Developers Getting Rich With This Hidden Token

Summary

The video script discusses the transformative potential of a cryptocurrency called DEGEN, which is gaining popularity through a special airdrop and its use on social media platforms WARPCAST and FARCASTER. These platforms operate on blockchain technology, allowing users to earn money through interactions. The script highlights the involvement of influential figures like Vitalik Buterin and the growing interest from developers. It also explains how users can participate in the airdrop and the benefits of joining the social media platform, including minting NFTs and engaging in a new economy. The speaker emphasizes the importance of community and quality interactions, suggesting that DEGEN and its associated platforms could be significant in the current bull market for cryptocurrencies.

Takeaways

• 😲 Developers are becoming wealthy through a special airdrop service that is not widely known.
• 📈 A massive airdrop is expected to distribute around 100 million dollars to its users.
• 🔍 'Hands On Finance' focuses on on-chain analysis to track transactions and identify investment opportunities.
• 🚀 DEGEN is a coin used on the WARPCAST and FARCASTER platforms, which are blockchain-based social media emulating Twitter.
• 💡 Vitalik Buterin, a highly influential figure in blockchain, is actively using these platforms, indicating their potential significance.
• 💰 The speaker has a preference for coins that developers are interested in, as they tend to generate substantial revenue.
• 🤖 Developers, particularly those subscribed to 'Handsome Finance', are portrayed as being more successful in dating due to their profession.
• 📊 DEGEN is a token used for tipping on WARPCAST and is also the main meme coin on BaseChain, which has a significant market presence.
• 💳 To participate in the airdrop, users need to create an account on WARPCAST by paying a small fee to avoid bots.
• 🌐 WARPCAST offers interactive features such as minting NFTs directly in the browser and tipping for posts.
• 📈 The number of transactions on the platform is increasing, which is typically a positive sign for the associated cryptocurrency's price.
• 🔗 The speaker suggests that the social network's growth and user interaction are indicators of a strong ecosystem, which could be beneficial for investors.

Q & A

What is the main topic of the video script?

The main topic of the video script is the discussion of a cryptocurrency called DEGEN, its airdrop, and its use on the social media platforms WARPCAST and FARCASTER, which operate on the blockchain.

What is special about the airdrop mentioned in the script?

The special airdrop mentioned is expected to distribute around 100 million dollars to its users, which is a significant amount that could potentially transform regular individuals into wealthy ones with minimal effort.

What is the significance of the term 'normies' in the context of the script?

In the script, 'normies' refers to regular people who are not deeply involved in cryptocurrency or blockchain technology, implying that even those without specialized knowledge can benefit from the airdrop.

What is the role of blockchain in the context of the video script?

Blockchain serves as the underlying technology for the social media platforms WARPCAST and FARCASTER, as well as the DEGEN cryptocurrency, allowing for transparent transactions and interactions.

Who is Vitalik Buterin and why is his involvement significant?

Vitalik Buterin is a co-founder of Ethereum and is considered one of the most influential figures in the blockchain space. His active use of the WARPCAST and FARCASTER platforms suggests that they have potential and are gaining traction within the industry.

What is the connection between developers and the success of a cryptocurrency according to the script?

The script suggests that developers are more likely to get rich from cryptocurrencies because they can invest money, build around the coins and ecosystems, and have a pool of available time due to their lifestyle, which can contribute to the success of a cryptocurrency.

What is the role of DEGEN in the BaseChain ecosystem?

DEGEN is a token that can be used for tipping on the WARPCAST platform and is also the main meme coin on BaseChain, which is a layer two solution that aims to provide an easy onboarding process for users and a working layer three for DEGEN.

What does the script suggest about the future airdrops of DEGEN?

The script suggests that there will be two more airdrops of DEGEN, with 20% and 25% of the tokens being distributed, respectively, which could significantly increase the value and distribution of the token.

How does the script describe the process of creating an account on WARPCAST?

