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Pedro
@pedrowww
1/ Some personal thoughts about $degen. I've been active in crypto since 2015, and until 10 days ago, I had never put a single dime into memecoins. I used to consider them noise at best, and scams at worst, devoid of fundamentals and overflowing with unabated gambler energy. But $degen proved me wrong.
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Pedro
@pedrowww
2/ I witnessed the rise (and fall) of $POINTS and the flurry of memecoin experiments that followed. I watched, perplexed, from the sidelines until $Degen hijacked the eponymous /degen channel, with "$degen"-studded casts soon popping across @warpcast
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Pedro
@pedrowww
3/ Behind the meme, I was surprised to find a tight-knit group of creators, devs, and builders (@jacek, @0xen, @wake.eth, @purp) rallying up a vocal community and breathing life into what I thought was just another s**tcoin. Art, creative airdrop tactics, sticky memes, DAO… $degen seemed to be ticking all the boxes.
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Pedro
@pedrowww
4/ In a matter of weeks, it has blossomed into a thriving, eclectic, and innovative ecosystem (proof is @chi ecosystem map: https://www.mindmeister.com/app/map/3142922024?t=7SnUxrahr2). What’s remarkable is the near-perfect motive alignment between the token’s and FC’s growth.
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Pedro
@pedrowww
5/ Price talks around the "unofficial" Farcaster token are minimal, and rather, the $degen community is using the whole FC arsenal (Frames, in-app mints, tips) not only to boost the token’s legitimacy but also to support builders and artists in the process (/degenangels)
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Pedro
@pedrowww
6/ $degen has been an eye-opener, a true benchmark for the power of community synergy, composability, gamification, permissionlessness, and ownership. It goes way beyond the "number go up" narrative and ushers in a new way for web3 natives to create value, purpose, and fun.
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Kaloh
@kaloh
1000 $degen
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Hassan
@hassanb
I discovered Farcaster through an X mutual that was talking about getting a hefty airdrop from just talking in the /degen channel. It’s an interesting app, but it makes me think how far the coin itself goes.
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