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How To Buy iDEGEN (IDGN) in 2024
One of the most exciting upcoming projects to make waves amongst investors is iDEGEN, the newest AI meme coin that will be ‘raised’ by degens.
In a nutshell; every time someone tweets at iDEGEN, its AI absorbs the data, using it to learn, adapt, and then tweet every hour, with no moderation or training guardrails. Never before has a crypto given its investors such absolute control over the project’s direction, for better or worse.
They have also launched with a novel ‘adaptive auction’ concept, which has dynamic pricing and allows buyers to set the price before it launches on exchanges.
In this guide, we will walk you through the concept behind the token, as well as the process of buying iDGN early so that you can profit from the coin’s growth potential. We will also take a closer look at the project to determine why it stands out as one of the best Solana meme coins to buy in 2024.
How to Buy iDEGEN in 2024 – Quick Guide
During the auction presale, the price of IDGN will be updated every 5 minutes based on demand.
For every time that purchases are made in two consecutive periods, the price will go up by 5%. For every 5-minute period where there are no buys, the token will go down 5% in value.
This means that, assuming people buy into it in hoards, that the closer it gets to its listing, the higher the price will go. Therefore, by investing early, you can increase your chances of buying IDGN at a low price.
Here is how you can buy:
- Set up a Solana wallet: iDEGEN is a Solana-based meme coin that can be bought with SOL. Therefore, you will need to set up a Solana wallet, such as Phantom, and fund it with SOL coins.
- Connect your wallet to the iDEGEN auction sale: Head to the official iDEGEN website and click ‘connect wallet’. From here, select your wallet provider and confirm the connection.
- Swap SOL for IDGN tokens: In the swapping dashboard, enter the amount of IDGN that you would like to buy. Double-check the details of the transaction and then click ‘BUY’.
- Claim your tokens: IDGN will be listed on exchanges on the 1st of January and the auction sale will end shortly before this. You will be able to claim your tokens once the sale has ended with the same wallet that you used to buy your tokens.
What is iDEGEN and why are people calling it the ‘riskiest’ AI project to date?
iDEGEN is a community-powered AI meme token that has been coined the ‘riskiest’ AI crypto project to date.
It is designed to absorb the unfiltered input of the crypto community via what they Tweet to it on its X account, absorbing memes, posts, and tags every hour. This AI is not guided by scientists or carefully curated datasets but instead shaped by the raw creativity, chaos, and wit of the crypto world.
It will respond to every Tweet sent to it, and make a post itself every hour.
What makes it so risky? iDEGEN is an autonomous AI that will be trained by degens. Once the project is launched on X, it could say anything (depending on what the degens throw at it). This means that there is no way of knowing the outcome of the project.
Up until now, AI technology has been carefully developed by scientists in laboratories. iDEGEN will flip this narrative and put the power in the hands of meme coin holders – the most unpredictable group of them all.
iDEGEN Use Cases and Potentials
A significant limitation of most meme coin projects is a lack of utility which ultimately leads to hype fading and degens turning to newer and more exciting tokens. iDEGEN aims to combat this by bringing innovative utility to the scene.
As an AI experiment, iDEGEN has a lot of potential when it comes to use cases.
An experimental AI project controlled by Degens
First and foremost, iDEGEN is the first experimental AI project that will be controlled entirely by degens. The foundation of the project is to see what happens when degens raise an AI – which has piqued the interest of AI enthusiasts.
The results of the experiment have the potential to redefine how we think about artificial intelligence development and its integration into cultural and technological ecosystems.
By training on raw, uncurated data from the crypto community, iDEGEN challenges the norms of data curation and governance in AI, demonstrating what happens when AI evolves without predefined guardrails.
Furthermore, the project highlights AI’s potential to not only interpret but also create culturally relevant and viral content. This could influence areas like marketing, social media strategy, and even political communication.
iDEGEN is the first AI to be placed in the hands of degens. The technology will absorb all information that is given to it via its X account and generate content autonomously.
