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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@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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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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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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Dray11.Base.eth pfp

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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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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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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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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