Jamfrens Launches App for Buying and Selling Casts Using DEGEN Token
Jamfrens Launches App for Buying and Selling Casts Using DEGEN Token
🤑 New App Shakes Up...
Jamfrens, a prominent entity in the Farcaster ecosystem, has officially launched their application that allows users to buy and sell casts using the DEGEN cryptocurrency. Additionally, creators will earn DEGEN tokens every time a transaction occurs on their casts. This development comes as the DEGEN token, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with DEGEN for posting quality content. The points system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.
Our friends at @Jamfrens have officially launched their app. Now, you can buy and sell casts using $DEGEN. Plus, as a creator, you'll earn $DEGEN every time someone transacts on your casts.
Jam App Beta Main Launch is now OFFICIALLY LIVE 🟣🚀 🟪 You can use it to monetize your casts, as well as a client to cast on Farcaster! 🟪 Onboard, and earn JAM Points with your invitation code (top right hand corner 🪂 Airdrop 🪂) NOW! jam.so
Security Alert: Increased Scam Activity During Market Uptrend
As market conditions improve, there's a notable increase in scammer activity targeting crypto users. Key safety reminders: - Never trust unsolicited links or messages, regardless of appearance - Use only [Degen.tips](http://Degen.tips) as the official website - Verify authenticity through official Farcaster channel: [warpcast.com/jacek](http://warpcast.com/jacek) Multiple reports of impersonators attempting to phish and steal assets have emerged. Exercise heightened caution when connecting wallets or approving transactions.
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.
Advent of Degen - Day 18 Highlights
**@kaspotz**, creator of @poidhxyz, receives community recognition for building one of Degen chain's most engaging platforms. The platform enables users to: - Post bounties - Verify completion with photos - Earn rewards **Bridge Updates:** - bridge.degen.tips preparing to implement Stargate routes - Currently users can bridge directly via Stargate - Trading available on @CamelotDEX after bridging *Notable Achievement:* @poidhxyz recently celebrated 2,000 DEGEN bounties milestone.
DEGEN Implements Anti-Farming Measures and Plans Vault Upgrade
DEGEN is cracking down on tip-for-tip farming: - Users caught trading tips excessively will lose their allowance - Daily tip allowances total 5M DEGEN ($1.2M/month at current prices) - Planned vault upgrade: longer locks = larger share of tip pool DEGEN aims to discourage low-tier farmers and maintain system integrity. Users are advised to consider these changes when locking DEGEN. **Reminder:** To receive tip allowances, extend your lock or re-lock withdrawable LDEGEN.
Vitalik Buterin Uses $DEGEN for Charitable Causes
Vitalik Buterin, co-founder of Ethereum, has utilized $DEGEN tokens to support important causes. This move highlights the potential of cryptocurrencies to make positive impacts beyond financial transactions. Key points: - Buterin still holds 7.5M $DEGEN tokens - The use of $DEGEN for charitable purposes aligns with the token's community-centric ethos - This action demonstrates how Ethereum enables the creation of unique communities and economies The $DEGEN community expresses respect and appreciation for Buterin's actions, emphasizing the importance of using blockchain technology for social good.