Degen

Introduction: DEGEN is the native token of the Degen Chain ecosystem, used for tipping (rewarding) within the social network Warpcast. This token allows users to tip content they like, and these tips convert into points, leading to the receipt of DEGEN airdrops.

Utility: DEGEN serves not only as a tipping token but also as the gas token for transactions on the Degen Chain network. Additionally, this currency can be traded on decentralized exchanges like DegenSwap.

Development: The development of Degen Chain was undertaken by the Syndicate team in collaboration with companies such as Conduit, Decent, and Airstack. This blockchain is compatible with the Ethereum Virtual Machine (EVM) and is designed as a layer three solution for rewarding and payments within social networks.

Trading Volume: In the early stages of its launch, the daily trading volume of this blockchain reached 100 million dollars, with over 2,000 different tokens being launched on its platform.