Degen

A "Degen airdrop" refers to a token distribution event in the cryptocurrency and blockchain space, typically targeting "degen" (short for "degenerate") traders and enthusiasts. The term "degen" in crypto culture is often used humorously to describe high-risk takers who engage in speculative trading, yield farming, or other risky crypto ventures.

Here’s a breakdown of what a Degen airdrop entails:

Key Characteristics of a Degen Airdrop
Target Audience:

Usually aimed at crypto enthusiasts who are highly active in the decentralized finance (DeFi), NFT, or meme-token ecosystems.
Degen traders often chase high returns and are willing to engage with experimental or emerging projects.