Thomas on Warpcast

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Thomas pfp

@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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Thomas pfp

@aviationdoctor.eth

And before someone says “network effect” or “Lindy”, Farcaster has been around for nearly three years and $DEGEN for just over three months. $DEGEN isn’t Farcaster’s native and official token, and its current moat (free tipping) can be easily replicated by the next meme coin.

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Dracklyn.degen.eth 🎩 pfp

Dracklyn.degen.eth 🎩

Quality discussion all around. The bull case I see for Degen is adoption. Degen is branding itself as a social token. If you you look closely, the team for the past months has been building the infrastructure and partnership for that to happen. I see a couple of viral apps coming out of Degen

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Juli 🎩↑ pfp

Degen did groundwork for real economy: 1. Positioning + Contribution to FC, Base, builders & powerusers > value-add for all from funding, distribution, use cases, early users 2. long-minded contributors do smart invests > fair launch > accept dilution to grow econ, onboard people (earn without buying but tips + apps)

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artlu pfp

am watching for flywheels to prove out: - project buys $degen on open market to distribute to users - users flock to project to receive $degen and stick - new projects need $degen for attention economy (rather than alt memecoins) I understand the project grants, but they kinda muddle the signal. It's OK, I think

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evmlion pfp

I think it's actually more bullish (assuming there will be a base season) than bearish because the dilution is over. That said I believe very few meme coins can survive more than one cycle

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Luckyninja 🎩🆓

@luckyninja.eth

Honestly I feel as if it will go into lp providers/ some form of staking/its became a social concept now and is beginning to prove itself and as always if the people believe and hold then of course price go up but personally I feel as if some big things coming. And it's beyond a meme it is this network and community.

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Chaos 🎩 pfp

@multifractal.eth

By the way, what is your idea?

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Chaos 🎩 pfp

@multifractal.eth

Warpcast attracted the audience by implementing the tipping policy and used $DEGEN for this. I think Warpcast could have done the same thing with any other meme coins. $DEGEN growth is due to the app. If the platform doesn't expand its features or integrate with other services, the token's utility might be restricted.

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Dray11.Base.eth

Generated some really good discussion here, still formulating an opinion so not much to contribute just yet 100 $degen

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gidwell 🎩 pfp

are you still holding?

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divya pfp

degen has been providing grants to those who are building on top of the degen chain or using degen in any way. they also had a ‘deploy with degen’ week recently, which seems to have been a huge success based on the sheer number of applications. https://warpcast.com/nick/0x5157c90b

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gidwell 🎩 pfp

btw - this looks interesting will be watching closely to see how well this does at onboarding FC users https://twitter.com/G7_DAO/status/1783572972608913696

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yehoshzl pfp

Asked this same question in a bit longer format… I think current answer is gas on L3. https://designingtokenomics.com/designing-tokenomics-blog/going-degen-the-degen-token-thats-taken-farcaster-by-storm

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zKD 🎩 pfp

The L3 memecoin will pump attracting more degens to lock their supply of tokens in the Degen chain. TVL will increase. New Dapps would be built on top of the L3 chain, onboarding more users. That’s the bull case.

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