> For the complete documentation index, see [llms.txt](https://degentracts.gitbook.io/degentracts/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degentracts.gitbook.io/degentracts/degentracts.md).

# DegenTracts

Introduction

* **What is DegenTracts?**
  * DegenTracts is a decentralized platform for futures-style trading on memecoins. The platform allows users to speculate on the performance of memecoins after they reach a 1M market cap and maintain that value, enabling strategic trading opportunities in emerging digital assets.
* **How DegenTracts works**
  * Memecoins that have reached a market cap of 1M and sustained it for at least one hour  are listed on DegenTracts dashboard. Once these conditions are met, contract trading becomes available for the specific memecoin pair. Platform allows users to speculate on the price and performance of these memecoins, utilizing a futures-style trading model.