Degen Express Is The New Haven For DeFi And The Birthplace of Meme Coins

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According to a Fortune Business Insights report, the DeFi market was valued at over $59 billion in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 28.2% from 2023 to 2030, hitting a staggering $337 billion market value. Conversely, the market value of meme coins hit over $55 billion within the first week of May 2024. As the DeFi and meme coin market continues to grow, it is imperative to have an innovative ecosystem built to provide creators and emerging tokens with the proper support.

Degen Express (DE) is a revolutionary ecosystem built to improve the smooth running of DeFi and make it more beneficial for investors and users alike. The platform is user-friendly and has what it takes to become the bedrock of the DeFi marketplace. As a haven for DeFi, DE provides 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 made. It is a haven for emerging tokens and creators to have a solid foundation in the DeFi space. DE is also a one-stop shop for degens searching for projects to get in on at the earliest 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 nascent tokens and protocols. Denegns are allowed the earliest opportunity to buy or sell any new token without having to battle with high-cost gas fees and an expensive liquidity pool. The platform is an in-house 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 perks, thus adding an engagement layer 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 that the platform is secure for creators and degens alike. 

How DE Works for Creators

All tokens on the Degen Express platform abide by the default 1 billion total supply. 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 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 homepage. 

Step 4: Choose the token’s 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 token allocation to your team (max. 10%), distributed linearly over a 6-month period. The distribution happens in a permissionless contract for a claim on your dashboard. 

Step 8: Create the token

Step 9: Users begin to buy on the bonding curve, and when the market cap hits $55k, $12 of the liquidity will be deposited onto 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 it includes:

Step 1: Search and identify the token or coin that you like

Step 2: Buy the coin on the binding curve

Step 3: Sell the coin whenever you lock in your profits or cut your losses. 

Step 4: When enough buyers have bought on the bonding curve, and it hits $55k in market capitalization (mcap), 16% ($12k) 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 swap page. 

Conclusion

Degen Express is charting a new course in the DeFi space, which has massive potential. With the simple and seamless processes put in place, creators and degens can now thrive in DeFi.