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 Launch Approaches with Creator Rewards System
The **Degen App** is preparing to launch as a decentralized social platform focused on rewarding creators. Key features include: - **Tipping system** for direct creator support - **Earning opportunities** for quality content - **Community connections** through channels - **User ownership** of their social experience The platform builds on the existing DEGEN token ecosystem, which has been rewarding quality content on Farcaster since January 2024. The app aims to bridge online contributions with real-world value through its integrated rewards system. Developers previously shared a [sneak peek](https://blog.degen.tips/degen-app-sneak-peak) and continue seeking community input to shape the final product. The launch represents a shift toward creator-owned social platforms where quality content directly translates to earnings.
DEGEN Token Now Available for Trading on OpenSea Marketplace
**DEGEN token has officially launched on OpenSea**, the world's largest NFT marketplace. The integration brings the popular Farcaster ecosystem token to a broader audience of traders and collectors. DEGEN, which launched in January 2024, has become a key reward mechanism for quality content creators on the Farcaster platform. - Users can now buy, sell, and trade DEGEN tokens directly through OpenSea - The listing expands accessibility beyond the Farcaster ecosystem - Integration represents growing mainstream adoption of social tokens This marketplace debut could increase liquidity and trading volume for the community-driven token.
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)