Thứ Sáu, 13 tháng 11, 2020

REVIEW PROJECT POOLZ DEFI


INTRODUCTION

Decentralized finance is among the most common facets of cryptography and the cryptocurrency market and still expands as the sector's markets expand more and more. New innovations are being constantly implemented in the market to address the need to provide businesses to entities with outstanding services powered by blockchain technology. For this, it is necessary to be prepared with outstanding and sublime strategies and processes for this modern technology and initiatives.

Poolz is a DeFi-enabled decentralized Layer 3 swapping protocol. The Protocol links potential investors and shareholders, providing possibilities for easier funding for ambitious ventures and enabling partners quick access to swap pools. As Layer 3 swap protocol, Poolz can close the gap amongst crypto start-up companies and investors by providing them with a scalable network to stable, open, and distributed liquidity quickly and easily. That is because the blockchain developers are seeking a stable method of accessing funds through which the Poolz network has established a decentralized framework.

The crowdfunding process has been simplified mainly for start-up firms. It provides fair access to a decentralized selection of assets. The platform would relieve the pressure of tough businessmen unable to collect funds to grow their revolutionary project. The open, safe, and 100% autonomous fund collection mechanism helps initiatives to obtain access to funds.

WHAT IS POOLZ? 
Poolz is a DeFi platform that choose to create a sound communication and interaction between innovators and investors. There are many benefits to enjoy being an innovator or an investor on the Poolz platform. Investors will be able to easily access pools present on the Poolz platform even if the poolz is an old one or a new one. This is achieved because of the Poolz platform's UI which runs like that of a marketplace and makes the choosing of different pools by the investors seamless.
Poolz DeFi platform was introduced because projects need to embrace liquidity in order to hold valuable trading pieces on Decentralized Exchanges. There is therefore a need for a decentralized and genuinely cross-chain ecosystem that will enable project owners to easily work around their prohect's pre-listing liquidity auction. This is an advantage for layer-3 swapping protocols like the Poolz platform.

HOW POOLZ WORK ?

Diag 01.png

Unlike other DeFi where there is a partial centralization, Poolz is a fully decentralized, non-custodial, and trustless ecosystem where investors can leverage the platform to discover promising and disruptive projects with high potential value

POOLZ SOLUTIONS

Market is becoming competitive and challenging due to recent fast pace developments in crypto community as a whole. This has caused many projects to change strategy and they now have to seek liquidity investments for their tokens. Which only favour early investors more with more and higher returns.
Poolz will solve these by providing different great features like :

  1. Trustless ecosystem
    Poolz have used React Native to build the responsive Poolz UI, along with an intuitive information architecture for a compelling UX. And this will make the project more user friendly than others, there will be no scalability issue and this project won't be able to get tampered by any king of bugs.
  1. Secured with Solid back-end smart contract
    With this, Poolz ensured optimal security while achieving complex member variables, hierarchical mapping, and layered inheritance in the MVP. And also, Poolz is non-custodial by which all funds on the platform are held in auditable smart contracts.

THE ACTIVITIES OF PROJECT OWNERS AND LIQUIDITY PROVIDERS ON POOLZ

assets_poolz-defi_-MIZ8vmjHUX4VnXKy9Eb_-MIZAlZjfPBcESmhkhkL_2.png

FEATURES OF POOLZ DEFI:

  1. Poolz DeFi is a completely Decentralized, non-custodial, trustless layer-3 Swapping Protocol.

  2. Clients of Poolz DeFi will have the option to change the boundaries by their democratic force. That will be executed by its administration model.

  3. Poolz DeFi is an open-source venture. In this way, everybody has secure admittance to its code.

  4. Poolz Defi is a Decentralized venture. The only network can control it. The engineers can't abuse the undertaking.

  5. It offers upgraded and improved agreement engineering.

  6.The trendsetters will have a lesser gas charge for enrolling their pools contrasted with other market norms.

(POZ) TOKEN

POZ token: POZ token is an ERC20 token that can multipurpose utility limits. POZ token is used for help, adventure improvement, token devours, and Governance. It is a weighty and key instrument for both Liquidity Providers (LP) and Investors in Poolz Platform. Holding POZ token qualified them for a couple of open entryways in the stage. Budgetary authorities who contributed and hold POZ token can stake their token in the stage insightful arrangements for more compensation. Also, holding POZ token qualifies the holder for projecting a polling form right and participating in the stage organization.

