Issues with Claims on Degen Token
Issues with Claims on Degen Token
鈿狅笍 Degen Token Hiccup
Reports have emerged of issues with claims on the Degen ERC-20 token, which was launched in January 2024 to enable Farcasters to reward quality content. The team is working with WalletConnect to resolve the problems, which seem to be caused by higher-than-expected traffic levels. While this is a positive sign of the token's popularity, the team apologizes for any degraded experience as they work to fix the issues.
We've received reports of issues with claims on Degen.tips. We're working with @WalletConnect to resolve them. Seems we're generating more traffic than expected鈥攁 good problem, but apologies for the degraded experience as we fix it.
Recent DEGEN Token Burns Through Community Engagement
Three recent community engagement challenges resulted in significant DEGEN token burns: - August 14: 416,500 DEGEN burned through two social challenges involving @ts_tomek and @bobbyong posts - August 11: 507,860 DEGEN burned based on post engagement metrics - August 6: 643,605 DEGEN burned from community interaction Total tokens burned across these events: **1,567,965 DEGEN** All burns verified on Basescan with [transaction proofs](https://basescan.org/tx/0x30f8f9160d7fa5655dd2949c11ca46de458db7a81e26b665af296ee50a65b4c9).
CoinGecko Co-founder Joins DEGEN Movement
In a significant development for the DEGEN community, CoinGecko co-founder Bobby Ong has embraced the signature top hat avatar on both Farcaster and X platforms. - Bobby Ong (@bobbyong) updated his profile picture to include the iconic top hat - This represents growing mainstream recognition for the DEGEN community - CoinGecko and GeckoTerminal remain essential tools for market tracking This milestone demonstrates increasing adoption of DEGEN culture in crypto leadership circles.
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.