How to Buy iDEGEN (IDGN) in 3 Simple Steps
iDegen is an ambitious meme coin project built around AI. It is powered by a large language model and trained by tweets from the degen community on X. The project’s goal is to give AI complete autonomy and its community complete control over the evolution of an AI agent and “see where it goes”.
The AI is given an X account and trained by the crypto community’s tweets by tagging its account. It is then free to learn, grow, and evolve while tweeting every 60 minutes.
This new project is still in its pre-market phase and can be bought at a discount to its future listing price on its website.
How to Buy iDEGEN - Quick Guide
To buy IDGN (iDegen’s token), you can either buy during the pre-market or wait until listing. Our guide covers buying during the pre-market.
1. Visit the iDegen website
Navigate to the project’s official website and connect your wallet. The memecoin is on the Solana network, so a suitable wallet would be compatible with the network, like Phantom or Solflare.
2. Purchase IDGN tokens
Purchase IDGN tokens by swapping a certain volume of the selected base currency. Ensure you are aware of minimum buy limits and that you have enough SOL to pay for gas fees.
3. Wait for launch
Once you buy IDGN tokens, wait until launch in January 2025 to trade your tokens.
How does iDEGEN compare to other top memecoins?
What is iDEGEN?
iDEGEN is a memecoin that combines the best parts of memecoin virality, cutting-edge artificial intelligence, social media, and community dynamics to create a project that challenges the conventions of AI and memecoins.
The project is built around a large language model that is trained using information contained in tweets from the crypto X community. The model is given autonomy to learn and evolve on its own, and the community is allowed to feed it any type of information via tweets; the model can read text, links, tweets, and even understand memes.
What makes iDEGEN unique?
The last project that executed along similar rails as iDEGEN was wildly successful and even created a memecoin that trades at a market cap exceeding $700 million. iDEGEN is kicking things up a notch by allowing its AI model to learn, grow, and tweet unencumbered.
What Payment Methods Can I Use to Buy iDEGEN?
iDEGEN is a new coin and as such is not widely available. However, as the token gains popularity, the number of payment methods that can be used to purchase it will grow. Here are some popular payment methods that are and will soon be available.
Other Cryptocurrencies
iDEGEN’s pre-market sale will include other cryptocurrencies, most likely SOL as the project is built on the Solana network. Other stablecoins like USDC may also be included as acceptable payment methods during the presale.
Credit Cards
Credit cards are a popular payment method, especially for global crypto exchanges with globally distributed userbases. When IDGN eventually lists on major exchanges, you’ll be able to fund your exchange account using a credit card.
Bank Transfer
Bank transfers are a great method for buying crypto from platforms within your geographical location. They are low-cost, support large amounts, and can be swift (depending on your bank).
e-Wallets
e-Wallets include digital money transmitters like PayPal, Neteller, and Skrill. They allow users to store funds in wallets, spend money at various online stores, and send funds to crypto exchange accounts.
How to Buy iDEGEN - Step-by-Step Guide
iDEGEN will launch on the Solana network and as such will only be available on-chain, at least for the first few days. To get in on the ground floor, you’ll need to learn how to get IDGN on-chain.
1. Set Up a Wallet
To begin, you’ll need a wallet compatible with Solana. The most popular is Phantom. Create a Phantom wallet by navigating to the website and installing the add-on. Alternatively, you can download the mobile app from the App Store and Play Store. Create a new wallet; remember to write down your seed phrase while doing so.
2. Fund your Wallet
You’ll need SOL in your wallet to pay for gas fees and to buy IDGN. Buy some from a regular crypto exchange (some listed above) and transfer to your wallet or buy directly on Phantom using your credit card through Moonpay.
3. Join the Pre-Market
Join iDEGEN’s premarket by navigating to the website and connecting your wallet. Select a desired amount (ideally above the minimum limit) and swap some SOL for IDGN.
Ways to Invest in iDEGEN
If you’re looking to invest in iDEGEN, there are a few options available. We explore the ones that you can immediately start using.
Buy and Hold iDEGEN
This strategy is simple as it involves holding onto your tokens for as long as possible. It is underpinned by the assumption that the token’s price will continue to rise in the long run and that one day, you can sell it for a significant profit.
To use this strategy, you must be aware of crypto market cycles, and memecoin lifecycles in particular.
