$DEGEN airdrop: BEST Reason to join FARCASTER

the DJ token has been trending over the last week it's been performing very well so in this video we're going to go over what it is and how you can get dgen for free because this is all part of the foraster airdrop now if you're not familiar with forecaster it is a collection of web 3 tools built on ethereum and other blockchains and to interact with it most people use warcaster and the website is called warp cast it is a mobile app you have to sign up that way it's a whole process of things but you can kind of think of forecaster as the ecosystem that houses all of this and when you use foraster you can get the D gen token for free cuz people tip or take away that one's a joke that they they did not you can't do that you can only give tokens away and you know some people do get scammed when doing this because some of these things are just lowquality farms and we're going to get into all of that in this video but before we begin this is not an endorsement of the coin this is an endorsement of an airdrop because you can get it for free because I just want to provide you a lot of value for you participating on this platform and creating quality content so that is the goal of this video and before you get started on foraster I do have a referral link that will get you some warps you don't really have to use it um you might be able to sign up without one and if you are from one of the following countries you can sign up for free otherwise it is $5 per year now sometimes they do pause the free signups just because they're overloaded they've been growing super fast right now so if it doesn't work you might have to do a paid sign up so that's just what it is at the moment now what is the DJ token it is an erc20 token on base launched in January 20124 with an airdrop to the DJ Channel community on farcaster our goal is to distribute the the token among Builders content creators and users in the Bas and forecaster ecosystem we're building a community aimed at developing a better future for the internet now airdrop 1 already happened but they are currently in the process of airdrop 2 and people are earning points for participating so we're going to get into that and if we dig into the tokenomics there's going to be an airdrop three so there are a lot of opportunities for the next few months to get this D gen token for free and as you can see from the to economics most of it's for the community and the ecosystem and liquidity providing so that is very generous it's not necessarily going to the team or investors it is a fully Community run token all on top of forecaster well now the thing you're probably most interested in how do you earn the dgen airdrop in airdrop 2 users earn points on foraster by receiving tips from others you get a daily tip allowance visible on this page after connecting your wallet your allowance depends on your reaction to cast ratio to tip comment under the cast the amount dgen like 420 dgen if you exceed your daily limit extra tips won't count you can tip on multiple posts each day tips in specific channels get a boost control who receives D gen happy tipping zooming in here users earn points on forecaster by receiving tips from others so that's how you get points for for the foraster airdrop number two since users have a bunch of points to give away daily there's a lot of points around to give away if you create quality content that people enjoy so if you got memes interesting news reviews uh it's time to start posting on farcaster now to improve your daily allowance that depends on your reaction to cast ratio basically if you create quality content with a lot of reactions with people liking commenting recasting it your reaction to cast ratio is going to improve that's going to improve your rank that's going to give you a bigger daily allowance so you can give away more D gen daily and as you can see here I am not doing well on forecaster my rank is very low and reactions per cast almost zero it's closer to zero than it is uh other numbers and my daily allowance of dgen is 1,76 now this daily allowance is the amount I can tip other people free of charge they're giving me 1,76 D gen every day just to give to other people and this is for everybody participating in the airdrop like there's no cost to them this is tokens they're giving me for free daily to give away now this isn't a balance that's going to stay in my account it's not going to roll over to the next day so there isn't really any incentive for me to not tip anybody and that creates tipping culture within the forecaster ecosystem and for reference this is dj. tips that's the website I am going to leave a link to it in the description so you can access it so this is what it looks like if you are brand new if you just started up your forecaster account and then you connected to dgen tips you're not going to get a daily allowance you aren't in the system yet you have to get in the system and to do that one you have to connect your wallet to foraster so if we go to warp cast.com there is a desktop site but most people use the mobile oh like using the desktop so if we go to our profile we go to edit profile we go to Connected addresses we're going to want to connect a wallet there this is this is the first step to get started with the DJ airdrops you're going to need a connected wallet now after you've connected your wallet you want to post three original cast on forecaster so that's three posts you have to create three pieces of content that people can engage with so you're going to want to post that in different channels because if you don't post it in channel it's just going to be to your own profile no one's going to see it you need to post something to a public Channel which is kind of like Reddit there's all these different channels that are kind of like these groups and communities and you want to post there and get reactions a reaction is like a comment a recast or someone liking it because people have to engage with your cast for you to qualify so you're going to need three casts that people actually engage with to get on the board so that will help fulfill requirement two and after you fulfill requirements number one and two then you have to wait 24 hours