Congratulations, you're hired!
Welcome,
We are excited to offer you the position of Community Member at $DEGEN, a leading innovator in the world of meme coins. Our latest venture, $DEGEN Tips, is designed to bring fun and financial opportunities together in the crypto space.
But first some history about your new workfunplace.....
Real Innovation Happens Organically
Recently, I reached out to someone I thought was a $DEGEN employee. An innovative product wanted to connect with $DEGEN for a memecoin showdown to attract liquidity to their platform and reward providers. To my surprise, the well-known community figure informed me they were not part of the team.
This was intriguing because I knew this prominent figure had significantly contributed to $DEGEN's growth in a short timeframe. They were not working for a salary but were instead driven by interest in the airdrop and coins they purchased on the market. Astonishing! Do you know of another industry like it?
Furthermore, as one of the top holders when $DEGEN was first airdropped, I can tell you about a group of large holders who made a pact to not sell early and help the product/community grow. We knew that for $DEGEN to be successful, it required a group effort and proper distribution.
As a tip receiver, you are now part of this unique and thoughtful group. Remember, with trust comes responsibility, and with responsibility comes rewards.
$DEGEN to $1
The Perfect Storm
As an early advocate, I recognized something special in $DEGEN. It is rare to see an opportunity with such reach. This intuition is gathered from multiple threads over many years. It's not easy to see for the regular observer, so I want to break down the opportunity that led to a 1600X gain at all-time highs.
Before diving into the story, let's first explore the word "Degen," which is the "Ape" of this crypto cycle. The word and its identity provoke a visceral reaction. Over the past few years, I've met people ranging from basement dwellers living with their parents to COOs of large blockchain projects. When asked about their entry into the crypto space, many proudly mentioned they were doing "Degen Shit." Conversely, some of the smartest people I know uttered the word with disgust, calling them single-celled organisms. When I see such extreme and polar opinions, I run toward it with force. Almost always, there is something there.
Back in early 2024, Farcaster was in its infancy. Coins were starting to pop up off the back of early meme coin hype from the Solana blockchain, like $BONK and $WIF. The first one I remember was $POINTS, but it was short-lived due to the poor distribution of the airdrop. Some early members even used it to line their pockets by selling tokens like $SPAM.
Channels had just been launched, and people were directed to cast in channels by default instead of the vanilla home feed. The /degen channel rose to be the most active channel and remains one of the top channels alongside /base. Word started to spread about an airdrop to Farcaster users based on their casting history, slightly weighted toward activity within the /degen channel. Unlike previous attempts to gain casters' attention, this was somewhat of a fair launch. $DEGEN was airdropped to users, and it had a slow start. You could buy as much as you wanted for pennies as most were selling the small amount they received.
$DEGEN Takes The Stage
Shortly after the first airdrop, the founder Jacek announced that $DEGEN would be predominantly a tipping coin, with users given an allowance based on their activity. This allowance was dynamic, with boosts for certain channels like /degen and /founders. The idea was to reward valuable casts with a coin. This took off, attracting mixed reactions. Some dove straight in and went tip ballistic, dropping $DEGEN like rain in Malaysia during the wet season. The Warpcast team leaned into it, adding the $DEGEN logo instead of the like button when $DEGEN was mentioned in a cast. This made some people angry as it was flooding their meticulously curated home feed (later, the same person would invest in the investors round, helping fund development). $DEGEN's price shot up! Many called it a bubble, which eventually deflated when the airdropped tips were distributed.
VC's Buy After Us Plebs
After the initial rise, $DEGEN started to get attention from sophisticated investors within the Farcaster ecosystem. 1conf approached the founder and acquired a share of the dev-allocated tokens in an OTC deal at a discount to the market price. This was another controversial moment for $DEGEN, as retail was starting to see VCs as arch-nemeses after the damage they had done over the years. Ultimately, 1conf is a different type of VC, providing value to the space and $DEGEN. This was a pivotal moment, boosting $DEGEN and increasing its "legitimacy."
BOOM!
