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Thomas
@aviationdoctor.eth
Once the current utility from free tipping disappears with the final airdrop, is there a genuine long term bull case for $DEGEN? What will prevent it from decaying into irrelevance like the thousands of meme coins before it? Looking for serious replies, not $DEGEN to $1 memes.
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Chaos 🎩
@multifractal.eth
By the way, what is your idea?
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Thomas
@aviationdoctor.eth
IMHO >90% of participants in $DEGEN care not about the token nor its social utility, but rather about making money from either receiving tips or price increase. I don’t imagine them tipping once the free daily allowance stops. So, I have a wait-and-see attitude about what other utility the token might have to offer.
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Thomas
@aviationdoctor.eth
I also think integration of $DEGEN into a major Farcaster client, such as Warpcast, for native tipping, channel creation, channel passes, NFT mints, etc. would go a long way to sustaining the token’s existence, but I haven’t seen the Merkle team signal any willingness to do that
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Iggy
@iggy
100% agree with this. Great take and well explained. 👩✈️ 267 $degen (just in case number go up)
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