Question 1

What is Degen (DEGEN)?

Accepted Answer

Degen (DEGEN) is a cryptocurrency inspired by meme culture and designed for use in decentralised ecosystems. It is an ERC-20 token deployed on multiple chains, including Base, Ethereum, and Arbitrum. The token serves as a reward mechanism within Farcaster, a decentralised social network, where users can tip content creators for high-quality contributions.

DEGEN also powers the Degen Chain, a Layer 3 blockchain built on Base. Known as the "Las Vegas of blockchains," the Degen Chain supports experimental decentralised applications (DApps) and encourages community-driven innovation.

Question 2

What is Degen (DEGEN) used for?

Accepted Answer

- **Content Rewards**: DEGEN incentivises Farcaster users by enabling tips for quality content creators, encouraging active participation and community engagement.
- **Degen Chain Applications**: DEGEN is the backbone of the Degen Chain, a Layer 3 blockchain supporting decentralised applications such as:
  - Degen Swap: A platform for swapping DEGEN and other tokens.
  - NFTs2Me: Tools for creating and trading NFTs.
  - Bountycaster: A bounty-based platform for completing tasks.
  - DegenPad: A crowdfunding tool for new or ongoing projects.
- **Gaming and NFTs**: The token can be used for purchasing NFTs and participating in blockchain-based games, including a PvP meme-fighting game.
- **Crowdfunding**: DEGEN supports project funding through DegenPad, enabling creators to raise funds from community tips.

Question 3

Who created Degen (DEGEN)?