One unique feature of $DEGEN's tipping mechanism was the distribution of token holders. The number of holders increased significantly in a short time. This was a huge plus for $DEGEN and an innovative way to tackle the problem of widespread distribution. As of this writing, it has the third-largest holder base of all tokens on Coinbase's Base chain at 620,080. During the Easter break in April 2024, as $DEGEN tips were distributed for Airdrop 2 Season 3, $DEGEN also launched as an L3, labeled as the casino for Web3. Interest swept through to X, bringing $DEGEN to a high of $0.064. Unfortunately, the hype died down, distribution increased, and the price slowly collapsed.
The Opportunity
After distribution, a few other attributes are essential for a token: attention and buy-in. Cobie famously blogged about how crypto is a game of attention.
Firstly, Farcaster as a content platform and an army of contributors like you provide a gateway for new participants to get acquainted with $DEGEN quickly. Never before has there been such reach.
Secondly, Coinbase's Base chain will bring a massive influx of new users. $DEGEN, being one of the most well-known tokens, and the ability to use it in fun ways will entice many as they flow through that funnel.
Farcaster is known for its dev community, which has helped $DEGEN integrate into various applications and attract builders through grant rounds. The buy-in has been astounding for a token less than six months old.
Role Description
Your role entails having fun on the internet using a new sufficiently decentralized social network. Your content is yours and cannot be rugged from underneath you. Your $DEGEN is independent and yours to use as you like.
You are free to contribute by tipping, building integrations for $DEGEN, and playing games.
It is your responsibility to use $DEGEN for fun!
Yours truly,
Community Member
yo
January vibes hit different 1️⃣ @ngmi did the math https://opensea.io/assets/base/0x30dce43d4a88aafbb7b700595b58573724b53983/89
@bigjaymes stated the obvious https://opensea.io/assets/base/0x30dce43d4a88aafbb7b700595b58573724b53983/88
@lluis offered the vision statement https://opensea.io/assets/base/0x30dce43d4a88aafbb7b700595b58573724b53983/87
@0xen provided the visuals https://opensea.io/assets/base/0x30dce43d4a88aafbb7b700595b58573724b53983/90
I can barely know how to read, imagine reading charts😅
We need more like you these days 😆 😆 😆
50 $DEGEN 😭
Good times
top man 🎩 300 $DEGEN
Thanks 🙏
gn with a little Shadows and Revelations
Love that detail Man
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
dope art friend
gn maestro
Am I the only one with dirty thoughts? 🍖 x 10 $degen 10 👏 10 $wild 10 $kat 🎭
wow! what a frame
Sooo good! 30 $RARE
Gn fam 🥱
✌️ 🤙 💙 12 $RARE
Wow, a nice solar eclipse! Gn have a sweet dream~
From Self-Doubt to Confidence: My Journey of Growth For years, self-doubt held me back. I feared failure and often procrastinated, feeling I wasn’t capable of achieving more. That began to change when I decided to learn coding, a skill completely outside my comfort zone. Initially, it felt overwhelming, and I constantly questioned myself. But I pushed through by breaking down the goal into small steps, learning from mistakes, and celebrating every bit of progress. The real transformation wasn’t just learning to code; it was the confidence I gained by embracing discomfort and persistence. I discovered that growth often comes from stepping into the unknown. Now, I approach challenges with a mindset focused on resilience and continuous learning, knowing that the biggest hurdle is often just taking the first step.
This is awesome dude! Thanks so much for sharing your story. I enjoy learning about you guys. This is cast of the day. Pinned!
thanks man
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
Thanks for sharing 🍖x55
Rock that mohawk vsck! Nice to hear your story :) 200 $degen
wow, that’s an amazing picture of me 🥰
we often think we are less than others and we don't do things but we are just adapting .
Absolutely right bro.. whatever we wanted to do if we want to we achieve it. Great broker barrier sir 🫡
thanks, means a lot to me 🍖 x10 $WILD
Weldone, that's positive mindset which is for growth. Keep it up, bro
thanks for sharing with us!
“tipping will encourage people to cast better content”
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
ok banger.
Intrinsic motivation eats extrinsic for breakfast, lunch, and dinner.
lol
666 $degen 😈
Lord of the flies type experiment There will be studies
will be talked about in universities in the coming decades
😂😂😂
ah this one made me laugh it didnt do that but it did bring artists over that are still here and still cast really great stuff all the time.
