The crypto world continues to grow with new innovations emerging every day. One crypto asset that has caught the attention of traders and investors is the Degen (DEGEN) token. The good news is, this rising crypto asset is now available on INDODAX via the Base network!

Are you curious about the potential of the Degen (DEGEN) token? Or maybe you can’t wait to add it to your crypto portfolio?

Well, before diving into the world of trading, let’s get to know more about this crypto asset and learn how to buy it safely. Come on, see the complete information below!

About Degen (DEGEN)

Data and Information

DEGEN was originally introduced to reward participants in the Warpcast degen channel, but it has now become a cornerstone of the Farcaster ecosystem. 

Farcaster is an open protocol on Optimism that has various applications, with Warpcast emerging as the most popular. Warpcast resembles Twitter, allowing users to post, follow others, and engage with content. 

DEGEN has revolutionized the Farcaster landscape by introducing a points system where users earn tokens based on engagement metrics. This innovative approach bridges the gap between online contributions and real-world value.

Challenges, Opportunities, and Utilities Dogen Token

In its development, DEGEN’s advantages include:

• An innovative reward system based on tipping and points allocation according to user engagement levels. Users who receive tips can get points and DEGEN airdrops, fostering more community involvement. 
• Flexible usage of the DEGEN token not just for tipping on social media, but also for transaction fee payments on apps like Drakula. 
• The launch of its own Degen Chain layer-3 blockchain, opening up DEGEN usage across various apps built on the chain, like DApps, games, etc. This expands the token’s scope of utilization. 
• A growing community and ecosystem centered around the Degen channel on Farcaster as well as the Degen Chain. This strengthens DEGEN’s role as a true community currency.

The utilization of DEGEN includes:

• Used for staking and providing liquidity on decentralized finance (DeFi) platforms. 
• Functions as a membership token for exclusive communities or platforms in the Base social media space. 
• Grants access to premium features through token ownership.

Crypto Asset Ranking Information Dogen Token

As of October 2, 2024, Degen Crypto’s crypto asset ranking according to CoinMarketCap is currently #296, with a live market capitalization of $136,016,156 USD. The circulating supply is 14,179,608,879 DEGEN coins, and the maximum supply is 36,965,935,954 DEGEN coins.

And additional information that this crypto asset from October 1, 2024, – October 2, 2024, in 1 day increased by 100% (Rp. 62-Rp. 124), but it should be noted that all types of investments have risks, so you must still DYOR.

How to Buy Degen (DEGEN) Token on INDODAX 

Now that you’ve discovered more about Degen (DEGEN), you can start investing in Degen (DEGEN) easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Degen (DEGEN) crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for DEGEN in the IDR market (DEGEN to IDR), and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired DEGEN purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

That was interesting information about Degen Token which is now available on INDODAX.

You can also find out the latest information by reading the latest updates from the crypto coin rating at INDODAX Academy and to dig deeper into the understanding of the latest crypto term dictionary you can also read it here.

In addition, INDODAX also offers features other than trading, such as INDODAX Earn crypto which allows you to lock crypto assets and get rewards in the form of interest, as well as INDODAX OTC for large crypto transactions more safely and personally.

Therefore, for a brighter future, let’s start investing in crypto assets now and you can also buy bitcoin or other crypto assets such as buying ethereum here.

And if you are interested in the INDODAX OTC service, you can click the banner above.

Let’s invest in Degen (DEGEN) on INDODAX now!

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*Disclaimer: This content aims to enrich the reader’s information. Always do independent research and consider carefully before investing. Use funds that are not too vital to your needs before getting involved in investing. All bitcoin buying and selling activities and other crypto asset investments are the responsibility of the reader.