for your account to be activated so this is what it looks like if your account hasn't been activated yet and when your account does get activated you should see your user profile name rank reaction per cast and daily allowance now your daily allowance does go up as your rank goes up and to get your rank up in far Broaster you have to create good content that people react to so the higher your rank the more of your daily allowance that gives you more Deen to give away to other people now that's essentially how you can qualify for the airdrop for free but there's another alternative if you want to participate in liquidity mining you can do that too where one point equals one djen and providing liquidity can be pretty lucrative if you aren't good at creating content which is kind of funny cuz you're watching this YouTube channel I am not good on social media so I decided to provide liquidity and that's getting me a lot more points than participating on social media now one point equals one D gen and at the moment uh that that's a lot that's a lot for providing liquidity cuz I didn't I really didn't provide that much and the coin has been going up providing liquidity is for more advanced defy users and we can walk through that we're going to want to go to the Unis swap V3 pool and we are going to have to add D and ethereum if you don't have DJ you're going to have to swap for it so if you're looking for it you go to Unis swap you go to tokens you filter by base and you're likely going to see it at the top here and then you can swap some of your ethereum or other coins for some DJ so this is a decentralized exchange we're going over this pretty quick but I'm kind of expecting you have some defi experience then we're going to go to the pool I already have a pool active some of my other pools went out of range because the token price pumped too much but the liquidity provider rewards are very high so I didn't really lose anything so I'm going to go for a new position here this is what it's going to look like for you we're going to select Deen the feat tier should be 0.30% because that's what everyone else is using which we'll update later and we want to set our price to full range because when the token price is unpredictable and we want to minimize our losses and just have liquidity being provided and gain those LP points full range has the most benefits so we are going to add liquidity I'm just going to add some eth and then some djen it's going to add a 50/50 pairing you hit preview and then add and then you should have liquidity in the uniswap V3 pool and then after 24 hours you should see your liquidity mining rewards on the dj. tips leaderboard bonus tips so if you stuck around this long I'm going to give you some bonus tips to earn some more dgen if you are a little more strategic so some channels have bonuses for posting there you're going to get a 50% boost in base Founders Dev design product front end farcon frames Zora and farcast her now if you're wondering when you can receive your djn you will receive your dgn once a month at the end of the month with the exact date to be determined starting in February so probably sometime at the end of February there's no need to worry about claiming it or paying gas fees they got you covered which means they're just going to send it to your connected wallet does giving tips reduce my balance of dgen no giving tips does not reduce your DJ balance you receive a daily tip allowance on forecaster just reply under someone's cast with a comment like 333 dgen the unused allowance does not carry over to the next day and some important things to remember before you start ex trying to exploit everything tips are in beta points may be reduced for exploiting loopholes so you know maybe tipping back and forth between someone you know or between a group of people you're not using the tips as intended if they catch you for that you're going to be disqualified from the airdrop any cast c caught farming points will result in disqualification so you don't want to abuse the system you want to try and use it naturally if you are caught farming no aird drop for you and it's it's a pretty good airdrop so that's how you participate in farcaster to get the DJ token with no investment you just join the platform you create good content that people actually react to now most of the posts right now are just flooded with um frames and nfts and just uh engagement farming and it's just stolen content all over the place I'd be very careful about trying to do the same thing so you don't get disqualified now as for my thoughts on D genen I like it I've been participating in this I really should have made this video earlier but I've just been really involved in what's going on there I've been participating in communities nfts and all the things on the side but that's because there's a lot of enthusiasm behind it the forecaster ecosystem has been growing very quickly over the past month more users are joining it daily and a lot of people are getting involved with djen so there are a lot of positive Tailwinds to move this forward but I wouldn't really invest any serious money in djen because it comes at a high risk the utility for djen at the moment is mostly for tipping uh it could be for user rewards it could be F minting but we haven't seen any like real demand for it or any type of burning system we're going to see a lot of D gen being given away if there isn't enough demand for it then the price could go down very very quickly so that's just my biggest concern about investing into DJ but if you can get the coin for free and join this active community and build up a presence there when it's still very early I think it's the best time to do this so this can be a pretty big opportunity if you've been thinking of getting into crypto and social media and you want to get rewarded for it so if this video was helpful you know what to do and with that I hope you got your full value for today

Channel: Full Value Dan

Views: 22,403

Keywords: cryptocurrency, blockchain, how to invest in crypto, crypto airdrop, farcaster airdrop, crypto airdrops, free airdrop, free crypto airdrop, farcaster airdrop guide

Id: A4CTntcHNyw

Length: 13min 10sec (790 seconds)

Published: Sun Feb 04 2024