Original title: Curate Farcaster content onchain

Original translation: Ismay, BlockBeats

Editor's note: At present, the core problem of the creator economy is that it puts creators at the center of the universe, but many platforms are full of spam and low-quality posts, making it difficult for real content creators to be noticed and rewarded, while users often find it difficult to find valuable content in the noise, leading to fragmented experience and frustration.

Creators need curators just as much as they need audiences. In a truly effective creator economy, this means rewarding not only creators, but also readers and curators. Degencast is a more fair and vibrant creative scene that allows value to flow to everyone and creates a truly meaningful digital platform.

TLDR

Degencast enables on-chain content curation on Farcaster. Users propose and curate content by staking $DEGEN tokens, which are minted on bonding curve and traded on Uniswap.

Quality content is rewarded, spam is eliminated, and real interactions thrive. This is the ultimate platform for engaging decentralized content curation.

"Curate with integrity and resonate with positive vibes." - DegenCast

The Problem

In the current digital age, discovering high-quality content, maintaining fair moderation, and providing appropriate incentives are significant challenges. Many platforms are rife with spam and low-quality posts, making it difficult for real content creators to be noticed and rewarded. Users often struggle to find valuable content amid the noise, leading to a fragmented and frustrating experience. Clearly, a system is needed that not only effectively curates content, but also incentivizes meaningful interaction and contribution.

What is Degencast?

Degencast is a groundbreaking platform that integrates on-chain content curation with the memecoin launchpad, perfectly combined in the Farcaster social network. Our goal is to solve the core problems of content curation, moderation, and incentives through a decentralized, community-driven approach. By combining blockchain technology with social interaction, Degencast is committed to creating a vibrant and rewarding ecosystem for content creators and users.

How Degencast works

Degencast operates through an on-chain content DAO, responsible for content curation and moderation. Each channel on Degencast can issue its own unique token, which combines the characteristics of ERC1155 and ERC20. Users can stake $DEGEN tokens to submit proposals for new content, which will go through a community voting process. If the proposal is approved, the content will be minted as part of the channel collection with a unique token ID.

Approved content can be mined on the bonding curve, ensuring fair pricing and value. Once liquidity reaches a certain threshold, channel curation tokens (also available as ERC20 tokens) will be issued on UniswapV3. This process incentivizes users to publish high-quality content, as only the best quality content will be accepted and rewarded.

In addition, Degencast makes tipping, minting, and trading simple within the app, ensuring a seamless and coherent user experience. Users are notified when their friends mint or trade NFTs and tokens, fostering a dynamic and engaging community.

Why Building Degencast

We believe that on-chain assets are inherently social, and a platform that combines social interactions with digital asset management can transform content creation and interaction. Degencast aims to solve the challenges of content curation, review, and incentives by leveraging blockchain technology and community-driven governance. Our platform seeks to create a space that values and rewards quality content, enabling seamless transactions and interactions.

In Degencast, users can operate in a single user-friendly interface. By building Degencast, we hope to foster a vibrant ecosystem where meaningful interactions and high-quality content thrive.

Call to Action: Join Our Community

We invite you to join the Degencast community and become part of the on-chain content curation revolution. Whether you are a content creator, curator, or enthusiast, there is a place for you in our dynamic ecosystem. Let us work together to create a platform where high-quality content thrives and real interactions are rewarded.

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