Topic: DEGO - A DeFi Aggregator - Soon to Uniswap (Read 750 times)

I also have some coins and I lost money due to a sharp drop in prices ... but I didn't sell all the coins and continued to trade every day and make up for losses in the last month

I think the trend has started to fade, it will be difficult to come back again, and DEGO must make a new breakthrough so that its token is again attractive to many investors.

It's very stable right now and i think that the defi coin will not get the same hype as a few months ago and you should have kept your coin even longer consider it's quite difficult to attract people to buy the defi coins again. I have some dego and i got a small loss from my dego coins.
The price can be higher when the defi trend will be coming again.

currently dego finance has quite high volume and very good prices compared to last month. hopefully it will be even higher
so far dego has reached a price of $ 6.37

DEFI trend has gone and that became a disaster for the small cap defi projects, we need more than only an NFT coin that can be used to trade or mine with our NFT.
The majority of defi that was also offering the utility usage has been getting very big increase too.
NFT is good but the dev must also think to give utility to its token and then there will be fungible and non fungible token.

Yes, as you said, projects that are trending are the same as other defi projects after a fairly high price increase in a short time and experiencing a short decrease too ... hopefully dego finance can make the community stronger and again can make prices higher

It seems like people are starting to leave the defi market. Dego itself is not offering a good utility usage. Despite the fact this platform already developed a very interesting platform but we can't deny that if everything will depend on the trend. When people were seeing the trend was going to the major coins and they will be massively going to the top coins too.
There must be a big event to attract the buyers again.

In recent days the DEGO price has continued to decline even though there has been a slight increase but it did not last long and continues to decline, hoping DEGO FINACE can return to the price of $ 1.6
https://www.coingecko.com/en/coins/dego-finance#markets

BSC NFT Mining Pools will be launched at 1 pm UTC, 20th OCT.

You can read the BSC NFT Mining Rules here: https://docs.dego.finance/modules/bsc/minging-pools
& How to stake NFT here: https://docs.dego.finance/modules/bsc/minging-pools#how-to-stake-nft

You can read documents about NFT on the DEGO website, everything is explained there
https://docs.dego.finance/modules/dego-nft

I think what makes DEGO Team is strong is that they have members from different backgrounds and cultures across the world. This helps to cover more areas and complete any task

Well, thats explaine a lot. They just want attract investors and collected all hyped things over last time in crypto. But my question was how NFT related with DEFI hefe? Do they know what is NFT tokens?

DEGO can be considered a typical fair launch token. According to the explanation "no Founder, Foundation or Development Team, Venture Capitalist or early investor pre-allocation or pre-mining program".

Dego have a good volume on the market. Also, have a big community in their telegram group, but I don't find information about the team and their profiles.

According to the roadmap, there will be a hunter program launched soon in this month. I don't know is that will be like a campaign in this forum, but I will not miss the opportunity to grab some DEGO token.
I think the pool is that 1% reserved token, I don't think it be a big deal to the price, based what I see in cmc DEGO has good volume, so this 1% reserved token will be absorbed easily by market.

You're right, it shocking me that he's even already listed on coinmarketcap. This dego has potential to get more bigger tough.
https://coinmarketcap.com/currencies/dego-finance/markets/
Sometimes DeFi project looks interesting, just with a website that I don't think is too fancy, but can produce surprising results like this.

There's a coin called dandy dego and this has already released through the binance smart chain. As someone stated above if that link has already used as a shortcut.

Dego has already gotten a very huge demand. It has already traded on several centralized exchange sites too.

They probably haven't updated the social platform pages on the first post, twitter and medium have a problem. It has changed, you can access the following links:
https://twitter.com/dego_finance
https://medium.com/@dego_finance

that's because DEGO runs on a dual chain. (Binance Smart Chain and Ethereum Chain). That's just a shortcut / menu button to DEGO (Binance Smart Chain) while you at https://bsc.dego.finance/? then you also will see ethereum logo (binance logo replaced)

Their strategy to attract spectators. But even if their website is different from others, using the old Windows interface, honestly I don't think it will attract many users. Also, why use the term Binance here that directs to this link - https://bsc.dego.finance/?

As i see they just mixed all hyped topics in one project: Defi (liqudity and staking), Agreggator (like 1inch and some others have), and NFT. But how NFT is related here? I see that they have "NFT market" 

Relax, as I see they just did not replace the link in the op to the new one. Looks like it's changed in the name, but they not making an update in this thread. The correct one is in their website,

I really doubt that their Twitter account got banned, because the current Twitter account has the first tweet that is almost same age as this thread, so we can see they just making change in the username.

