Memecoins
Degen Express is the new haven for DeFi and the birthplace of Meme Coins
According to a Fortune Business Insights Report, the DeFi market was valued at over $59 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 28.2% from 2023 to 2030, reaching a staggering market value of $337 billion . Conversely, the market value of meme coins reached over $55 billion in the first week of May 2024. As the market for DeFi and meme coins continues to grow, it is imperative to have an innovative ecosystem built to provide creators and emerging tokens the appropriate support.
Degen Express (DE) is a revolutionary ecosystem designed to improve the smooth running of DeFi and make it more beneficial for investors and users. The platform is user-friendly and has everything it takes to become the foundation of the DeFi market. As a haven for DeFi, DE offers unlimited opportunities for degens and creators.
Overview of the Degen Express ecosystem
The DE ecosystem is a permissionless and decentralized fair launch platform where memecoins are born and degens are created. It is a haven for emerging tokens and creators who want to have a solid foundation in the DeFi space. DE is also a one-stop-shop for degens who are looking for projects to take on from the early pre-launch stage. This next-generation platform greatly supports its incubated protocols and provides enough flexibility to buyers.
Degen Express provides valuable degen exposure to emerging tokens and protocols. Denegns have the first opportunity to buy or sell any new token without having to struggle with high gas fees and an expensive liquidity pool. The platform is an internal exchange that allows creators and degens to transact seamlessly. By integrating SocialFi and GameFi into its ecosystem, Degen Express allows users to earn experience points (EXP), level up, and unlock other benefits, adding a layer of engagement to its process. investment.
Advanced features like the custom Virtual Automated Market (vAMM) builder and 30-minute pool launches with a 100-user whitelist ensure the platform is secure for creators and degens.
How DE works for creators
All tokens on the Degen Express platform meet the default total supply of 1 billion. For creators, the process of creating your first token is simple. There are 9 steps to follow, and they include:
Step 1: Have an idea of the token you want to create.
2nd step: Create your social media pages (Discord, Twitter, Telegram, etc.).
Step 3: Go to the DE website and list the token you want to create using the “Start a New Coin” icon on the home page.
Step 4: Choose the token name, ticker, icon, and description.
Step 5: Add the social media accounts you created in step 2.
Step 6: Select your preferred starting pool size and optional sell penalty.
Step 7: Select the percentage of token allocation to your team (max. 10%), distributed linearly over a period of 6 months. The distribution is carried out in a contract without authorization for a claim on your dashboard.
Step 8: Create the token
Step 9: Users start buying on the bond curve, and when the market cap reaches $55,000, $12 of liquidity will be deposited onto the DE AMM and burned for perpetual liquidity.
How Degen Express Works for Users
The process to obtain your first token on the DE platform is simple and includes:
Step 1: Search and identify the token or coin you like
2nd step: Buy the coin on the bond curve
Step 3: Sell the coin every time you lock in your profits or cut your losses.
Step 4: When enough buyers have purchased on the bond curve and it reaches $55,000 market capitalization (mcap), 16% ($12,000) of the liquidity will be deposited into the DE AMM for trading .
Step 5: You can successfully trade Met MCap tokens after launch on the DE exchange page.
Conclusion
Degen Express is charting a new path in the DeFi space, which has enormous potential. With the simple and transparent processes in place, creators and degeners can now thrive in DeFi.