Memecoins
Degen Express is the new DeFi paradise 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 dollars. On the contrary, the market value of meme coins it reached over $55 billion by the first week of May 2024. As the DeFi and meme coin market continues to grow, it is critical to have an innovative ecosystem built to provide creators and emerging tokens with the proper support.
Degen Express (DE) is a revolutionary ecosystem created to improve the smooth functioning of DeFi and make it more beneficial for both investors and users. The platform is easy to use and has everything it needs to become the foundation of the DeFi market. As a haven for DeFi, DE offers unlimited opportunities for degen and creators.
Degen Express ecosystem overview
The DE ecosystem is a fair and decentralized permissionless launch pad where memecoins are born and degenerates are made. It is a haven for tokens and emerging creators to have a strong foothold in the DeFi space. DE is also a one-stop shop for degenerates looking for projects to participate in in the early pre-launch phase. This next-generation platform greatly supports its incubated protocols and offers enough flexibility to buyers.
Degen Express provides valuable exposure to the degeneracy of nascent tokens and protocols. Citizens are given the first opportunity to buy or sell any new token without having to contend with high gas fees and an expensive cash reserve. The platform is an internal exchange that allows creators and developers 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, thus adding a layer of engagement to its investment process.
Advanced features like the custom virtual Automated Market Maker (vAMM) and 30-minute pool launches with a 100-user whitelist ensure the platform is safe for creators and degenerates alike.
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.
Step 2: Create your own 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 name, ticker, icon and description of the token.
Step 5: Add the social media accounts you created in step 2.
Step 6: Select your preferred initial pool size and optional sell penalty.
Step 7: Select the percentage of token allocation to your team (max. 10%), distributed linearly over a 6-month period. Deployment occurs in a contract without permission 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 the liquidity will be deposited into the DE AMM and burned for perpetual liquidity.
How Degen Express works for users
The process to get your first token on the DE platform is simple and includes:
Step 1: Search and identify the token or coin you like
Step 2: Buy the coin on the binding curve
Step 3: Sell the coin whenever you lock in your profits or reduce your losses.
Step 4: Once enough buyers have bought into 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 mcap tokens encountered after launching on DE exchange page.
Conclusion
Degen Express is charting a new course in the DeFi space, which has enormous potential. With the simple and seamless processes put in place, creators and developers can now thrive in DeFi.