- De Labs, the creator of the popular DeGods and y00ts NFT collections, launched a new crypto token called $DeGods on the Solana blockchain.
- The $DeGods token aims to unify all digital assets within the De Labs NFT ecosystem into a single cryptocurrency.
- NFT holders can convert their DeGods, y00ts, and Dust NFTs into the new $DeGods token at specified ratios.
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.
De Labs Launches A New Memecoin
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 called 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.
What Are DeGods And How To Claim Them
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. 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% of DeGods.
During 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.
Related NFT News
- NFT Sales Soar 3% This Week As NFT Buyers And Sellers Surge By Over 450%
- The Azuki NFT Creator Introduces An NFT Domain, Anime.com – A New Way To Anime
- CryptoPunks NFT Recently Worth $15M Sells For Just $23K – Here’s What Happened
Conclusion
The new DeGods crypto token has launched amid both hype and skepticism. It remains to be seen if it will be a success or struggle like many other memecoins before it. The NFT community will be closely watching how this new token performs in the coming days and weeks.
