First of all, congratulations to the DEPE community. Since the community took over DEPE, our goal has always been to set it free from the bonding curve to improve discovery and distribution. With the relaunch on Base, we have not only eliminated that limitation but also left behind the restrictions of an abandoned L3 chain. DEPE is now playing in the big league with the potential to become the biggest meme coin on Base.

What we achieved with this migration and TGE is no small feat. DEPE was created more than a year ago at the height of DEGEN. Many of the original holders have not logged into Farcaster for over a year, so getting the word out about the migration was not easy. We had to be creative, from running targeted Gigbot and Inflynce campaigns to using advanced search tools to track down and reach old holders.

In the end, the migration was a success. Over 15.6 billion DEPE were converted into 3.61 ETH, most of which has already been added as liquidity from launch. We also distributed 40 billion DEPE to 140 people based on their original holdings. It was one of the fairest airdrops this space has seen from day one.

Now that TGE is behind us, we must face the big question. How do we grow DEPE and make it the number one meme coin on Base, echoing across the entire crypto space?

The answer is that we must be unique, strategic, and active. Many have asked if DEPE will follow the tipping model like DEGEN and others on Farcaster. The truth is tipping is unsustainable. DEGEN itself had to end its program early, and the few projects still doing it have become side notes. From the beginning, DEPE’s vision has been to stand out, and that is the path we are staying on.

This brings us to the DEPE Content Machine - a first-of-its-kind meme competition platform where the community can create, stake, and compete for rewards while earning $DEPE. It will launch as a Farcaster mini app, also accessible through the Base app.

The goal of the Content Machine is simple: generate nonstop DEPE content while giving value back to the community. Crypto is an attention game. With the Content Machine, DEPE will stay in the spotlight. Our ideology is to be so good that it becomes impossible to ignore. See the Echoes of the Foretold section on the website to learn about DEPE's grand vision.

Next steps

The first version of the Content Machine is already in the works and will soon be live for the community to use. Beyond that, we are in early talks for collaborations and partnerships that can grow DEPE’s reach. A first community town hall is also being planned.

But above all, our greatest strength will always be the community itself. Crypto is full of cynicism, and the only way to last is to build our own ship and sail it together.

So I encourage everyone to stay active. Follow DEPE on socials, like and share posts on X and Farcaster, and keep the energy alive in TG.

DEPE is destined to be the King of Memes. The throne awaits.

🐸🎩🟦

PS: Shoutout to the mystical DEPE whale known as J, the Clanker team (give Dish his flowers), and the Uniswap crew for stepping in last-minute to resolve the DEPE/WETH liquidity issue and ensuring the launch was successful.

For those hearing about DEPE for the first time, here’s a short story to help you catch up.

A few months after Degen went viral, the team launched its L3 blockchain. Just a few days later, the first-ever token on that L3 blockchain was launched: DEPE. It was born from Degen and Pepe, two iconic, community-powered memecoins. The token, a kingly buffed frog with a purple hat, launched as a child token to Degen on Mintclub with automated liquidity.

With its lore and the continuous rise of Degen at the time, it was only natural for the first token on the Degen chain to start gaining public attention.

In just a couple of days, DEPE was getting shoutouts from big YouTube influencers. Even the famous Ansem quoted it on Twitter and touted it as the next big memecoin play. If you're familiar with crypto Twitter and the memecoin craze in early 2024, you already know what happens when a token gets a shoutout from Ansem.

In its first month, DEPE was doing over $20 million MCP, but it didn’t take long before it started tanking rapidly. Shortly after, the founders announced they were walking away and handing DEPE over to the community around $4.2M MCP.

From what I know about the incident, DEPE was launched by the founders of one of the biggest platforms on Farcaster (I am keeping their names private). They rugged it and tossed it to the community, not due to a conflict of interest with their platform, but simply because they are bad players.

Since then, DEPE has struggled to regain momentum. The community has tried everything. To mention a few of our efforts, we've had a series of conversations with the Degen team, Mintclub, influencers, and some top exchanges to find ways to restore DEPE, but none of those efforts were fruitful.

Apart from being rugged by the founders, DEPE had a huge issue with its creation. It was created as a child token with a bonding curve on Mintclub on a newly birthed L3 chain. The success of DEPE was dependent on its minting out of its bonding curve, which was also tied to the success of the Degen L3 chain. The problem with this is that the Degen team has never focused on the Degen L3 chain as their main thing. Earlier this year, Jacek, one of the co-founders and CEO (who is now the sole lead), announced in an X Space that all their attention is on their new Farcaster client development and not on their chain.

Why are we relaunching DEPE?

Currently, DEPE's bonding curve progress is 35.16% (35 out of 100 steps) and has seen trading volume go super thin, some days with less than $200.

DEPE currently has 39,936 holders and over 24.59 million Degen locked in the liquidity vault. That's over $84k at the current market price.

There's no memecoin currently on Farcaster since Degen has transitioned into a utility token.

While DEPE has had all these issues, it has one of the most die-hard communities in crypto with over 8k followers on Farcaster. The lore is everlasting, and with its story, it's only going to get better.

The community never left, and now that the Farcaster and Base ecosystems are booming, they deserve a fair chance to back something they believe in, but this time on a chain with no limitation, no bonding curve limitation, and no team to rug.

There's no better time than now to do this.

New Tokenomics of DEPE on Base

The new DEPE is designed to return 100% of the value to the community. No insider pre-sale, no VCs, no influencers.

• 50% Airdrop to old token holders: All holders must deposit/migrate their token before the snapshot deadline to be eligible to claim the airdrop. All deposited tokens will be burned via Mintclub and added as liquidity to the New DEPE.

• 30% liquidity via Clanker.

• 10% community growth.

• 10% team.

The token supply will be capped at one hundred billion and launched via Clanker.

TGE will be announced after the snapshot ends, and until the announcement, don't fall victim to any fake token. An announcement will be made on the official DEPE channel, Telegram, and X, respectively.

TG: https://t.me/DegenDEPE
FC: https://farcaster.xyz/~/channel/depe
X: https://x.com/DegenDEPE

On all channels, keep your notifications on, share this article, and tell everyone you know who holds DEPE about the news.