DEGEN TRADING

What is Degen?


Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care. They will buy because the asset logo looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the internet says she's looking into crypto and the first two shill comments gets more likes than others. 

Essentially, a degen trader buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings. This is for high risk crypto traders making money from"Shazam-shazam"😅

How does Degen work?

Almost all degen yield farms create a new token to give out, this is called their farm token. This token has no real value, but the people who start the yield farm will put up an initial deposit of money. This money is added to a liquidity pool so that people can actually buy the token and to set it's initial price.

How do I become a crypto Degen?

You could be called a 'degen' if you often buy (or 'ape') into a project without properly doing your own research ('DYOR').

How do I start Degen?

Download a Metamask Wallet. ...

Set up your Metamask. ...

Buy Ethereum as Your Base Currency. ...

Send Ethereum From Binance to Your Crypto Wallet. ...

Choose a Decentralized Exchange (DEX) ...

Connect Your Wallet. ...

Trade Your Ethereum With the Coin You Want to Get. ...

If DEGEN Index Doesn't Appear, Find its Smart Contract.

NB : Always DYOR, though some have become millionaires through Degen.

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