Degen

Daily Discussion Thread - /degen - February 28, 2025

If you used to tip $DEGEN regularly but have slowed down or stopped, what changed? What would make tipping exciting or worthwhile for you again?

and in addition to those, your reward approach is, i guess, part of marketing. But in my opinion is not working. I don't remember if the community was asked about the decision to give such an award, but I think your distribution of awards via warpcast is wrong. 

Instead of rewarding accounts in the warpcast, it is more useful to reward those who contribute directly to degen. It is better to do this in a way that attracts not only those from warpcast but also those in X.

How many of the million holders have a balance of more than $100? The number of holders has been very high since the days of keeping 10k degen in the wallet. Also farmers already have a lot of alt accounts and other wallets. I'm saying that the degen distributed at the warpcast rewards won't work because I think it will be the same as the airdrop in terms of sales pressure. Instead, we can allocate it to people who directly contribute to degen. As for the advertising campaign, there are already 1 million holders. We need quality wallets, not quantity. We should also focus outside of Warpcast.

From my perspective, price is all-encompassing. I'm very familiar with the financial markets. And I have never seen otherwise. Even if there are very short-term incompatibilities, the price will come back to its value. The whole market is falling, but if we are experiencing much more of this fall, it means there are mistakes / deficiencies we are making.

We’ve got over a million holders on Base—what makes you say it’s not working? Are you mainly looking at price? If so, what do you think is the biggest factor driving it up or down?