POZ TOKENOMICS

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(POZ) TOKEN SALE METRICS

Hard and fast (POZ) SUPPLY: 5,000,000

SEED SALE: 240,000 (POZ) offered at 0.455 USD

PRIVATE SALE: 360,000 (POZ) @ 1USD rate . Singular Cap can't go above $2500 USD where 20% is conveyed quickly the business day and 20% after a month of arrangements. The rest 60% conveyed in which 20% are conveyed for an extremely significant time-frame till the finish.

Closeout POOLZ: 150,000 Unit of POZ at the movement of $1.6USD

UNISWAP posting will be reported later on.

USE CASES OF THE POZ TOKEN

3ejZQFLqXedKXKhURftPy84eomd8RrXz7cdRVqibg7x2e15zJvKpoEY52NU17pbDdTvSwUMN4QchfaVv32iYKnc9rXpACDbX7KWTgpRnovmqFJJTSRuuocyV8vKek7Sx3wpZ9uZNmzW4RNrvYeKkb7M5EC1ixPS48evYNmx5bzgMn2Rk8WarEKqc9uEvJ.jpeg

Here are some of the applications and the scenarios where you can use the Poolz (POZ) token both within the Poolz ecosystem and other Automated Market Makers (AMMs) and Decentralized Exchanges (DEXs):

STAKING

As a POZ token holder, you are eligible to use the same for staking purpose. In that case, you are staking your POZ crypto token so you can generate passive income even when you don’t trade on cryptocurrencies and Alternative Coins (Altcoins).

Worthy of mention is that the opportunities in the staking are available only to POZ token holders that stake their POZ tokens in designated Ethereum ERC-20 token standard digital wallets.

VOTING RIGHTS

Aside from constituting one of the most formidable DeFi ecosystems, Poolz DeFi is also creating a distinct Decentralized Autonomous Organization (DAO) ecosystem. It is via the ecosystem that you can use your Poolz (POZ) token to vote for or against major decisions taken on the platform.

Also, you need to stake POZ tokens in specific digital wallets so you can be a part of the governance team on Poolz DeFi.

WRAPPING UP

You can now be among the early adopters and investors of new Decentralized Finance (DeFi) projects that would be launched via the Poolz Decentralized Swap Launchpad.

The additional benefits including using your Poolz (POZ) token for multiple transactions are also part of the benefits you stand to enjoy if you become a part of the Poolz DeFi ecosystem now.

CONCLUSION

Poolz opens an imperative Decentralized Funding structure in Crypto Ecosystem. Poolz has created to disturb and decentralize the liquidity bargains system. The system has been arranged with the end goal that will encourage multi-chain interoperability which will fortify the Decentralized Financial structure (DeFi). Poolz platform will offer a cross-chain stage where adventure using diverse blockchain systems is allowed. Pool Creators will have the choice to Define their choice of blockchain while Creating Pool in the platform.

Get familiar with Poolz platform by following the official connections beneath:
Website: https://poolzdefi.com/
Discord: https://discord.gg/RgPjgUY
Medium: https://medium.com/@Poolz
Telegram: https://t.me/PoolzOfficialCommunity
Twitter: https://twitter.com/Poolz__
Join Poolz Community: https://t.me/PoolzOfficialCommunity
LitePaper: https://docs.poolzdefi.com/whitepaper/litepaper

AUTHOR:

#PROOF OF REGISTRATION
Forum Username: Dermi Cool
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2780928
Telegram Username: @Derla_C

My ETH: 0xE62fD08c892e0321b1f15D5658eCBF32105352A4

Thứ Ba, 3 tháng 11, 2020

Review KingSwap - King of DeFi DEX Extending the Frontiers

 

Decentralized exchanges (DEXes) are a prominent application within the DeFi space, and play significant role in actualizing a truly decentralized blockchain universe. True DEXes enable users to trade tokens in a decentralized, anonymous and noncustodial way. Prior to 2018 when Uniswap V1 was launched, existing DEXes were struggling to be popular and useful until Uniswap came to the scene.