Trade iDEGEN
Trading involves buying at lower prices and selling at higher prices over short periods. While it can be profitable, it is also risky and requires some level of skill to successfully execute.
Choosing an iDEGEN wallet - Where to hold your coins?
You have a few options where wallets are concerned, but not all options are equal. Here are your wallet options for holding iDEGEN.
- iDEGEN Software Wallets: Software wallets are wallet applications that are always connected to the internet. They offer ease of access, useful integrations, and intuitive interfaces that make them easy to use. They include:
- Web Wallet: These software wallets are browser extensions that can be accessed across various crypto webapps. They are some of the most popular wallet types.
- Mobile Wallet: These wallets are mobile applications that can be downloaded on your mobile device and used to store, receive, and send cryptos. Some have advanced integrations that allow you to connect to Web3 applications.
- Desktop Wallet: These wallets are applications that run on your desktop or laptop. They allow for easy access and customised user interfaces.
- Physical and Hardware Wallets: Hardware wallets are the pinnacle of wallet security as they keep private keys disconnected from the internet. However, they are not as easily accessible as software wallets.
- Hardware: These come in various form factors (flash drives, hard drives) but all serve the same purpose, to store crypto tokens safely. However, modern hardware wallets come with useful integrations that support functions like staking within the wallet.
- Paper: Paper wallets are pretty much defunct at this point, but they help users keep private keys offline by storing them on a piece of paper.
- Wallet Combinations: These combinations include options that fall into multiple categories. For example, the Ledger wallet, which is a hardware wallet can be paired with MetaMask, which is a software wallet to access web3 apps from your browser.
Is iDEGEN a Good Investment?
Like any asset that could be considered an investment, iDEGEN has advantages and drawbacks. The best we can do is highlight as much as we can about the token to aid your eventual decision. In that light, here are factors to consider when deciding whether or not to invest in iDEGEN.
Profit Potential
As a memecoin, iDEGEN has tremendous profit potential. Successful memecoins under the AI narrative are known to perform admirably. These coins can easily return multiples of their market capitalisation at launch, and IDGN is no different.
Anonymity
As far as blockchain data is concerned, buying IDGN is anonymous as the pre-market will be executed on-chain. You can separate this investment from your regular investments, especially in cases where you’re particular about your portfolio composition.
Potential Utility
While the initial utility of IDGN is limited to that of regular memecoins, there is tremendous potential to build a community that could be powered by the IDGN taken in the future.
Low Cost
The ability to buy potentially profitable tokens at low prices is important as even mildly successful projects can be highly profitable ventures if you buy low enough.
Should I Buy iDEGEN Now? - Things to Consider Before Buying
Timing is key as even the most profitable cryptos, like Bitcoin, go through periods of decline, are subject to fees and regulations, and could be overpriced. As such, you need to be aware of the factors that could affect the price of IDGN.
iDEGEN Fees & Regulations
The major fees associated with buying IDGN are transaction fees charged by the Solana network to process transactions. These fees are usually negligible as they are nowhere close to $0.50 per transaction.
Regulation may be a dicey area as the prevailing laws of your geographical jurisdiction may affect your ability to participate in IDGN’s pre-market sale.
iDEGEN Price
IDGN hasn’t launched yet, but its launch price will be 10% higher than the final pre-launch price at the close of the pre-market. This infers that the best time to buy IDGN would be early into the pre-market.
iDEGEN Price prediction
Predicting IDGN’s price is dicey as there is no historical information to inform future movements. However, the planned 10% increase in its launch price will mean that IDGN will trade at a slight premium at launch.
Its post-launch price movement will be driven by investor sentiment around the token (and crypto space) at the time. If they believe the token still has potential, then an eventual push-up is expected.
Final Thoughts
iDEGEN is an AI memecoin project that aims to do what has never been done before, give AI full autonomy to grow and learn, and give the community complete control over what to feed the AI model.
The IDGN token will be launched on the Solana network in January 2025, however, premarket sales will begin on November 26th. To participate, create a Solana wallet like Phantom, fund it with enough SOL for purchase and transaction fees, and connect to the iDEGEN website when the presale starts.
Methodology - How we picked the best platforms to buy iDEGEN
The exchanges we covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, fees, crypto support, and competitive edge.
Check out our why trust us and how we test pages for more information on our testing process.