Accepted Answer

Degen (DEGEN) was developed by Gentleman Labs, founded by Jacek (CEO) and Colton (COO). The duo, with professional backgrounds in technology and finance, previously worked at firms such as Acorns and Credit Suisse. Gentleman Labs focuses on creating innovative, community-driven tools that align with the blockchain's ethos of decentralisation.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	DEGEN-USD DEGEN-USD	coinbase	AA	0.001052USD	-1.41%	47,141,648.00DEGEN	346	0.001067USD	0.001085USD
2	DEGEN-USDT DEGEN_USDT	whitebit	BB	0.001048USDT	-1.41%	40,975,615.00DEGEN	5,045	0.001063USDT	0.001094USDT
3	DEGEN-USDT DEGENUSDT	bybit	A	0.001050USDT	-1.05%	34,197,046.00DEGEN	1,219	0.001061USDT	0.001093USDT
4	DEGEN-USDT DEGEN-USDT	okex	A	0.001052USDT	-1.30%	12,910,492.00DEGEN	412	0.001065USDT	0.001085USDT
5	DEGEN-USDT DEGEN_USDT	gateio	A	0.001049USDT	-1.34%	5,273,642.00DEGEN	496	0.001063USDT	0.001085USDT
6	DEGEN-USD DEGENUSD	kraken	AA	0.001048USD	-1.32%	2,463,177.43DEGEN	32	0.001062USD	0.001083USD
7	DEGEN-USDT DEGEN-USDT	kucoin	BB	0.001053USDT	-1.31%	1,457,837.00DEGEN	244	0.001067USDT	0.001088USDT
8	DEGEN-USD DEGEN_USD	cryptodotcom	AA	0.001061USD	0.13%	980,200.00DEGEN	42	0.001060USD	0.001086USD
9	DEGEN-USDC DEGEN-USDC	okex	A	0.001052USDC	-1.17%	576,254.00DEGEN	69	0.001065USDC	0.001085USDC
10	DEGEN-USD DEGEN-USD	okex	A	0.001087USD	0.01%	0DEGEN	0	0.001087USD	0.001087USD
11	DEGEN-EUR DEGENEUR	kraken	AA	0.0₃9430EUR	0.00%	141,979.84DEGEN	1	0.0₃9430EUR	0.0₃9430EUR
12	DEGEN-EUR DEGEN-EUR	okex	A	0.0₃9361EUR	0.00%	0DEGEN	0	0.0₃9361EUR	0.0₃9361EUR
13	DEGEN-USDT degen_usdt	lbank	C	0.001049USDT	-1.34%	1,580,448,305.83DEGEN	84,800	0.001063USDT	0.001087USDT
14	DEGEN-USDT DEGENUSDT	bitrue	D	0.001053USDT	-1.22%	114,028,784.00DEGEN	29,420	0.001066USDT	0.001100USDT
15	DEGEN-USDT DEGENUSDT	mexc	C	0.001051USDT	-1.09%	52,738,673.76DEGEN	3,092	0.001063USDT	0.001083USDT
16	DEGEN-USDT DEGEN_USDT	bydfi	-	0.001050USDT	-1.18%	45,072,360.97DEGEN	3,309	0.001063USDT	0.001083USDT
17	DEGEN-THB THB_DEGEN	bitkub	C	0.03556THB	0.48%	34,197,046.00DEGEN	1,219	0.03539THB	0.03701THB
18	DEGEN-USDT DEGEN_USDT	coinw	-	0.001052USDT	-1.16%	18,482,894.69DEGEN	1,481	0.001064USDT	0.001083USDT
19	DEGEN-USDT degen_usdt	digifinex	D	0.001053USDT	-1.13%	3,761,768.80DEGEN	237	0.001065USDT	0.001085USDT
20	DEGEN-USDT degen_usdt	xtpub	-	0.001053USDT	-1.00%	3,461,945.50DEGEN	173	0.001063USDT	0.001085USDT
21	DEGEN-USDT DEGEN_USDT	bitunix	C	0.0₃7210USDT	0.00%	0DEGEN	0	0.0₃7210USDT	0.0₃7210USDT
22	DEGEN-EUR DEGEN-EUR	bitvavo	B	0.0₃9310EUR	-1.66%	2,075,700.44DEGEN	47	0.0₃9468EUR	0.0₃9553EUR
23	DEGEN-INR DEGENINR	coindcx	-	0.1028INR	-1.95%	550,964.59DEGEN	44	0.1049INR	0.1074INR
24	DEGEN-USDT DEGEN-USDT	btse	-	0.001005USDT	-2.43%	224,562.18DEGEN	1,353	0.001030USDT	0.001096USDT
25	DEGEN-EUR DEGENEUR	bit2me	B	0.0₃9430EUR	0.00%	141,979.84DEGEN	1	0.0₃9430EUR	0.0₃9430EUR
26	DEGEN-IDR degenidr	indodax	E	19.00IDR	-5.00%	98,211.78DEGEN	12	20.00IDR	20.00IDR
27	DEGEN-USDT DEGENUSDT	hitbtc	E	0.001563USDT	0.00%	0DEGEN	0	0.001563USDT	0.001563USDT
28	DEGEN-USD DEGEN-USD	btse	-	0.001005USD	-6.60%	41,885.66DEGEN	1,814	0.001076USD	0.001097USD
29	DEGEN-USDC DEGEN-USDC	btse	-	0.001050USDC	-1.87%	19,858.76DEGEN	1,255	0.001070USDC	0.001097USDC
30	DEGEN-USDT DEGENUSDT	coinex	C	0.001092USDT	0.00%	0DEGEN	0	0.001092USDT	0.001092USDT
31	DEGEN-USDT degenusdt	huobipro	C	0.0₃7310USDT	0.00%	0DEGEN	0	0.0₃7310USDT	0.0₃7310USDT
32	DEGEN-BTC DEGENBTC	coinex	C	0.0₇1321BTC	0.00%	0DEGEN	0	0.0₇1321BTC	0.0₇1321BTC
33	DEGEN-KRW DEGEN-KRW	gopax	D	1.51KRW	0.00%	0DEGEN	0	1.51KRW	1.51KRW
34	DEGEN-USDT DEGEN_USDT	poloniex	C	0.0₃9620USDT	0.00%	0DEGEN	0	0.0₃9620USDT	0.0₃9620USDT