DEGO Finance (SYMBOL: DEGO) introduces lego aesthetics to DeFi (Decentralized Finance) with Non-Fungible Token (NFT) mining. ^[10] The protocol is built on Ethereum. ^{[1] [9]}

Dego Finance is a new DeFi (Decentralized Finance) initiative that attempts to reimagine the purpose and utility of Non-Fungible Tokens (NFT) through a variety of entertaining and innovative applications.

The platform is intended to provide an NFT ecosystem that allows anyone to issue NFTs and open them up for auction, trade, and mining.

It also seeks to provide a cross-chain layer 2 solution that blockchain projects can leverage to construct more feature-rich NFT applications, allowing them to expand their user base and create real-world NFT applications.

DEGO, a governance and equity token, is used by Dego Finance. This is used to vote on community governance proposals and to make decisions regarding the DEGO ecosystem's direction. DEGO token holders additionally earn dividends from a pool of funds that is topped up with half of the network's transaction costs.

In September 2020, Dego Finance debuted on the Ethereum (ETH) blockchain, but later switched to Binance Smart Chain (BSC) to take advantage of its low costs. The project's developers and crew are based all over the world, and they prefer to remain anonymous in order to concentrate on the project's growth and development rather than taking credit for its inception.

The DEGO protocol adopts a modular design. Modularity refers to the combination of various elements of the product to form a subsystem with specific functions. DEGO combines these subsystems as a universal module with other modules to create a new system with multiple functions and performance. ^[9]

In short, each product can be regarded as a module. After a combination of different modules, a new product comes out, thereby achieving the effect of 1+1>2. Lego bricks are the best example and inspiration for those modules. Every brick is plain and ordinary, but it generates endless possibilities when put together. ^[9]

DEGO aims to be equal to LEGO in DeFi.

With each DeFi protocol as a brick, like Stablecoin (DAI), Lending ( Aave, Compound), DEX (Uniswap and Balancer), Derivatives (Synthetix), Insurance (Nexus Mutual), DEGO aims to build a new Decentralized application (DApp) to enhance the value of DeFi, creating diversified investment portfolios and generating substantial financial returns for users. DEGO aims to become the entrance to the future of financial services. ^[9]

The DEGO NFT is a GameFi experiment.

In most use cases, Non-Fungible Token (NFT) is today viewed as digitalized art ownership, although Dego provided Ownership, Creation(Casting), Mining, Auction, and Trading for an NFT, so its utility extends beyond just ownership.

DEGO NFT is a use case that blends the concepts of game and finance and is built on ERC908, Dego's proposed NFT Protocol.

This protocol separated ownership and utility to allow for broader use cases and widespread adoption.

Casting (Asset Creation), Market (Trading), Lending, and other DEGO NFT modules are now available.

The team encourages all Blockchain purists to join them on this journey to learn how NFT works.

DEGO NFT is available to trade on

NFT can be created using any amount of DEGO, ERC20, or BEP20 tokens. The grade of NFT is randomized in the creating/minting/casting process to ensure fairness. Non-Fungible Token (NFT) can be broken down into DEGO, ERC20, or BEP20-based tokens that are locked in the creation process.

Power = DEGO Par Value * Mining Efficiency

There are three NFT pools, each of which has three teams competing.

Each pool is responsible for 0.5 percent of the entire supply (105,000 DEGO tokens), and each pool creates 52,500 DEGO tokens in the first week before halving production each week.

Every 24 hours, the total staked mining power is computed.

Daily, 0.1-0.15 percent DEGO of total supply will be injected into the pool with the most mining power (this lasts for 10 days).

The following are the injection rules:

The DEGO NFT platform also hosts an auction among its unique features. The auction operates regulated by the following rules;

DEGO NFT fund will receive 5% of Auction System Reserve, while Gego Module will inject 95% of Auction System Reserve into the Reward Pool.

