Dego Finance (DEGO) is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. Dego is an independent, open NFT ecosystem. As the first project to integrate Ethereum blockchain into both non-fungible tokens and decentralized finance, it supports cross-blockchain interoperability and builds bridges between different blockchains. It offers tools for any project looking to join the next generation of digital asset trading marketplaces by providing a lightweight protocol layer on top of Ethereum and has been designed from scratch with security in mind.
The combination of the non-fungible token and DeFi has led to the emergence of a new asset class, bringing several opportunities and challenges to Dego, as well as the entire blockchain industry. By offering a one-stop service suite, this project is seeking to accelerate the adoption of blockchain technology by using it as an infrastructure layer that can be used in many applications, such as game assets circulation, cross-chain asset trading, and tokenized assets management.
The cross-chain bridge will allow for digital assets to be traded securely on multiple chains with minimal trust required from users. Dego is an ecosystem that strives to be the foundation for a digital asset trading ecosystem, offering users a clear and secure environment for trading.
Although the current smart contract has been deployed on multiple blockchains and is capable of supporting fungible or non-fungible markets, it only functions with fungible tokens at this point.
Who are the Founders of Dego Finance (DEGO)?
Dego Finance initially launched on the Ethereum blockchain in September 2020, but later transitioned to Binance Smart Chain to benefit from its low fees. The team behind the project choose to be anonymous and is committed to the growth and development of the platform.
What is Dego Finance (DEGO) used for?
Issuance, trading, and mining NFTs
Dego can be used to issue, develop and trade NFTs as well as to create and deploy smart contracts.
Users can earn DEGO tokens by participating in liquidity mining or by purchasing them on one of several supported exchange platforms — including Uniswap and KuCoin.
Rewards and incentives
Users can receive potential drops by utilizing the platform’s features. Dego has launched several airdrops to its Ethereum and Binance smart Chain (BSC) users since its inception.
Users can easily create, auction, trade, and mine Gaming NFTs.
What is the Unique Point of Dego Finance (DEGO)?
Many projects offer a unique set of advantages to their targeted audience, but few offer a multi-use tool with the sophisticated capabilities of DEGO. This project offers the power of a complete ecosystem in one place, rather than having users spread out across multiple platforms. This is especially crucial when it comes to the DeFi aspect of this project. Each function and utility of this platform works as an individual bridge which allows for cross-chain interoperability and bridges between different blockchains. Dego is available on the Ethereum chain, Binance Smart Chain, and the Polkadot Chain.
Dego has a sophisticated auction system known as GEGO V2, where users can trade and auction their NFTs using ETH.
The Dego exchange module supports the trustless and secure trading of cross-chain tokens, as well as a standard DeFi function that can be accessed through a dApp browser or API.
Dego’s proof-of-stake authority (PoSA) consensus on the BSC is designed to ensure that 21 PoSA nodes with Binance Coin (BNB) stakes will produce blocks and validate transactions. It undergoes regular smart contract audits and security checks to ensure there are no issues.
How many Dego Finance (DEGO) coins are in circulation?
There are 8,607,383 DEGO tokens in circulation with no information on the maximum supply.
How is Dego Finance Network secured?
Since Dego is now supported on the Binance Smart Chain, it is secured using the security features of the network.
On Binance Smart Chain, the NFTs are backed by the proof-of-stake authority (PoSA) consensus. It will be an open network that which anyone in the world with a significant stake in the Binance Coin can act as a node in the network. The PoSA consensus is designed to ensure that 21 PoSA nodes with huge BNB stakes will produce blocks and validate transactions.
Dego Finance also engages in regular smart contract audits and checks to ensure the integrity of assets and transactions on the network. It has been audited multiple times for security by the blockchain security firm Beosin.
How do I buy Dego Finance (DEGO)?
Dego is available for purchase on a number of different platforms, including Binance, KuCoin, Hoo, Gate.io, and Uniswap. To purchase DEGO tokens from an exchange follow the steps below:
* Create an account with a trading platform or log in if already registered.
* Deposit fiat money into your trading account.
* Buy DEGO tokens by swapping with BTC, ETH, or stablecoins such as USDT.
Which Cryptocurrency Wallet Supports DEGO Finance (DEGO)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Dego Finance (DEGO). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their DEGO wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.