Dego Finance (DEGO)
A Cross-Chain NFT+DeFi Protocol & Infrastructure. Dego Finance (Dego) is a cross-chain NFT+DeFi protocol & infrastructure, and an open NFT ecosystem where anyone can mint NFTs, initiate NFT mining, auctions and trading.
Dego also offers a cross-chain infrastructure to enable blockchain projects to grow their user base, distribute tokens, and develop more diverse NFT-powered applications. The project is also building a parachain through Substrate, enabling cross-chain NFT asset transfers, combining applications and underlying protocols.
DEGO is the utility token of the Dego platform and has the following use cases:
- Governance: DEGO token holders will vote on platform parameters to navigate the project’s economics and developments.
- Incentives: DEGO tokens are used to incentivize user participation in bounty hunting, referrals and other programs in the future.
- NFT Suite: DEGO tokens are required for NFT minting, staking, auction, trading and more.
- System Tax: Users who transact with DEGO tokens will contribute to a dividend pool.
The platform includes the DEGO NFT Suite, offering a complete suite of products to manage the lifecycle of NFTs:
- NFT Foundry: Mint NFTs with unique attributes and rarity grades by depositing DEGO, ERC-20, or BEP-20 tokens. DEGO Finance's NFTs are backed by the token deposits during the minting process, and can be decomposed to release the deposited tokens.
- NFT Mining: Stake NFTs and mine rewards.
- Auctions: NFT auctions are carried out in the form of FOMO3D auctions.
- NFT Marketplace: Users can trade NFTs at Treasureland.
- ScanDrop: A dApp for users to participate in NFT airdrops by scanning QR codes.
The project raised 1,000 ETH from a public sale, where 2,100,000 DEGO tokens (10.00% of the max supply) were sold at 0.00047619 ETH / DEGO.
As of March 10th 2021, the total token supply of DEGO is 21,000,000 and the circulating supply is ~40.99%.
Key metrics (As of March 10th 2021)
| Ticker | DEGO |
|---|---|
| Token Type | BEP-20 , ERC-20 |
| Circ. Supply When Listed on Binance | 8,607,383 (40.99%) |
| Total Token Supply | 21,000,000 DEGO |
| Discount Sale Token Offered | 380,000 DEGO (1.809524% of total token supply) |
| Discount Sale Token Price | 1 DEGO = 0.01838235 BNB (5.00 USD, using a BNB price of 272 USD) |
1. What is Dego Finance?
Dego Finance is a NFT+DeFi protocol and infrastructure with two functions: The project acts as an independent and open NFT ecosystem drawing users to the blockchain space. The NFT Suite offers services covering the full NFT lifecycle, enabling anyone to issue NFTs, participate in auctions, and trade NFTs.
Dego Finance is also building an NFT protocol to provide a cross-chain Layer 2 infrastructure. By building on mutliple blockchains such as Binance Smart Chain, Ethereum, and Polkadot, Dego Finance enables blockchain projects to acquire users, distribute tokens and develop more diverse NFT applications.
2. Recent News
- January-February 2021:
- Launched ScanDrop dApp on Math and Onto wallets.
- Issued NFTs for Binance Blockchain Week 2021.
- Launched NFT Minting and Mining Pool for Math wallets.
- December 2020:
- Launched NFTforGood.org for Binance Charity Foundation.
- Christmas Blind-box Airdrop and Mining Royale Products went live.
- Reached 33,738 DEGO token holding addresses, 100,000+ NFT created by users.
- November 2020:
- NFT Minting and NFT Market went live.
- Launched campaigns with Bounce and Alpaca.city.
- October 2020:
- NFT auction went live, Satoshi NFT was auctioned for 106 ETH.
- Migrated to BSC with more than 70,000 addresses.
- September 2020:
- Liquidity mining launched on Uniswap and liquidity peaked at 5.57MM USD.
3. Economics and Supply
3.1 Token sales data
| Token Name | DEGO |
|---|---|
| Public Sale Allocation | 2,100,000 DEGO |
| Public Sale Token Price | 0.00047619 ETH / DEGO |
| Public Sale Amount Raised | 1,000 ETH |
3.2 Token Allocation
| Token Name | DEGO |
|---|---|
| Public Sale | 10.00% of the total token supply |
| Uniswap Liquidty | 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 |
DEGO Token Allocation
4. Community Growth Strategies:
- Dego Finance will launch marketing campaigns through its ambassadors, and referral and bounty programs.
- Dego Finance has a continuous stream of product launches and feature releases planned, designed to ramp-up marketing efforts and grow user base.
- Dego Finance will continue to develop partnerships with other projects. In recent months, Dego Finance has helped various partners (e.g. Alpaca.city, Burger Swap, Binance Smart Chain, etc.) to mint and distribute NFTs. Dego Finance will continue these efforts to further develop its community.
Community Data
Telegram (English) | 66.5K Members
Twitter (English) | 79.3K Followers
Medium | 1.5K Followers