The advent of Uniswap is epochal in the blockchain ecosystem as it largely solved the low liquidity problem common to DEX with its innovative automatic market maker (AMM) protocol. This solution enables users to trade or swap tokens with smart contract rather than with other traders. This feature became an attractive tool for various DeFi crypto projects to harness, which thus cemented Uniswap's status as one of the leading DeFi protocols. Today, the volume of transactions done on Uniswap rivals that of top centralized exchanges. The success of Uniswap has led to the birth of other similar protocols such as Sushiswap, Pancakeswap but with very little improvements.

The DeFi industry is constantly undergoing evolution, so it is time to move past the age of Uniswap and upgrade the foundational protocol to a new phase that meets the fast paced demand of DeFi and its users.

There are still rooms for improvements in the. AMM DeFi protocol. Answering to this call for advancement of Uniswap is KingSwap.

Today, I am going to discuss a Kingly project as its name implies, Kingswap! I will tell you and explain its features, advantages, and as to why this is the pioneer for the DEFI pools and other DEFI perks. This blog will help you with that. Let's start from the introduction of KINGSWAP and its vision and mission:

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I/What is KINGSWAP?

---> KingSwap is the latest innovative DeFi DEX protocol with improved features superior to Uniswap solution. KingSwap leverages Uniswap protocol and builds on it adding extra features that makes DEX protocol more efficient, valuable and attractive to users. By providing off-ramp fiat conversion, lucrative yield and staking rewards, and non-fungible tokens (NFTs), KingSwap elevates the game beyond the past and present, into a new future of open finance.

As an AMM protocol, KingSwap automatically creates a liquidity pool of listed tokens which are traded by smart contracts (liquidity pools) and not an order book as obtained on earlier DEX (like Etherdelta or centralized exchanges. This way, users can easily swap one ERC-20 token for another without any trusted party, KYC or token custody.

KingSwap is built as an upgrade to Uniswap with the addition of new attractive features that further align with the priorities of the blockchain community, especially pertaining to autonomous community governance and incentivization. With the introduction of King token, the proprietary token of the platform, KingSwap offers additional liquidity and opens new opportunities to liquidity providers and stakers to earn more rewards. Early LPs on the KingSwap platform benefit from various secret airdrops apart from a colossal

The accumulated benefits of this new incentive program can potentially revolutionize the DeFi industry.

II/ Features and competitive advantages of KINGSWAP

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  1. Ultra-High Yield 10,000 rewards per block

In this type of market-making platform, only Kingswap has their $KING tokens to be deployed at a rate of 10,000 rewards per block. When we say per block, it is the blocks that are being verified and the transactions that are being mined by the validators in the blockchain particularly in the Kingswap liquidity pools. All are being recorded. Those transactions, swapping, real-time oracle pricing, rewards per block, and who has the most active trading pairs being traded in the Kingswap platform.

Just imagine guys, there will be 10,000 rewards per block that will be verified on the Kingswap platform. Talk about being generous for the community right? That is how big time is the Kingswap platform. Perfect for a king! Of course, the higher your liquidity being provided in the platform, the higher will be your rewards as well. That is how liquidity rewards work in Kingswap.

2Rarely unique design of the KING tokenomics

The Kingswap token and its ecosystem is designed to give the best rewards to those who are providing liquidity and how the Kingswap token can also be used for swapping to different kinds of cryptocurrencies or even swap to other crypto to buy KINGSWAP NFTs! The KING tokens in the near future, I predict that it could be the governance tokens of the Kingswap ecosystem as well!

3.Staking rewards that can be found only on Kingswap

KING tokens is no joke. Other cryptocurrencies have staking mechanism as well but will earn you peanuts. Unlike with KING tokens, once you have staked the KING Tokens and HODL it for a longer time, the algorithm of the Kingswap platform will reward you more for the longer the stake and the larger the stake you have. Aside from that, they do have additional incentives for being a staker on the platform and being a liquidity provider at the same time.

4. Built-in Crypto-to-Fiat conversion with Debit card for KING token ecosystem

This one for sure is not being seen in other DEXes and other AMMs. Only Kingswap! When we say crypto-to-fiat conversion, you do not need to transfer it to a licensed and regulated by your central bank to where you are living. Example, as an American, you need Coinbase. Then from Coinbase to your bank account. That is 2 ways before you go and get your money. What Kingswap is doing here is that there is a built-in off-ramping of FIAT conversions for you. Therefore, no need to go somewhere just to convert those crypto. Kingswap got it all for you! They will also be the one to have the debit card. Therefore, it is A VISA and Union Pay as I saw it in their video as well. Amazing!

