June 11, 2024
Project Background
Website Details
- Degen, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with DEGEN for posting quality content.
- Our points system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.
- Degen.tips focuses on the Degen token, an ERC-20 token integrated with the Farcaster ecosystem. It enables users to reward quality content with DEGEN tokens, turning online engagement into tangible value.
- The platform supports various activities including airdrops, bounties, and development on its EVM-compatible blockchain, Degen L3, which features low transaction fees.
Website: degen.tips
Code Details
The `DegenToken` contract is a custom ERC-20 token with burnable, pausable, and votable features, utilizing OpenZeppelin libraries. Key features include:
- Token Details: Named “Degen” with the symbol “DEGEN” and an initial supply of 36,965,935,954 tokens.
- Minting Restrictions: Minting can only occur once a year, capped at 1% of the total supply.
- Ownership: Only the contract owner can mint, pause, or unpause the token.
- Security: Includes various error checks for minting conditions.
This ensures a secure and controlled token issuance process.
