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DEGO Finance

Decentralized Finance with Sustainability.
Category
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Finance
Blockchain
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Ethereum, BSC
Currency
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DEGO
Publisher
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DEGO Finance Team
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What is DEGO Finance?
DEGO adopts a modular combination design concept. Modularity refers to the combination of various elements of the product to form a subsystem with specific functions. We combine this subsystem as a universal module with other modules to create a new system with multiple functions and performance.

In short words, 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 putting together.

DEGO equals to LEGO in the DeFi world. Each DeFi protocol as a brick, It could be the stable coin(DAI), flash Loans(Aave, Compound), DEX exchanges(Uniswap and Balancer), derivatives( Synthetix), insurances (Nexus Mutual). Around these underlying protocols, we will build a new dapp to enhance the value of the DeFi, create diversified investment portfolios and generate substantial financial returns for users, and become the entrance to the future of financial services.

DEGO Finance is an NFT+DeFi protocol and infrastructure with two functions: The project acts as an independent and open NFT ecosystem drawing users to the blockchain space. The NFT Suite offers services covering the full NFT lifecycle, enabling anyone to issue NFTs, participate in auctions, and trade NFTs. DEGO Finance is also building an NFT protocol to provide a cross-chain Layer 2 infrastructure. By building on multiple blockchains such as Binance Smart Chain, Ethereum, and Polkadot, DEGO Finance enables blockchain projects to acquire users, distribute tokens and develop more diverse NFT applications.

The platform includes the DEGO NFT Suite, offering a complete suite of products to manage the lifecycle of NFTs:

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.
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.

Dividends
When a user transfers DEGO token, 0.1% trading fees of the transferred amount will be deducted, 0.05% of fees will be directly burned, the remaining 0.05% will be transferred to the Dividend Pool.
20% will be used for rewarding volunteer developers
40% will be injected into NFT auction pool
40% will be used for following-up modules

LP
In the realm of cryptocurrency and DeFi, this refers to investors who deposit an asset to provide liquidity on an exchange and/or network(s) to gain an ROI on their investment. Investors deposit one or more of their digital assets into decentralized Liquidity Pools (LPs) to provide liquid capital to exchanges and smart contracts. Liquidity Providers often provide two or more types of assets, in which Impermanent Loss is sometimes seen.

APY
Annual Percentage Yield, a time-based measurement of the Return On Investment (ROI) on an asset. For example, $100 invested at 2% APY would yield $102 after one year, if there is no compounding of any interest earned on that $100 through the year. Assuming a static APY rate, the Monthly ROI would be 0.16%, in this case.

NFT
A non-fungible token (NFT), also known as a nifty, is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not mutually interchangeable by their individual specification. This is in contrast to cryptocurrencies like Zcash, and many network or utility tokens that are fungible in nature.

TVL
The Total Value Locked into a Smart Contract or set of Smart Contracts that may be deployed or stored at one or more exchanges or markets. This is used as a measurement of investor deposits. It is the dollar value of all the coins or tokens locked into a platform, protocol, lending program, yield farming program, or insurance liquidity pool.

STAKE
The act of staking a cryptocurrency deposit to yield farm additional cryptocurrency via CeFi or DeFi staking offerings, programs, or projects.

Slippage
In a trade, there is almost always a spread between the price that a buyer will pay and the price that a seller will sell an asset at. When an order is made, this difference in price between buyer and seller expectations results in price slippage. This slippage in price is usually 1-3%, but can be even more for coins with limited liquidity. This slippage can lead to a final sale price of the asset that is either more or less than the requested transaction amount.

Governance
Governance refers to the control and use of a Governance coin, token, and/or project through various measures in order to grow the ecosystem or product, and to maximize gains for governance token holders.

Gas Fees
Gas fees are rewards paid to Proof Of Work miners to incentivize them to support the network's transactions which become written to the blockchain. In Ethereum, this gas fee unit amount is expressed in gwei. Withdrawals or transfers to or from CEXs, DEXs Liquidity Pools, and Wallets all incur a gas fee. The amount of this gas fee will vary in cost depending on supply and demand. As currently designed: when demand on Ethereum or an ERC-20 network is at its highest, gas fees are at also their highest.

Whale
A person who HODLs a large amount of cryptocurrency or cryptocurrencies.
Information
Type
Automated Market Maker
Blockchain
Ethereum, BSC
Currency
DEGO
Platform
Windows, macOS
Publisher
DEGO Finance Team
Version
v2.0
FAQ
Please, do your own research and decide for yourself.
Yes, you can find the list of audits here.
DEGO is the governance token for this sustainable Decentralized Finance (DeFi) ecosystem with a total supply of 21,000,000 in total issued on Ethereum platform.
1) Airdrop / Referral Reward / Community Events
2) Liquidity Pool Reward
Purchase invitation code on DEGO official website, then invite friends to claim substantial rewards.
Everything about DEGO is open source in Github and we will do Smart Contract Security Audit.
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