Degen

Investing in an internet that turns users into owners

2019: Reddit tried community currencies & failed
2024: Farcaster memecoins working as community currencies. 

The diff is cultural, in part.

But also wallet-native social enables memecoins to be a first-class part of the product experience (e.g.tipping $DEGEN, claiming via Frame, etc) 

@variant likes these memecoins

$DEGEN has laid out the economics of Farcaster channels

Create a channel, build a community, launch a token, reward those who were early 

Use token as a karma system for being active

Use token as a channel currency for rewarding contributors and content

building /hype 
walking /10k
ycs22 
uchicago baseball ‘19
download hype here
https://apps.apple.com/us/app/hype-trade-memes/id6477802830

Going to see a lot more of this, I’m sure. 

A currency for every community is one of the things I’ve been waiting for in crypto. 

Each one imbued with whatever values that community cares about.

Agreed. I also think the key here is to keep things low stakes, fun, and to lean into the meme of the community