The outcome of this is unknown. Which makes iDEGEN an exciting project to watch.
Over time, degens will be encouraged to engage with the AI more and more, to see what it creates. This is a prime example of how AI technology can be used in a hilarious way to encourage user engagement.
Autonomous content creation
The iDEGEN AI absorbs and processes memes, tags, posts, and discussions from the crypto community every hour. This constant influx of data gives the AI a rich understanding of trends and sentiment which can be used to create autonomous content.
These autonomous content creation abilities make iDEGEN the ultimate self-sustaining viral marketing tool. The AI will be able to quickly analyze social trends and sentiment to generate content with viral potential.
IDGN tokenomics
IDGN is the native token of the project that will be used to attract investors and build an active community of degens.
The total supply of IDGN is 11,111,111,111. 90% of these tokens will be allocated to the pre-market sale and the remaining 10% will be used for liquidity. The token has an initial price of $0.00011 and, as mentioned, this will fluctuate throughout the pre-market sale based on demand.
All funds that are raised during the sale will be used for liquidity and exchange listings and any unsold tokens will be burned once the pre-market sale concludes.
How Will the iDEGEN Pre-Market Sale Work
Instead of launching a traditional presale—often doomed to fail because the price is set by the token owners for their benefit—iDEGEN will hold a pre-market sale that will follow an adaptive auction model. This will let investors determine the price of the tokens.
During the sale, the price of IDGN tokens will rise and fall based on demand. If purchases occur in a single 5-minute period, the price of IDGN will remain the same. However, if purchases occur within two consecutive periods, the price of IDGN will increase by 5%.
If no purchases are made during a 5-minute period, the price will decrease by 5%. By following this model, the price of IDGN tokens is entirely in the hands of investors and cannot be influenced by the project team.
When will the pre-market sale end?
According to the project’s whitepaper, IDGN will be listed on exchanges on the 1st of January 2025.
Where will iDEGEN be listed after the pre-market sale?
The team has yet to confirm any exchange listings. However, if iDEGEN manages to replicate the success of meme coins such as Bonk and Pepe, the project could attract the interest of major cryptocurrency exchanges.
IDGN is in a strong position to be listed on tier-1 exchanges due to the project’s innovative nature and potential to shape the future of AI.
It is likely that potential listings will become clearer as the pre-market sale progresses.
How to Buy iDEGEN From the Presale
The process of buying iDEGEN tokens from the pre-market sales is similar to buying crypto from a traditional presale. The main difference is that the price of tokens will continuously fluctuate based on demand.
IDGN is a Solana meme coin, which means that you will need to hold SOL to buy tokens. The perks of iDEGEN being based on Solana include low fees and fast transaction speeds.
Step 1: Create a Solana wallet
If you don’t already have one, you will need to set up and fund a Solana wallet. A popular option is Phantom Wallet which can be easily connected to the iDEGEN presale via the iDEGEN website.
You can set up a wallet in a few minutes by providing your email address and creating a password. Remember to write down your private keys too.
Once you have set up your wallet, you will need to fund it with SOL. The easiest option is to buy SOL tokens from a cryptocurrency exchange and then send your Solana tokens to your wallet address.
For more information, read our guide on how to buy Solana.
Step 2: Connect your wallet to the pre-market sale
Head to the official iDEGEN website (make sure that you are using the official site here) and navigate to the pre-market sale dashboard.
Here, you will see an option to connect your wallet. Click this button and then select your wallet provider from the list.
If your wallet is downloaded as a browser extension, the connection should happen automatically. If not, follow the instructions on the screen to complete the connection.
Step 3: Swap SOL for IDGN
The next step is relatively straightforward. Navigate to the token swapping dashboard on the iDEGEN website – this looks similar to the swapping page on a crypto exchange.
Here, you will be able to enter the amount of SOL that you would like to swap for IDGN and confirm the transaction.
Make sure that the WiFi network you are using is secure before finalizing your order. Then, click ‘BUY’ to swap your Solana coins for iDEGEN tokens.
