In this article, you will learn what is Degen Millionaires Club. Degen Millionaires Club is a project which will find you the latest DEX listings before the masses find them with built- in scam checks and red flags scans.
What is Degen Millionaires Club?
Degen Millionaires Club (DEGEN) is an NFT collection. Degen Millionaires Club (DEGEN) price floor today is $1.306.98. with a 24 hour sales volume of 0.000000000000000000 BNB. As of today, there is a total of 100 NFTs by minted, held 46 unique owners, and has a total market cap of $130.698.
Degen Millionaires Club is a project which will find you the latest DEX listings before the masses find them. This means you can invest in tokens with little capital for serious gains reducing your risk.
Currently, most people find these tokens at $400K - $1M market cap, meaning you need great capital to get significant gains. But with DMC, you can find them earlier, and instead of investing $1.000. you can invest $50 to realize the same epic gains.
This is a serious utility as the dapp will have free and paid versions. Holders owning DMC can get discounts on access or even access it for free!
Each NFT is unique and has its own traits and properties.
NFTs are initially sold on Opensea to generate funds for liquidity. 60% of each NFT sale goes directly towards liquidity. NFTs also come with DMC tokens at a rate of 0.4% per BNB. If you pay 0.5 BNB for an NFT, you get 0.2 % DMC.
The token rate is the same as the upcoming token presale rate. 0.4% of DMC tokens are required to use Degen Sniper with full access without a subscription, so that's 1 NFT at 1 BNB or two NFTs at 0.5 BNB.
Each NFT provides its holder with a revenue share of the platform. NFT holders get 40% of the subscription revenue shared between them.
Degen Millionaires Club Exploit
The attacker was able to mint tokens. But rather than mint tokens and sell them on PancakeSwap, they minted them to the LP pool, which unbalanced the BNB/DMC ratio.
He was then able to skim the unbalanced amount of BNB out of the pool, which was all of it due to the unbalancing because he sent so many tokens to the LP pool contract. The attacker created four contracts, and the last one was successful.
When the DMC contract was initially under development, we wanted the total supply to grow with staking via minting so that listing sites and chart sites would report the correct supply rather than the whole 10M.
Bottom Line
These NFTs give their holders revenue-sharing utility from dapps. A % of subscriber revenue goes to our NFT holders for this collection, meaning they earn passive income and drive the price of the NFTs up due to supply and passive income potential. This article is about what is Degen Millionaires Club.
