Degen

Degen (DEGEN) is a community meme coin on Base that presents itself as a social layer of that network. The project grew out of a community and is shaped by the people who take part in it.

The DEGEN token connects products, communities and onchain experiences through a shared economy. These include opinion markets, digital identity and NFTs, and other applications are described as future work. The project says each new product strengthens the network and gives the token utility beyond any single application.

The project cites $50M+ in tokens distributed to wallets and 1M+ wallet holders. It also ranks its community first on Farcaster.

POV is a product where users take stances on ideas, events and narratives. The Degen NFT collection is presented as a way to own a piece of the culture around the token.