About Degen Distillery
What is Degen Distillery? Degen Distillery is a spirits brand that taps into Web3 technology to enhance the way consumers and communities engage with physical products. Their flagship product, 721 Vodka, is paired with their Tokenized Affiliate Protocol (TAP), which allows users to participate in a decentralized distribution network. By tokenizing sales contracts, users can take ownership of their sales and earn rewards. This model not only gives users a stake in the success of the product but also addresses the challenge of global distribution for physical goods. Degen Distillery has already sold out two NFT collections, reflecting high demand for their products. Their first bottle drop was a huge success also selling out in 24 hours. Key Features of Degen Distillery Degen Distillery is addressing multiple challenges in the spirits industry by leveraging blockchain technology and decentralized systems. Some of its standout features include: 721 Vodka: The first product in the Degen Distillery lineup, co-created with Brewdog. Social Distribution Platform (TAP): Users can become distributors themselves, earning commissions by selling Degen Distillery products through tokenized sales contracts. These contracts are stored on the blockchain, ensuring transparency and long-term ownership. Buyback & Burn Model: To align the community with the success of the brand, Degen Distillery will allocate 10% of its global spirits revenue to buy back and burn $DRINK tokens, enhancing the token’s scarcity and value.x
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Sign me upMarket Stats
Market Cap
$87,705.06
-2.88%
FDV
$868,949.24
Circulating Supply
72,772,197 DRINK
Max Supply
721,000,000 DRINK
Total Supply
721,000,000 DRINK
Diluted Valuation
$869,626.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$24,232.61
-0.02%
Volume (7D)
$158,194.27
Volume (30D)
$812,511.69
All time high
$0.0199
Overall Price Change (1Y)
-0.95%
Additional info about Degen Distillery
Recent trends
The price of Degen Distillery has increased by 0.05% in the last hour and decreased by 3.09% in the past 24 hours. Degen Distillery’s price has also fallen by 21.16% in the past week. The current price is $0.0012 per DRINK with a 24-hour trading volume of $24.23K. Currently, Degen Distillery is valued at 93.94% below its all time high of $0.0199. This all-time high was the highest price paid for Degen Distillery since its launch. The current circulating supply of Degen Distillery is 72,772,197 DRINK which means that Degen Distillery has as total market cap of $87,705.06.
Market details
DRINK vs markets
↘ 95.87%
DRINK vs BTC
↘ 96.59%
DRINK vs ETH
↘ 91.16%
Tags
food-beverage
Network & Addresses
Network | Address | |
---|---|---|
Base | 0x2dc90Fa3a0f178ba4beE16CAc5D6c9A5a7B4C6cB |
Price history
Time | Price | Change |
---|---|---|
Today | $0.0012 | ↘ 3.24% |
1 Day | $0.0012 | ↘ 3.09% |
1 Week | $0.0015 | ↘ 21.16% |
1 Month | $0.0018 | ↘ 34.04% |
1 Year | $0.0225 | ↘ 94.65% |
FAQ
We update our Degen Distillery to USD currency in real-time. Get the live price of Degen Distillery on Coinbase.
The current market cap of Degen Distillery is $87.71K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Degen Distillery is $0.0199. This all-time high is highest price paid for Degen Distillery since it was launched.
Over the last 24 hours, the trading volume of Degen Distillery is $24.23K.
Assets that have a similar market cap to Degen Distillery include sunpepe, Goons of Balatroon, KamPay, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Degen Distillery is 73 million.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.