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.

At launch, Degen created roughly 37 billion tokens, with 70% intended for the community! Another 15% has been allocated to form a liquidity pool, and the remaining 15% will support Degen's team, investors, and the broader ecosystem. Additionally, there is a 1% inflation rate set to begin in 2028