Introduction to the DEGO project

in defi •  4 years ago 

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DEGO Finance is a Defi project that has many products and financial services such as conventional banks. By adopting a modular concept such as LEGO bricks makes DEGO is able to make many new Defi products and Dapp. Currently, DEGO Finance has its own modules such as DEGO DAO, DEGO Swap, DEGO Lending, DEGO Insurance, DEGO Chain, and others. The combination of each different module will create a new product with unlimited possibilities, by creating various unlimited new Defi products that can be implemented on various aspects of life makes Defi more than just a financial system.
DEGO Finance is a Decentralized Finance (DeFi) powerhouse that targets to create a couple of possibilities for exceptional lessons of cryptocurrency traders to make cash besides hassles.
Already, the devoted DEGO Protocol is doing a swell job in the charting of more than one pathways for cryptocurrency traders to have equal opportunities.
In this article, you will examine about the extraordinary techniques that DEGO Finance is the usage of to facilitate the utmost decentralization of finance.

At this time, DEGO Token has been listed on CMC and CoinGecko. Investors or Community around the world can join on the DEGO ecosystem by buying DEGO Token that has been listed on the exchange market :

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https://app.uniswap.org/dego-weth
https://hoo.com/spot/dego-usdt
https://hoo.com/spot/dego-eth
https://www.mxc.com/trade/easy#DEGO_USDT

ABOUT DEGO FINANCE

This platform as the present solution to the limitations in finance has come to make the decentralized finance a free ride for all, causing it to be adopted and changing the faulyo structure of the old one. It will play this role and be consistent in the solution such that the next level of growth and development can be seen in the industry. The structure of finance will be greatly improved with the tools that are used by Dego, tools like the Cerberus protocol, Radix will make it a vast solution without causing any setback. Even though i consider this project young at this time, it is capable of a long term solution concept that will go far into the future and become the next big thing in the DeFi world. The application will be endless and it won't be useless as it get older. This concept will find great application in the DeFi world, it will go beyond the conventional DeFi product and create a DeFi system that is sustainable thus eliminating any form of imperfections and short term usefulness. Dego would make monetary administrations easier to run and will be the spearheader of some major benefits in the finance world.

DEGO'S FEATURES

Dego gives a model which makes everybody geared up to get to the genuine data that will assist them with having manage of their account. Dego will guarantee that all the clients have full comprehension of the stage and the arrangement with the cease goal that they can likewise add to the resulting development of the framework with similarly executions. Everybody turns into a subject and are viewed as constant budgetary clients, monetary specialists and specialists who take their part in the democratization constructed up by DeFi. So not exclusively will Dego make use of the Democratization and decentralization to accomplish more that the old DeFi framework.

SOME ADVANTAGES OF DEGO

Dego will provide the best liquidity in exchanges and will improve the features of swapping. It will make traders able to obtain a token called LP tokens such that it becomes a part of the liquidity pool in the decentralized exchanges. This token will make them able to lay claims to Dego rewards and will establish a smooth connection between the users and this concept.

Token

DEGO tokens are the product of liquid mining. It is the governance token of the DEGO ecosystem. Users who hold DEGO can participate in community proposals and decisions, and continue to receive dividends. DEGO contracts use a completely fair distribution system, without private placement or pre-mining mechanisms

name: DEGO Finance Token
Symbol: DEGO
Network: Ethereum
Spec: ERC20
Precision: 18
Smart Contract Address: 0x88ef27e69108b2633f8e1c184cc37940a075cc02
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Token distribution

Total issuance (100%): 21,000,000 DEO
Liquidity mining (80%): 16,800,000 DEGO
Pre-sale and whitelist (10%): 2,100,000 DEGO
Uniswap liquidity (5.25%): 1,102,500 DEGO
DEGO DAO (3.75%): 787,500 DEGO
Airdrop (1%): 210,000 DEGO

Stage Highlights of dego

DEGO is a biological system comprising of different items. Coming up next are the highlights of DEGO;

Stake: DEGO makes arrangements identified with stake that individuals can get, with Liquidity Mining with algorithmic balanced Dego can make a more feasible biological system of DeFi,

DEGO DAO: DEGO is an environment based on the standards of blockchain, specifically opportunity, correspondence, receptiveness, and development. So the network can partake in the framework boundaries on the DEGO stage.

DEGO NFT: This is an investigation of GameFi, which is new, in light of the fact that there ought to be something fascinating in the realm of DEFI, and DEGO NFT will be introduced in another and energizing manner.

Prizes Pool: DEGO stage income, which originates from barters, tracker pools, trades, and so on., will be infused into the Prizes Pool with a specific extent.

DEGO Chain: This permits other advanced resources, for example, Bitcoin or other encoded advantages for enter the Ethereum public chain and take an interest in DEGO.
Administration: Each DEGO token holder has the chance to partake in DEGO development through administration.
Profits: When somebody moves the DOGE token, they will be charged 5% expenses. 2.5% of the cost will be singed promptly, the staying 2.5% will be moved to the Profit Pool.

A few highlights, for example, DEGO Closeout, Tracker, Dandy, DEGO Trade, DEGO Loaning, and DEGO Protection will be dispatched later on. Simply pause.

How to stake in the DEGO mining pool

It is important to note that the DEGO mining is currently limited in the amount of crypto its system can accept. However, effective plans are in place to add more tokens for versatility.
Crypto holders are required to select the current asset they are willing to stake from the available options. After staking, user can then proceed to obtain their rewards using the harvest feature on the platform. Also, investors can decide against withdrawing their $DEGO rewards by re-staking their assets.

The available pools of the DEGO mining pool

DEGO has been able to establish an option for the available tokens. They are shared between the two mining pools of DEGO. In essence, each pool has its own peculiar cryptocurrency for staking. You might begin to wonder why there are two pools. Their difference lies in the mode of operation.

In Pool 1, the tokens can be staked directly. Pool 2, on the hand requires users to obtain an intermediary token through the swapping of ETH and DEGO. The obtained LP is then used to stake in the pool for rewards.

pool 1

This pool operates by initiating a direct swapping of your tokens to get DEGO rewards.

USDT: This requires users to stake their USDT assets. The assets are staked on the decentralized application of the blockchain project.

WETH: The Wrap ETH is also tradable in the pool 1 of the DEGO network.

Pool 2

Uniswap: This token belongs to Pool 2 of the DEGO mining pool. However, the tokens cannot be staked directly. The Uniswap are converted to the LP token before staking to get DEGO rewards.

For token transfers, 10% of the transaction amount is charged as a fee by the system. This is divided into percentages of 5% (trading fee), 2.5% (destroyed) and 2.5% (dividend)

CONCLUSION.

The DEGO network and its foundation is equipped properly to make a sustainable mark in the DeFi industry, while proffering a more secure,transparent, seamless and very effective financial management method.

it also has made a good number of innovative touches on its rule to ensure that its products and services are quite sustainable and will attain longevity within the DeFi and blockchain framework.

USEFUL LINKS

Website: https://dego.finance/
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Medium: https://medium.com/@dego_finance
Discord: https://discord.gg/xJjSJrd
Github: https://github.com/dego-labs

Author:

Bitcointalk username: taynguyen_cry
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2815776
MyEtherWallet address : 0xc16B9583a474870656776F26C734d08850cAd207
*Disclaimer Past performances are not indicative of future results. We recommend users consult their financial advisor before making any investment. Any articles and opinions posted by our team should not be considered as financial advice.

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