What is Degen coin flip (DCF)?

Degen Coin Flip (DCF) is a Solana blockchain smart contract that allows holders to play the “Double or Nothing” gamble, which involves doubling one’s winnings or wiping out a growing debt. And instead of fiat money, what players have to bet are their Solana tokens (SOL).

What is play double or nothing Degen coin flip?

Play Double or Nothing Degen Coin Flip is a project hailing from Solana that aims to be a force for fairness and transparency in the crypto gambling world. Warning: some say it is quite addictive. Crypto investing has been, on more than one occasion, compared with casino gambling due to the speculative nature of these assets.

What does Degen mean in crypto?

In crypto, “degen” is short for degenerate. It describes someone who chases after seemingly promising opportunities without conducting sufficient prior research. Being a degen can certainly be a bad thing, although it’s commonly used by crypto traders (who do in fact do their research) to jokingly refer to themselves. What Is a Degen in Crypto?

What does a 'Degen' actually look like?

In the world of DeFi, a “degen” doesn’t necessarily look so depraved. They are simply someone who acts on zero or poor information – or, more commonly, someone who has embraced self-effacing humor while referring to themselves. You don’t want to be an actual degen, of course. So what does a degen actually do?