I think the correct one is https://twitter.com/dego_finance

I have been following this project since a few months ago, because it is quite interesting for me (Personal Reason Indeed)
Recently, social media seems less active because they are currently in the integration phase with binancesmartchain (personal opinion)

All who's participated on claiming DADY and DEGO NFT on ethereum chain can check you address on binancechain (https://bscscan.com/). Personally I get some GEGO on my binancechain address

all major issues can be resolved in the telegram group. Here is the link: https://t.me/dego_finance It's just that fewer and fewer people are already reading Twitter, and all the information appears in the telegram really faster.

What happened with their social platforms. I see some are still working some not. Hope the team fixes it pretty soon since this gives bad picture for the project.

thank  you _IRMAN for providing the information so everything is clear now about DEGO and DANDY tokens

It looks like the twitter account of dego fi was getting banned by twitter. The team didn't give any statement regarding it. The dego looks violating the rules and the dego finance account was getting its punishment.

Just hope if it will be fixed very soon.

Some people were also asking this problem in the telegroup too.

Yes, true, it is also a problem with their medium page, there is no such a page in there. It is very strange for me, why team don't do anything with that

Yes, you can get DEGO Tokens by mining using Dego NFT and DANDY you can get it by claiming Dego NFT

does the dego project have 2 types of tokens?

because the telegram link and the website are the same

https://www.coingecko.com/id/koin_koin/dandy-dego  And https://www.coingecko.com/id/koin_koin/dego-finance

What happened with Twitter account?
"The account doesn't exist"(?)
https://twitter.com/Dego_Fi

Hmm interesting, to realize the full openness and transparency of the initial decision-making of the project, team want to select 5 internal representatives based on the current team composition to decide the initial operation of DEGO Protocol.

Is this true? It's very disappointing if this is true because the hype of this project on Telegram and Twitter is quite strong but if this happens this project will be another rug DeFi project. I hope there is a clarification regarding this situation.

DEGO is a complete governance token and it can spread around the world. Everyone can participate in DeFi equally and being a part of DEGO ecosystem.

Im not sure about that it seems like what already offered was very similar to another defi. People are looking for the hunting pool and how much APY that will be offered by this project.

This time defi is not about the usability of the platform but it's about how much APY that can be given by the creator to the stakers or the buyers.
it looks like this one will be offering high APY for the yield farmer. Hmmmm we will see that.

DEGO used a set of deterministic algorithms for liquidity mining, convert the LP token staked by users into POWER (similar to the hashrate of Bitcoin mining), and getting earnings through them.

It's interesting to see different ideas coming to the Defi Space and there are so many yield aggregators now, Liquidity pools and so on. I would love to know what makes your project tick and what would be the two or three unique ideas you bring into this space. I know everyone is riding the YFI and Yam bandwagon but it will be nice to see something pop up that would make me want to put my hand in my pocket and invest in, other than for a quick gain here and there. I will do mroe due diligence and see if it peaks my interest to take a punt or not.

They want to build a new dapp to enhance the value of the DeFi, create diversified investment portfolios and generate substantial financial returns for users.

 avoid another rattle.

Some hyped defi have already faced the downfall trend like YFIE, NEWTON, the late joiners will always become the loosers but the pumper will always become the winners.

Some people have their own perceptions regarding these defi. There are so many copy cats defi in the market and that makes them all must be feeling worried about the possibility to join in the fake defi.

Uniswap is only a swap service and any token can be listed on there instantly. The audit for DEGO is actually needed.

Judging from the appearance of the website, this project is very interesting. This is the first time I have come across a crypto project with a website design as unique as this. But what I'm confused about where is the team? i can't find it on the website.

Well, they are still since they are the bridge of potential scam/s if they'll audit every project to be listed there then the risk will surely decrease. It's not about being greedy but sometimes one that triggers people to buy was through deception.

If somehow Uniswap is kinda a regulated one then surely as I said it will decrease. I don't know if that's a feature of them a regulated one because I haven't really used Uniswap yet.

Project team want to 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.

It is not a fault of Uniswap any DEX can't put any kind of filter there to stop listing any project. Only greedy people buying all kind of DEFI tokens without doing any research about their future. Everyone want to become rich so every project is rising rapidly right after the launch like what happened in 2017.

Most DeFi projects will soon see their downfall. And Uniswap will be known as exchange of crap tokens. Be ready for users who will regret joining this hype and blaming these DeFi projects. But the blame should be put into these buyers who are driven by greed.

