Vitalik Buterin Uses $DEGEN for Charitable Causes

🤔 Vitalik's Surprising Move

By Degen
Oct 17, 2024, 6:22 PM
twitter

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.​

Sources

Awesome to see @VitalikButerin use $DEGEN to support important causes. If our token can help make a positive impact, that’s what it’s all about. Huge respect for still holding 7.5M $DEGEN—it’s because of Ethereum that we can build our own communities and economies around them.

Spot On Chain
Spot On Chain
@spotonchain

Vitalik Buterin (@VitalikButerin) just sold $341K worth of meme-coins #MOODENG, $DEGEN, $NEIRO, $KABOSU, and stablecoin $USDT for 140.67 $ETH in the past 30 minutes. At the same time, he also sent 100 $ETH ($242K) to the “Free Alexey & Roman” campaign, supporting the legal

Image
349
Reply
Read more about Degen

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.

Bountycaster Launches $DEGEN Bounty Page

Bountycaster Launches $DEGEN Bounty Page

**@bountycaster** has introduced a new bounty page for $DEGEN token holders. This platform serves as a dedicated space for the Degen community to: - Post bounties for tasks or services - Take on bounties to earn $DEGEN tokens The new page functions similarly to Fiverr, but specifically for the Degen ecosystem. It provides a streamlined way for community members to exchange skills and services for $DEGEN tokens. **To explore the new bounty page, visit:** http://bountycaster.xyz/degen This development offers new opportunities for $DEGEN holders to engage with the token and community.