Degen Express’ Platform Launch Marks New Era in DeFi
As reported by Fortune Business Insights, as of 2023, the DeFi market was more than $59 billion in capitalization, much more significant even than the market capitalization of the USA’s third-largest bank, JPMorgan. We expect market sales to escalate at a 28% yearly proliferation rate for the next five years. The size of the industry, which today is at $2 billion, is forecast to increase by 2% per year in the coming decade, and in 2030, it will reach a $337 billion market size. The prize is that the meme coin market brought in a record value of more than $55 billion in the first week of May 2024. As the DeFi and meme coin universe expands, you need to have a dynamic environment in place that can bring growth to other emerging tokens and game-changing creators.
Degen is the expertise in the field of streaming and broadcasting, where it can merge broadcasting and media streaming services into a centralized ecosystem.
The platform offers advanced features such as a custom virtual Automated Market Maker (vAMM) that guarantees creators and navigators security. Additionally, pool launches, which can be held at intervals of 30 minutes with a 100-user whitelist, assure safety for both.
Employing some of the finer points of this strategy, creators can now readily earn income by posting their content on this platform.
All such tokens on the Degen Express platform follow the default 1 billion token supply rule. For the first time, the process of making your token has become an accessible task to creators.
Step 1: Make sure you already know the utility and value of your token.
Step 2: Develop your social networking platforms (Discord, Twitter, Telegram, etc).
Step 3: Access the DE site and find the token you want to build by clicking on the “Start a new coin” button on the homepage.
Step 4: Pick the coins name, ticker, emblem, and description.
Step 5: Elaborate on the captured social media accounts in Step 2.
Step 6: Choose your preferred pool size as well as the optional sell penalty from the options below.
Step 7: Choose up to 10% of the token allocation to be distributed 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: Make a token.
Step 9: The users are buoying by buying on the bonding, and when the market cap reaches $55k, $12 of liquidity is deposited on AMM DE and burned as the desired liquidity forever.
The idea behind Degen Express is to make it a channel through which users can buy various cryptocurrencies such as BTC, ETH, DOT, LINK, ADA, SHIB, and DOGE as part of one platform that helps them with making the purchase easy.
The process to get your first token on the DE platform is simple, and it includes:
Step 1: Use an exchange in search of a coin that has the potential to go up.
Step 2: Let this be the turning slope where we buy the coin.
Step 3: Close the coin whenever you set the target goals or reduce the theoretical or actual losses.
Step 4: The process is cumbersome when buyers trade their tokens for the bonding curve in the beginning till they hit $55k in cap and pull out 16% ($12k) to the liquidity in the DE AMM for trading.
Step 5: After the launch, you can find Meta Match Arena tokens on the official token swap page.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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