Degen

Realizing just now that most OG farcaster users really think $degen mainly benefitted from farcaster & it could have been any other token that went to a billion $ mcap.

The origin story is ofc farcaster & the degen channel helped to bring some people together that wanted a fun memecoin and turn that fun memecoin into something more for farcaster and base. (Proxy, Payment token, etc)

Jacek, wake, oxen AND other diehard holders & supportive degens (tipping, apps) made it happen and promoted base & farcaster signups like crazy for free. 

Ofc degen also profited from farcaster updates and devs supporting it - but paid quite a lot for it via tips, grants, fees.

IMHO they’d deserve the biggest airdrop ever from farcaster for bringing in early users (when fc team didn’t care about growth).

Ps: other Farcaster tokens like $higher would never have gotten to 10m+ without Degen setting the ceiling and Degen profits reinvested - which enabled core people to ultimately turn it into sth attractive 🙂

In the last 3 conferences I attended, when I connect with someone, the first thing I ask them to follow them on FC (before X). Most people tell me they don't use it much (they usually have one or no cast) and the reasons they got into FC are mostly because of $DEGEN.

Definitely the launch of Frames almost simultaneously was a force that pushed exponential growth but it was not the only nor the strongest.

microsub.

Focus now on /kismetcasa - kismetcasa.xyz
Japanese Studies Student

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