degen.market- Introduction

Degen.Market: Creating Bespoke Crypto Social Experiences on Telegram

The crypto ecosystem has been undergoing a bearish trend. But there is a popular saying in the space, “Builders keep building even in the bear.” This is evident projects like Base, which were built during the bear season, have been gaining a lot of tractions.

Beyond the infrastructure aspect, the crypto community has been bonding on a different level through various channels like Friend.tech. More than ever before, the industry is getting more conscious of the need to foster a bespoke social experience.

Beyond using external social media, the ecosystem is leaning more towards merging the crypto space and social experience into single native platforms. Introducing Degen.market, a new generation platform fostering social interaction among crypto natives.

This blog post gives a panoramic overview of the project and the solution we are providing to the space.

The Need for a Crypto-centric Social Platform

The crypto space is no longer where it used to be. There has been an increase in the number of developers, users, projects, and ecosystem interactions.

Big brands such as Visa and PayPal now fully support crypto. Many governments are also putting up several regulations allowing the free flow of crypto activities in their jurisdictions.

At the moment, the Web3 community is at a juncture where it desperately needs a custom social media platform for closer interactions.

There are lots of alpha, connections, and opportunities available if only there can be a freer flow of access.

At the moment, some projects are experimenting bridging the gap; though they still have a lot of work to do. However, no social crypto platform focuses on fostering closer communication and access among Telegram degens.

This is the gap Degen.Market is bridging.

The Successful Experiment of Friend.tech

Friend.tech was launched some couple of weeks back, and it has been a successful experiment as it records over 1 million transactions worth more than 40,000 ETH.

Built on Base, a layer-2 blockchain by Coinbase, Friend.tech creates a platform for people to access industry thought-leaders and influencers. Aside that, people can also invest in others they believe has a prospect within the industry.

This is how it works:

People can buy social shares of whoever has been successful or will eventually successful in their careers. The more successful a person becomes, the higher the chances that their social shares increases in value.

While some do this as a way of betting for the success of others, some degens purely buy the shares for the sake of trading to make profits. Whether the motive is support or liquidity, the idea of the platform is to foster social interactions among crypto natives.

The success of this experiment indicates market demand, and inspires a lot of other similar projects.

Introducing Degen.Market

From a panoramic point of view, Friend.tech was a big break in the crypto space. At the same time, it could have been better. Or better put, it needs an alternative to service a wider array of audience.

Degen.Market is a better alternative. The word “Degen” is a slang for hardcore crypto natives who are bullish on DeFi. Thus, Degen.Market is a platform to unite them.

First, Degen.Market runs on the Ethereum blockchain, which holds the greatest share among all blockchains. It is always a better choice to build a project on Ethereum rather than any its L2s.

There are a lot of reasons for this, including the community, security, and liquidity volume. These factors cannot be over-emphasized.

Secondly, Degen.Market was specifically created for Telegram degens. Research shows that a lot of the most active DeFi communities are on Telegram.

Degen.Market is a form of Friend.tech, but on Telegram.

Closer Access to Telegram Influencers

Connections and quality information are two important ingredients of success in the crypto space. Degens can multiply their trading capital with the right sets of information.

Of course, Telegram is a great medium to get DeFi-related information.

But there is a barrier: Telegram crypto thought-leaders and influencers are sometimes not available, which is justifiable because availability is a commodity, and they might not want to give it away for free.

We solve this problem with Degen.Market.

People can buy social shares of Telegram degens on Degen.Market and, as a result, have the access to DM them for whatever they want to discuss.

Say a warm goodbye to inaccesibility to people and alpha.

Discover Blue-chip DeFi Projects

There is more to Degen.Market than access to TG degens, it is a great platform for DeFi activities.

It behooves to note users can be privy to the release of new projects, and this gives them access to DYOR and bag early to have bigger returns later on.

In addition, there are often token sales. This affords the users an opportunity to bag a project they believe in and trade it for more profits.

At the moment, the project is a social experiment and there is more to it than meets the eye. The team behind the project are working relentlessly to research and come up with more DeFi products that will benefit the users.

Therefore, it is a great idea to join Degen.Market now, not out of FOMO, but to avoid not enjoying the value the platform has to offer.

Unique Social Experiences

Everyone in the Degen.Market core team are actual degens, and we know more than anyone else that there must be vibes and bonding activities in a crypto-centric community.

We want our users to connect and have fun. There are plans to organize contests and exclusive events so degens can participate and have some fun together.

These activities and events will also sharpen the crypto knowledge and participation of the users.

As much as everyone comes into the space for the tech or money, the best ROI — we believe — are the friends we make along the way.

Fee Distribution and Economics

Anyone who wants to become an actual member of the Degen.Market community has to hold the $DEGEN token; it shows how much commitment such members gives to the community and how bullish they are on Degen.Market.

Fanatic holders will be rewarded for their commitment to the overall growth and success of the community. The platform distributes his larger share of profits among the token holders.

What next?

Degen.Market stands tall as a beacon of change in the crypto world. There is no longer any barrier between crypto degens on Telegram.

As we look ahead, Degen.Market’s impact is poised to resonate across the crypto landscape, inspiring innovation and setting the stage for a more inclusive social and financial era.

Links:

TG: t.me/DegenMarketPortal
Twitter: https://x.com/degenmarkett
web: degen.market

Chart: http://dextools.io/app/ether/pair-explorer/0xEbFc41DBf87953815227D782428A453B9E412e3F