DeGods Launches DEGOD Token, Convertible through DeGods, y00ts, or DUST

The Solana NFT project DeGods has announced the launch of the DEGOD token in collaboration with the NFT marketplace Sniper. This move aims to consolidate the entire DeGods ecosystem into a unified asset. The Bonding Curve for the token will be added around September 16 at 6:33 AM (UTC+8).

According to the tokenomics, each DeGods NFT can be exchanged for 550,000 DEGOD tokens. Additionally, each y00ts (Fuzzy DeGods) NFT can be burned to convert into 120,000 DEGOD tokens, and each DUST token can be burned for 36 DEGOD tokens. The token distribution will allocate 85% of the supply to NFT holders, 10% to the foundation, 3% for the Bonding Curve, 1% for initial liquidity, and 1% to the project’s partner, Sniper, a Solana-based NFT marketplace.

Following this announcement, the DeGods floor price surged beyond 35 SOL, now trading at 35.35 SOL, marking a 24-hour increase of 36.23%. The y00ts (Fuzzy DeGods) floor price also jumped past 7.5 SOL, now priced at 7.936 SOL, reflecting a 53.72% rise in the past 24 hours.