Dego Finance is defined as a private blockchain created from decentralized finance (DeFi) and immutable tokens (NFT). In this article, as Kriptokoin.com, “What is Dego Finance?” We will answer the question. In addition, we will touch on other questions about the project.
What is Dego Finance? What does it do?
Dego Finance is a dual function NFT+DeFi protocol and infrastructure. The project acts as an independent and open NFT ecosystem that attracts users to the blockchain space. In addition, NFT Suite offers services that cover the entire NFT lifecycle, allowing anyone to publish NFT, participate in auctions and trade NFTs. Not content with that, Dego Finance is also creating an NFT protocol to provide a cross-chain Layer 2 infrastructure. Platform; Binance Smart Chain is built on multiple blockchains such as Ethereum and Polkadot. This enables blockchain projects to acquire users, distribute tokens, and develop various NFT applications.
What is DEGO coin?
DEGO is the utility token of the Dego platform. It has the following use cases:
Governance: DEGO token holders will vote on platform parameters to drive the economy and developments of the project.
Incentives: DEGO; used to encourage user participation in bounty hunting, referrals, and other programs in the future.
NFT Suite: DEGO tokens are required for NFT issuance, staking, auction, trading and more.
System Tax: Users transacting with DEGO tokens will contribute to a dividend pool.
How does Dego Finance work?
The protocol has features similar to common DeFi protocols. NFTs have more potential use cases than just being digital representations of unique items. Thus, the protocol allows NFT trading, mining and auctioning. Dego developers want to include a layer 2 cross-chain system where developers can create blockchain projects for NFTs. Also, Dego aims to provide an ecosystem where NFTs can have a more meaningful role in the DeFi space. To accelerate mass adoption of NFTs and DeFi, the protocol allows users to explore blockchain. It also allows them to mine and issue assets as well as distribute and distribute their tokens and NFTs on Treasureland. The platform has been audited by Chinese blockchain security firm Beosin. The firm did not find any high security issues.
How to get DEGO coin?
The project is currently traded on numerous cryptocurrency exchanges. However, those who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Dego Finance is traded are listed as follows: Binance, MEXC, CoinTiger, KuCoin.
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