{"id":7670,"date":"2021-12-13T12:01:11","date_gmt":"2021-12-13T12:01:11","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=7670"},"modified":"2024-02-25T14:14:35","modified_gmt":"2024-02-25T14:14:35","slug":"degen-farm-bags","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/degen-farm-bags\/","title":{"rendered":"What’s Degen$ Farm Bags: BAGZ Token"},"content":{"rendered":"\n

The recent decrease of gas cost in the Ethereum network by ten times could revitalize the usage of many DApps. One of such decentralized applications is the Degen$ Farm Bags. This application allows people to farm unique nonfungible (NFT) creatures and use them in the decentralized game. Also, with the help of the BAGZ token, anyone can randomly get an in-game item to join the farming game. So, read below to learn more about this app. Besides, you’ll get an outline on how to trade BAGZ tokens on the Tokpie exchange.<\/p>\n\n\n\n

Update<\/strong>: Project\u2019s website is not working.<\/p>\n\n\n\n

What’s the Degen$ Farm?<\/h2>\n\n\n\n

The Degen$ Farm is the NFTs-farming game running on the Ethereum blockchain. So, if a user has one $BAGZ token, he can farm a unique NFT creature that accumulates ETH and $DUNG. Moreover, users can reveal animals, lands, and other rare species and items. There are 2000 unique normies, 400 chads, and many rare in-game intangibles. Furthermore, each creature brings network fees to its owner. The logic behind the game connects DeFi protocols with the NFT perspective. The team has also partnered with Chainlink to get a transparent go-to oracle solution.<\/p>\n\n\n\n

\"NFT-creatures\"
Degen Farm Bags’s items.<\/figcaption><\/figure><\/div>\n\n\n\n

How does it work?<\/h2>\n\n\n\n

Assume you want to farm one chad creature. Then, you need to get one normie and one land to deploy both into the Degen$ Farm’s farming cabinet for one week. But, not everyone could get them. Only 20% of normies will give birth to chads. Also, only 5% of chads will give birth to the mighty degen creatures. Therefore, it all depends on the farmer’s luck and DeFi experience. For example, if a farmer holds $UNI, the probability of farming a chad horse grows higher. However, it’s not only a game for whales. Small farmers can increase their likelihood by selecting the right market momentum. For instance, if UNI’s price increases during the farming process, users obtain an additional boost. Simultaneously, each time you farm, your land goes out, and you get a next-gen creature or DUNG. Note that the $DUNG is precious, and the user can trade it at the DUNG SWAP to get tools that affect chances to win.<\/p>\n\n\n\n

\"Earn
Earning fees on the Degen Farm.<\/figcaption><\/figure><\/div>\n\n\n\n

What’s the BAGZ token?<\/h2>\n\n\n\n

BAGZ is an ERC20 token serving as the means of the Degen$ Farm game’s onboarding. So, 1 $BAGZ allows a person to reveal one 1 NFT collectible. There’s either a unique normie creature NFT (ERC721) or land (ERC721) inside. Moreover, the token-holder gets these in-box nonfungible tokens randomly during the actual reveal process. In that way, the startup gives the authentic gamification experience to the community and increases engagement. <\/p>\n\n\n\n