🪙$DEGEN

Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.).

💎 Emission

$DEGEN is minted by playing DegenReborn life rounds. 🎮

Reward formula --

$$Reward = (Base + Ranking) * CPI$$

What is CPI 🧐

Determined by price of $DEGEN, as read from DEX in the deployed chain (e.g. Pancake).

For example, when $DEGEN price goes up by 50%, CPI will go down by 50%, vice versa.

Your Percentile	Base Reward
< 1%	18
1% ~ 10%	8
10% ~ 30%	3
30% ~ 50%	2
50% ~ 100%	1

Your Ranking	Ranking Reward
1	8888
2 ~ 10	888
11 ~ 100	88

🎯 Utility

The key utility for $DEGEN is to win Airdrop + Jackpot rewards, which grant both $DEGEN tokens and native tokens like NATIVE TOKEN. 🤑

$DEGEN will be used for future game modes of DegenReborn, too. 😎

🔥 Burn

Tributing $DEGEN tokens will cause it to be staked & burned from circulating supply. ♻️

It can still be moved across different incarnations anytime. 👻

Since the leaderboard is refreshed when a new season starts, new incarnations and new $DEGEN need to be created to compete in the new season. 🐣

♻️ Tokenomics

$Degen Distribution

🧠 Big Brain Diagram