DEGEN is a digital currency belonging to the category of SocialFi projects, built on Coinbase's Base network. The name of the currency refers to the term 'Degenerate' in the crypto community, which is used to describe investors or traders who enjoy high risk.
🔍 What is the DEGEN project?
The DEGEN currency emerged as a reward token for the crypto and meme enthusiast community, starting on the Farcaster social network (a Web3 project similar to Twitter built on blockchain).
The currency is often distributed via airdrop to active users.
Later turned into a tradable token supported by the community.
It relies on the idea of enabling social rewards for content and engagement.
🎯 Goals of the currency:
Support content creators on SocialFi platforms.
Building a social economy based on communities and rewards.
To be a means of rewards and likes on Web3 platforms.
🧭 Is there an expectation for it to be listed on major platforms?
🔹 Positives supporting the possibility of listing:
It has a large number of users (over 1.1 million holders).
It has achieved a respectable market value (over 80 million dollars).
It is active on the Base network supported by Coinbase, which may accelerate its listing specifically on Coinbase.
It has strong community activity and popularity among Web3 and SocialFi users.
🔹 Factors that may delay the listing:
It is still classified under 'meme coins' and 'community', making it subject to close scrutiny by major platforms.
Binance and Coinbase have not announced any official intention to list it.
📅 When might the listing occur?
There is no official information yet, but:
If the currency continues to attract liquidity and active users, we are likely to see a listing in the second half of 2025.
Coinbase may be the first to list it as it is part of the Base network.