5. Legal and licensed professional team and company of Kingswap

If you are about to invest into something, or even join their ecosystem especially in crypto, you need to check always if it is legal in its operations in the country of origin and its subsidiaries. Aside from that, you also need to check the licenses of the company that will operate. I am happy to say that Kingswap guys has all of those legalities and different licenses to operate so you will be safe to earn and get to be a part of the Kingswap community more.

6. Cheaper transaction fees than other AMMs

Other automated market maker such as UNISWAP and like Balancer and CURVE costs more than 0.3% -0.5% transaction fee or liquidity provider fee compared to Kingswap's 0.25% liquidity provider fee! Therefore, you would be able to get more tokens when swapping compared to other platforms! Now that is a swapping platform and team with a heart.

7.Multiple liquidity pools and LP token yield farming pools

One of the videos that I found with the Kingswap community is that they will deploy many more liquidity trading pairs to have more choices especially to those who wanted to yield farm as well of KING tokens, they can migrate their Uniswap LP tokens to Kingswap platform and liquidity mine $KING tokens! That is amazing concept to make!

III/ What is KingSwap NFT?
A close watch of the DeFi ecosystem shows the emergence and popularity of a new class of digital set called NFT.

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NFTs, Non-Fungible Tokens in full, are tokenized version of assets, digital or real-life. NFTs are unique, indivisible, and non-interchangeable with another. Developers are exploring the vast potential of NFTs in tokenization of various assets such as real estate, special in-game collections, art, precious stones, and so on.KingSwap NFT is a special crypto collectible that is designed to provide creative ways of participating in the blockchain digital economy and earn passive income via loyalty rewards issued by KingSwap project. Kingswap NFTs are in 3 tiers: King Camp, Queen Sparkle and Knight Lancelot, offering benefits (as loyalty rewards) in the form of KING token and future airdrops from projects launched via KingSwap DEX at 60%, 30% and 10% respectively.

You can purchase KingSwap NFTs by clicking on this link to be an early supporter and beneficiary of the loyalty reward.

IV/ Advantages of Using KingSwap DEX

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Anonymous

All transactions, swap, token exchange, liquidity provision, on KingSwap exchange are completely anonymous. No need for user KYC or identification. The platform is non-custodial with no central authority.

Secure
The KingSwap protocol is as secure and decentralized as the Ethereum network. All transactions are done right from the user wallet connected to the platform. Similarly, Kingswap smart contracts are secure since it is a fork of Uniswap protocol.

Instant Access to New Tokens

On KingSwap, anyone can create a new token pool paired with ETH to generate liquidity for that pool. This way, KingSwap provides users with instant access to swap new tokens with ease and speed.

Regulated
KingSwap DeFi is the first DeFi DEX to be regulated, conforming to strict regulatory standards. Unlike several other crypto projects which are faceless and suffer from exit scams, KingSwap is led by a team of credible and notable individuals.

Low Transaction Fees

All it costs to use KingSwap is a small 0.25% fee per trade lower than the 0.3% transaction fee charged on Uniswap and Sushiswapl. This improvement will further aid and encourage trading on KingSwap.

Trustless
KingSwap is entirely trustless and permissionless. Users are in custody of their tokens and are at liberty to trade them directly with the available liquidity pools.

Hyper Yield Reward System
KingSwap provides a high-yield reward in different ways. Kingswap offers 10,000 KINGS token per block to be shared among LPS apart from sharing the transaction fees accrued from swappers. Also both LPs and NFT holders who stake their KINGS token for the stipulated minimum time benefit from multiple secret airdrops including additional KINGS token and tokens from other projects promoted on the platform.

Lucrative Staking and Yield Farming Incentives
KING token stakers enjoy several benefits, especially when the tokens are staked for a longer period. Yield farming is highly lucrative on KingSwap, offering huge rewards to farmers. Some of these incentives include high staking rewards, 0% King’s Card Transactions fee, and exclusive merchant benefits (free Spotify, and so on).

