DeFi
Launch of Degen Express platform marks new era in DeFi
For Dégen Expressit is now the new home of DeFi and the birthplace of Meme Coins, and it appeared first on Coinpedia Fintech News.
As Fortune Business Insights reports, in 2023, the DeFi market capitalization exceeded $59 billion, much larger even than the market capitalization of the third largest bank in the United States, JPMorgan. We expect market sales to grow at an annual proliferation rate of 28% over the next five years. The size of the industry, which stands at $2 billion today, is expected to grow 2% annually over the next decade, and by 2030 it will reach a market size of $337 billion. The price is that the meme coin market brought in a record value of over $55 billion in the first week of May 2024. Challenge and the meme coin universe is growing, you need to have a dynamic environment that can bring growth to other emerging and game-changing creator tokens.
Launch of the Degen Express platform, a cataclysmic ecosystem, is a powerful system designed to create frictionless DeFi and allow investors and digital currency holders to reap even more profits. The user interface is intuitive enough to be implemented as the main platform in the Challenge News walk. Literally, DeFi is a DE playground where degenerates and imaginative people are the privileged members.
Degen is the expertise in the field of streaming and broadcasting, where it can merge broadcasting and streaming media services into a centralized ecosystem.
The DE ecosystem encompasses a decentralized and permissionless ecosystem, referred to as a platform on which meme coins are delivered, and developers gain an identity in the crypto space. This is the perfect place for a coin of a new feature or artist to have an established asset to put in the Decentralized finance space. DE is also a gathering of all the early stage projects that people need to review because they can’t wait to get the highest pay. This new storage platform mainly brings together the integrated protocols and, meanwhile, shows consumers the required elasticity.
Degen Express generates a degen zone for tokenized projects that are new or still in the early stages. Disenfranchised individuals will have the right to acquire or sell the new token without fees of any kind, such as high gas fees and expensive liquidity pool costs. The platform is an autonomous exchange where creators and degens can interact and transact with each other directly and without going through other intermediaries or banks. Degen Express integrates SocialFi and GameFi through EXP, giving you the opportunity to level up and unlock other rewards besides the investment process. In this way, the SocialFi and GameFi components develop and add a layer of engagement to Degen’s investment process.
The platform offers advanced features such as a custom virtual automated market maker (vAMM) that ensures security for creators and browsers. Additionally, pool launches, which can occur at 30-minute intervals with a whitelist of 100 users, ensure the security of both.
Using some of the finer points of this strategy, creators can now easily earn revenue by publishing their content on this platform.
All these tokens on the Degen Express platform follow the default rule of supplying 1 billion tokens. For the first time, the process of creating your token has become an accessible task for creators.
Step 1: Make sure you already know the usefulness and value of your token.
Step 2: Expand your social media platforms (Discord, Twitter, Telegram, etc.).
Step 3: Go to the DE site and search for the token you want to create by clicking the “Start a new coin” button on the homepage.
Step 4: Choose the coin name, ticker, emblem and description.
Step 5: Elaborate on the social media accounts captured in Step 2.
Step 6: Choose your preferred pool size as well as optional sell penalty from the options below.
Step 7: Choose up to 10% of the token allocation to distribute linearly over 6 months to the team. On the dashboard, the distributor uses a permissionless contract that is part of your dashboard to distribute.
Step 8: Create a token.
Step 9: Users rejoice by buying into the bond, and when the market cap reaches $55,000, $12 of liquidity is deposited into AMM DE and burned forever as desired liquidity.
The idea behind Degen Express is to make it a channel through which users can purchase various cryptocurrencies such as BTC, ETH, DOT, LINK, ADA, SHIB and DOGE under a single platform that helps make purchasing easier.
The process to obtain your first token on the DE platform is simple and includes:
Step 1: Use an exchange looking for a coin with the potential to move higher.
Step 2: Let the rotating slope on which we buy the part.
Step 3: Close the coin whenever you set target goals or reduce theoretical or actual losses.
Step 4: The process is tedious as buyers trade their tokens against the bond curve at the beginning until they reach a cap of $55,000 and withdraw 16% ($12,000) of the DE AMM liquidity for trading.
Step 5: After launch, you can find Meta Match Arena tokens on the official token exchange page.