It may take a few minutes for the transaction to process and the Solana to move out of your wallet.
Step 4: Claim your IDGN tokens
Like most cryptocurrency presales, you will be able to claim your IDGN tokens after the pre-market sale has concluded.
Take note of the wallet that you use to buy your tokens – you will only be able to claim IDGN tokens with the same wallet that was used to purchase them.
As the pre-market sale progresses, you can monitor the performance of the project by following the official iDEGEN Twitter and Telegram pages.
Is iDEGEN a Good Investment in 2024?
In the world of crypto, finding a hidden gem before it goes to the moon is the difference between early retirement and a lifetime of missed opportunity.
So, is iDEGEN the next big meme coin for huge returns?
IDGN is a one-of-a-kind experiment that brings AI utility to the meme coin space. There is no denying that this project is a revolutionary concept that has the potential to change the way that AI is used in crypto.
However, meme coins are notoriously volatile and the price of IDGN lies completely in the hands of degens.
Nevertheless, here are a few reasons why we believe that iDEGEN is worth buying in 2024.
The price is primed to gradually increase during the pre-market sale
The price of IDGN will increase by 5% every time that purchases are made in two consecutive 5-minute periods. Over time, this could accumulate into huge growth.
For this reason, early investors will reap the most rewards. The earlier you invest, the more chance you have to profit from growth.
Invest in emerging and innovative technology
By investing in iDEGEN, you are gaining exposure to emerging and innovative technologies.
2024 has been a big year for AI and the wider technology space, and demand for new projects continues to grow. iDEGEN stands out as one of the best AI cryptos to buy for returns as the space continues to expand.
We are in the midst of a bull market
The iDEGEN project has picked perhaps the perfect time to launch. We are currently in the midst of a long-awaited crypto bull market which has seen dozens of tokens reach new all-time highs and could push the value of Bitcoin past $100k.
In previous bull cycles, altcoins have rallied alongside Bitcoin to provide investors with substantial returns. ‘Altcoin season’ tends to occur after Bitcoin’s consolidation phase as investors shift their interest to smaller-cap cryptocurrencies.
Therefore, now could be the best time to invest in altcoins, including iDEGEN, before the next altcoins season begins.
An active and engaged community of degens
All of the most successful meme coin projects have a large community of supporters who generate hype and investor interest. An active community creates and shares memes, posts, and content that amplify the coin’s visibility across platforms.
iDEGEN is no different. In fact, the whole concept is built around crypto users interacting with it on X. The more people do this, the more people will see it. The more people see it, the more people will buy it.
Final Thoughts
iDEGEN is the first experimental AI meme coin project that will be raised by degens. It stands as a great investment opportunity for 2024 due to its exciting potential use cases and transparent pre-market sale which will ensure that the price of the token is determined by the market.
You can buy IDGN through the official pre-market sale site by connecting your Solana wallet and swapping SOL for IDGN tokens.
Exchange listings will take place on the 1st of January 2025, which means that there isn’t long to invest during the project’s early stages.
FAQs
What is iDEGEN?
iDEGEN is an experimental AI meme coin project designed to evolve based on the input of the crypto community, learning and creating content from unfiltered market sentiment and meme culture. The token is built on the Solana blockchain and uses an adaptive auction for its token presale, allowing the market to set its value.
Will iDEGEN reach $1?
For the price to reach $1, IDGN would have to increase by 909,091% and reach a market cap of around $11 billion. Given that Dogecoin’s current market cap is over $57 billion, this is definitely within reach.
Will iDEGEN be listed on Binance?
The team is yet to announce where iDEGEN will be listed after the pre-market sale. However, an increasing number of tier 1 exchanges, including Binance, are starting to list meme coins on their platforms. Most recently, Binance listed Bonk a prominent meme coin built on the Solana chain. If iDEGEN can gain the same traction as Bonk, there is no reason why it couldn’t be listed on the platform.
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