2024

Solana

Azuki

<p>De Labs, a digital asset incubation studio and the parent company of the popular DeGods and y00ts non-fungible token collections, has launched a new crypto coin. The DeGods NFT creator anticipates simplifying its collection of digital assets into a single meaningful crypto coin. In this article, we shall explore this newly launched crypto coin in more detail.</p>
<h2 id="de-labs-launches-a-new-memecoin">De Labs Launches A New Memecoin</h2>
<p>In a September 15 blog post, Frank DeGods, the co-founder of the highly acclaimed DeGods, y00ts, and Dust Labs projects, confirmed launching a new crypto token duped $DEGODS. The newly launched memecoin is anticipated to fuse all digital items within the Dust Labs NFT ecosystem into a single purposeful crypto coin. $DeGods will be powered by the Solana blockchain network.</p>
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 <p lang="en" dir="ltr">Whenever there is a new launch with liquidity, it gets sniped. I always hate when this happens because it makes the chart look bad.</p>
 <p>In the <a href="https://twitter.com/search?q=%24DEGOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DEGOD</a> situation, ~1% of the supply was paired at 66M. It got sniped &amp; the sniper is out.</p>
 <p>The <a href="https://twitter.com/search?q=%24DEGOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DEGOD</a> wick is $330M. Time to fill it. <a href="https://t.co/wexKkzYW7v" rel="noopener noreferrer nofollow">pic.twitter.com/wexKkzYW7v</a></p>
 <p>— Frank (degod mode) (@frankdegods) <a href="https://twitter.com/frankdegods/status/1835452073783226786?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 15, 2024</a></p>
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<p>Founded in 2021, De Labs (formerly known as Dust Labs) is a digital asset firm focused on building software that helps non-fungible token communities and brings more value to their holders. De Labs is home to DeGods, a non-fungible token collection featuring a limited supply of 10,000 NFTs hosted in portions in Solana, Ethereum and Polygon blockchain network and Y00t, a non-fungible token collection featuring a limited edition of 15,000 Polygon-based NFTs.</p>
<p>Fast forward to 2024, the De Labs NFT ecosystem has gained massive traction, becoming a global community of creators, developers, entrepreneurs, athletes, artists, experimenters and innovators. DeGods and its sister collection Y00ts have rapidly grown to become one of the top-selling NFT collections in the NFT market, rivaling giants NFT collections like the Bored Ape Yacht Club, Mutant Ape Yacht Club and Pudgy Penguins, CryptoPunks, Azuki, and more.</p>
<h2 id="what-are-degods-and-how-to-claim-them">What Are $DeGods And How To Claim Them?</h2>
<p>$DeGods is a new crypto token created on the Solana blockchain network, with a limited supply of 10 billion. The new tokens are available for conversion to all investors holding $Dust, DeGods and y00ts NFT collections. The distribution of $DeGods has been happening organically for the past 3 years without anyone realizing 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.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Bruh didnt u guys pay for the sniper?🫠 <a href="https://t.co/Yc0z3Lk6g6" rel="noopener noreferrer nofollow">pic.twitter.com/Yc0z3Lk6g6</a></p>
 <p>— Wazz (@WazzCrypto) <a href="https://twitter.com/WazzCrypto/status/1835459287377727631?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 15, 2024</a></p>
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<p>During the launch, the DeGods team sold 3% of $degod on a discounted bonding curve to seed liquidity. Once the bonding curve fills, the LP will be seeded on Raydium, and $degod will be tradable. Surprisingly, all the allocated 3% sold out in minutes shortly after the launch. NFT holders will 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.</p>
<p>In the meantime, the new $DeGods is live on various crypto exchange platforms. Unfortunately, the crypto coin briefly surged to $330M on the lunching, sold off and is now settling in around a $70M market cap. The token has already left several traders with massive losses. An anonymous trader bought 900,000$ of DeGod’s new $Degods crypto coin at launching and sold too late for almost 300,000$ in loss after the token hit two times.</p>
<p>The crypto project has not gone far without negative sentiments, with some traders criticizing the team for converting NFT collections into new memecoins. One trader on X argues that moving DeGods to the 404 meta and getting Y00ts and $Dust burnt entirely was a bad move. Moreover, the project has also attracted some scammers, with a scammer developer just rug-pulling a fake $Degod coin and making over $150,000 within minutes.</p>
<h3 id="related-nft-news">Related NFT News:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/nft-sales-soar-3-this-week-as-nft-buyers-and-sellers-surge-by-over-450" rel="noopener noreferrer nofollow">NFT Sales Soar 3% This Week, As NFT Buyers And Sellers Surge By Over 450%</a></li>
 <li><a href="https://insidebitcoins.com/news/the-azuki-nft-creator-introduces-anime-com-nft-domain-a-new-way-to-anime" rel="noopener noreferrer nofollow">The Azuki NFT Creator Introduces An NFT Domain Anime.com – A New Way To Anime</a></li>
 <li><a href="https://insidebitcoins.com/news/cryptopunks-nft-recently-worth-1-5m-sells-for-just-23k-heres-what-happened" rel="noopener noreferrer nofollow">CryptoPunks NFT Recently Worth +$1.5M Sells For Just $23K – Here’s What Happened</a></li>
</ul>

DeGods NFT Creator De Labs Launches A New Crypto Token $DeGods – Here’s More Details

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