Off-Ramp Fiat Conversion
KingSwap also provides solutions for users to convert their tokens into fiat via the OTC portal using KingSwap VISA-issued debit cards. This way KingSwap DEX users can easily operate between both traditional and blockchain worlds.

V. ROADMAP

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October 2020----> This is the stage of the presale of NFT tokens. This is presently being done at the time of this writing. So guys, please buy your limited edition NFT from Kingswap now! This is the month as well where the Kingswap launched and there is even a live event on Facebook from Block Tides here: KingSwap Facebook Live

November 2020 ---> This is when the liquidity migration will start for the Kingswap community. Wherein from Uniswap, they can transfer their LP tokens to Kingswap to earn more rewards and be incentivized as well. Aside from that, the Kingswap team will be launching their governance token for the Kingswap ecosystem which is as you know, you need to have $KingSwap tokens. If you were to ask me, what is governance tokens?

These tokens are being initially minted by the Kingswap team and these tokens will be the ones to be used for the voting of a proposal or initiating of a proposal for the community to have the project keep moving forward. The governance tokens can be used as voting rights as well by voting a 'yes' or a 'no' on the proposed changes for the ecosystem. There will come a time in the Kingswap ecosystem wherein the governance voting will be fully decentralized and all decisions will be made by the KING governance token holders.

LAYER 2 Upgrade introduction---> If you are into DEFI for quite some time now, you would be aware of the word 'Layers'. or layering upgrades. I am glad to tell you the news that Kingswap is the first swapping platform that will do the Layer 2 upgrade immediately! Amazing right? What is Layer 2? To summarize that, Layer 2 upgrade is when you take the transactions 'off-chain' to have more space for the layer 1 and not having too much gas fees to be charged. Aside from that, congestion will be lowered down with Layer 2 upgrades.

November 2020 to Q1 of 2021 Onwards---> As you can see on the screenshot, the Kingswap team has up their sleeves for KING token holders moving forward December of 2020, 1st quarter of 2021 onwards! As there will be exclusive deals and other types of rewards and airdrops incoming to those holding KingSwap Defi KING tokens and Kingswap NFTs!

VI/ KINGSWAP's bigtime royal team

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VII/ The Kingswap's Royal Advisors

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The conclusion

Large financial institutions and astute entrepreneurs are rushing to learn more about this exciting technology. However, if you also want to profit from this venture, one of the most important things you need to do is choose the best crypto exchange that is right.

KingSwap is the UniSwap branch that will challenge Sushiswap and Uniswap! KingSwap will provide new features which are not yet available on Sushiswap and Uniswap. KingSwap will maximize the DeFi protocol and become a better Decentralized Exchange platform compared to Sushiswap and Uniswap so that many participating parties can feel the impact of the "real" DeFi

MORE INFORMATION

KingSwap Website: https://www.kingswap.io/
Discord: https://discord.gg/fD2DrJY
Telegram group: https://t.me/kingswap
Twitter: https://twitter.com/defi_kingswap
GitHub: https://github.com/KingLuigy/KingSwap
Youtube: https://youtube.com/channel/UCAHiU9LLE3cDauSfTWIB97Q
Reddit: https://www.reddit.com/user/Defi_KingSwap
Instagram: https://www.instagram.com/defi_kingswap
Facebook: https://www.facebook.com/King-Swap-112444093946760
Linkedin: https://www.linkedin.com/company/kingswap

Author :
Bitcointalk username: Lionxian
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2822678
ETH: 0x77004fB4261D0d3711328853D6E9Bc4B1CD94408

Thứ Bảy, 26 tháng 9, 2020

Review Project DEGO - Building A Profitable and Sustainable DeFi Ecosystem

 The spate of boom of decentralized finance (DeFi) has been overwhelming in recent times, with new DeFi projects springing up in the space. The sentiment around DeFi has become a honeypot attracting a large number of new investors and developers.

New DeFi startups strive to recreate existing legacy financial system in a way that unleashes the potential trapped in decentralized finance through the creation of various instruments that mirror or track different traditional financial assets without leaving the decentralized crypto environment. These innovations could be decentralized exchanges (DEX such as Uniswap), lending, borrowing, staking, synthetic assets and others. Many DeFi applications enable users to earn new tokens through yield farming and liquidity mining. The energy and excitement are rapidly rising.

However, recent events are showing the dark side of some DeFi products, especially with the yield earnings promised by many DeFi applications newly launched in the market.

