Do you use Farcaster? Those eligible to receive this airdrop are as follows: Here’s how:

Farcaster, a decentralized social media protocol, is seeing significant growth after launching its latest feature, Frames. Frames allow users to perform a series of functions without leaving the Farcaster app. That means you can even embed Ethereum ERC-20 tokens mint playable online games or sell Girl Scout cookies directly within the cast.

Frame has brought a lot of attention to Farcaster and the app that many users use to interact with Warpcast, the Farcaster protocol. One of the by-products of the increased interest is a wave of speculators trying to bid on the latest version of the meme coin, namely the meme coin released through Farcaster itself.

dough This is an ERC-20 token launched by Ethereum scaler Base. It first appeared on-chain. January 7th It was originally airdropped to Farcaster’s Degen channel community. According to the Meme Coin website, the team’s goal is to distribute tokens to “builders, content creators, and users in the Base and Farcaster ecosystem.”

DEGEN’s current market capitalization is $155 million This after its value multiplied in recent days. Let’s take a look at how to participate in the Farcaster ecosystem and earn new meme coins.

DEGEN Cultivation Method

If you missed the first DEGEN airdrop, there are still a few ways to get tokens. DEGEN has two programs that allow users to accumulate points that can later be converted to DEGEN: “Airdrop 2” and the liquidity mining program.

For the second DEGEN airdrop, users can accumulate points by tipping (DEGEN) to other Farcaster users. To tip, simply enter the amount you want to tip and the word “$DEGEN” into the cast and the tip will be provided to that user. For example, responding to a cast with “69 $DEGEN” will tip the caster 69 DEGEN tokens.

You do not need to purchase DEGEN to use it as a tip. Every user receives a daily allowance from DEGEN for tipping other users. The size of your daily allowance depends on your reaction to cast ratio.

You can find the exact math on how to calculate your daily allowance. here. Unused DEGEN will not be carried over to the next day, so be sure to use it while you can. To receive your daily allowance, simply connect your wallet to your Farcaster account and make at least 3 casts (Farcaster version of tweets). After that, your account will receive DEGEN every day.

Start tipping when you qualify for benefits! You can check the points you have accumulated so far by connecting your wallet to the DEGEN website.

Another way to increase your Airdrop 2 points is to know where to tip. There are certain channels where you get boost points for tips provided on that channel. The channels that Tipper currently receives boost points from are /Base, /Founders, /Dev, /Design, /Product, /Frontend, /FarCon, /frames, /perl, /Zora, and /farcastHER.

Users can redeem their points for DEGEN once a month, but no exact date has been announced when redemptions will begin.

liquidity mining

Users can also earn points by providing liquidity to DEGEN on Uniswap V3. Pool with 0.3% fee. Eligible users can claim liquidity mining rewards starting February 22nd, and the program will run until July 8th.

Note: If you have never provided liquidity before It’s not a joke. Becoming a liquidity provider is difficult, and blind beginners often end up jobless due to impermanent losses. Don’t do anything uncomfortable to get those magic internet points.

Editor: Andrew Hayward