Degen

Degen

ERC 20 token fostering community growth among builders, content creators, and users in the Base and Farcaster ecosystem. Learn more

Launch date
Market cap
-
Enterprise valuation
$6—9m (Dealroom.co estimates Feb 2024.)
Palo Alto California (HQ)
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DateInvestorsAmountRound
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$1.5m

Seed
Total Funding$1.5m

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DEGEN is an ERC 20 token launched in January 2024, initially distributed through an airdrop to the Degen channel community on Farcaster. The company aims to build a community focused on developing a better future for the internet by engaging builders, content creators, and users within the Base and Farcaster ecosystem. DEGEN operates in the cryptocurrency market, specifically targeting individuals and groups interested in blockchain technology and decentralized communities. The business model revolves around the distribution and trading of the DEGEN token, which can be earned through participation in the community or purchased on Uniswap using ETH. Revenue is generated through token transactions and potential future partnerships or services within the ecosystem.

Keywords: ERC 20 token, blockchain, cryptocurrency, airdrop, community, Base, Farcaster, builders, content creators, Uniswap.