𝗧𝗼 𝗠𝗲

(1/3)🧵 @jacek 

✅️ Someone needs to tell you truth

The reason 99% of people buy $Degen is not to reward high-quality contents.

Warpcast already has "Pay" feature.
(There is no need to buy $Degen and lock it up for 3 months)
If someone really wants to say thank you, they can use that feature. Isn't it?

The reason many people participate is to make money. If this isn't a volunteer organization, it's the same as any other project.

So many people will reward some of their allowances with really good content, but they'll want some of their allowance back.

Of course, 1% of participants will do it the way you want.
But they also have a purpose. 
This may be to promote their own projects or market themselves.

For really pure purposes, you can simply use the Pay function as I said above.

You can't find a way because this is an inconvenient truth.

So you keep thinking about Parts I, II, III + @mcdegen, but you yourself realize that it's like throwing everyone out. Everyone has a little bit of it.

Degen

1️⃣ The Lockup Vault – A Bad Deal for DEGEN?

The vault was designed to require users to hold DEGEN in order to receive daily tipping allowances. The idea was that this would reduce sell pressure and incentivize long-term commitment.

But the numbers tell a different story:
	•	Right now, a 1.9M DEGEN deposit gives you a 10K DEGEN daily tip allowance
	•	If fully farmed over a year, this results in an APR of 184% 😳
	•	That’s a massive ROI for a short lockup, creating huge inflation in the ecosystem

This raises a key question: Are we getting enough back for giving out these rewards? Right now, it looks like the system is disproportionately benefiting farmers rather than long-term ecosystem participants.

반모 BANⓂ️O

새해 복 많이 받으세요!
디제니는 이제 할당도 안주나봐요

Farcaster

Massive Ban of Korean Users in $DEGEN

January 27
The degen team implemented a massive ban targeting Korean users just three days before the distribution of lock-up rewards, excluding them from receiving rewards. 🥹

What is $DEGEN?
$DEGEN allows users to lock up their purchased tokens for 3 months in exchange for daily rewards. These rewards are distributed as $DEGEN tokens, which can then be shared with friends through comments on the #Warpcast app.

The Current Issue
In the past, $DEGEN’s system allocated additional tokens for simple actions like commenting and liking. However, the current structure ties the daily reward pool directly to the tokens staked for the 3-month lock-up period. This reward pool should rightfully be distributed to the stakers, regardless of the team's opinion of individual participants.

More
https://x.com/9RoHem/status/1884159249091366914?t=J52nvFJkB9xI2eDwoGO8Yw&s=19

GN Degens!

I’ll be reviewing the ban list tomorrow to remove any false positives. We took the worst spam farming profiles from the leaderboard and banned anyone who tipped them 3+ times.

Please be mindful of who you tip.

Bans only apply this season—new rules coming next season as we work on a proper fix.

GM Degen님, /⁠easypaid 채널에서 Degen 팁을 모두 삭제했습니다. 앞으로는 /⁠easypaid 또는 유사한 채널의 팁이 제거될 예정입니다. 농부들은 창작자를 지원하는 대신 가치를 추출하고 있습니다. 우리는 토큰 보유자를 보호하고 고품질 콘텐츠에 보상을 제공하기 위한 더 나은 방법을 연구하고 있습니다.
참고하셔요

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