamfrens
🤑 Massive Grant Awarded!
Degen, an ERC-20 token launched in January 2024, has awarded a $1 million grant to Jamfrens, a prominent creator community on the Farcaster platform. The grant will be distributed among Jamfrens' users, further supporting creators and recognizing their contributions. Degen's points system rewards unique posts and comments, bridging the gap between online content and real-world value.
We're excited to announce that we've awarded a 1M $DEGEN grant to @Jamfrens! They will be distributing it among their users. It's a privilege to continue our support for creators in this impactful way!
In anticipation of our 🟣 New Jam jam.so 🟣 launch, we are proud to announce we have received a grant of 1M $DEGEN from Degen! @degentokenbase We will be using 100% of the grant as rewards for the Farcaster Community! Learn more 👇
Degen Proves SocialFi Works Without Speculation
Degen has distributed over $50M to creators through a model that prioritizes engagement over speculation. The platform demonstrates that sustainable creator economies don't require turning every social interaction into a tradable asset. **Key differences in Degen's approach:** - Direct tipping based on content value - Community-driven incentives - Transparent distribution - No forced financialization of identity The Degen app rewards creators and users directly, without requiring price volatility or insider advantage to participate. Creators earn because people value their work, not because of token trading dynamics. **Core principle:** Social layers work best when incentives align with behavior rather than speculation cycles. This model has successfully funded creators and bootstrapped communities while avoiding the zero-sum dynamics that erode trust in other SocialFi platforms.
🔥 Degen App Burns 10% of Every Tip
The **Degen App** has introduced a new mechanism where **10% of every tip gets burned**, reducing the total $DEGEN supply. **Key changes:** - Every tip now burns 10% of its value automatically - Tipping supports creators while strengthening the token ecosystem - The burn mechanism creates deflationary pressure on $DEGEN supply This builds on the recent launch of tipping functionality, which allows users to reward creators directly with $DEGEN tokens. The **"Tip. Burn. Repeat."** model transforms casual tipping into an ecosystem-strengthening activity that benefits both individual creators and all token holders.
Degen Tips Mini-App Launches on Farcaster with Coinbase Integration
A new mini-app for tipping $DEGEN tokens has launched on Farcaster, operating on the Base network. The app introduces streamlined tipping functionality with Coinbase's TBA wallet support. Key Features: - One-click tipping through likes - Integration with Coinbase TBA wallet - Base network implementation - Customizable tipping amounts - Upcoming lottery reward system Getting Started: 1. Hold $DEGEN tokens in your wallet 2. Set your tipping budget 3. Configure per-like tip amount Try the app: [Degen Tips](https://app.degen.tips)
Degen App v1 Announcement: A Minimalist Farcaster Client
Degen announces v1 of their Farcaster client, focusing on Reddit-style channel discussions. Key features: - Clean, lightweight interface - Embedded wallet functionality - Direct tipping from user funds - No messaging or frames - Streamlined onboarding process The app aims to attract new users to Farcaster with its minimalist approach, prioritizing genuine discussions over engagement mechanics. Launch planned for FarCon. Previous development updates revealed plans for thread bumping and default anonymity features, positioning the app as a hybrid between 4chan and HackerNews.
Lightweight Farcaster Client Announcement
A new minimalist Farcaster client combining elements of 4chan and HackerNews is in development. The platform emphasizes simplicity with: - Thread bumping functionality - Built-in tipping system - Anonymous posting by default - Focus on text and image content only The client strips away common social features like profiles, direct messages, frames, and recasts. Launch is scheduled for FarCon. This development follows Farcaster's recent integration with Coinbase Wallet's social feed, marking significant mainstream expansion.