As a coin with many potentials and uses, Dego Coin under the Dego Finance project is attracting great attention in the market. So what is Dego coin ?
What is Dego Finance (DEGO)?
Finnews24.com: What is DEGO Coin? Detailed information about virtual currency DEGO
What is Dego Finance ? This is known as a decentralized finance (DeFi) project whose mission is to improve the utility of Non-fungible tokens (NFTs) through many supporting tools such as smart applications, Dego Coin or Dego token is the currency of this project used for transactions.
Initially, Dego Finance was launched on the Ethereum blockchain in September 2020. But to benefit from low fees, it switched to BSC later.
How does Dego Finance work?
Dego Finance's features are varied, with an ambitious roadmap for modular expansion.
Finnews24.com: How does DEGO Finance work?
Stake
Stake is one of the most popular modules of Dego Finance, allowing users to earn money staking LP tokens. Another difference from other platforms, Dego's yield farming uses an algorithmically adjusted reward system that focuses on incentivizing retail investors.
DEGO NFT
Known as an “experiment” in GameFi. Users can easily create, mine, trade, auction NFTs.
DEGO NFT is a combination of game and finance features to create artistic NFTs. DEGO NFTs, NFTs can be split into assets that were locked during creation – ie DEGO, BEP-20 tokens, ERC-20 tokens… They can also be staked and earned DEGO tokens.
Other Modules
Includes Hunter (yield aggregator), Dandy (mystery module), Swap, Rewards Pool, Lending and Insurance in development.
What is DEGO token?
DEGO is the governance token of the ecosystem, able to participate in community recommendations and decisions, and receive constant dividends.
What is DEGO token?
Token Allocation
- Mining (80%): 16,800,000
- PreSale & Whitelist (10%): 2,100,000
- Uniswap Liquidity (5.25%): 1,102,500
- DEGO DAO (3.75%): 787,500
- Airdrop (1%): 210,000
Finnews24.com : Dego token distribution in the market
Application of the DEGO . coin
- Governance: Participate in community group recommendations and receive constant dividends
- Airdrop, referral rewards, community events
- Liquidity mining: Rewards for LPs
Exchanges that trade DEGO
Two prominent names are Kucoin and MXC.
Store DEGO coins in which wallet?
There are many choices such as: Trustwallet, Ledger Nano X, MyEtherWallet, Coin98 Wallet, MetaMask… or the exchange you are investing in.
The potential of DEGO Finance
Finnews24.com : Potential of Dego Coin
Dego Finance now adopts modular approaches to building powerful DeFi applications based on NFT, turning each app in its ecosystem into a LEGO brick that is easy to assemble to build... new structure.
As mentioned earlier, launching on Ethereum and later on BSC, Dego also has larger cross-chain ambitions and plans to deploy on Polkadot before launching on the DEGOCHAIN mainnet in Q4 2021.
Governance token combined with equity DEGO, to vote in the governance community proposed to make decisions for the future of ecosystems DEGO.
DEGO token holders also receive a dividend from half of the transaction fees generated by the network.
Specifically with each transfer:
- 0.25% of the amount traded
- 0.25% is transferred directly to the dividend group to be disbursed to holders
Conclude
DEGO is considered hot and is becoming a trend in the cryptocurrency market. So, after learning what DEGO Finance is, investors were able to make strong investments.
