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@juli
Realizing just now that most OG farcaster users really think $degen mainly benefitted from farcaster & it could have been any other token that went to a billion $ mcap. The origin story is ofc farcaster & the degen channel helped to bring some people together that wanted a fun memecoin and turn that fun memecoin into something more for farcaster and base. (Proxy, Payment token, etc) Jacek, wake, oxen AND other diehard holders & supportive degens (tipping, apps) made it happen and promoted base & farcaster signups like crazy for free. Ofc degen also profited from farcaster updates and devs supporting it - but paid quite a lot for it via tips, grants, fees. IMHO they’d deserve the biggest airdrop ever from farcaster for bringing in early users (when fc team didn’t care about growth). Ps: other Farcaster tokens like $higher would never have gotten to 10m+ without Degen setting the ceiling and Degen profits reinvested - which enabled core people to ultimately turn it into sth attractive 🙂
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@juli
Ofc many people/things came together in a great way and had effects on each other. (Farcaster x Degen) That said, Degen could have been another memecoin outside farcaster but on Base and done similarly well - maybe even better without the prolonged dilution and paying heavily for some apps with tips & grants because the core people were some of the strongest high-conviction people I’ve seen and made tons of great early strategic and operational moves from community comms, to supporter/app onboarding, with a core focus on the token (not some random tech). Ultimately some pro investors might even have sold off Degen because they lacked confidence in Farcaster - while remaining bullish on Base.. (Base x Degen)
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