Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.
Any user is allowed to launch an NFT and initiate mining, auctions and trading, covering the entire lifecycle of the product. Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution.
Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.
Dego Finance was founded and is being developed by a team that remains anonymous as of March 2021.
Dego Finance is a stand-alone, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions and trading.
The Dego community can propose and elect ambassadors. The top 10 volunteers who receive the highest number of votes are elected as the Dego ambassadors, who then receive a Dego Ambassador Medal NFT, giving them the right to represent Dego at industry events.
DEGO are ERC-20 tokens are minted via liquidity mining. They serve as the governance and equity token of the Dego ecosystem. Users that hold DEGO can participate in community proposals and voting and receive continuous dividends. DEGO has adopted a fair distribution system with no private placements or pre-mines.
As of March 2021, Dego Finance (DEGO) has a circulating supply of 8,607,383 tokens with no maximum supply data available.
Dego Finance has been audited for security by the blockchain security firm Beosin. The Dego algorithm enjoys the immutability features of blockchain technology and pursues an algorithm-first decentralization principle.