Introduction to DEGO:
DEGO is the same as LEGO in the DeFi world. Any DeFi protocol as a brick, It can be stable coins (DAI), Flash loans (Aave, Compound), DEX exchange (Uniswap and Balancer), derivatives (Synthetix), insurance (Nexus Mutual). Around this underlying protocol, we will build a new dapp to increase the value of DeFi, create a diversified investment portfolio and generate large financial returns for users, and become a gateway to the future of financial services.
In our perspective, DEGO is a LEGO in the DeFi world different from MAKER DAO, COMPOUND, YFI and even SUSHI recently in terms of diversity, creativity and fairness. We hope DEGO will become a work of art in the blockchain world that represents freedom, equality, openness and innovation.
The DEGO team is very grateful and feels even more motivated by the many investment offers we received from VC and Angel even though we could not accept them because of our community governance mechanism. Apart from Presale and 1% airdrop, other DEGO tokens can only be used after DEGO DAO governance approval. DEGO is a complete governance token and we hope to spread around the world. Everyone can participate in DeFi equally and be part of the DEGO ecosystem.
What is DEGO?
DEGO wants to create a DeFi ecosystem, although not all details have been disclosed, and DEGO wants to create an environment where people don't need a centralized organization and where they are truly free and valuable. While doing this, they compare their style of creation to the lego toys we all know and enjoyed playing with as children. While every piece of Lego is worthless put together, a great product can come out of your way. DEGOIa wants to create a structure with every step in mind, like legos that can work completely in harmony with each other by eliminating all mismatches in the DeFi world and can be part of a beautiful whole when they come together. This project will be designed as fully open source and those who wish to be able to access the data and code they want to learn by going to the project's github page.
DEGO wants to prioritize its modularity while creating this distinct ecosystem. He knew that by putting the same parts together in different ways, a new whole would be formed more than the linear sum of the parts. If we wanted to give an example of this, you could understand by thinking that a computer made of not very valuable plastic, metal and a few simple circuits is worth much more than its parts. You can also compare the lego pieces that will make up the whole and the legend values once done.
Two Stages of DEGO DAO:
Phase I Made Internally
The DEGO Team members come from different backgrounds and cultures around the world. Our shared interests, values and vision unite us to form a unique and stable team. In order to achieve full openness and transparency of initial project decision making, we will select 5 internal representatives based on the current team composition to decide on the initial operation of the DEGO Protocol.
We will assign the Governance permit of each contract as a multi-signature wallet, and make adjustments and decisions through the 3/5 decision-making mechanism.
Initial income will also be pooled into this multi-signature wallet to achieve governance goals by the founding team.
Stage II Transfer of Power to the Community
After a certain period of normal operation of the project, the community determines the multi-signature holder through a proposal and voting mechanism. DEGO DAO is designed to be run by community members in a clear and transparent manner. The community can vote on proposals to change system parameters and align individual desires for profit with the best interests of the protocol.
The POWER calculation formula is:
1 / We divide the user into three ranges according to the amount staked:
a) Worst range: the user with the most number of bets
STRENGTH = 1 * amount staked
b) Best range: users with medium bet amounts
STRENGTH = 5 * amount staked
c) General range: the user with the smallest stake
STRENGTH = 3 * amount staked
Suppose User A bet 10 LP Tokens and is currently in the same range, then the POWER is 10 * 3 = 30 POWER
The numbers of the initial three ranges are, [10, 10, total number-20]
When the total number of users increases by 100 people, the worst range and the best range increase by 10 slots, up to a maximum of 50 people.
If the user stakes less than three days, 10% of the income is deducted during the withdrawal and transferred to the dividend pool.
With the DEGO Protocol, we can achieve a more decentralized and sustainable liquidity mining ecosystem.
DEGO Presale planned for Sept 12 (Great Time TBA)
Presale details:
Total supply: 2,100,000 DEGO
Limits: 750 ETH for No whitelist requirement (1,425,000 DEGO)
The presale will consist of 3 rounds with an alternative fee and there is no specific time limit between each round, when the first round is sold out, the second will start immediately.
Round 1: 0 ETH - 150 ETH
Price: 1ETH = 2500 DEGO
Maximum: 5 ETH
Round 2: 151 ETH - 450 ETH
Price: 1ETH = 2000 DEGO
Maximum: 5 ETH
Round 3: 451 ETH - 750 ETH
Price: 1ETH = 1500 DEGO
Maximum: 5 ETH
Limits: 100 ETH only for 50 whitelisted users (150,000 DEGO)
Price: 1ETH = 1500 DEGO
Maximum: 2 ETH
Limits: 150 ETH for Developer Community Supporters (525,000 DEGO)
Price: 1ETH = 3500 DEGO
Maximum: 10 ETH
Token Info:
Token Distribution
Token supply: 21,000,000 DEGO
Pre-sale supply: 10% of the total supply (2,100,000DEGO)
Uniswap liquidity: 5.25% of the total supply (1,102,500 DEGO)
Mining fees: 80% of total supply (16,800,000 DEGO)
DEGO DAO: 3.75% of the total supply (787,500DEGO)
Airdrop: 1% of the total supply (210,000 DEGO)
NOTE:
Uniswap initial liquidity
700 ETH & 1,102,500 DEGO
Uniswap Listing Price: 1ETH = 1496.25 DEGO
DEGO Inflation Rate:
When the client moves the DEGO token, i.e. when calling the exchange and transfer interfaceFrom the brilliant agreement interface, 5% of the exchange fee will be deducted, 2.5% of it will be destroyed immediately, the remaining 2.5% will be transferred to the profit pool.
For more information, please visit the link below:
Website: https://dego.finance/home
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Medium: https://medium.com/@Dego.finance
Discord: https://discord.com/invite/xJjSJrd
GitHub: https://github.com/dego-labs
AUTHOR:
Username:Damkar58
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1925168
Telegram Username: @Damkar58
ETH Address: 0xFa468a5de2759AC15f1191d9A78240F2e7B137B0
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