😂 😂 😂
i think our content now is amazing 420 $degen
Time (era) & location (of birth) is like 90% of your destiny
Yup. Gender, ethnicity, strength, fitness, intelligence all hit different depending where you are on the timeline.
I would say the internet has somewhat decreased the impact of location. But ig that just means that time's has impact increased. I would be a VERY different person if I was born in a pre-internet era
It's so true, even if we wish it wasn't. I was born near the end of communism in Albania, so I grew up during the transition from a totalitarian state to a democracy. I got to see firsthand what severe economic hardship looks like, and it gave me a unique perspective on freedom. It probably explains why I have such a deep appreciation for democratic values and why I see the world the way I do (more globally vs nationally)
Location plays a really important role in one’s life ngl
My question is—what isn't destiny? Throughout history, there have been countless examples of people who defied the norms of their time, shaping their lives and taking control of their destiny. Or perhaps their destiny was precisely to become the creator of their own fate, to challenge the idea of a predetermined path. I believe in both. I love astrology and find it to be accurate, as an example, but I also believe that we can change our stars and planets.
Astrologer told me the same thing
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
🙏
https://open.spotify.com/track/64Dlgk4d6JbiT8UoaHB4g0?autoplay=true
People aren’t ready for this conversation
This is deep, what determines the remaining 10% ?
https://warpcast.com/july/0x40ec6c50
I guess I’d have to check it out
I appreciate having a good support network and people that trust me. very often more than i trust myself.
are you the panda or the guy🤣
The panda sure
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
very important!! count me in!!
I feel like my Farcaster activity often comes in waves. What are 1 or 2 amazing things you've discovered on FC in the last month? I feel like I've missed stuff.
My latest obsessions: /moxie /rodeo-club
I made some fun frames this month fren did you see your fidtone yet? also, did you get a base name? https://basename.fca.st fidtone.vercel.app sorry for the self-plug, been mostly down building frames these past weeks 🫡
I dropped a new frame. That + Ⓜ️oxie have kept me pretty entertained. https://milo-claim-frame.vercel.app/api
@receipts @rodeodotclub and new Uniswap mechanic on @zora
have you tried /vibra @vibraso.eth ?
@microsub is pretty rad https://warpcast.com/downshift.eth/0x8492f12c
need to set up my microsub I receive some microsubs and its a nice reminder
Definitely been a growth of folks hosting spaces on tavern.fm and @farhouse which continues to build community. @rodeodotclub expanding the mint options. @moxie.eth for sure. and @randomerror.eth and others providing comic relief.
I really enjoyed the Tavern I hosted the other day, so I decided I'm doing it weekly. Can't wait to see what new features they release as it grows.
Moxie Onchain summer
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
@afrochicks
One thing I love about Farcaster is its open-mindedness — when we reach out and consult each other about our respective domains instead of blindly accepting pseudo-truths at face value like seems to happen on X. Anyway, here @laursa.eth and I shine some light on recent climate denial claims
Thought you might share your thoughts on the role if sulfate reduction, and/or volcano > water vapor. No rush. Thanks. https://theconversation.com/tongas-volcanic-eruption-could-cause-unusual-weather-for-the-rest-of-the-decade-new-study-shows-231074
This is super interesting. There aren't precedents that I know of. But yes, water vapor is actually responsible for about half of all radiative forcing, ahead of CO2. We don't talk about it much because humans generally don't introduce water vapor into the stratosphere (that may change if hydrogen-powered aircraft take over). Also, atmospheric water vapor has a really short life span (couple of weeks) compared to centuries or more for CO2, so it's usually not a concern. But in this instance it was a large amount of H2O at once so the effect is noticeable, mostly on the ozone layer but also (very slightly) on positive forcing. I don't have the data to say whether a regular volcanic eruption of the same magnitude, but spewing particulates instead of H2O in the stratosphere, would have had a greater (negative) forcing effect than the H2O had (in the positive direction).
All I know is that atmospheric seeding is one of the geoengineering ideas pushed forth to try and reduce the amount of solar radiation that reaches the surface of the earth, precisely because particulates (whether from ships, volcanoes, or seeding) are very effective at that
10000 $DEGEN https://paragraph.xyz/@0xzoz/degen-employment-contract
😮 thank you!
god i love you both so much
so refreshing.
