Dego Finance is a NFT+DeFi protocol and infrastructure with two functions:
Acts as an independent and open NFT ecosystem drawing users to the blockchain space. The NFT Suite offers services covering the full NFT lifecycle; issuance of NFTs, auctioning and trade of NFTs arts.
Dego Finance claimed it's building an NFT protocol to provide a cross-chain Layer 2 infrastructure. It is also Multichain so as to enable projects on blockchain acquires multiple users, distribute tokens, and develop diverse NFT applications on different blockchain.
DEGO NFT Suite
DEGO NFT Suite was designed as a complete suite to manage NFTs from minting to sale. The suite comprised of the following;
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 on DEGO NFT Suite.
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.
Token
DEGO is the native token of the Dego platform, Multichain on Ethereum and Binance blockchain, as it's both ERC-20/BEP-20 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.
Token Allocation
DEGO total supply is 21,000,000 with Ethereum total supply at 9,886,353.861386169 and BSC totalSupply of 499415.44140423957 and has the following allocations;
Public Sale: 10.00% of total supply (2,100,000)
Uniswap Liquidty: 5.25% of total supply
DEGO DAO(Governance): 3.75% of total supply
Airdrop Rewards: 1.00% of total supply (210,000)
Mining Rewards: 80.00% of total supply (16,800,000).
It is worthy to note that, if you provide liquidity on DEGO, you must stake your coins for more than three (3) days. If you withdraw your tokens before 3 days, 10% of your rewards will be deducted and transferred to Dividend pool.
Token Burn
Anytime a transfer of DEGO token is initiated, 0.2% of the transferred amount will be charged as fees. 50% of the fees will be burned while the remaining 50% transferred to the dividend pool
Referral Program
On DEGO ecosystem, any user can purchase a unique referral ID for a fee. The fee increases after every 100 unique referral ID. The initial price is 0.1 ETH which will keep increasing by 0.1 ETH after every purchase of 100 referral ID.
The referral program is to second level of invited users and the referee gets 7% of all earnings of first level referral and 3% of total earnings of his referral referrals.
DEGO also run an ambassador program and you can apply following the link below;
https://forms.gle/EVEyY2LUrxJiWovP8
Roadmap
DEGO roadmap can be found here
https://docs.dego.finance/roadmap
Binance Cryptocurrency Exchange is the major market to trade DEGO and it's traded against Bitcoin and Binance USD. It can also be traded in Uniswap, Pancakeswap and Kucoin.
PARTNERSHIPS
Apron Network
Two days ago, DEGO announced on its Twitter handle it has reached a partnership agreement with Apron Network, a DEX infrastructure service platform on Polkadot ecosystem. Apron will provide DEGO with DEX infrastructure service support through cooperation. Apron Network will provide DEGO with node services, data indexing services, and other infrastructure services including pricing and random number in the future, to help DEGO Finance develop rapidly.
Clover
DEGO also entered into a strategic partnership with Clover to conduct in-depth cooperation in the field of NFT and DeFi and to also provide richer use cases for Polkadot ecosystem.
DEGO team as an NFT+DEFI aggregator through this partnership intend to complete the combination of NFT upper-level applications and underlying protocols by a Polkadot Parachain built through Substrate.
The first event on the agenda is the migration of TreasureLand from the DEGO ecosystem to Clover. Clover is a smart contract platform that enables Ethereum ecosystem seamless migration to Polkadot ecosystem by minimizing the changes required to run existing Solidity smart contract on Polkadot.
Mathchain
Today, 15th March, DEGO announced a new partnership with Mathchain where both parties will conduct in-depth cooperation in the field of NFT and DeFi and jointly work on deepening NFT products and use cases for Polkadot ecosystem.
Seascape
The Seascape team is partnering up again with the amazing team over at Dego Treasureland, for a Seascape and DEGO NFT beach party. This event will start on 17th March,2021 (12pm UTC) where DEGO will open a brand new mining event for NFT fans.
The trio of Apron Network, Mathchain and Clover are Polkadot ecosystem based and these partnership only prove the resolve of DEGO to be completely Multichain.
Recently, with over 78% of the DEGO community voting yes, DEGO moved 50% of it's liquidity from Uniswap to Pancakeswap as a result of high Ethereum gas fee.
