De Labs, the parent company of popular NFT collections DeGods and y00ts, has launched a new crypto token called DEGOD. DEGOD is powered by Solana and aims to consolidate all digital items within the Dust Labs NFT ecosystem into a single purposeful cryptocurrency. The token has a limited supply of 10 billion and can be converted for anyone holding Dust, DeGods, and y00ts NFT collections. During the launch, 3% of the token was sold on a discounted bonding curve, which sold out in minutes. The tokenomics allocate 85% to NFT holders, 10% to the foundation, and smaller portions to bonding curve, initial liquidity, and Solana network NFT market Sniper. The token is currently trading on crypto exchanges at $0.008154, with a 22.2% increase in the last 24 hours. This move has garnered attention, with Yuga Labs co-founder expressing skepticism but appreciating DeGods' experimentation.



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