# Welcome To DEGEN Price Points

By [Degen Price Points](https://paragraph.com/@degenpricepoints) · 2024-03-07

cryptocurrency

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![](https://storage.googleapis.com/papyrus_images/d17c1d47a1abdc0802e336b9baa9d097.png)

We are very excited to be part of the Farcaster and DEGEN token community. Farcaster is basically X (Twitter), Reddit, and Web3 Crypto all rolled into one. With Farcaster, you can do all kinds of things right inside your "Tweets". Like mint NFTs, purchase Girl Scout cookies, and play Web3 games.

The Degen token is the "Native" token in Farcaster, which has HUGE potential. One unique thing about the DEGEN token is users receive a set amount of DEGEN each day to "Gift" to other users in Farcaster. So just by typing the amount followed by the word $DEGEN, (like this: 420 $DEGEN) you "gift" another user that number of DEGEN. The tokens are distributed at the end of each month.

We here at Degen Price Points run the /degenprice channel on Farcaster. There are about 50 popular channels at the time of this writing. They help organize Farcaster much better than using hashtags. Some of the popular channels are: Ethereum, Frames, Memes, Art, Exercise, and Food.

If you are reading this in 2024 then you are VERY, VERY early to Farcaster and the DEGEN community. To get started with Farcaster, just install the Warpcast app on your smartphone [https://www.farcaster.xyz/](https://www.farcaster.xyz/)

Hope you too you on the Farcaster side soon!

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*Originally published on [Degen Price Points](https://paragraph.com/@degenpricepoints/hello-and-welcome)*