DegensBet
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HOW IT WORKS

DegensBet is a competitive trading arcade. Connect with X, get a deposit address, fund it, and battle other degens for cash and $DEGEN token prizes. Two arenas: PAPER (sandbox) and REAL (skin in the game).

1. CREATE AN ACCOUNT

Hit LAUNCH APP and sign in with X (Twitter). The platform auto-provisions a managed Solana deposit address linked to your profile. Your X handle becomes your public trader identity on the leaderboard.

2. TWO ACCOUNTS: PAPER & REAL

Every user gets two sub-accounts that operate independently:

  • PAPER — starts with $10,000 fake USDC. Sandbox. Real live prices, simulated PnL. Practice and grind the paper leaderboard for prizes.
  • REAL — starts at $0. Funded by your SOL deposits at live market rate. Real stakes, real payouts.

The top-bar toggle switches active context across the entire app: dashboard, trade view, history, leaderboard.

3. DEPOSITING

Open the WALLET tab to see your Solana deposit address. Send any amount of SOL on Solana mainnet — our chain watcher detects it and credits your REAL balance at the current SOL/USD rate (typically within 60 seconds).

4. TRADING

Long or short any supported pair (SOL, BTC, ETH, BONK, WIF, JUP, PEPE — more coming) at up to 1000x leverage. Pick your account, your size, your leverage, click BUY / LONG or SELL / SHORT. Close any time. Liquidation triggers when unrealized loss reaches your margin.

5. WITHDRAWING

Request a SOL withdrawal to any Solana address. The system distinguishes two portions:

  • Instant auto-payout — up to the SOL amount you have personally deposited. Sent automatically by the treasury within seconds.
  • Manual review (1–3 hours) — profits above your deposited amount. Reviewed and released by a human operator to protect against abuse.

Your withdrawal history shows both kinds and links the on-chain signature.

6. COMPETITIONS

Two flagship tournaments running continuously:

  • PAPER ARCADE — entry: 0.25 SOL • prize pool: $10,000 + 30,000,000 DEGEN.
  • REAL MONEY ARENA — entry: 2.5 SOL • prize pool: $100,000 + 70,000,000 DEGEN.

Ranking is by tournament PnL (your PnL accrued since joining). Entry fees fund the operating treasury and DEGEN incentives.

7. $DEGEN TOKEN

1,000,000,000 supply on Solana. Distribution:

  • 50% Locked
  • 7% Real-arena prize pool
  • 3% Paper-arena prize pool
  • 40% Public fair launch

Contract address: TBA — published in the token section on the homepage at launch, and pinned permanently in the bottom-right of every page once live.

8. RISK

Trading with leverage is risky. PnL is calculated on real market prices, but liquidity for execution is provided by the platform; you are entering a wager-style instrument against the house, not the open market. Do not deposit more than you are willing to lose. See Terms and Privacy.