DEGEN Secures $1M VC Investment While Maintaining Community Control
DEGEN Secures $1M VC Investment While Maintaining Community Control
馃挵 DEGEN's VC Plot Twist
DEGEN receives $1M from top-tier VC @1confirmation while maintaining zero lockups for the community.
Key highlights:
- 1.1 million wallets now hold $DEGEN tokens
- Investment validates the project but doesn't change community ownership
- All decisions remain guided by token holders who "live the culture"
The funding represents validation of DEGEN's vision without compromising its community-first approach. Unlike typical VC deals, this investment comes with no lockup periods that would restrict community control.
Community remains in charge of every development decision and strategic direction. The project continues to grow through organic adoption - wallet by wallet, meme by meme.
DEGEN started as a simple tool to reward content creators and has evolved into a movement spanning over 1 million wallets with $50M+ airdropped to users.
The first Base meme token on Coinbase. That鈥檚 $DEGEN. Not because someone told us it could happen, but because a community refused to sit on the sidelines. Every tip, every post, every wallet mattered. Together, we proved that collective belief can move mountains. DEGEN is
1.1 million wallets. Zero VC lockups. Every $DEGEN holder shapes the future of the movement. Degen received a $1M investment from @1confirmation, one of crypto鈥檚 top-tier VCs. That support validated the vision but didn鈥檛 change it. Ownership stays in the hands of the
DEGEN started in 2024 with a simple idea: to reward content creators and turn social engagement into real value. In the early days, every new wallet and every interaction mattered: 5,000 wallets joined within days. & today over 1 million wallets hold $DEGEN. Over $50M has
馃巸 DEGEN Halloween Contest
POIDH launches annual **DEGEN Halloween Costume Contest** with **$500 bounty** for best costume photo. **How to enter:** - Take photo in Halloween costume - Hold handwritten "Happy $DEGEN Halloween" sign - Post on X or Farcaster - Upload to [contest page](https://poidh.xyz/degen/bounty/1189) **Winner announced November 1st** by POIDH and DEGEN teams. Same organizers behind the Guinness World Record Bounty bring back this wholesome community tradition for 2025.
Degen App Launches Creator-Focused Decentralized Social Platform
The **Degen App** is preparing to launch as a decentralized social platform designed to reward content creators directly. Key features include: - **Tip system** for rewarding quality content - **Earning opportunities** for creators - **Community connection** tools - **Ownership** of digital assets The platform aims to bridge online contributions with real-world value through its integrated reward system. *Stay tuned for the official launch announcement.*
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.