DEGO 'A DeFi Product With Reliable Governance Protocol'​

INSIGHT ON DECENTRALIZATION

A Decentralized Autonomous Organization (DAO) is formed by the public. DAO principal aim is for the proper development of the Decentralized Finance (DeFi) market. DeFi currently has quite a number products in market which are called DAOs. All DeFi products operates under certain rules programmed as smart contracts that facilitate the operation of financial services such as lending services and wealth management among many other related financial services.

The decentralized financial application market is growing steadily as recently support started coming in from various government regulations around the world. Recent research proves that DeFi market will become a highly operative financial system. This is not a fiction as with the power of DAO, the public can effectively contribute to the development of a civilized society.

The introduction of blockchain technology which consequently gave birth to Decentralized Finance is seen to be the best alternative for an equal financial society. The Satoshi whitepaper was introduce in 2008 with an aim for a financial future of Decentralized currency with absence of borders. In 2015, Ethereum was introduced with the blueprint for a programmed society.

There are quite a number of lapses with the current DeFi products, for example most of the DeFi products are designed to have a short term lifecycle. But there is a new DeFi product in development; the product is on the process of introducing a sustainable application called DEGO.

DEGO PRODUCT OVERVIEW

DEGO is a blockchain powered technology, built with a set of principles called DEGO Algorithm. The DEGO Algorithm is designed for a secure, transparent and open source DEGO network. The implementation of DEGO relies strongly on Ethereum Smart Contracts and Artificial Intelligence, the smart contract cannot be tempered with because nobody can interfere with the decisions it makes. Clients don't need to be worried about their funds as they are all kept safe in DEGO.

Everyone from anywhere around the globe is free to participate in DEGO, this is due to its fairness in running it operations. The DEGO algorithm design facilitates the funds invested to run in full accordance so that there will be no cases of corruption or fraud operations.

DEGO can neither be said to be a company nor a centralized organization as the product is open for everyone while giving only developers the room for maintenance of codes and algorithms. Development of the project only controlled by the executive team members but DEGO is meant to be for all human creations.

INTRODUCING THE DEGO PRODUCT DAO

DEGO’s DAO is a typical decentralized governance system that gives everyone the opportunity to participate in the governance system through DEGO. This governance system is backed by a strong crypto community that I do not think the governance system can be destroyed or tempered with. The system belongs to the community, anyone can get access to any key information, engage in the formulation of the DEGO's governance model.

KEY FEATURES OF DEGO’S DAO

Anti-Capital Monopoly by Design

There are always the issues of Capital Monopoly with every civilization, these issues creates a margin that makes ordinary people unable to fight against capitalists in regards to economic activities. DEGO introduced a unique idea that restricts the persistence of capital monopoly.

A Hunting Pool with a Smart Fund plan

Community members can keep their assets in several pools in order to get interest. There are two basic key things to be noted by any community member before deciding to join any pool for reward purpose, these include;

• Operational complexity: The operation within every project ecosystem differs from one another, there by community members should understand their way around and jump in with their full knowledge.

• Security: One key factor for every community member to look out for is identification of safety and reliability of pools before joining their mining operations. Putting funds in an unreliable pool may put a community member at high risks of losing their funds.

DEGO’s Governance model designed a concept of smart fund which after user deposit funds into hunting pools, the funds will automatically move into mining pool for security reasons.

DEGO’s Philosophy of Sustainability

Projects in the cryptospace have different techniques that guide their sustainable development, only a few projects survives more than a year while many will lose their market value within the span of just one year. DEGO has designed a number of innovative measures that will facilitate the sustainability of it growth and development, some of this innovations includes;

Closed-loop circulation of value: with this innovation, community members can hold DEGO and ETH in Uniswap for liquidity to get LP Token and inject into liquidity mining pool to get DEGO rewards. This nteraction between DEGO and LP Token will brings about a steady development.

Revenue Application

DEGO provides it community members with the advantage of getting the highest revenue in DeFi world. The community is quite wide and large with everyone enjoying their decision of being a part of the paradigm shift.

DEGO’s Idea Targeted at Destructing Inflation

On every transaction of DEGO, a fee 5% handling fee will be deducted, 2.5% of this fee will be put into dividend pool, while the other 2.5% will be burned. This will result to an expansion in the value of DEGO, since the aim of the technology is not only for current value, but to provide a more sustainable product for DeFi world.

Oracle

DEGO group of minds are in the process of developing DEGO own decentralized Oracle to support complex business in future. The DEGO Oracle machine will be a DAO that offer decentralized governance operation within community.

Cross Chain

The DEGO’s group of minds believes that cross chain applications has a huge future in the DeFi space. DEGO project will realize a decentralized cross chain interaction and support the exchange between any Tokens on any blockchain, how fascinatingJ. DEGO's cross chain interaction will support the following;

• Decentralized cross chain bridge: This feature empowered the DEGO community members with the possibility of depositing currency in DEGO chain and minting them into Ethereum chain assets. This is a mind-blowing feature!

• Cross chain swap: community members will be able to exchange token assets on multiple various chains.

• A cross chain hunting pool: With DEGO’s idea, DeFi applications on other chains can also become DEGO's hunting pool, so fascinating!

Blockchain Games

DEGO’s cross chain mechanism will also be applied to games in the cryptospace. Community members will be given access to having and playing high quality blockchain games.

INTORUCING DEGO TOKEN

DEGO is minted to serve primarily as the utility token of the DEGO ecosystem, the token serves various purposes which includes but not limited Governance and Staking systems.

IN CONCLUSION

DEGO is newly introduced decentralized financial product with a development team consisting of people from all around the world. DEGO’s ecosystem gives everyone the opportunity to participate in the system. The platform has been working hard in order to create new sustainable DeFi product that will last for longer term. I strongly believe that they deserve every support.

For further findings, please follow the official DEGO Project links listed below!

Website Telegram Twitter
Medium Discord GitHub

Published by forum user: mohdelayo
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