Jacek.degen.eth 🎩 on Warpcast

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

1/5 On Base, we’re the 3rd largest token by wallet holders, trailing only USDC and WETH. Our recent distribution round has placed Degen in the hands and minds of nearly everyone on Base, and our reach extends beyond. The question now is: how do we build value for Degen holders?

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

2/5 Should our goal be to find effective and legal ways to earn revenue and redistribute value to token holders, making Degen integral to amazing products, games, social dApps, and more?

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baubergo pfp

What set DEGEN apart from other projects was the unique combination of memecoin + SocialFi, which fostered a robust community. Without careful direction, we risk becoming just another generic project, which is exactly what we want to avoid imo. How can we continue to build projects that leverage this SocialFi uniqueness, especially since we are still the leaders in this territory?

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@sleepypenguin.eth

Balancing all the elements would be ideal, right? I’m not a dev or a builder, but wouldn’t acquiring valuable companies while supporting our builders be the best approach? It could provide more exposure and opportunities for FC builders. Continue building! I believe in the future of DEGEN.

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Anatcrypto 🏗️🎙️🎩 pfp

Anatcrypto 🏗️🎙️🎩

@anatcrypto.eth

Great roadmap! Scaling L3 is all about replicating the entire L1 and L2 ecosystem on a centralized server with minimal fees and latency. You need to have an internal DEX, lending, games, ENS, social graphs, NFT marketplaces, a smart wallet, and so on. But mainly social-oriented games.

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Windy|₿Ξ∞🎩 pfp

Windy|₿Ξ∞🎩

People often only see one side of an problem due to their personal biases and knowledge. But you already have the answer, combination of it all. Just do it!

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joshisdead.eth pfp

@joshisdead.eth

LFG! Actually waiting for DEGEN to get recognition and be listed on @coinbase 🤩

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standpoint.degen.eth 🎩 pfp

standpoint.degen.eth 🎩

@standpoint.eth

Lower token emissions. Make it clear and public it is being lowered for good. Make it mandatory to hold at least x DEGEN to be eligible for tipping. Negotiate a tier1 CEX deal when market turns back to bullish. Re-energize the higher profiles here on Farcaster so they show some love to Degen.

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checkpoint pfp

What if ADIDAS starts producing special base- degen hats? If you are holding $degen get the discount.. massive adoption

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bry pfp

Most importantly: Keep shipping, success or failure, progress matters most.

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bry pfp

Moar consumer crypto apps that use $DEGEN and Degen L3 under the hood. Moar partnerships with Vegas style influencers from web2 world

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Melissa Burr 🍓 pfp

Melissa Burr 🍓

I don't know the exact answer but I do know what you've done right so far and you should keep doing it. You've taken a complex idea and simplified it in stages. You've established a brand and a presence brick by brick. You should continue this foundation with every idea you pursue, one at a time. Keep walking at your team's pace. Doing too much all at once can be crippling. I think this is one of your team's greatest strengths. Choose one initiative at a time and build it up as you have tipping. A concrete understanding is criminally underrated. DEGEN is a widely understood brand. Keep it up 🙌🔥

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Beninem pfp

How do you build value?! Dude you literally don't change your strategy! Get DEGEN into hands of good content creators, reward them for their thoughts or comments. You become what Reddit should have been with their upvotes but you have something of actual value to the creator of content. Perhaps you create your own Farcaster client with DEGEN tips integrated better? Either way you already know the challenge all this poses though, ie fighting Sybil bot farms. That's where YOU need to earn your dev dollars.

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Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

I would love to see Degen build a creator first platform. Perhaps Instagramesque with tipping built in as a native mechanism for web2 users?

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Sam (crazy candle person) ✦ pfp

Sam (crazy candle person) ✦

Start building additional support for open source devs. OSS is where all the value is created first 😊 I also don’t think you should have a singular focus, it should be expanding the DEGEN ecosystem for everyone.

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Chinmay 🕹️🍿 pfp

Chinmay 🕹️🍿

You have to start providing real world value like Shopify integration and Uber payments.

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tomuky pfp

wayyy too early to redistribute value to token holders. all of it needs put into growing the ecosystem.

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stellabelle🎩 pfp

stellabelle🎩

you’re asking all the right questions

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irfii.degen.eth🎩🎭Ⓜ️ pfp

irfii.degen.eth🎩🎭Ⓜ️

Impressive milestone @jacek Building value for Degen holders could involve enhancing utility through innovative features or fostering community engagement. Exciting times ahead for Degen

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hoshino🎩 pfp

Here's a proposal regarding incentives. In a mechanism similar to a Convertible Bond, an NFT plays a role with yield up to a certain value. If Degen rises to maturity or a specified value, it becomes possible to burn the NFT and receive $Degen tokens in return. A Convertible Bond is typically issued by companies that do not want to depress their stock prices. While it can potentially act as a downward pressure on future stock prices when converted, it does not contribute to current selling pressure.

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