DEGO.

Introduction to DEGO

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.

In our perspectives, DEGO is the LEGO in the DeFi world which differs from MAKER DAO, COMPOUND, YFI and even the recent SUSHI in diversity, creativity and fairness. We hope that DEGO will be a work of art in the world of blockchain which represents freedom, equality, openness and innovation.

DEGO team is entirely grateful and feels more motivated by the numerous investment offers we have received from VCs and angels even though we could not accept due to our community governance mechanism. Apart from the Presale and the 1% airdrop, any other DEGO token can only be used after the approval of DEGO DAO governance. DEGO is a complete governance token and we hope that it can spread around the world. Everyone can participate in DeFi equally and being a part of DEGO ecosystem.

Two Stages of DEGO DAO

Stage I Internal Created

DEGO Team members are from different backgrounds and cultures across the world. Our common interest, values and vision brought us together to form a unique and stable team. To realize the full openness and transparency of the initial decision-making of the project, we will select 5 internal representatives based on the current team composition to decide the initial operation of DEGO Protocol.

We will set the Governance permissions of each contract as a multi-signature wallet, and make adjustments and decisions through a 3/5 decision-making mechanism.

The initial earnings will also be aggregated into this multi-signature wallet to achieve the goal of governance by the founding team.

Stage II Transfer of Power to the Community

After a certain period of the normal operation of the project, the community determines the co-holders of the multi-signature wallet through the mechanism of proposal and voting. DEGO DAO is designed to be run by community members in a clear, transparent manner. The community can vote on proposals to change the system parameters and to align the individual’s desire for profit with the protocol’s best interest.

The calculation formula of POWER are:

1/ We divide users into three ranges according to their staked amount:

a) Worst range: users with the most staked amount

POWER=1*staked amount

b) Best range: users with the intermediate staked amount

POWER=5*staked amount

c) Common range: users with the smallest staked amount

POWER=3*staked amount

• For example, User A staked 10 LP Tokens and is currently in the common range, then his POWER is 10 * 3 = 30 POWER

The numbers of the initial three ranges are, [10, 10, total number-20]

As 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 staked less than three days, 10% of the earnings are deducted during withdrawal and transfer to the dividend pool.

With DEGO Protocol, we’re able to achieve a more decentralized and sustainable ecosystem of liquidity mining.

DEGO Presale was planned on 12 Sept (Exact time TBA)

Presale details :

Total supply : 2,100,000 DEGO

Cap : 750 ETH for No whitelist requirement (1,425,000 DEGO)

The Presale will comprise of 3 rounds with an alternate cost and there is no particular time limit between each round, when the first round is sold out, the second round will begin right away.

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

2. Cap: 100 ETH for 50 Whitelisted users only (150,000 DEGO)

Price : 1ETH =1500 DEGO

Maximum : 2 ETH

3. Cap : 150 ETH for Developers Community Supporters (525,000 DEGO)

Price : 1ETH = 3500 DEGO

Maximum : 10 ETH

Info Token

Token Distribution

– Token supply : 21, 000, 000 DEGO

– Presale supply : 10% of total supply ( 2,100,000DEGO)

– Uniswap Liquidity : 5.25% of total supply (1,102,500 DEGO)

– Mining rewards : 80% of total supply (16,800,000 DEGO)

– DEGO DAO : 3.75% of total supply (787,500DEGO)

– Airdrop : 1% of 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

At the point when a client moves DEGO token, that is when calling the exchange interface and transferFrom interface of the brilliant agreement, 5% exchanging charges will be deducted, 2.5% of it will be straightforwardly devastated, the staying 2.5% will be moved to the profit pool.

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
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B