INTRODUCTION:
DeFi(Decentralized Finance) application runs on the Ethereum Blockchain using smart contracts. Smart contracts has pushed the Ethereum blockchain forward. Anyone can make use of smart contracts to develop beneficial applications. The use of smart contracts in the DeFi industry has widely increased which is dependent on the value of crypto assets stored in a particular DeFi application. Smart contracts do not need maximum human interference because it works with a programming language on the Blockchain network. Users just sit back and watch the program code carry out effectively.
According to DefiPulse, the total value of crypto assets in store in the DeFi world is about $1.85 billion in 30 DeFi applications with all of them contending for plenty of users with their rising crypto assets.
DEGO is referred to as the LEGO of the DeFi world. It is different from other DeFi projects like Compound, Synthetic etc for its genuineness and creativity. DEGO released its liquidity mining pool to the community on the 16th of September 1pm UTC.
DEGO TOKEN:
DEGO is the administration token for the continual Decentralized Finance(DeFi) system issuing 21,000,000 DEGO on the Ethereum Blockchain. DEGO token holders after given the right to participate in the administration system of DEGO DAO can pledge on DEGO after achieving UNI-V2 LP. Users can farm DEGO when staked on a liquidity pool e.g Uniswap. DEGO performs various unique purposes like administration, staking etc. Any other DEGO token can only be used after the DEGO DAO governance after the airdrop and pre sale. It is an absolute government token that will be controlled by the community.
10% of the total token supply will be distributed as presale(2,100,000 DEGO), 5.25% of the total supply will be distributed to Uniswap liquidity(1,102,000 DEGO), 3.75% of the total supply will be distributed to DEGO DAO(787,500 DEGO), 1% of the total supply will be distributed as Airdrop(210,000 DEGO), 80% of the total supply will be given as mining rewards(16,800,000 DEGO).
IDEOLOGY TO A CONTINUAL DEFI PROJECT:
Current projects in the DeFi industry and the cryptoworld are looking for a way to provide a continual development, an issue that has disturbed the growth of the industry. Only few Blockchain products can last a year before they lose market value. The focused phase of DeFi projects are really short. The aim to follow popular DeFi projects in confidence is cut short. In order to attain this continual development, some changes have been made to the designs of the rules of DEGO.
- Revenue operation: Backed up by other top DeFi projects, DEGO will help crypto owners receive high revenue and earn profits in the DeFi system. Users that partake in the DEGO project will therefore earn high revenues and push the life span of DEGO forward.
- Elimination of decrement: A 5% handling fee will be deduced when a user transfers DEGO using the transfer interface of the contract.
The DEGO's worth limit will also be widened because the goal is not to only impact in DEGO but also in other DeFi projects and reconstruct the application layer of Blockchain.
To know more about about this project use the below Informations :
Website: https://dego.finance/home
Medium: https://medium.com/@Dego.finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
Telegram: https://t.me/dego_finance
Publishers Details :
Bitcointalk Username : Bukalala
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835402
Proff of Registration : https://bitcointalk.org/index.php?topic=5272474.msg55226990#msg55226990