Background

Degen

Degen, 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. Our points system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.

Integrationstwitter

Security Alert: Increased Scam Activity During Market Uptrend

Thu 24th Apr 2025
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

Thu 27th Mar 2025
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

Thu 19th Dec 2024
**@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

Thu 10th Oct 2024
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

Mon 7th Oct 2024
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 Launches $DEGEN Bounty Page

Mon 7th Oct 2024
**@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.
Community article

DEGEN Halloween Bounty Increased

Mon 7th Oct 2024
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 Launches Experimental Feature for High-Value RainDrops

Thu 3rd Oct 2024
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.

Season 8 Airdrop Now Live on Degen.tips

Thu 3rd Oct 2024
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.*
Community article

Airdrop Eve Anticipation Builds in Degen Community

Thu 26th Sep 2024
The Degen community is buzzing with excitement as another airdrop eve approaches. This recurring event has become a significant moment for participants in the ecosystem. - Airdrops typically distribute free tokens to eligible wallet addresses - They often reward active community members or early adopters - Anticipation builds as users speculate on potential rewards While enthusiasm is high, it's important to approach airdrops with caution: - Not all airdrops are legitimate or valuable - Always verify sources and be wary of scams - Research the project and token utility before participating Stay tuned for more details on the upcoming airdrop and its potential impact on the Degen ecosystem.
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