The script describes the process as requiring a small payment of 5 units of currency to avoid bots and gain access to the social media platform, where users can interact, mint NFTs, and participate in various activities.

What is the potential impact of the growing social network on DEGEN's value according to the script?

The script implies that as the social network grows, with more interactions and transactions, the value of DEGEN could increase, especially with the upcoming airdrops and the potential for more people to get involved.

What is the script's stance on financial advice regarding DEGEN?

The script makes it clear that it is not providing financial advice, but rather sharing information and insights about DEGEN and its ecosystem. It encourages viewers to make their own decisions based on the information provided.

Outlines

00:00

💰 Blockchain Wealth and the DEGEN Coin Phenomenon

The video script introduces the concept of developers amassing wealth through a special airdrop service for the DEGEN coin, which is transforming regular individuals into wealthy ones with minimal effort. It highlights the upcoming massive airdrop distributing around 100 million dollars to users. The script welcomes viewers to 'Hands On Finance,' a platform that studies on-chain transactions to understand the financial movements within the blockchain ecosystem. The DEGEN coin is discussed in the context of the social media platforms WARPCAST and FARCASTER, which operate on the blockchain and emulate Twitter. The script emphasizes the importance of the coin being used by influential figures like Vitalik Buterin and the potential for developers to build and invest in the ecosystem. It also humorously touches on the stereotype of developers being single and thus more available for market opportunities. The DEGEN coin is positioned as a tipping token on WARPCAST and a significant player in the BaseChain ecosystem, which is set to have further airdrops contributing to its value. The script concludes by encouraging viewers to create an account on WARPCAST to participate in the social media experience and take advantage of the airdrop opportunities.

05:01

🌐 Interactive Social Media and the Growth of DEGEN

This paragraph delves into the interactive nature of the WARPCAST social network, which allows users to tip each other with the DEGEN token for posts they like. It mentions Jesse Polak, a significant contributor to BaseChain, and his activity on the platform as a sign of its potential. The script discusses the importance of the growing number of transactions and holders as indicators of the platform's success. It also highlights the ability to mint NFTs directly in the browser and the various interactions available on the platform, such as playing games. The paragraph emphasizes the quality of interactions and the absence of scammer activity, offering a more genuine social media experience. It discusses the technical aspects of the blockchain, the speed of transactions, and the features of the platform, such as creating channels for specific topics. The script also mentions the integration of WARPCAST with other platforms like Twitter and the potential for creating a full economy within the social network, hinting at the broader implications of such a platform for the blockchain space.

10:01

🤔 Personal Insight and Investment Considerations

In the final paragraph, the script shifts to a more personal tone, with the speaker sharing their own decision to invest in DEGEN at its current price. It acknowledges the lack of a dedicated channel for the topic within the WARPCAST platform and suggests creating one, reflecting the speaker's openness to learning and sharing in public. The script invites viewers who identify as 'Degens' to consider the DEGEN token and the WARPCAST social network, suggesting that there is more to this project than initially meets the eye. It concludes by referencing a strategy video for the current bull market and encouraging viewers to build on WARPCAST and create 'frames,' while reminding everyone to 'stay handsome,' ending the video on a light-hearted note.

Keywords

💡Airdrop

An airdrop in the context of cryptocurrencies is a distribution of digital tokens or coins to a large number of wallet addresses, often for promotional purposes or as a reward. In the video, the term 'airdrop' is used to describe a significant event where 100 million dollars are being distributed to users, which is a central theme illustrating the potential for wealth generation in the crypto space.

💡Blockchain

Blockchain is a decentralized, distributed ledger technology that records transactions across multiple computers so that the record cannot be altered retroactively, enhancing transparency and security. The video discusses the transparency of blockchain as an open ledger where transactions can be tracked, which is fundamental to the theme of studying on-chain activity.

