Degen (DEGEN) started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster's Degen channel, and there are plans to airdrop 70% of the token's total supply eventually.
How to Buy DEGEN on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing DEGEN. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing DEGEN.
Step 5: Purchase DEGEN
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of DEGEN you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy DEGEN.
Step 6: Store Your DEGEN
After purchasing, you can choose to store your DEGEN in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and DEGEN assets, be sure to use a strong password and enable two-factor authentication.
DEGEN Price:Degen is an ERC-20 token launched in January 2024, reshaping the Farcaster ecosystem by enabling Casters to reward others for posting high-quality content with DEGEN. Our point system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
Recommended Similar Coins: BRETT、MEW