About Dego Finance (DEGO)
Operating across multiple blockchains, Dego Finance (Dego) serves as a protocol that integrates NFT+DeFi elements and offers an inclusive NFT ecosystem. This ecosystem allows users to create NFTs, engage in NFT mining, auctions, and trading activities.
Providing a cross-chain framework, Dego allows blockchain projects the opportunity to expand their community, distribute their tokens, and create a wide array of applications powered by NFTs. Additionally, Dego is in the process of establishing a parachain via Substrate, which is set to facilitate the transfer of NFT assets across different chains while integrating applications and foundational protocols.
The DEGO NFT Suite, a key component of Dego Finance, as per the project, presents users with a comprehensive selection of tools to manage the entire NFT lifecycle. This includes the NFT Foundry, a mechanism that allows users to mint unique NFTs of varying rarity grades by depositing DEGO, ERC-20, or BEP-20 tokens.
The NFTs minted on the DEGO Finance platform are underpinned by the tokens deposited during the creation process, meaning they can be decomposed to retrieve the original deposits. The platform also hostsĀ an NFT Mining feature, allowing users to stake NFTs and earn rewards. Auctions are another noteworthy aspect of the Dego Finance platform, with NFT auctions structured in the style of FOMO3D auctions. Additionally, the NFT Marketplace facilitates user trading of NFTs on their platform, Treasureland. Lastly, ScanDrop is a specifically designed dApp for users who want to engage in NFT airdrops simply by scanning QR codes.
DEGO is the utility token of the Dego platform and has multiple utilities like governance, to incentivize user participation in bounty hunting, NFT minting, staking, auction and trading. The current price of DEGO is available and updated in real time on Binance.Ā