The project developers forecast daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a simplified user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based commerce and creation.
Luxembourg, Luxembourg, November 21, 2024, Chainwire
DegenLayera recently launched memecoin-focused suite of trading terminal and blockchain applications, has announced its testnet release, marking a key step towards its upcoming mainnet launch. The platform aims to facilitate zero-setup trading and creation of memecoins, leveraging the $20 billion in liquidity within the Optimism Superchain ecosystem.
The project’s native token, $DELAY, launched on Uniswap last week and is expected to be listed next week on one of the top 15 exchanges ranked by CoinGecko, providing access to the token to their community of over 10 million users.
The project is led by a team of more than 60 people responsible for notable successes, notably PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams) and AAA games like The Witcher 3 and Dying Light 2. The founding team has already achieved remarkable success with SuperBid, growing the token’s value from $0.01 to $12 in 2021.
“Our proven experience in Web3 and gaming demonstrates our ability to deliver compelling user experiences,” said Jacob Rylko, co-founder and CEO. “With DegenLayer, we are leveraging our current reach of over 3 million users through our Telegram mini-app, Firecoin, to accelerate adoption.”
Main features and projections:
- Innovative “pump technology” with 50% of revenue allocated to viral user rewards, $DELAY and memecoin redemptions
- Viral referral program with daily reward distributions of $100,000
- Seamless integration with Telegram’s 1B+ user base via mini app
- One-click memecoin creation and trading interface for non-crypto users
- Transaction fees less than $0.01 with 2000 TPS capacity
The launch of DegenLayer represents an important step in making memecoin trading accessible to mainstream users while leveraging the established Optimism infrastructure, the same used by Coinbase’s BASE 2 layer.
About DegenLayer
DegenLayer is an Ethereum Layer 2 trading terminal and blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed trading and a zero-config interface for trading and creating memecoins. Backed by a team with expertise in Web3, gaming and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.
For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to (email protected).
Contact
CEO
Jacob Rylko
DegenLayer
(email protected)