Degen - What does degen mean? (2024)

FAQs

What's a degen slang for? ›

'Degen' is a slang term derived from the word 'degenerate', often used in the cryptocurrency space to refer to individuals who engage in high-risk and speculative trading.

The origin of the term “degen” can be linked to sports betting, where it was used as a shortened form of “degenerate”. Typically used as a derogatory term, it refers to bettors who place large sums of money without the necessary knowledge or expertise to support their bets.

Key Takeaway: 'Degen' is a web3 slang derived from the english word 'degenerate', it is used in the crypto space to refer to traders who engage in highly speculative and risky trading.

In the world of cryptocurrency, the term 'degen' is short for 'degenerate gambler' and refers to people who engage in high-risk, speculative trading. These traders are characterized by their willingness to invest in projects with unproven or dubious prospects, often driven by hype or the allure of quick profits.

adjective. If you describe a person or their behavior as degenerate, you disapprove of them because you think they have low standards of behavior or morality. [disapproval] ...a group of degenerate computer hackers. Synonyms: depraved, base, corrupt, fallen More Synonyms of degenerate.

Similar to tokens like Blur (BLUR) and Uniswap (UNI), DEGEN tokens are earned through community interaction, such as receiving likes, comments, or holding specific NFTs. In this ecosystem, one point equals one DEGEN token, distributed via airdrops to incentivize active participation.

The character trait degenerate refers to a person who has declined from a higher to a lower level of moral or ethical standards. A degenerate character may exhibit behaviors that are immoral, corrupt, or unethical.

to become worse: Standards of courtesy have degenerated since I was a girl. bad or worse in quality or character, or (of a person) morally bad: He was a lazy, degenerate young man.

German and Swiss German: status name from Middle High German degen 'boy, warrior, hero'. This surname is also found in Slovenia. German and Dutch: from a short form of ancient Germanic personal names like Degenhard, Degenhold, and others, with generally the same meaning as in 1 above.

The Degen Trading Mode offers traders high-leverage perpetual trading. During periods of high volatility, traders can maximize their gains with high leverage and extremely low fees.

What does degen play mean? ›

“Degen play” refers to high-risk, speculative trading strategies often used in the cryptocurrency world. These plays are usually made by “degenerates” (or “degens”), a term used within the crypto community to describe traders who take big risks hoping for high rewards.

A DeFi Degen, or decentralized finance degenerate, is a trader interested in risky, niche, unaudited crypto projects. DeFi Degens often focus their investment on meme tokens and joke projects, and the term is often associated with pump and dump price schemes.

degen m (plural degens, diminutive degentje n ) (archaic) hero, warrior, soldier.

DEGEN chain is the brainchild of Jacek Trociński. After leaving his job as a data engineer and architect at Hedgehog Technologies in November last year, Trociński began thinking of ways to build his own business.

Weaponry. Swiss degen, a type of short sword of the late medieval and Renaissance period. the German term for a dress sword. Degen (SS), a type of straight saber used by the German SS. the German term for the épée in modern sport fencing.

This as an interesting question. ' Word' in slang is a word one would use to indicate acknowledgement, approval, recognition or affirmation, of something somebody else just said.

The terms degen or degenerate are used to label anyone guilty of bad behavior, on various occasions. Katy is the first to use the term, of various individuals coming to the farm to challenge Wayne's title as Toughest Guy in Letterkenny (Super Soft Birthday): Look, keep it at the end of the laneway.

“Degen play” refers to high-risk, speculative trading strategies often used in the cryptocurrency world. These plays are usually made by “degenerates” (or “degens”), a term used within the crypto community to describe traders who take big risks hoping for high rewards.

G is slang for 'gangsta' and is used on social media to mean friend or associate, so it is possible that you are in the friend zone, but don't get discouraged too quickly.