The LEGO theme that has already used by DEGO looks very good choice,

How it could be a stable coin like DAI? I think that if the features that already offered were also similar like what already offered by another defi project too.

Im just putting this one in my watch list today. I heard that deg will launch its own net in the next days and it looks very interesting.

What worries me is why they have to be anonymous and I think I only encounter a DeFi project that's anonymous because some DeFi are clearly presenting themselves.

More like we are still testing the waters in this phase, people should be aware that with the current DeFi boom potential scammers are always in there, maybe a pump and dump scenario something like that. Design of a website doesn't define exactly if they'll succeed or not. I noticed too that there isn't whitepaper as well.

yes, the site is very unique, but this official thread is very simple
anyway this is another defi project that born on ethereum blockchain right ?

If nothing else, their website is designed unique, using the 90s version of windows. But not really helpful in my opinion.
Though it is too early to tell what's gonna be the fate of this project, but investors should be very vigilant.
As we encounter DeFi and Uniswap in most crypto projects launched lately, user should dig deeper if the project has good foundation to begin with.
Because if not, forget the hype because most of them will disappear in few months time.

DEGO equals to LEGO in the DeFi world. Each DeFi protocol as a brick, It could be the stable coin (DAI), flash Loans, DEX exchanges (Uniswap and Balancer), derivatives, insurances.

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.

Design is very nice) The website is empty and not filled, I do not ask why the website is not finished the first time and then the project is presented

Basically, DEGO is a DeFi aggregator. You can think of it as a platform or ecosystem.

Website Telegram Discord Twitter Medium GitHub

Core Mechanisms

LP Token
When you deposit DEGO tokens into the Uniswap liquidity pool, you will get the UNI-v2 LP token, which is the key to enter the DEGO ecosystem.

DEGO Inflation Rate
When a user transfers DEGO token, that is when calling the transfer interface and transferFrom interface of the smart contract, 5% trading fees will be deducted, half of it will be put into the dividend pool and the rest will be permanently destroyed.

Liquidity Mining Pool (yield farming)
User can mine DEGO tokens after staking UNI-v2 LP into the Liquidity Mining Pool. Liquidity Mining Pool with 40% of total supply (8,400,000 DEGO). The halving is every 2 weeks

Rewards Pool

Sources of tokens in dividend pool:
trading fees of DEGO
Liquidity Mining bonuses

Governance Allocation
We aim to finally achieve complete decentralized governance. The community decides the operational mode and future development direction of the system by voting.

* Adopt multisig wallet
* Governance Frameworks
* Proposal Discussions
* Fee Allocations
* Value-Added Incentives
* Pool Additions & Amendments

1）Hunting pool （like yvault）
2）Auction
3）many more...depends on community

We are in contact with Tron/Polkadot for participating in their ecosystem.

Token Distribution
- Token supply: 21, 000, 000 DEGO
- Presale supply: 10% of total supply ( 2,100,000DEGO)

Before the pre-sale, we will put everything on Github, and we will do Smart Contract Security Audit.

1）Cap: 750 ETH  6.79% of total supply ( 1,425,000 DEGO)

Sale Price
0 ETH - 150 ETH      1ETH = 2500 DEGO     Maximum:5 ETH

151 ETH - 450 ETH      1ETH = 2000 DEGO     Maximum:5 ETH

451 ETH - 750 ETH      1ETH = 1500 DEGO     Maximum:5 ETH

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 2)  Cap: 100 ETH for whitelisted users 0.71% of total supply ( 150,000 DEGO)

1ETH =1500  DEGO
Maximum:2 ETH

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3)  Cap: 150 ETH for team 2.5% of total supply ( 525,000 DEGO)

1ETH = 3500 DEGO There is no pre-mining or private sale for this project. All team members participate in the token sale just like others of the community.
Maximum:10 ETH


After the pre-sale, we will deposit 700 Eth + 875,000 DEGO in Uniswap for adding liquidity, and this super LP will be lock for 28 days so that other LP holders can mine more DEGOs. After 28 days, the income generated by this LP will be sent to the rewards pool.

===========================================

- Uniswap Liquidity: 4.167% of total supply (875,000 DEGO)

- Liquidity mining rewards: 40% of total supply (8,400,000 DEGO)

- Governance reserved: 40% of total supply (8,400,000 DEGO)

- DEGO DAO: 4.833% of total supply (1,225,000 DEGO)

- Airdrop 1% of total supply ( 210,000 DEGO)

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I am not a member of this project, I'm just here to post on behalf of them.