The post De Labs, Parent of DeGods & y00ts NFTs launch $DEGOD crypto appeared on BitcoinEthereumNews.com.

De Labs, the parent company of the popular DeGods and y00ts NFT collections, has launched a new crypto token, ‘DEGOD’. Powered by Solana, $DEGOD will add all digital items within the Dust Labs NFT ecosystem into a single purposeful crypto coin. It has a limited supply of 10 billion. The new $DEGOD can be converted for anyone holding $Dust, DeGods and y00ts NFT collections. Interestingly, $DeGods has been distributed organically for the last 3 years without anyone knowing it. Between DeGods, y00ts, and $dust, there are 41,241 unique holders on 4 different chains, with the top 10 holding only 9.3% of $DeGods. During the launch, the DeGods team sold 3% of the token on a discounted bonding curve to seed liquidity. It is said that after the bonding curve fills, the Liquidity Provider will be seeded on Raydium, and $DEGOD will be tradable. Surprisingly, all the allocated 3% sold out in minutes shortly after the launch. As for its tokenomics, 85% of the tokens is issued to NFT holders, 10% belongs to the foundation, 3% will be used for Bonding Curve, 1% will be used for initial liquidity, and 1% will belong to the partner Solana network NFT market Sniper. Whenever there is a new launch with liquidity, it gets sniped. I always hate when this happens because it makes the chart look bad. In the $DEGOD situation, ~1% of the supply was paired at 66M. It got sniped & the sniper is out. The $DEGOD wick is $330M. Time to fill it. pic.twitter.com/wexKkzYW7v — Frank (degod mode) (@frankdegods) September 15, 2024 NFT holders can convert their NFTs into the $DeGods token at 1 DeGod for 550,000 $Degods, 1 y00t for 120,000 $Degods, and 1 $Dust for 36 $Degods. DeGods are now available for purchase on @MEXC_Official. pic.twitter.com/gyrF7uUD0y — DeGods…

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Filed under: News - @ September 16, 2024 7:26 am