The Problem
The terrific growth of DeFi in recent times is apparently driven yield farming and liquidity mining concepts. However, it has also attracted a lot of people or yield farmers driven solely by profits and greed. This narrow view of DeFi has resulted in many DeFi projects having a very short life cycle as people jump from one project to another in search of quick gains.
Liquidity miners can easily pull out liquidity from one project and move it out into another one or simply cash out. This sort of approach to DeFi investment is not sustainable as many projects may fizzle out or be unable to attain their full potential.

In a bid to solve this problem, a new top-tier DeFi project, DEGO, has come up with feasible solutions that will ensure sustainability of DeFi innovations.

What is DEGO?

IMG-20200914-WA0107.jpg

DEGO is a DeFi protocol that aims to extend the decentralization, longevity and sustainability of DeFi applications via adjustable liquidity mining. With DEGO, the dark sides of DeFi posed by unsustainable yield farming and liquidity mining are solved with more focus on the long-term preservation of various DeFi products. DEGO aims to protect the entire DeFi ecosystem, including investors and decentralized finance instruments available in the market.

There are so many gems hidden in the DeFi ecosystem but investors can only harness few due to limited financial resources available at their disposal. DEGO leverages DeFi protocols in a smart and sustainable way to ensure that users benefit from diversified DeFi investment portfolio in staking and liquidity mining offerings.

Just like a LEGO, DEGO combines and integrates any DeFi Protocol. Whether it is a stablecoin, decentralized exchange (DEX), lending and borrowing, derivatives, or decentralized insurance, DEGO further extends the value around these protocols, where each can seamlessly fit in as building block. DEGO is the perfect decentralized application (dApp) to help users harness various DeFi products without limitation while maximizing financial returns.

How DEGO works
Many DeFi projects are at the risk of ending prematurely as whale farmers jump from one DeFi ship to another. DEGO has designed a protocol that addresses this unsustainable practice. In a bid to resolve this issue, DEGO has developed a liquidity mining with the algorithm adjusted to ensure sustainability.

DEGO utilizes a set of deterministic algorithms to generate and distribute rewards for liquidity mining, to convert the liquidity provider (LP) token staked by users into POWER, and to generate rewards via the staked tokens (where power is the product of the staked LP token amount and the coefficient of correspondence). This means that tokens in the pool are shared based on an algorithmically determined model. Through this means, DEGO will be able to create a better and more sustainable DeFi ecosystem of liquidity mining for all users.

The image below shows more information about this.

IMG-20200914-WA0105.jpg

DEGO Token
DEGO is wholly a governance token designed for voting in DEGO DAO governance. DEGO provides equal access and opportunity to all token holders to partake in DEGO ecosystem. As a DAO, DEGO is carefully created to be community-driven in order to ensure its full decentralization and transparency of operations. Therefore, the community holds decision-making power and will be able to vote on proposals.

IMG-20200914-WA0108.jpg

DEGO Token Information
Token supply: 21,000,000 DEGO
Presale supply: 10% of total supply ( 2,100,000 DEGO)
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 (787,500 DEGO)
Airdrop: 1% of total supply ( 210,000 DEGO)

Conclusion
Overall, DeFi products are trustless, permissionless, and open access to everyone regardless of financial status, age, or geographic location. DEGO gives everyone the freedom to access benefits of open finance through sustainable liquidity mining mechanism. DEGO, unlike many unaudited experimental DeFi DAO projects, has completed its security audit, further demonstrating its legitimacy, transparent, security focus on DeFi sustainability.

Looking for a sustainable DeFi project to farm, DEGO is the right choice.

Useful Links
Click on the following links to get more information about DEGO:
Website: https://dego.finance/home
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs

Author: Arkadiy9
BTC URL: https://bitcointalk.org/index.php?action=profile;u=2723852

Rview DEGO.FINANCE - Building A Profitable and Sustainable DeFi Ecosystem

 The spate of boom of decentralized finance (DeFi) has been overwhelming in recent times, with new DeFi projects springing up in the space. The sentiment around DeFi has become a honeypot attracting a large number of new investors and developers.