On the NFT project, DEGO announced a collaboration with the Conflux Network (CFX) team.Conflux will provide DEGO with basic infrastructure assistance as part of this collaboration. Both parties will collaborate to advance the field of NFT and to investigate new application scenarios for blockchain technology and NFT. Both sides will share products and resources in technology, NFT, community, and commercial application scenarios at the same time. Conflux Network has created a favorable environment for boosting the speed of on-chain confirmation, financing, and clearing of NFT assets, lowering transaction costs, and increasing transaction liquidity as a high-performance underlying blockchain technology.It is better ideal for the NFT Project's long-term prosperity and development in terms of scalability and security.

A huge number of institutions and programs are making active arrangements on the NFT project, which has become one of the most popular tracks in recent years.

However, in today's market, NFT structures are typically simple, taking the form of encrypted artwork or game goods, with just cultural IP or gaming value expressed.

Both Conflux Network (CFX) and DEGO are dissatisfied with the current state of NFT entertainment culture, but they are committed to the collision of technology, ecology, and creativity, and they aim to explore novel NFT situations and values as part of their powerful alliance.

The $DEGO token is minted through liquidity mining. It is the governance and equity token of the DEGO ecosystem. DEGO contracts adopt a completely fair distribution system without private placements or pre-minings.^[9]

DEGO is the utility token of the Dego platform 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.

The allocation of DEGO token will be in the following proportion ;

Token Circulation

API: https://api.dego.finance/supply/dego

When a user transfers DEGO token, 0.2% trading fees of the transferred amount will be deducted, 0.1% of fees will be directly burned, the remaining 0.1% will be transferred to the Dividend Pool.

Destroy Address: 0x6666666666666666666666666666666666666666

Dividend Pool Address: 0xea6dec98e137a87f78495a8386f7a137408f7722

DEGO Pre-sale was scheduled for Sep 12th.

Cap 1: 750 ETH (1,425,000 DEGO)

The Presale will consist of 3 rounds with a different price and there is no specific time limit between each round, when the first round is sold out, the second round will start immediately.

Round 1: 150 ETH, 1ETH = 3,000 DEGO; Maximum: 5 ETH/Address

Round 2: 300 ETH, 1ETH = 2,000 DEGO; Maximum: 5 ETH/Address

Round 3: 300 ETH, 1ETH = 1,500 DEGO; Maximum: 5 ETH/Address

Cap 2: 100 ETH (150,000 DEGO)

For 50 Whitelisted users only.

The whitelist lottery registration was opened on 7 Sep.

1ETH = 1,500 DEGO; Maximum: 2 ETH/Address

Cap 3: 150 ETH (525,000 DEGO)

For Developers Community Supporters.

1ETH = 3,500 DEGO; Maximum: 10 ETH/Address

Uniswap Initial Liquidity

700 ETH & 1,200,000 DEGO

Uniswap Listing Price: 1ETH = 1,496 DEGO

Since launched on 14th September 2020, DEGO token has adopted a deflation model where a tax is charged on every transfer. This very tax rate has been reduced from 5% to 0.2% now (0.1% is burned and 0.1% is transferred to the Dividend Pool). Up to now, a total of 1,082,214.70 DEGO tokens are accumulated, which is currently worth over 20 million United States dollar. All of these tokens will be distributed to the community through various dividend pool activities in the future.

The first Dividend Pool Mining Campaign will be launched soon and 50,000 DEGO will be made available for mining.

The first Dividend Pool Mining Campaign only supports staking of NFT with BEP20 standard DEGO and DEGO/BNB LPs on Pancake Swap. Users will be able to exchange ERC20 DEGO tokens for BEP20 DEGO tokens vis Binance.com or Binance Bridge.

A total of 12,500 DEGO tokens will be made available in this pool, only NFTs minted and injected with DEGO tokens are permitted to be staked for mining here.

Rules:

The DEGO community saw significant growth since the launch of DEGO NFT airdrop, with Twitter followers reaching 39,000 and Telegram followers reaching 48,000 within a week. In order to promote the development of the DEGO global community, the team will be recruiting ten volunteers from all around the world through their ambassador program. ^[13]