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Buy Degen (DEGEN)

DEGEN

24H Change
24H Volume
Global Rank
#593
Market Cap

Degen Price

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About Degen (DEGEN)

Degen (DEGEN) is a cryptocurrency launched in January 2024 as an ERC-20 token on the Base blockchain. Originally created as a reward token for the Farcaster Degen channel community, it has become a more robust project focusing on utility and community engagement. 

DEGEN is heavily community-driven, offering rewards for interactions such as likes and comments and holding specific non-fungible tokens (NFTs). It operates as the native gas token for the Degen Chain, an Arbitrum Orbit network that settles on Base and uses AnyTrust for data availability.

Unlike most memecoins, DEGEN has various applications, including participation in DeFi activities like staking, governance and liquidity provision. It also holds potential for gaming and metaverse integration, where it can be used as in-game currency or to access premium features. Additionally, the token enhances community engagement within the Farcaster ecosystem, serving as a reward mechanism for active participation.

How to Buy Degen (DEGEN) in Australia

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Degen FAQs

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Where is the best place to buy Degen?

The best place to buy Degen is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Degen and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of Degen determined?

The price of Degen is determined by the forces of supply and demand in the market. Similar to other assets, the price of Degen is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Degen are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Degen with credit card?

Swyftx does not allow you to directly buy Degen with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Degen instantly.

Top Traded Assets on Swyftx

By number of orders

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Period: Last 24 hours (AUD)

DEGEN Buys and Sells

By number of orders

14% Buy
14%
Buys
86%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.