What is Dego (DEGO)? Latest information about DEGO Token

During the NFT and DeFi boom from 2020 to 2021, Dego Finance was one of the first projects to successfully combine these two fields. After years of operation, Dego has maintained a stable ecosystem and is restructuring to adapt to the new wave of the Web3 market. So what is the Dego Finance project? Let's update all the latest information with Allinstation through the following article.

What is Dego Finance?

Dego Finance is a decentralized platform that combines Non-Fungible Tokens (NFT) and Decentralized Finance (DeFi), allowing users to issue, stake, trade, and mine NFTs through creative mechanisms. With the goal of becoming an "NFT Station" - a central hub for all NFT-related activities, Dego creates an ecosystem where anyone can easily create and use NFTs.

Unlike many projects that focus solely on NFT collection, Dego expands NFT applications into financial functions such as staking, farming, auctions, lending, and airdrop. This helps NFTs not only have artistic value but also practical value in DeFi activities.

Dego is deployed on multiple chains like Ethereum, BNB Smart Chain, and recently zkSync Era, allowing users to interact across networks with optimized transaction costs. The project has also collaborated with major names like OpenSea, Treasureland, and was early listed by Binance on both Spot and Futures markets.

Main Products in the Dego Finance Ecosystem

NFT Foundry – NFT Minting Tool

NFT Foundry is a platform that allows users to easily create their own NFTs. Users can mortgage tokens like DEGO, ERC-20, or BEP-20 to create NFTs with different attributes and rarity. Each NFT minted through Foundry can be used in other Dego products such as staking, mining, or trading on the marketplace.

NFT Mining – Earning Rewards with NFTs

This is a mechanism for staking NFTs to receive rewards. Users can stake NFTs minted from Foundry (or supported NFT collections) to participate in mining pools. Depending on the rarity and power points of the NFT, the rewards will vary, typically DEGO tokens or partner tokens.

Treasureland – Integrated NFT Marketplace

Treasureland is the official NFT trading platform in the Dego Finance ecosystem. Here, users can buy, sell, auction, or gift NFTs. Treasureland supports multiple collections and multi-chain NFT standards, becoming one of the most active NFT marketplaces on BNB Chain and zkSync.

ScanDrop – Automatic NFT Airdrop

ScanDrop is a dApp tool that organizes NFT airdrop campaigns conveniently. Users only need to scan a QR code or access an airdrop link, and the system will automatically send NFTs to their wallet if they meet the conditions. This feature is often used by projects to distribute NFTs during community events or marketing campaigns.

Dego Chain (Under Development)

Dego is planning to launch its own blockchain (Dego Chain) to increase scalability and optimize costs for NFT activities. Dego Chain will support smart contracts, integrate native NFT tools, and provide compatibility with popular chains like Ethereum, BNB Chain, zkSync...

Upcoming Expanded Products:

• Dego Swap: A platform for token and NFT trading between users with low fees.
• Dego Lend: A system for lending and borrowing collateralized NFT assets.
• Dego Membership NFT: Special NFTs for loyal community members, used to access privileges like whitelist, higher mining rewards.

Highlights of the Dego Finance Project

Dego Finance stands out not only by combining NFT and DeFi but also by its comprehensive approach to building an independent, dynamic, and multi-chain NFT ecosystem. Some notable features include:

• Combining Non-Fungible Tokens and DeFi: Dego is one of the pioneering projects in applying Non-Fungible Tokens to the DeFi model, specifically staking Non-Fungible Tokens to mine rewards, creating real value for Non-Fungible Tokens instead of just being collectible items. This helps Non-Fungible Tokens have higher applicability, opening up many usage possibilities.
• Unique Non-Fungible Token Minting Mechanism: Users can create Non-Fungible Tokens by staking tokens (such as DEGO or other ERC-20/BEP-20 tokens) with a system of rarity classification, power points, mining capabilities, etc. Minted Non-Fungible Tokens can be staked or traded, creating a closed ecosystem.
• Multi-Chain Ecosystem: Dego supports Ethereum, BNB Smart Chain, zkSync, and other blockchains, helping users easily interact with and transfer Non-Fungible Token assets without being limited to a single platform. This promotes scalability and global user accessibility.
• Decentralized & Community-Oriented: Dego operates on a DAO (decentralized autonomous organization) model, allowing the community to vote on important changes, Non-Fungible Token listings, feature updates, etc. This mechanism helps align the project's direction with user interests.
• Security & Transparency: Dego has undergone multiple security audits from reputable third parties. Additionally, contract information, token allocation schedules, and transaction data are all publicly transparent, demonstrating the project's commitment to the community.
• Product Expansion Capability: Not stopping at Non-Fungible Token Marketplace or staking, Dego continuously develops new products like Dego Chain, Dego Lend, Membership Non-Fungible Tokens, etc., to enhance user experience and create long-term value for the ecosystem.