Degen

2️⃣ Is Tipping Still Effective?

Tipping was one of the best marketing strategies early on. It got DEGEN into the hands of new users, helped spread the brand, and encouraged people to recruit others.

But the momentum seems to be slowing:
	•	In Season 11, only 565 new wallets (that never received an airdrop before) got DEGEN.
	•	Yet, we spent $1M worth of DEGEN in that round.
	•	That means it cost $1.7K per new wallet to onboard someone via tipping.

That’s way too high for an acquisition cost, especially when there’s no guarantee that new wallets will stick around and engage long-term.

If we’re mostly redistributing DEGEN to the same users, does tipping still make sense as a growth strategy? Or should we rethink how we use the treasury?

I missed that, but ever since @mcdegen existed, relying solely on the monthly claim doesn’t make sense. We need to take into account all the child tokens that have not only created real activity on the Degen chain but also benefited many new users. I don’t have the numbers, but I’m sure they look good.

That being said, I do agree that for quite some time now, the tipping dynamic in $DEGEN and even other tip coins has disappeared. But when it was there, those who generated the most engagement were labeled as social farmers. The tip distribution mechanics aren’t optimal either.

For example, I personally have no incentive to lock more DEGEN than I currently do. With my score and my 15K DEGEN locked, I get an allowance of roughly 330 DEGEN. If I add 10K more DEGEN, that allowance only increases by 30 DEGEN. The incentive to lock isn’t well-designed.

1/2

Tip $DEGEN to mint tokens on degen.mint.club 🎩

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