What is DEGO Finance
Founded in 2020, DEGO Finance is an independent and open NFT (non-fungible token) ecosystem that provides a diversified combination of NFTs and Defi tools.
It allows users to issue their own NFTs and also provides other functions such as yield-farming, trading, and auction. The brand is named after Lego which refers to its modular design. It can combine different elements of its products to create special sub-functions, just like Lego does.
DEGO NFTs are listed in six grades: BRONZE, SILVER, GOLD, PLATINUM, DIAMOND, KRYPTONITE. Different grades of these NFT tokens represent different mining efficiency which leads to different outcomes. These NFTs can also be disassembled into $DEGO to maintain the concept of continuity and practicality.
DEGO is an ERC-20 token generated by participants’ liquidity mining. Owners can participate in community proposals and voting. The community can also vote for its ambassadors. The top 10 candidates with the most votes will become ambassadors and be rewarded exclusive NFT medals. It adopts a fair distribution mechanism and does not provide any private funding.
The total supply is 21,000,000 and the allocation is as follows:
Liquidity mining- 80%
Pre-sale- 10%
Liquidity on Uniswap- 5.25%
DEGO DAO Reserved- 2.75%
Airdrops- 1%
The project’s transfer = burn protocol
When users make any transaction, the system will automatically charge 5% of the total transfer amount as trading fees, and 50% of the fees will be burned, and another 50% will be put in the rewarding pool as staking rewards. After the community governance voting on the transaction fee, it has been changed to 2%.
Their very own mining process
Most of the liquidity mining distribution is based on the proportion of staking amount, so the rewards gap of large capital owners and small investors is huge. If the big players sell their tokens, it will affect the small ones. Therefore, this mechanism adjusts the rewarding system. Comparing to the big players, the general ones have 5 times higher staking rewards and the low-funded stakers get 3 times. It seems illogical, but this is a reward mechanism made to protect small investors.
Their most valued ecosystem
The current products include DEGO Swap, DEGO Loan, DEGO Insurance, Rewarding pool, Dandy and Hunter… etc. In addition, the team will continue to develop other functional modules.
Market Cap
- Market Cap: $38,858,817 USD
- Circulating Supply: 5,422,186
- Total Supply: 9,838,260
Where can I trade DEGO?
Trade it on ABCC：https://abcc.com/pro/markets/degousdt
Website
- Twitter：https://twitter.com/dego_finance
- Telegram：https://t.me/dego_finance
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You should be aware that cryptocurrencies are subject to high price-volatilities. You are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. ABCC reserves the right to rescind and terminate our services to users in countries and jurisdictions where relevant laws and regulations apply.
