DEGENDEGEN

Degen is a meme token that is distributed to the community on the decentralized social network Farcaster. It was initially created as a reward token for participants in the Farcaster Degen channel. Although it started out as a meme-related token, it now has a large number of developers, crypto content creators, and enthusiasts who purchase it. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster Degen channel, with plans to eventually airdrop 70% of the total token supply.