Member-only story
Funding the future with $Degen
Three months ago a memecoin called “Degen” was launched by Jacek, a developer on a sufficiently decentralized social network called farcaster.
In the time since, as its FDV grew to over $2bn, over $1m has been awarded so far to artists, developers, builders, humanitarians, journalists, film makers & entrepreneurs spearheaded by the TOTH initiative (approximately $1,179,139.59, based on a $0.045 average DEGEN price)
Tip O’ The Hat
What follows is a snapshot of the first 47 recipients of TOTH: a community initiative where members (casters) pool their tips together daily to confer an aggregate tip on those agreed as most deserving via farcaster.
Notes
* Over the two weeks it took to complete the article $degen fluctuated between $0.03 and $0.06 so we assumed $0.045 as the basis for dollar…
