If you’re a fan of memecoins and degen culture, get ready to dive into the wild world of DEGEN chain! This shiny new layer-3 network is built specifically for the memecoin community, and it’s already making waves in the crypto space.
So, what’s the deal with DEGEN chain? Well, it all started with Jacek Trociński, a former data engineer who saw an opportunity in the degen channel on Farcaster. He noticed that tokens were popping up left and right, attracting tons of attention and inflows. That’s when the lightbulb went off in his head.
Trociński got to work on a token with similar tokenomics to Blur’s BLUR and Uniswap’s UNI. The result? The DEGEN token, which rewards users for being active in the channel, receiving likes and comments, and holding certain NFTs. It’s like a loyalty program on steroids!
Developers quickly caught wind of the DEGEN token and started building applications around it. Why? Because launching a token is a hassle, with legal issues and liquidity pools to worry about. By using DEGEN, they can focus on building killer apps instead.
DEGEN chain itself is all about customization for the memecoin community. It’s not trying to reinvent the wheel technologically, but rather serve as an application layer chain. Want Farcaster pre-compiles? You got it! The possibilities are endless.
Trociński believes that if DEGEN chain becomes the go-to spot for memecoin apps and games, it’ll be a goldmine. And with DEGEN as the native gas token, it’s built on the Arbitrum Orbit chain, settling on Base and using AnyTrust for data availability.
So, if you’re ready to embrace your inner degen and dive into the wacky world of memecoins, DEGEN chain is the place to be. Get ready for a wild ride!