This cast made me read your bio again,you are quite experienced in a lot of fields,I wonder how much time it took to be that endowed.
this was a class & i've learned a lot. thank you so much! now back to fighting global warming 🥲
btw https://warpcast.com/crimsonking/0x342dc259 @crimsonking also took a lot of his time rehearsing gpt chat responses that analyzed the tweet. thank you, brown!
Tbh, I’m jealous of how @aviationdoctor.eth did a much better analysis with only his own brain
i got lost along the way but the explanation was really good that i found myself back, it’s really nice to see knowledge being shared.
I’ve actually met soo many individuals here, that are vast in various fields, and their cast alone feels like an online class cos there’s always something to learn And people, through their comment or tags never hold back in seeking the insight of these individuals But man you’ve got a PHD, that’s huge, congratulations Doctor 🫡 but are you even practicing
Also there are a lot of elite people there.
best way to approach moxie: assume moxie is locked and doesn’t trade yet — it's just points you will find out if they are worth anything 6 months from now so either keep yours or try to build a position if you believe the price is low now selling now feels like giving yourself a chance to miss out on a big thing
I fully agree. Given that we acquired this token without spending anything, let's focus on evolving our FT and continue to cast as we have been doing. After that, we can support the creators we admire by buying their FT. That's the approach I'm taking, at least. 💜
Thats what Im doing right now more or less. For every moxie I earned from all the engagement I have, I gonna keep at least 50% of it, and let the bull do the magic. Someday it might worth something.
Fan tokens have crazy hot potential because there's multiple mechanisms for making the value go up. If I cast well, my fan token value goes up. But also, if the Moxie value goes up, the fan token value goes up. If people buy my tokens, the fan token value goes up. Buy the fan tokens of a few prolific casters, let them sit for six months, then sell some for profits while investing in some new creators, cuz if this experiment goes well, more will definitely be showing up!
don't think so, it'll only go up if the market goes up or if more VC money flows in unless something big happens, it can become worthless within a month already selling a piece every day remains the best way to go about it I think
fan tokens are overbought also, to get back the moxie you put in it'd take months, and then you must be lucky enough to sell on top of the bounding curve to keep the profits
in one way, I see what you're getting at, and I'm inclined to wait to see if it succeeds. otoh, it is a bit disproportionate if everyone agrees w/ the impression that moxie burned into bonds is somehow "locking" those bonds in aggregate. we have more of a "won't defect" situation than a "can't defect", assuming access from block explorer is uninterrupted.
yeah i don’t think of it as burning either i just approach it the same way as degen (which i sell too much too early and didn’t buy enough) degen didn’t have any buy pressure either it even pumped on every airdrop do don’t want to miss out again
Most of the people were not around to see the degen launch(3 months) sentiment. Ppl were calling it spam Ppl bragging about making $1000 from a 10 million degen sale Order books were thin Nobody was buying more from the exchange https://paragraph.xyz/@0xzoz/degen-employment-contract
(っ◔◡◔)っ ♥ my plan for world domination ♥ 1. build an enormous (moxie/ degen/ etc) position. 2. wait a year or two. 3. buy twitter. 4. ??? 5. finish baldurs gate? 6. profit?
Isn’t this the same riddle for every project out there?🤔 My hopes are always high. Hero or Zero, it’s free money so why bother?🤷🏻♂️ Btw I wish it was really locked😂
Used my vested airdrop to invest in fan token The price would certainly go up for sure
cc @ro
Well said and same as degen. I alway think we are early so i have not sold any tokens tbh. Bullish on fc and base 🫶
hi warpcast friends- today is my first day as the new COO at ENS Labs 🫡 i am very excited to focus my energy on building (apps!!!>>) and i know there are lots of you here that have perhaps work with ens already or could be great partners one day :))) i would also really love to meet more COOs in crypto- pls tag / DC me!!!!
Congrats!!
congrats!
awesome role - congrats!
Congrats!!! 🙌
congrats Katherine!!
Happy for you Congratulations
Congratulations! Cant wait to see new apps around the ENS ecosystem! 1000 $DEGEN
congratulations! just bought my second ENS and really loved the flow excited to learn more about how to partner and build with y'all
Wooow! Congrats, Kath! 👏 1000 $farther
wowow! Congrats to Katherine! Looking forward to more surprises from ENS. 🫡