Decentralized finance is also another great aspect of blockchain technology that is poised towards creating wonders in the digital world, infact some crypto-enthusiasts have described it as a very revolutionary project in the financial industry.
The sole aim of DeFi (decentralized finance) is to eschew a faster and efficient digital transaction process.
DeFi encourages peer to peer transactions in a way that efficient, fast and secured. All DeFi transactions are orchestrated using the ethereum platform using smart contract to guide it's transactions.
One of the underlying traits of every good investor is his ability to determine good investment spots and the DeFi is one of such spots. This explorations are worthwhile but your funds, time and chances are limited making it almost impossible for you to completely grasp all the investment opportunities on the table, so you have opportunity to stick with the best and one that has more value, that's why DEGO is preferable
ABOUT DEGO
The DEGO project is a new project with not just new but also sophisticated combination of elements that have been specially combined to offer multiple functions and performance. DEGO is equal to LEGO bricks in the DeFi world. Every DeFi protocol as a brick, it can be the stablecoin (DAI), DEX exchange (Uniswap & balancer), derivatives (Synthetix), Insurances (Nexus mutual) flash loans (Aave compound). All these underlying protocols and many more are what we want to build our decentralized application around so as to enhance the value of DeFi, that can create a standard diversified investment portfolio, generate substantial investment returns and become a secured gateway to present and future financial services.
DEGO is the pathway to an accelerated financial growth. Every component of the DEGO finance project has a touch of elegance and efficiency and combining them in a special way makes them become a DEGO finance project with endless possibilities and capabilities in terms of decentralized finance. The DEGO finance project is extension/upgrade on the decentralized finance because it's peculiarities are poised towards growing the fortunes of the digital and financial markets
CHALLENGES OF SOME DEFI PROJECT AND HOW DEGO BEATS ALL THESE CHALLENGES
One of the challenges with most DeFi projects is that they are majorly short spanned, making it impossible for users to rip it's benefits to the fullest. The DEGO finance project was created because it's sustainable for the finance sector.
DEGO finance is all encompassing because it offers comprehensive decentralization to buyers of all levels who will immensely benefit from it's monetary administration devoid of issues.
ADVANTAGE OF DEGO PLATFORM
Advantage of Dego
Ease with obtaining loans: securing credits from most traditional financial institutions is complex and comes with very stringent conditions, DEGO has a loan management feature that is instantaneous, fast and very simple to use.
Accessing other capital different than DEGO: the platform is not only about DEGO, there is also modalities for the platform to dish out other cryptocurrencies infact users who are skeptical about the fluctuations in the values of their investments can deposit using a stablecoin like USDT or DAI instead of using Bitcoin or tether.
Open to everyone: accessibility to DEGO is opened to everyone provided that you have a device with internet connectivity capable of holding web or decentralized applications.
Blockchain protection: blockchain in DEGO finance is strictly meant to offer DeFi related services so no oversight.
Token METRICS
Name: DEGO Finance Token
Symbol: DEGO
Network: Ethereum
Spec: ERC20
Precision: 18
Smart Contract Address: 0x88ef27e69108b2633f8e1c184cc37940a075cc02
Token Distribution and Allocation
Total Supply (100%): 21,000,000 DEGO
Liquidity Mining (80%): 16,800,000 DEGO
PreSale & Whitelist (10%): 2,100,000 DEGO
Uniswap Liquidity (5.25%): 1,102,500 DEGO
DEGO DAO (3.75%): 787,500 DEGO
Airdrop (1%): 210,000 DEGO
DEGO NFT MINING
NFT are non- fungible tokens, it's clear indication that Non-fungible token can actually redefine cryptocurrency mining to a great extent. DEGO have a powerful 3 mining pools of which it rewards its miners from, DEGO hss different grade of mining which actually represent different mining power:
BRONZE, SLIVER, GOLD, PLATINUM, DIAMOND, KRYPTONITE.
CONCLUSION
one of the standout features of DEGO is that it makes it possible for anyone to obtain loans given that securing credits from most traditional financial institutions is complex and comes with very stringent conditions, DEGO has a loan management feature that is instantaneous, fast and very simple to use.
This gives DEGO an edge over other DEFI platform and makes it one of the most desired defi platform
Website: https://dego.finance/home
Medium: https://medium.com/@Dego.finance
Telegram: https://t.me/dego_finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
AUTHOR'S DETAILS
Bitcointalk Username: Achile
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768388
Proof of Authentication: https://bitcointalk.org/index.php?topic=5272474.msg55326596#msg55326596
