DeGods Announces Abandonment of Non-Fungible Token Assets to Convert to DEGOD Token

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3 days ago
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The famous Solana NFTs project DeGods officially converted all Token to $DEGOD

Degod

On September 15, the project's founder Frand DeGods announced that he would convert the entire Non-Fungible Token collection into DEGOD Token .

Immediately after that, the community was almost boiling over with this information, information about the DEGOD Token was widely discussed, from the conversion rate to the project's tokenomics.

Currently Non-Fungible Token sets can be converted into DEGOD Token at the following rates:

  • Degod: 1 Non-Fungible Token = 550,000 DEGOD Token
  • Y00ts: 1 Non-Fungible Token = 120,000 DEGOD Token
  • DUST Token : 1 DUST Token = 36 DEGOD Token
Tỷ lệ quy đổi sang $DEGOD
Conversion rate to $DEGOD

Y00ts and DUST Token will be burned in full after users convert to DEGOD Token . Users who own DeGods Non-Fungible Token can keep the Non-Fungible Token and choose to convert to DEGOD Token at any time according to their needs.

Information about DEGOD 's tokenomics is also released below, DEGOD will be issued on Solana via Raydium with an initial total supply of 10 billion Token . The ratio will be 85% of the total DEGOD supply distributed to over 41,241 Non-Fungible Token holders. The foundation fund holds 10% and the remaining 5% is used to create initial liquidation .

This project's merger and conversion could be a move to better suit the public and make it easier to support the project. Now that it is no longer a popular trend, the project's trading activities have also dropped sharply from Q3/2023 to present.

Hoạt động mua bán bộ NFT của Degods
Degods Non-Fungible Token Set Trading Activity

However, within just 24 hours of the Founder's announcement, the price of Degods Non-Fungible Token sets suddenly increased again as users rushed to buy Non-Fungible Token in exchange for the opportunity to receive Airdrop from the project.

Gía NFT degods tăng cao trở lại
Non-Fungible Token degods prices rise again

However, the project's Token conversion method is controversial for holders of rarer Non Fungible Tokens , as it only considers the number of Non-Fungible Token and not the "rarity" - which makes Non-Fungible Token stand out /

However, despite the controversy, the DEGOD Token is now listed on the CEX MEXC exchange with a trading price of $0.009.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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