Feb. 28 at 7:20 PM
$DEGEN.X There are few things at play here:
A) DEGEN app
B) DEGEN brand
C) DEGEN chain
A) Right now the app does not generate any revenue. Jacek's direct comment "current focus is on building an exceptional Farcaster client first." They will figure out economics as the app scales. Keep an eye on the Dune dashboard
https://dune.com/degentokenbase/degen-overview#degen-treasury
B) Seems like there was an epiphany behind the scenes at DEGEN. The lead builder is focused on brand. He keeps reiterating how
$NKE never talks about the shoes directly, but rather athletics. There is going to be an emphasis on Web 2.0 marketing instead of the niche Web 3.0; keep an eye out for new Tik-Tok and Instagram accounts
Brand will not directly tie into the token price. Jacek is trying to recreate what
$PENGU.X did using some of the same collaborators that launched that brand
C) Degen Chain; every time Jacek brings up Las Vegas, that's his hint something is going on behind the scenes with Degen Chain