What is Degen AI?

What Is DegenAI?

DegenAI refers to a category of cryptocurrency tokens centered around artificial intelligence (AI). These tokens are typically used as a means of payment for training and inference of AI models, or as incentives for data providers and community contributors. DegenAI tokens are issued and circulate on public blockchains—open, permissionless networks where anyone can access, trade, and validate transactions. Token operations are governed by smart contracts, which are automated, on-chain programs that enforce rules for recording balances, transfers, and governance votes.

In specific projects, DegenAI tokens may also carry governance functions, allowing holders to vote on parameters, fund allocation, or product roadmaps. These tokens often work alongside reward mechanisms to distribute incentives to data labelers, developers, or content creators.

What Are the Current Price, Market Cap, and Circulating Supply of DegenAI (DEGENAI)?

As of 2026-01-20, listings for DegenAI tokens on public aggregation platforms are inconsistent. Accurate price, market capitalization, and circulating supply figures should be referenced using the official contract address and on-chain data. Market cap is calculated by multiplying the token price by its circulating supply; circulating supply reflects the number of tokens currently available for trading and is influenced by initial issuance, vesting, and release schedules. If DegenAI is not consistently listed across mainstream data sources, it’s best to cross-verify with live on-chain metrics and official project announcements.

Verification steps:

• First, confirm the contract address: Find the unique contract address via the project’s official website or social media to avoid confusion with similarly named tokens.
• Next, check on-chain supply: Use a block explorer to review total supply, wallet distribution, and locked/treasury addresses. A block explorer is a tool for viewing blockchain transactions and contract data.
• Understand price sources: If the token mainly trades on decentralized exchanges (where prices are set by liquidity pools—mechanisms where users deposit two assets into a smart contract for swaps), price fluctuations depend on pool depth.
• Assess market cap and supply: Calculate circulating supply based on unlocked and transferable tokens visible on-chain; estimate market cap using recent trade prices.

In summary, early-stage AI-themed tokens like DegenAI often exhibit significant price volatility and fluctuating circulation due to release schedules. Always rely on the official contract and on-chain data before investing, and evaluate slippage and liquidity risks carefully.

Who Created DegenAI (DEGENAI) and When?

Many projects named DegenAI are launched by independent developers or communities in recent years (approximately 2023–2025), often deployed on Ethereum or compatible blockchains. The definitive creator and launch date should be verified via the official website, whitepaper, code repository, or blockchain creation transaction. If a project does not disclose team background, code audits, or multisig arrangements, transparency is low and risk is higher.

Key trustworthiness indicators include: public availability of contract source code, completion of third-party audits, use of multisig (a security mechanism requiring multiple private keys to authorize critical actions), and disclosure of tokenomics and release schedules.

How Does DegenAI (DEGENAI) Work?

Most DegenAI tokens adhere to mainstream token standards such as ERC-20, using smart contracts to record balances and facilitate transfers. Core operational features usually include:

• Issuance & Supply: Defining total supply, initial allocations, and “vesting” strategies (locking tokens so they cannot be transferred temporarily).
• Trading & Pricing: Price discovery occurs either on-chain or via centralized platforms; decentralized pricing is maintained through liquidity pools and arbitrage.
• Incentives & Governance: Tokens are distributed via task rewards, airdrops, or contribution points; governance voting enables fee adjustments, parameter changes, or fund reallocation.
• AI Service Integration: Tokens may serve as access passes for model inference or to reach specific data endpoints.

What Can DegenAI (DEGENAI) Be Used For?

In terms of application scenarios, DegenAI tokens are commonly used for:

• Paying for model inference: Users pay with tokens for generating text, images, or audio.
• Incentivizing data and development: Rewards for data labelers, compute contributors, or plugin developers.
• Community governance & access: Token holders participate in proposal voting and unlock premium features or content subscriptions.
• Supporting creator economies: Used as tips or bounties to incentivize content and tool development.

Actual utility depends on whether the project provides functional APIs, bots, or front-end portals—and whether there is verifiable usage data.

What Wallets and Extension Tools Exist in the DegenAI (DEGENAI) Ecosystem?

For usage and storage:

• Browser extension wallets: Popular Ethereum-compatible wallets connect to DApps for signing transactions and managing tokens; setup generates a “mnemonic phrase,” a backup for your private key that should be stored securely offline.
• Hardware wallets: Store private keys in a physical device for enhanced security—ideal for long-term holding.
• Block explorers & analytics tools: Used to query contracts, monitor wallet distribution, and track transaction records—helpful for identifying abnormal permissions or large transfers.
• Price alerts & bots: Monitor on-chain prices and events to assist with risk management.

When selecting tools, prioritize compatibility with your target blockchain and robust security measures. Never input your mnemonic phrase on untrusted websites.

What Are the Main Risks and Regulatory Considerations for DegenAI (DEGENAI)?

Key risks include:

• Contract & permission risks: If admin privileges remain in contracts, parameters or minting can be altered; verify the use of multisig and timelocks.
• Liquidity & trading risks: Shallow liquidity pools lead to high slippage and price manipulation risk; “rug pulls” (liquidity removal) are possible.
• Information asymmetry: Confusion from similarly named tokens or fake contract addresses—always cross-check via official channels.
• Technical & audit gaps: Unaudited or forked code may contain vulnerabilities resulting in asset loss.
• Regulation & taxation: Jurisdictions differ on reporting crypto trades and income; always comply with local laws and tax requirements.

Before allocating funds, set stop-loss limits and position caps; avoid high leverage or chasing short-term volatility.