💡DEGEN

DEGEN is mentioned as a coin used on the platform WARPCAST and FARCASTER. It is presented as a part of the social media ecosystem on the blockchain, which is a key concept in the video as it discusses the integration of social media and cryptocurrency, allowing users to earn and interact in new ways.

💡BaseChain

BaseChain is referred to as a layer two solution that works well with Coinbase, one of the largest cryptocurrency exchanges. It is part of the infrastructure that supports the DEGEN coin and is highlighted as a significant narrative in the video, indicating the importance of the underlying technology in the crypto space.

💡Social Media on Blockchain

The video discusses social media platforms like WARPCAST and FARCASTER that operate on the blockchain. These platforms allow for new forms of interaction, such as minting NFTs and tipping with cryptocurrencies, which are central to the video's exploration of how blockchain technology is transforming social media.

💡NFT

NFT stands for Non-Fungible Token, which is a unique digital asset that represents ownership of a specific item or piece of content. In the video, the ability to mint NFTs directly in the browser on the WARPCAST platform is highlighted as an innovative feature of the social media on the blockchain.

💡Vitalik Buterin

Vitalik Buterin is the co-founder of Ethereum and is mentioned in the video as a significant influencer in the blockchain space. His use of the WARPCAST platform is presented as an endorsement, which is relevant to the video's message about the credibility and potential of the platform.

💡Developers

The video emphasizes the role of developers in the cryptocurrency space, suggesting that they are likely to be early adopters and influential users of new technologies. The script humorously notes developers' potential to be financially successful and influential in the ecosystem, which ties into the broader theme of the video about the opportunities in the crypto market.

💡Market Cap

Market Cap, or market capitalization, is the total value of a company or an asset. In the context of the video, it refers to the current valuation of the DEGEN coin and is used to discuss the potential for growth and investment, which is a key point in evaluating the opportunities presented by the coin.

💡On-Chain Metrics

On-chain metrics are quantitative data derived from blockchain transactions that can provide insights into network activity and trends. The video mentions the importance of tracking the number of holders and transactions as indicators of the growing interest and adoption of the DEGEN coin and the WARPCAST platform.

💡Farcaster

Farcaster is a blockchain-based social media platform mentioned in the video. It is part of the ecosystem that supports the DEGEN coin and is highlighted as a place where influential figures like Vitalik Buterin are active, indicating the platform's significance in the crypto community.

Highlights

Developers are becoming wealthy through a special airdrop service that is not widely known.

The airdrop is set to distribute approximately 100 million dollars to its users.

Hands On Finance studies on-chain transactions to observe who gains or loses money.

DEGEN is a coin used on the WARPCAST and FARCASTER platforms, which are blockchain-based social media emulating Twitter.

Vitalik Buterin, a highly influential figure in blockchain, is actively using the platform.

Developers are often the early adopters of new coins, indicating potential for growth.

DEGEN serves as a tipping token on WARPCAST and is the main meme coin on BaseChain.

BaseChain is gaining traction due to its ease of use and Coinbase's market influence.

Degen's market cap is currently 340k, but it has a Fully Diluted Valuation (FDV) of 1 billion due to pending token releases.

Upcoming airdrops are expected to significantly increase the token's distribution and value.

Creating an account on WARPCAST requires a small fee to deter bots and grants access to the social media platform.

WARPCAST allows users to mint NFTs directly in their browser for free.

Jesse Polak, a significant contributor to BaseChain, is active on WARPCAST, indicating its credibility.

The social network is becoming increasingly interactive with various functionalities like minting, gaming, and tipping.

On-chain metrics show an increase in transactions, which is typically correlated with price increases.

WARPCAST and FARCASTER are built on blockchain, offering transparency and fast transactions.

Users can create channels on WARPCAST to discuss specific topics, similar to forums or hashtags on Twitter.

The speaker emphasizes the quality of interactions and content on the platform, suggesting a positive community.

The speaker personally invested in Degen, indicating a belief in its potential based on current observations.

The speaker encourages viewers to explore the platform and consider its potential in the context of the current bull market.

Transcripts

Developers are getting insanely rich under our own eyes with this

coin because they have a special airdrop by using a special service

that not many people know about it.

And it's literally transforming normal guys, normies into rich

people just by doing few clicks.

And the insane thing is that they have a massive airdrop

coming in that will probably.

Distribute around 100 million dollars to its users.

By the way, welcome on Hands On Finance, where we study what's happening on chain

because the blockchain is an open ledger so we can see all the transactions,

who made money, who lost money, for who lost money, and make even more money.

But also, we have to push it to the next step, the social media and everything.

So don't forget to pull out your little matcha, minus putty down from

the research, and let's get to it.

Buckle up I'm going to talk about DEGEN, a coin on the base chain.

But this is not where it's important.

It's actually what's happening behind.

Because DEGEN is a coin that is used on the platform WARPCAST and FARCASTER,

which are a social media that works on the blockchain And emulates

twitter and now you're gonna tell me but Antoine we saw that already We

remember in the previous bull markets.

We steam it and all the things like that It's true.

We always have some kind of social media But on the blockchain and

you can make money with it and it ends up being all spam and being

great Quite cheaty content, I agree.

But now what if I tell you that the most influential person on the

blockchains is using it, Vitalik Buterin.

If you see this guy posting quite often on it, honestly, it requires to pay

attention because I have a little bit of a fetishism with coins that developers love.

Why?

Because developers makes good money.

Developers can invest money.

They can easily get a recurring salary.

Developers build a lot of stuff around the coins that they play in and around

the ecosystems that they are in.

And also developers don't get laid.

So that creates pool of people available for me on the market.

I mean, except developers, of course, that are subscribed to Handsome

Finance because they go on a date and say, I'm a blockchain developer.

The girl is like, but I'm subscribed to Handsome Finance.

She's like, okay, tell me where's your room.

We're going now.

This is what is happening in real life.

I'm not even kidding.

We.

have Vitalik sharing all his article here about the Dijin communism on

Farcaster, on WARPCAST, but this is where you can have so many functionalities.

And this is when I know this project, there's something behind it.

If I see a lot of things built on some kind of ecosystem

that attracts my interest.

If I see a lot of interaction that attracts my interest as well.

So let me explain to you step by step what's happening.

DeGen is a token that you can tip on this platform, WARPCAST, and it's

also the main meme coin on BaseChain.

BaseChain, one of the biggest narratives, it's not a genius idea, it's just easy.

Coinbase is one of the exchanges that have the biggest market, which is USA

and a lot of Europe and tons of users.

They can easily onboard and have a layer two that is working pretty well.

They have some good stuff.

Well, Degen is a layer three and now I lost half of the people on the

it's fine.

We are 340 K market cap on the screener, but 1 billion FDV.

And that's because.

They didn't release all the tokens yet and we are going to have another airdrop.

Airdrop 2, 20% AirDrop 3, 25%.

You don't need to be a genius in mathematics to make the calculation.

That's what's going to happen on AirDrop 2 and 3.

When you have something that have this market cap, you can just go and take your

piece of the cake because you deserve it.

Now, how?

Well, you need to create an account on Radcast.

I will give you a link.

It's pretty easy.

You just need to pay 5 to avoid the bots.

And then you have access to this fabulous social media where I want

to explain why it's interesting.

They release tons of things on it.

First, you will have a bit more like the more interesting people going on it.

Then you can mint some NFT right in your browser.

You click free mint.

And that's it.

You mint it.

You can mint some NFT.

You can do tons of other interaction, like playing a game, whatever it is.

It doesn't matter.

What matters is that this social network is getting really, really interactive.

And if I like a post I can just type the amount I want to give of Djane

Reply and that's it Before we go into the on chain metrics, we have

to also talk about Jesse Polak, which is one of the biggest contributor

of base chain and he's active on it.

