Degen, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with DEGEN for posting quality content.

Degen's introduction underscores the growing trend of leveraging blockchain technology and cryptocurrency to incentivize participation and drive innovation in online communities.

This incentivization mechanism encourages users to contribute valuable content, thereby enhancing engagement and fostering a vibrant community within the Farcaster ecosystem.

The introduction of Degen, an ERC-20 token launched in January 2024, has had a significant impact on the Farcaster ecosystem. By allowing Casters to reward others with DEGEN tokens for sharing high-quality content, Degen has reshaped the dynamics of the platform.