Introducing $REGEN

$REGEN is a cultural currency for optimists, mixing the emotions of degen with regenerative energy.

What is $REGEN for?

• Regenerate communities, ecosystems and economies.

• Tip and support decentralized technology.

• Promote public goods, open source software , educational initiatives, community growth.

• Bank the unbanked population.

• Farm airdrops .

• Create memes.

*This article was originally published in English on May 14, 2024 on Regen's profile on Paragraph .

Much of the crypto world revolves around the meme of being a 'degen' , a fun life that can be (ridiculously) rewarding. But sometimes the rollercoaster of going from a 100x to a rugpull can get exhausting. So how can we balance the forces?

Well, there is also another crypto meme that you may have heard of. It's called being a ruler . If you're a degen , you're probably a regen too , you just don't know it yet!

Being a regen means you are supporting decentralized technology to regenerate communities, ecosystems and economies. Things like public goods, open source software , educational initiatives, growing communities, banking the unbanked, or supporting environmentally friendly initiatives.

But let's not deviate from the path. Regens are simply fun men and women who do not generate hype , but rather spread hiphae . They congregate around the powerful mushroom, spreading its message throughout the mycelial network, creating fertile ground for regenerative ideas to grow.

While degens often prefer to behave in a "degenerate" manner and regens prefer to regenerate, it does not mean that the two forces cannot come together. Imagine for a moment that degens and regens could combine their powers: where the degen's ability to take risks, think outside the box, go viral, and appeal to people's inherent self-interest could be combined with the regen 's ability to perceive risks. , create long-term impact, inspire hope and appeal to people's inherent desire for community.

Now imagine that all of that was backed by perpetual, positive memetic energy. The result would be an endless and self-satisfying virtuous cycle that would lead us to utopia.

$REGEN will be a way to join the forces of regen and degen , in a way that is more than just a meme (currency); It's a movement. By growing the meme, we create a vibe and culture that attracts more people. By involving more people, we create more value (in every sense). Through this, we can generate more regen ideas, more regen technology , more regen communities and ultimately achieve greater regenerative impact.

So how will $REGEN work? $REGEN will be a fun and rewarding system to reward regens for being regens . The token will be distributed primarily through ongoing airdrops to reward certified regens (often retroactively) for their regen activity on the blockchain.

Regens are also big fans of regenerative farming , so rejoice, farmers ! You can earn points and bonuses by being an active regen on Farcaster , especially within the regen channel along with other aligned channels . A complete farming guide is coming soon .

After the first airdrop , $REGEN will become a tipping token to reward regen activity on Farcaster and to help grow regen initiatives wherever they emerge. So just like with $DEGEN, you'll be able to tip your favorite regen projects and people with $REGEN directly in their posts! There are also some surprises on the way, but let's just say that the goal is to integrate $REGEN seamlessly with Farcaster, making it the ideal place for regens to coordinate on-chain .

Let's get to the point

You can now calculate and view your provisional points, regen points and bonuses on the regen.tips website !

To ensure that regens receive $REGEN, tested regens will be rewarded first and foremost with retroactive points and bonuses for their efforts. The algorithm makes it easy to get points for degens , but to really reap $REGEN, you'll need to prove that you're a true regen .

• When you calculate your points, you'll see an approach like this:

• Provisional points are based on farming activity and NFT bonuses .

• Regen points apply regen test multipliers .

• Without regen test multipliers , you cannot harvest regen points .

In this example, user @aspiringregen has a lot of provisional points, but because his Gitcoin points and donation multiplier are 0, his regen points are equal to 0.

Please note that regen points are subject to change as more data becomes available about your regen test score .

Some great ways to show that you are a regen are: donations on Gitcoin (now closed) and donations on Giveth (active until May 17, 2024 at 11:59 am). More ways to prove you're a regen will be added over time .

You can also collect NFTs like the Regen OG and the degens Manifesto 🤝 regens for a juicy extra boost.

An initial snapshot of points was taken on Thursday, May 9, 2024 at 4:20 pm, so all commit and regen testing activity up to that point is reflected. Engagement from the snapshot will also count towards points and interim points will start updating daily in the near future.

There are many other ways to demonstrate your ' regen test ', so don't worry, (many) more regen -aligned on-chain data points will be integrated . If you have a project/community that should be included, please get in touch !

As supporters of regenerative practices, $REGEN will grow according to the lunar cycles. This means that all new phases, airdrops , and other important events will coincide with the full moon.

The first cultivation period is already underway and began with the pink moon . Clues were revealed to anyone following the regen channel , including the release of the Regen OG NFT .

This first cultivation period will end on the flower moon . After the flower moon, regen points will be converted to $REGEN on-chain and distributed to eligible wallets via airdrops . After this, $REGEN will be available for use as a tipping token to distribute $REGEN for regen -aligned shares .

Since regens are eternal optimists, the plan is to merge degen and regen energy into the most optimistic chain of all: Cardano! Just kidding, of course it will be released on Optimism for superchain fun and supercharged impact! ✨

A series of farming and airdrop cycles will follow, always in harmony with the cycles of the moon.

During the cycles of the moon special times have been planned for the regens to celebrate. This 'harvest' will also mark the end of Airdrop 1 claims : unclaimed tokens will be distributed to the community through 'RegenDrops' and ecosystem initiatives.

RegenDrop #1 is just the beginning. More airdrops are being planned and will be defined in coordination with the community. The goal is to create a continuous cycle of incentivized participation with rewards in $REGEN for regens for being regens through long-term sustainable ' Regenomics' .

Now is the right time for something like $REGEN to grow; to make being a regen easy, cool, fun, possible, rewarding and something people want to be a part of.

Regen as a project is growing as a grassroots cultural movement on the right curve of memes and impact to celebrate regen culture , support the good work that regens do , and through the power of memes, unlock more regen activity .

The main contributors are a group of regens (and degens ) active on Farcaster and hosts of the regen channel . $REGEN is growing in coordination with a group of regen OGs from across the ReFi and Regen spectrum , and more regen voices are always being accepted , so get involved (see below).

So regens , let's come together to combine degen energy with regen activity and show that together, we are a force of nature.

Here are some ways to get involved:

1. Join Warpcast and the regen channel + aligned channels like publicgoods , degensxregens and green-pill .

2. Collect the Regen OG NFT and the degens Manifesto 🤝 regens .

3. Show that you are a true regen by contributing to aligned causes ( hint-hint ).

4. Join the Regen Telegram .