> For the complete documentation index, see [llms.txt](https://docs.feel.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.feel.cash/launch/trade-feeling/degen.md).

# Degen

Explore Degen, the advanced Trade Feeling mode in Feel.cash: how to unlock it, how its liquidity bands work, and what to review before launching.

**A hidden advanced mode for launches that need deeper liquidity at the beginning of the curve.**

Degen is an easter egg inside the Feel.cash launch screen. It does not appear with the standard Trade Feeling presets until you unlock it.

## Unlock Degen

1. Open **Launch a coin**.
2. Click or tap the **Feel.cash logo four times quickly**.

![Click the Feel.cash logo four times quickly to unlock Degen.](https://3524517046-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8NY3dGkZWyHJmak5FvRK%2Fuploads%2Fgit-blob-a8c31d80d108f0039a6149ad24b4907809c1fd91%2Fdegen-unlock-logo.png?alt=media)

3. Trade Feeling and Developer buy expand, and the Degen option appears.
4. Select Degen and review the complete launch preview before continuing.

The unlock applies to the current launch flow. Selecting another Trade Feeling returns you to the standard presets and their editing limits.

## How the curve works

Degen uses a fixed, pump.fun-inspired distribution across **10 price bands**, followed by a long-tail range. It allocates more token-side liquidity to the early ranges than the standard Feel.cash curve. This gives early participants more room to build exposure before the price reaches the steeper later ranges.

This does not add a hidden WETH reserve or give the creator a free allocation. The full token supply begins in the launch pool, and supply leaves the pool only through market purchases.

| Property               | Degen mode                                       |
| ---------------------- | ------------------------------------------------ |
| Starting FDV           | Approximately $2,500                             |
| Liquidity distribution | Fixed 10-band curve plus a long tail             |
| Pool pairing           | WETH only                                        |
| Total supply           | 1,000,000,000 tokens                             |
| Curve editing          | Not available                                    |
| Dev buy                | Optional                                         |
| Liquidity              | Permanently locked in the Uniswap v4 launch pool |

At deployment, the USD starting point is converted into WETH using the live ETH/USD reference and snapped to valid onchain ticks. The exact opening FDV can therefore differ slightly from $2,500.

## Approximate curve examples

The following examples show how cumulative buying moves through the fixed Degen distribution.

| Approximate buy | Supply acquired | Approximate FDV after buy |
| --------------: | --------------: | ------------------------: |
|            $200 |            7.1% |                     $3.2K |
|          $1,000 |           24.8% |                     $6.4K |
|          $5,000 |           65.0% |                    $17.1K |
|         $10,000 |           84.0% |                    $48.8K |
|         $15,000 |           89.9% |                     $149K |
|         $30,500 |           95.0% |                     $612K |
|        $152,500 |           99.0% |                    $15.3M |

These are curve estimates, not guaranteed execution results. Onchain tick rounding, routing, the paired asset price, price impact, and other market activity can change the final outcome.

## Optional developer buy

A developer buy is not required to use Degen. If set, it executes as the opening purchase before public trading, and the purchased tokens go to the creator wallet. The launch screen previews the estimated supply acquired and FDV after the selected buy.

There is no minimum developer buy for Degen. A team can launch without one and buy later through the public market instead.

## Sniper fees

**Disable sniper fees** is enabled by default when Degen is unlocked. It removes the opening surcharge while leaving the regular market fee in place. If a developer buy is set, this option stays enabled so the opening purchase uses the same flat-fee curve shown in the preview.

## Fixed after launch

The Degen distribution, pairing, opening configuration, and liquidity lock are immutable once the coin is deployed. Live Degen coins are identified by the Degen label on their coin page.