Are you using Farcaster? You Can Qualify for This Airdrop—Here’s How

Farcaster's decentralized social media protocol is seeing significant growth after launching its newest feature: Frames. Frames allow users to perform certain tasks in Farcaster applications without leaving, meaning you can mint an Ethereum ERC-20 token, embed a playable online game, or sell Girl Scout cookies directly within the frame.

Frames have brought a lot of attention to Farcaster and the app that many users use to interact with the Farcaster protocol Warpcast. One result of the increased attention is a wave of speculators eager to bid on the new flavor of meme coins: meme coins launched by Farcaster himself.

Dough It is an ERC-20 token launched on the basis of the Ethereum scale. First appeared on the chain January 7 And first forwarded to the Degen channel community on Farcaster. According to the meme coin website, the group's goal is to distribute the token among “developers, content creators and users within the Base and Farcaster ecosystem.”

As of now, DEGEN has a market capitalization of 155 million dollars After multiplying several times in recent days. Let's dive into how we can participate in the Farcaster ecosystem and get some of these new commemorative coins.

How to cultivate DEGEN

If you missed the first DEGEN airdrop, there are still a couple of ways you can get some tokens. DEGEN has two programs where users can collect points that will later be converted to DEGEN: “Airdrop 2” and the liquid mining program.

For the second DEGEN airdrop users can collect points by giving tips (in DEGEN) to other Farcaster users. To tip, all you have to do is type the amount you want to tip and the word “$DEGEN” into the box, and it will tip the user. For example, answering an arrow with “69$DEGEN” will use 69 DEGEN tokens.

No need to purchase DEGEN to use as tips. Each user gets a daily allowance in DEGEN to give tips to other users. Your daily allowance is determined by your response-to-cast ratio.

An accurate calculation of how your daily allowance is calculated is available. over here. Unused DEGEN from your allowance will not carry over to the next day, so be sure to spend them while you still have them. To qualify for the daily allowance, all you have to do is link the wallet to your Farcaster account and make at least three recordings (the Farcaster version of tweets). After that, your account will be eligible to receive DEGEN daily.

Once you qualify for the grant, simply start tipping! You can connect your wallet to the DEGEN website to see the amount of points you have earned so far.

Another way to increase your points for Airdrop 2 is to know where to point. There are certain channels that receive added points for tips given in them. Currently, the channels where tippers receive mod points are: /base, /founders, /dev, /design, /production, /frontend, /FarCon, /frames, /perl, /Zora, and /farcastHER.

Users can expect to redeem their points for DEGEN once a month, but the exact date when redemptions will begin has not been announced.

Liquid mining

Users can provide liquidity to DEGEN on Uniswap V3, especially by Pool with 0.3% fees. Eligible users can claim their Liquidity Mining rewards starting February 22nd and the program will run until July 8th.

Just a heads up: If you haven't provided liquidity before, it is No joke.. Being a liquidity provider is tough, and newbies who go in blind are often turned away due to constant losses. Please do not do anything you are not comfortable with when trying to develop internet points.

Edited by Andrew Hayward.