DEGO Overview
- What is DEGO?
DEGO Finance is a decentralized financial ecosystem (DeFi) built on the blockchain that utilizes NFTs (Non-fungible tokens). They describe themselves as the “LEGO of the decentralized world” because their platform allows users to create, issue, auction, trade and manage the lifecycle of NFTs. They accomplish this by using modular components that can be combined to create new functionalities. DEGO offers a variety of features including: an NFT ecosystem, a cross-chain Layer 2 infrastructure, and a governance token (DEGO).
- Main Features
- Defusion: Platform for NFT AIGC (Generative AI)NFT Foundry: Tool for NFT creationAuctions for NFTsDecentralized GovernanceParticipate in NFT airdrops by scanning QR codes
Frequently asked questions
NFT minting on Dego Finance's NFT Foundry required creators to deposit EGO, ERC-20, or BEP-20 tokens. The token deposits made during the minting process serve as the collateral for Dego Finance's NFTs, which can be decomposed to release the deposited tokens.
Token staking on Dego Finance involves locking up tokens in designated staking pools to earn additional rewards or voting power in governance decisions.
FOMO3D stands for Fear Of Missing Out 3D. These auctions incentivize early participation by offering progressively lower prices for bids placed sooner. As the auction progresses, the price gradually increases, creating a sense of urgency for potential buyers.
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