Degen

**Important Security Warning**: Scammers are actively targeting DEGEN holders. Follow these essential protection steps: - Store DEGEN in vault using dedicated wallet - Maintain separate wallet for app testing - Never connect vault wallet to unknown sites - Avoid responding to DMs claiming to be Degen team **Official Resources**: The only trusted source is [degen.tips](http://degen.tips) *Remember*: No legitimate team member will ever DM you directly. Recent increase in impersonators across social platforms requires extra vigilance.

**Farcaster**, the decentralized social media protocol, is set to introduce free signups in a significant platform update. This change marks a pivotal moment for the network's accessibility and growth potential. The $DEGEN token, which has been instrumental in Farcaster's development through its tipping and reward system, will likely see increased utility with this expansion. - Free signups remove entry barriers - Builds on existing $DEGEN tipping ecosystem - Expected to accelerate platform adoption *Previously, users needed to purchase credits to join Farcaster.*

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.

**@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 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, 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.

**@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.

The DEGEN Halloween bounty has been increased by 100,000 $DEGEN tokens. Participants are invited to: - Dress up in any costume theme - Hold a sign saying 'Happy $DEGEN Halloween' - Submit their entry for a chance to win All legitimate entries will receive a commemorative NFT. The bounty is hosted on the poidh.xyz platform. **How to participate:** 1. Choose your costume 2. Create your sign 3. Submit your entry at https://poidh.xyz/degen/bounty/718 Join the festive celebration and showcase your creativity!

Degen Tips has introduced a new experimental feature for its RainDrop system: - RainDrops valued at over 10,000 $DEGEN will now be automatically quote-casted from Jacek's official account. - This feature aims to provide increased exposure for initiatives, projects, or events on Farcaster. - Users can try the new feature by visiting https://www.degen.tips/raindrop/current This update offers a unique opportunity for Farcaster users to gain visibility within the community through high-value RainDrops.

The Season 8 airdrop is now available on Degen.tips. Community members are encouraged to claim their rewards and explore Degen Chain applications: - Claim your airdrop at http://Degen.tips - Check out Degen Chain apps: - @poidhxyz - http://NFTDegen.lol The community's participation is appreciated. Enjoy the airdrop and have fun exploring the ecosystem. *Note: Always exercise caution when interacting with blockchain applications and verify links before connecting your wallet.*