Buy Degen (Base) DEGEN
What is Degen (DEGEN)?
Degen is a utility-based meme coin that evolved from a reward token for Farcaster users into a community-driven ecosystem with its own Layer 3 blockchain, Degen Chain. It focuses on incentivising decentralised social engagement and powering community-centric decentralised applications.
How does Degen work?
Degen began as an ERC-20 token on Base, a Layer 2 solution, and later transitioned to Degen Chain, a Layer 3 blockchain built using Arbitrum’s Orbit framework with settlement on Base. It employs smart contracts for token management, governance, reward distribution, and liquidity mining, fostering engagement within its ecosystem.
What are the potential use cases for Degen?
Degen supports various applications, including:
- Rewarding content creators on decentralised social networks like Farcaster
- Enabling peer-to-peer transactions within the Degen ecosystem
- Powering decentralised applications on Degen Chain
- Supporting governance and decision-making for the Degen community
These applications span industries such as decentralised social media, DeFi, gaming, and community-driven projects.
What is the history of Degen?
Degen was created by Jacek Trociński, starting as a meme coin in the Farcaster Degen channel in November 2023. Key milestones include:
- January 2024: Launch of the DEGEN token
- March 2024: Launch of Degen Chain
- Achieving a peak market cap of $780 million
The project rapidly evolved into a significant player in the crypto space, expanding its ecosystem and community engagement through initiatives like tipping leaderboards and airdrops.
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Frequently Asked Questions (FAQs)
What is the current price of Degen (Base) (DEGEN0)?
The Degen (Base) price is $0.02616132 AUD, representing a -8.8% from the day prior.
Where is the best place to buy Degen (Base) (DEGEN0) in Australia?
The best place to buy Degen (Base) (DEGEN0) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Degen (Base) (DEGEN0) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Degen (Base) (DEGEN0)?
The trading volume of Degen (Base) (DEGEN0) is $144.9M AUD in the last 24hrs, representing a -8.8% from the day prior.
How can I buy Degen (Base) (DEGEN0)?
Degen (Base) (DEGEN0) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Degen (Base) (DEGEN0)?
The current market cap of Degen (Base) (DEGEN0) is $449.1M AUD.
Can I convert Degen (Base) (DEGEN0) to cash?
Yes - With Coinstash you can convert your Degen (Base) (DEGEN0) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Degen (Base) (DEGEN0) are there?
The current circulating supply of Degen (Base) (DEGEN0) is 17.3B.
Is Coinstash a safe place to buy Degen (Base) (DEGEN0) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Degen (Base) (DEGEN0) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.