Degen (DEGEN)
Unlock Schedule
Degen (DEGEN) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution approach
Public filings from a major U.K. exchange provide a detailed overview of DEGEN’s distribution at launch, with a total supply near 37 billion tokens divided across community programs and ecosystem needs. The published breakdown included multiple community airdrops, liquidity mining, liquidity pools, and a portion for team, investors, and ecosystem development. This structure aimed to seed wide user ownership while reserving enough tokens to grow apps and on‑chain activity over time. (assets-cms.kraken.com)
At a high level, the token’s economic model ties demand to real actions:
- Social rewards: Creators earn DEGEN when tipped for quality posts and community help.
- Gas on Degen Chain: Every transaction on the L3 consumes a small amount of DEGEN, anchoring utility to network usage.
- Ecosystem incentives: Liquidity mining and app grants have been used to attract builders and users to try new things on the chain. (assets-cms.kraken.com)
What DEGEN is used for
- Gas on Degen Chain: Pay transaction fees for swaps, mints, in‑app moves, and games. (thirdweb.com)
- Social tipping: Reward creators on Farcaster with quick, in‑thread tips. (learn.bybitglobal.com)
- Micro‑payments: Low fees make DEGEN practical for small payments in social and game contexts.
- Programmatic incentives: Community programs and hackathons have offered DEGEN to bootstrap new apps, content, or features. (syndicate.io)
Assumptions
DEGEN’s 36.97 billion initial tokens were minted in January 2024 and assigned to community airdrops, liquidity mining, liquidity pools, and a team-and-ecosystem budget. The initial airdrop opened for claims and launch liquidity was added, but most later claim amounts, grants and vesting payments lack a complete dated schedule. The chart can show the documented genesis mint and the month-level launch releases; percentage-derived amounts and their timing are labeled as estimates. The contract permits owner-controlled minting from 2028, but does not establish that those future tokens will actually be issued.
- Airdrop 2 — tipping seasons, 20% of initial supply: The sources give the amount but no release dates.
- Airdrop 2 — tipping seasons, 20% of initial supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Airdrop 3 — planned 25% of initial supply: The sources give the amount but no release dates.
- Degen liquidity mining — 10% of initial supply: The sources give the amount but no release dates.
- Degen liquidity mining — 10% of initial supply: Releases depend on recipients claiming tokens or on grants being awarded.
- Team, investors and ecosystem — 15% of initial supply: The sources give the amount but no release dates.
- 1confirmation vesting — approximately 5% of initial supply: The sources give the amount but no release dates.
- Jacek vesting — approximately 5% of initial supply: The sources give the amount but no release dates.
- Team vesting — approximately 1.5% of initial supply: The sources give the amount but no release dates.
- Farcaster Angels vesting — approximately 0.56% of initial supply: The sources give the amount but no release dates.
- J (EthXY) vesting — approximately 0.15% of initial supply: The sources give the amount but no release dates.
- Drakula grant and creator fund: Releases depend on recipients claiming tokens or on grants being awarded.
- Perl grant — approximately 0.04% of initial supply: The sources give the amount but no release dates.
- Logo bounty — approximately 0.02% of initial supply: The sources give the amount but no release dates.
- Frames bounty — approximately 0.01% of initial supply: The sources give the amount but no release dates.
- Potential owner-controlled inflation from 2028: Releases depend on future governance or treasury decisions.
- 1. https://basescan.org/tx/0xcea27f1618e28ecc59b2faed86cdec29a92218261fe9efe374a39201e93545c5
- 2. https://assets-cms.kraken.com/files/51n36hrp/facade/919db069e5f3e24ee6ca751c59f34cae01c37ca3.pdf
- 3. https://www.degen.tips/
- 4. https://farcaster.xyz/jacek/0xa4b9f644
- 5. https://resources.cryptocompare.com/asset-management/13711/1712913273913.pdf
- 6. https://www.degen.tips/api
- 7. https://assets-cms.kraken.com/files/51n36hrp/facade/632c3604fd5f0edaa4faa49247f8376eee609a97.pdf
- 8. https://repo.sourcify.dev/8453/0x4ed4E862860beD51a9570b96d89aF5E1B0Efefed
- 9. https://warpcast.com/alexmasmej.eth/0xce334786
- 10. https://warpcast.com/10kdotworld.eth/0xc751468e288d2cb4b25c34a99fbf14197050ff95
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.