What is Dego Finance? Detailed information about the DEGO . project

In recent times, NFT is one of the keywords that are mentioned a lot by the community and is becoming a trend when Binance debut NFT Marketplace. One of the projects NFT It’s so outstanding Dego Finance.

What is Dego Finance concept?

Dego Finance is a decentralized financial platform based on blockchain technology that combines two protocols NFT (Non-fungible tokens) and DeFi.

Dego Finance also building a protocol NFT To provide cross-chain Layer 2. By building on multiple blockchains like Binance Smart Chain, Ethereum and Polkadot, DEGO Finance enable blockchain projects to attract users, distribute tokens, and develop applications NFT more diverse.

Dego Finance Functions and Highlights

This platform offers a suite of products Dego NFT Suite complete for lifecycle management of NFTs:

NFT Foundry

Allows users to mortgage assets: DEGO, ERC20 or BEP20 to mint NFTs with unique properties and different rarity levels.

The NFTs of Dego Finance backed by deposits during minting and can be decomposed to return previously deposited assets.

NFT Mining

This is one of the most popular features of Dego Finance.

Yield farming of the Dego Finance used a defined set of algorithms for liquidity mining, converting LP tokens staked by users into POWER (similar to hashrate of mining Bitcoin) and receive income through them. According to this model:

Daily output per user = Daily output of the mining pool * POWER / Total POWER

POWER = Staked LP token amount * Coefficient of correspondence

Calculation formula POWER as follows, they divide users into 3 groups according to their staked amount:

  • Worst range: user with the most staked amount = 1 time reward
  • Best range: users with average staked amount = 5 times reward
  • Common range: user with minimum staked amount = 3 times reward

Eg: User A staked 10 LP tokens and is currently in range Common range, then POWER of user A is 10 * 3 = 30 POWER.

There will be 4 Pools to stake:

  • 1: DEGO-ETH UNI-V2 LP — 20% of the Mining Pool (4,200,000 DEGO)
  • 2: DEGO-UNI UNI-V2 LP — 2.5% of the Mining Pool (262,500 DEGO)
  • 3: USDT — 5% of the Mining Pool (1,050,000 DEGO)
  • 4: WETH — 5% of the Mining Pool (1,050,000 DEGO)

Auctions

Auctions NFTs are implemented in the form of FOMO3D auctions.

NFT Marketplace

Users can trade NFT at Treasureland.

ScanDrop

Dapps allow users to participate in NFTs airdrops by scanning a QR code.

Similar projects

Currently, NFT is a very hot trend, some NFT projects cannot be ignored such as: games Axie Infinity, Theta Network, Enjin Coin, …

Roadmap

Q4/2020

  • Open presale.
  • Launch on Uniswap and provide liquidity.
  • Launch ETH/BSC module: ETH/BSC NFT airdrop, ETH/BSC NFT Mining, ETH/BSC NFT Auction.
  • Launch of Treasureland V1 (NFT Marketplace).

Q1/2021

  • For Treasureland: Support many projects, many tokens, many chains.
  • Dego R&D launch: Dego Chain research and development, ERC/BEP 908 testing completed, Dwitch (Dego swap), NFT V2 launch, Polkadot Grants registration.

Q2/2021

  • DEGOCHAIN ​​Testnet Testing (Phase 1-2).
  • NFT Crosschain Development.
  • Switch Beta Testing.

Q3/2021

  • Launch NFT Lending.
  • DEGOCHAIN ​​Testnet Testing (Phase 3).
  • Implement ERC/BEP 908 Protocol on Polkadot.

Q4/2021

  • Dego Chain officially launched Mainnet with many complete functions.

Team

Updating

Partners and Investors

Updating

Tokenomics

Token User Case

Dego is the utility token of the platform Dego Finance and there are use cases after:

  • Governance: Dego token holders will vote on platform parameters to guide the economics and development of the project.
  • Incentives: Dego tokens are used to incentivize users to participate in bounty hunting, referrals and other future programs.
  • NFT Suite: Dego token is used for NFT minting, staking, auction, trading and more.
  • System Tax: Users transact with Dego token, the fee will be contributed to the pools.

Token Basics

  • Token Name: DEGO Finance Token.
  • Ticker: DEGO.
  • Blockchain: Ethereum / BinanceSmartChain.
  • Token Standard: ERC20 / BEP20.
  • Contract:
    • ETH: 0x88ef27e69108b2633f8e1c184cc37940a075cc02
    • BSC: 0x3FdA9383A84C05eC8f7630Fe10AdF1fAC13241CC
  • Token Type: Utility token.
  • Total Supply: 9,842,763.
  • Circulating Supply: 5.422,186

Token Allocation

Total Supply (100%): 21,000,000 DEGO

  • Public Sale: 10.0% of the total token supply
  • Uniswap Liquidity: 5.25% of the total token supply
  • DEGO DAO: 3.75% of the total token supply
  • Airdrop Rewards: 1.00% of the total token supply
  • Mining Rewards: 80.00% of the total token supply

Detailed presale information

  1. Cap 1: Presale (750 ETH / 1,425,000 DEGO)
    • Round 1: Open sale 150 ETH; 1ETH = 3,000 DEGO; Max 5 ETH per wallet.
    • Round 2: Open sale of 300 ETH; 1ETH = 2,000 DEGO; Max 5 ETH per wallet.
    • Round 3: Open sale of 300 ETH; 1ETH = 1,500 DEGO; Max 5 ETH per wallet.
  2. Cap 2: 100 ETH (150,000 DEGO)
    • Only available to 50 whitelist winners.
    • 1ETH = 1,500 DEGO; Max 2 ETH per wallet.
  3. Cap 3: 150 ETH (525,000 DEGO)
    • For those who support the developer community.
    • 1ETH = 3,500 DEGO; Maximum: 10 ETH per wallet.
  4. Uniswap liquidity
    • 700 ETH & 1,200,000 DEGO
    • Uniswap Listing Price: 1ETH = 1,496 DEGO

Where do you buy it

To own DEGO tokens, you can buy directly from major exchanges like Binance, PancakeSwap

Link to buy, sell and exchange reputable coins: bitmoon.net

Current DEGO rate

Twitter: https://twitter.com/dego_finance

Medium: https://degofinance.medium.com/

Github: https://www.github.com/dego-labs

Telegram: https://t.me/dego_finance

Announcement: https://t.me/DEGO_Announcement

Discord: https://discord.com/invite/xJjSJrd

Conclude

Dego Finance is a technology solution in layer-2 build apps for NFT token, is a hot rated token with trend BSC and NFT blooming, in recent times.

Here is an overview of the project DEGO that team GTA summarized to give you an overview of the project, not investment advice.

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