FAQ
The short, plain answers. If one raises another question, the full detail is one link away in the whitepaper.
What is Degens?
A crypto casino and sportsbook where the players own a share of the house, instead of an operator keeping all the profit.
How does it work?
You buy a Genesis Anon, which funds the casino and makes you one of its owners. Everyone plays the casino and sportsbook as normal, and 97% of what the casino makes is put towards buying $DGN (the coin) off the market and burning it. Fewer coins, same business, so every owner's share is worth more over time. That is the whole loop: the players own the house and earn as it grows.
What is an NFT?
A digital item you own, recorded on the blockchain so your ownership is public and nobody can fake or copy it. A Genesis Anon is an NFT.
What is a Genesis Anon, and what do I get?
One of 11,111 NFTs, and holding one makes you an owner. It comes with a fixed amount of $DGN, a seat in the Owners Club, first access to the platform, and a share of what the casino makes.
What is the Owners Club?
The holders-only side of Degens, and your Anon is the only way in. It is a seat at the table: the owners are who the team takes its steer from on what gets built next. Benefits are paid in $DGN, including a future airdrop to the wallets holding an Anon.
What is $DGN, and how is it different from my Anon?
Your Anon is the thing you own. $DGN is the token, think of it as the coin, that comes attached to it. The Anon is the key, $DGN is what it pays you. Every Anon holds a fixed amount.
Do I need a crypto wallet?
To reserve your spot now, no, just an email, and it is free. To mint later you will need a crypto wallet holding some ETH (the currency the mint is priced in). Connecting one takes a minute and we guide you through it.
Do I have to pay now?
No. Right now you reserve your spot for free and join the waitlist. You only pay when the mint opens, and it is not open yet.
How is the mint price set?
It goes up in waves, so the earlier you get in, the less you pay for the same Anon. What an Anon claims is set by its rarity, not by when you mint, so earlier buyers do not get more tokens, they get the same claim for a lower price. It starts at 0.09 ETH and rises to 0.22 ETH.
I have reserved a spot, what happens next?
You are on the waitlist, ahead of the public mint. When Wave 1 opens you will be able to mint your Anon, and we will tell you the moment it does. You only pay when you mint.
When does the mint open?
There is a live countdown to Wave 1 on the mint page. When it hits zero, minting opens and reserved spots go first.
Why would $DGN actually be worth anything?
Because of the buyback. 97% of everything the casino makes is put towards buying $DGN off the market and burning it. The casino keeps earning the same, but there are fewer and fewer coins left, so each one you hold is a bigger slice of the same business.
Do I have to gamble to make money from this?
No. The buyback lifts every $DGN holder whether you place a bet or not, because it comes out of the casino's revenue as a whole, not your own play. Playing just adds rakeback and VIP rewards on top.
How many $DGN will there ever be?
One trillion, full stop. That is a hard cap, and the burning only ever pushes it down from there, never up.
Does rarity change my odds or my rewards?
No. A rarer Anon just claims more $DGN. Your odds, your rakeback and your VIP standing are the same no matter which one you hold.
What do I earn as a player?
Five things that make up the VIP program: rakeback, VIP rewards, staking, referrals and the NFT claim. Rakeback and VIP come from how much you play; the rest are paid from their own token allocations.
Where does the money to pay players come from?
The house funds its own bankroll, set aside first before any profit is counted. So paying players can never be shortchanged to fund the buyback.
Can I sell my Anon later?
Yes. An Anon is a normal NFT, so you can sell or transfer it any time on the marketplaces you already use, at whatever price the market sets. Whoever holds it gets the Owners Club seat and the $DGN that comes with it.
Who holds what, and when does it unlock?
Anything the team and project hold is locked and released slowly over one to four years. Anything the community gets is yours to use right away at launch.
How do I know this is legit and not just claims?
You do not have to trust us. At the Token Generation Event, three public wallet addresses and a weekly report go live, with a performance dashboard following shortly after. Every number from revenue to the burn is on-chain, so you can check it yourself.
Does marketing come out of the buyback?
No. Marketing is paid from its own token allocation. The one exception is the odd one-off campaign paid from the buyback, and when that happens we show it as its own line on the dashboard.
Where are the exact numbers?
Every one of them is in a single table in the whitepaper. Anything we have not locked in yet is clearly marked as not final.
Everything above in full, with the arithmetic and the parameters table: read the whitepaper.
