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An interesting gameplay has emerged on Farcaster - $DEGEN is no longer just a meme Token, it has now become the "passport" for the entire social ecosystem.
Recently launched Degen Hub has figured this out: you can use $DEGEN for tipping, posting content, and interacting with others on the platform. What's even more interesting is that they've created a leaderboard and points system, allowing creators' influence to be directly converted into real money.
This approach that combines meme culture and creator economy can be considered a practical application scenario for social tokens. Let's see if we can come up with some new tricks on Farcaster.
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The leaderboard mechanism is back, this time it's Farcaster's turn to play on creator anxiety.
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To be honest, DEGEN's transformation from meme to ecological token is a bit ridiculous.
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The question is, how many people are really active on Farcaster? Will it again become a tool for Be Played for Suckers?
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Creator economy + social Token, it feels like we are repeatedly verifying the same failed formula.
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Using tokens for tipping Settlement, calling it Decentralization, but isn't it still a centralized platform playing people for suckers?
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It's interesting, but let's see how long it can last without crashing.
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DEGEN has finally found its use, before it was just pure air.
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This point redemption logic is not much different from Lens's engagement Token, right?
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Another reason that I need to Coin Hoarding to be active on social platforms, it's exhausting.
Suddenly thought, will this mechanism turn into a game where Large Investors play people for suckers...
degen hub's operation this time is a bit extreme, directly linking rewards to creation, feels like it could be popular.
But for the leaderboard part, how to ensure it won't be manipulated? That's key.
Wait, can creators really make money? Then I need to see if I can get some benefits.
If this thing can be developed, other social platforms will have to copy it.
To be honest, compared to that pile of scamcoins, this degen idea still has some substance.
Wait, will this leaderboard be yet another place for bots, while the real creators get drowned out?
Degen Hub has really captured this wave, the combination of memes + creator economy, I'm optimistic.
Another "pass", why does it feel like every ecosystem wants to play this set?
If this mechanism has enough transparency, it can indeed give creators hope, the key is to guard against the exploiters.
Wait, can influence really be converted into money? Then I have to jump in and give it a try, or I might miss the opportunity again.
These folks at Farcaster really know how to play, from memes to payment tools, their thinking is indeed wild.
The combination of memes + creator economy sounds beautiful, but execution is the key, brother.
Isn't this just applying Twitter's tipping model on-chain? A new bottle for old wine?
If it can really make money, then it's more appealing than anything else, the progress bar has been initiated.