How Can I Buy and Safely Store DegenAI (DEGENAI) on Gate?

Step 1: Register and complete KYC. Log in to your Gate account and finish identity verification (KYC—Know Your Customer—is required for compliance and account security).

Step 2: Deposit or buy USDT. On the Funds page, deposit fiat or crypto assets—or purchase USDT directly as your trading medium.

Step 3: Search for the token. Go to the spot trading section and search for “DegenAI/USDT.” If you find an official trading pair displayed, enter the trading page to verify the project details and contract information.

Step 4: Place your order. Choose between limit orders (set your own price for more control) or market orders (execute immediately at current price—faster but may incur slippage).

Step 5: Withdraw for self-custody. After purchase, consider withdrawing tokens to a self-custody wallet. Self-custody means you control the private key; store your mnemonic phrase offline to prevent leaks.

Step 6: If not yet listed on Gate. Monitor Gate’s listing announcements and project pages. For on-chain purchases, use only the official contract address, select the correct network, and assess gas fees/slippage. If deposits aren’t supported on Gate yet, hold only in your self-custody wallet—carefully manage token approval permissions (revoke unnecessary authorizations).

Security tips: Verify contract addresses; check admin rights and audit reports; enable two-factor authentication for accounts/wallets; use a hardware wallet when needed.

How Does DegenAI (DEGENAI) Differ from FetchAI?

Positioning & objectives: FetchAI (FET token) is an infrastructure project building AI networks and autonomous agents—focused at the network/tooling layer. DegenAI is more community-driven as an AI application/incentive token geared toward specific interactions and rewards.

Technology & maturity: FetchAI has a more established tech stack with ongoing R&D cycles. DegenAI projects vary significantly in technical depth and delivery progress depending on the team; transparency varies widely.

Token utility: FET is used for network resources, governance, and service calls; DegenAI is mostly used for model inference payments, data/content incentives, and community governance—subject to each project’s design.

Risk profile: Infrastructure projects like FetchAI generally offer greater disclosure and ecosystem stability; community-driven AI tokens require caution regarding naming confusion and permission risks. For both types of projects, rely on official contracts and information.

Summary of DegenAI (DEGENAI)

As an AI-themed token, DegenAI’s core purpose is to connect model services with community contributions through crypto-based incentives and payment mechanisms. For market data such as price, market cap, and circulating supply, always verify against contract addresses and on-chain data—pay close attention to release schedules and permission structures. Real-world value depends on actual utility adoption within its tool ecosystem; exchange listings affect buying paths and liquidity. Operationally, follow Gate’s process for KYC onboarding, USDT trading pairs, appropriate order types, and self-custody of private keys; if not listed yet, rely on official/on-chain info to avoid confusion with similarly named tokens. Given uncertainties around audits, liquidity depth, and regulation, start with small amounts, set risk limits, monitor project delivery closely, and track transparency to improve decision quality.

FAQ

What does "Degen" mean in crypto?

"Degen" is short for "Degenerate" in crypto circles—it refers to investors who pursue high-risk, high-reward trades. These participants typically tolerate extreme volatility in search of quick profits by betting on low-cap tokens or using high leverage. Understanding this term helps gauge risk appetite among market players but beware of following hype that can lead to losses.

Why is FOMO so common in crypto trading?

FOMO—short for "Fear Of Missing Out"—is especially prevalent in crypto because of rapid price swings and fast information spread. When a coin surges in value, investors rush to buy out of fear they’ll miss gains—often resulting in buying at inflated prices. Recognizing your own FOMO is key to avoiding impulsive trades; set an investment plan in advance and stick to it with discipline.

What are the main use cases for Degen AI tokens?

Within their ecosystems, Degen AI tokens are typically used for governance voting, incentivizing participation, and paying transaction fees. Holders can participate in platform decisions via voting rights, receive ecosystem revenue distributions, or trade tokens on exchanges like Gate. Specific use cases depend on each project’s roadmap; check official documentation for up-to-date tokenomics.

What risks should I watch out for when investing in Degen AI projects?

Degen AI projects face primary risks such as technological feasibility challenges, competitive pressures in the AI sector, and regulatory uncertainty. The field is highly competitive—and whether projects can deliver their whitepaper promises remains uncertain; crypto assets are inherently volatile with potential legal risks. Do thorough research before investing; only commit funds you can afford to lose—avoid excessive leverage.

How can beginners safely buy and store Degen AI tokens?

You can purchase Degen AI tokens from major exchanges like Gate—first complete identity verification for account security. Afterwards you may choose to store them on the exchange or transfer to a self-custody wallet (e.g., hardware wallet) for extra protection. If self-custodying your assets, keep your private keys and mnemonic phrases securely offline; never share them with anyone—as loss means irrecoverable funds.

Key Terms Related to Degen AI (DEGEN)

• AI Agent: An autonomous program powered by artificial intelligence that can execute blockchain transactions or make decisions automatically.
• Smart Contract: Code deployed on a blockchain that automatically executes transactions without intermediaries.
• Tokenomics: The design of a token’s issuance schedule, distribution strategy, and incentive mechanisms driving ecosystem growth.
• On-chain transaction: Any transaction conducted directly on a blockchain ledger—transparent and immutable by nature.
• Wallet address: A user’s unique identifier on the blockchain used for sending or receiving tokens.

Degen AI (Unknown) Further Reading & Resources

• Official Website / Whitepaper:

• Development / Documentation:

• Authoritative Media / Research: