What is Degen Arcade?
Degen Arcade is a meme coin trading terminal in the Crypto.com DeFi Wallet that allows users to start buying and selling trending meme coins in just a few taps.
What are the Degen Arcade player types?
Degen Arcade offers three unique player types: NPC, DOOMER, and BOOMER. Different meme coins are displayed depending on your selected player type:
NPC: Meme coins with the highest transaction volume in the past 24 hours.
DOOMER: Small-cap meme coins, which offer higher risk but also a higher potential for gains.
BOOMER: Meme coins with relatively higher liquidity, catering to traders with a lower risk tolerance.
Is there a fee for using Degen Arcade?
Yes, Degen Arcade charges a fee for each transaction. This fee consists of:
The gas fee, which allows transactions to be executed on-chain
A 1% service fee, which is based on the total transaction amount
How do I customise my trading parameters in Degen Arcade?
Tap the Settings button at the bottom right corner of the Degen Arcade page to set your purchase amount and slippage tolerance. The default settings are as follows:
Default purchase amount: 0.1 ETH per trading pair
Default slippage tolerance: 10%