New DeFi startups strive to recreate existing legacy financial system in a way that unleashes the potential trapped in decentralized finance through the creation of various instruments that mirror or track different traditional financial assets without leaving the decentralized crypto environment. These innovations could be decentralized exchanges (DEX such as Uniswap), lending, borrowing, staking, synthetic assets and others. Many DeFi applications enable users to earn new tokens through yield farming and liquidity mining. The energy and excitement are rapidly rising.

However, recent events are showing the dark side of some DeFi products, especially with the yield earnings promised by many DeFi applications newly launched in the market.

The Problem
The terrific growth of DeFi in recent times is apparently driven yield farming and liquidity mining concepts. However, it has also attracted a lot of people or yield farmers driven solely by profits and greed. This narrow view of DeFi has resulted in many DeFi projects having a very short life cycle as people jump from one project to another in search of quick gains.
Liquidity miners can easily pull out liquidity from one project and move it out into another one or simply cash out. This sort of approach to DeFi investment is not sustainable as many projects may fizzle out or be unable to attain their full potential.

In a bid to solve this problem, a new top-tier DeFi project, DEGO, has come up with feasible solutions that will ensure sustainability of DeFi innovations.

What is DEGO?

IMG-20200914-WA0107.jpg

DEGO is a DeFi protocol that aims to extend the decentralization, longevity and sustainability of DeFi applications via adjustable liquidity mining. With DEGO, the dark sides of DeFi posed by unsustainable yield farming and liquidity mining are solved with more focus on the long-term preservation of various DeFi products. DEGO aims to protect the entire DeFi ecosystem, including investors and decentralized finance instruments available in the market.

There are so many gems hidden in the DeFi ecosystem but investors can only harness few due to limited financial resources available at their disposal. DEGO leverages DeFi protocols in a smart and sustainable way to ensure that users benefit from diversified DeFi investment portfolio in staking and liquidity mining offerings.

Just like a LEGO, DEGO combines and integrates any DeFi Protocol. Whether it is a stablecoin, decentralized exchange (DEX), lending and borrowing, derivatives, or decentralized insurance, DEGO further extends the value around these protocols, where each can seamlessly fit in as building block. DEGO is the perfect decentralized application (dApp) to help users harness various DeFi products without limitation while maximizing financial returns.

How DEGO works
Many DeFi projects are at the risk of ending prematurely as whale farmers jump from one DeFi ship to another. DEGO has designed a protocol that addresses this unsustainable practice. In a bid to resolve this issue, DEGO has developed a liquidity mining with the algorithm adjusted to ensure sustainability.

DEGO utilizes a set of deterministic algorithms to generate and distribute rewards for liquidity mining, to convert the liquidity provider (LP) token staked by users into POWER, and to generate rewards via the staked tokens (where power is the product of the staked LP token amount and the coefficient of correspondence). This means that tokens in the pool are shared based on an algorithmically determined model. Through this means, DEGO will be able to create a better and more sustainable DeFi ecosystem of liquidity mining for all users.

The image below shows more information about this.

IMG-20200914-WA0105.jpg

DEGO Token
DEGO is wholly a governance token designed for voting in DEGO DAO governance. DEGO provides equal access and opportunity to all token holders to partake in DEGO ecosystem. As a DAO, DEGO is carefully created to be community-driven in order to ensure its full decentralization and transparency of operations. Therefore, the community holds decision-making power and will be able to vote on proposals.

IMG-20200914-WA0108.jpg

DEGO Token Information
Token supply: 21,000,000 DEGO
Presale supply: 10% of total supply ( 2,100,000 DEGO)
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 (787,500 DEGO)
Airdrop: 1% of total supply ( 210,000 DEGO)

Conclusion
Overall, DeFi products are trustless, permissionless, and open access to everyone regardless of financial status, age, or geographic location. DEGO gives everyone the freedom to access benefits of open finance through sustainable liquidity mining mechanism. DEGO, unlike many unaudited experimental DeFi DAO projects, has completed its security audit, further demonstrating its legitimacy, transparent, security focus on DeFi sustainability.

Looking for a sustainable DeFi project to farm, DEGO is the right choice.

Useful Links
Click on the following links to get more information about DEGO:
Website: https://dego.finance/home
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs

Author: Arkadiy9

BCT URL: https://bitcointalk.org/index.php?action=profile;u=2723852

ETH: 0x77004fB4261D0d3711328853D6E9Bc4B1CD94408 

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