So now.

I don't know.

But if you think about, okay, base chain is a narrative that I like,

and I think it will work, then you should look at Degen as well.

I mean, easy looking at it, but I mean, you don't have to, it depends how much

you like money and then you will be able to make tons of connection on

this platform, which is pretty new.

You can connect with me not many people on it and we don't have all

the circle of scammers of posting Different fake screenshots of pnl.

I mean

You can meet tons of interesting people on WARPCAST and outside WARPCAST as well

actually the other day I met this lady.

She had a boob job a nose job and an eye job, but she

never worked a job in her life

she was my sugar mommy and we know how it ended up if you

follow all the other videos

let's check the data and what's happening around the price.

We have a nice pullback on the price and now you can go in for

about two cents, but I don't want to talk so much about the price.

This is interesting, but not the most interesting thing.

We can see normally when the transactions go up, the price goes up and now

we have a number of transactions that is apparently going up.

So I don't know what's going to happen next.

But it's definitely a good sign.

So this is something that will constantly measure the number of holders the number

of transactions and what is going on because this kind of Social network.

I can see everything how many times people are doing some casts So when

we have dollar digit mentioned into rap cast I can see how many posts

are done with this tipping scene and You So far it's trending up.

So that's a good detail as well.

Let's, however, do not forget that Degen is something that comes on

top of FarCaster and WWARPCAST is just a visualization of FarCaster.

This is something that's happened on the blockchain.

You don't have to understand all the technical details, but we can see that

overall we have a growing social network.

I checked their blockchain explorer and I can attest that everything is really fast.

I tried to do some transaction, it's doing well.

I talked about the frame as well, which is those screens that you can

find when you are on the platform and can create some interaction.

Will be minting, starting to follow someone, playing some games, have

all the interaction that we do on Twitter as crypto people, but

can't really have access to it.

Again, talking about the integration and what is getting built on.

Paragraph also have, when you see at the bottom, they have their WARPCAST,

they have Twitter and WARPCAST.

Because most of the people will use Paragraph, which is again on the

blockchain to publish some content online, some written content, and

we see an interaction around here.

Another cool feature is that you can have a channel that you

create to talk about the topic.

For example, meme coin or handsomeness.

So if I want to have something that is going to talk about

handsomeness, I can create it.

Or if I want one that will talk about Handsome Finance, which would

be kind of a forum to interact here, I can create this channel.

That's it.

It's created.

And I would just say, stay handsome.

Now, everyone who joins can start to talk in this group.

Same as you have the founders group here that you can be following,

interact with the people.

It's a bit similar to following your hashtag, I guess.

What I love is that the quality of people I can find like this guy

Ryan who wrote Everything on how to maximize your number of points to get

some Allocation in the next airdrop.

I mean the quality of the graphics is just on another level Everything is explained

about like how you have to Message tips because everyone receives some tips so

you will get some money for free And then if you send it to some others, maybe they

will send it to you as well back There's a full economy that is getting created

and I think This is an interesting concept for blockchain And might be a really

good idea I'm not here to tell you if you should buy or not because everyone can

take their own decision and this is not financial No dating advice, even if we

give Quite good dating advice, but sitting at this price personally, I bought some

I know you are probably wondering if we had a channel about this topic and

apparently not yet So maybe we should create it and I apologize if this video

was not perfectly Organized because I could have waited a week And develop

more a bit my knowledge around it But I like to learn in public and I want to

share as much as I know on this because if you like meme coins You're a Degen.

If you identify as a Degen, there's a high chance you like this token There's a

high chance you like this social network

But I think this is only a small part of the iceberg and you should check out

this video where I explain my Strategy for this bull market because this will

be a lot more important and I want people in the investors ballroom to start to

build On rack cast and start to build some frame, but also most importantly.

I want everyone Who is watching this?

To stay handsome Ciao