DEGO Finance AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Core dev at DEGO, Javert
Product lead at DEGO, Jonathan
Product lead at DEGO, Jonathan
Hi all!
CryptoDiffer team
Let`s start from the intro:
Q1: Can you introduce yourself to our community ?
Product lead at DEGO, Jonathan
Nice meeting you all
So I have been in the space since 2016.
I joined the industry from a small blockchain firm in London, when IEO is not a thing. Most legitimate companies are doing the private chain or consortium chain like hyperledger. The company I work for was one of those pioneer that didn’t do IEO. It was a crown star in 2016-2017 in the EU, then fell pretty quickly for lack of fund.
So probably I should have done an IEO then we might have survive it, but later on I turned fully rogue on private chain or consortium chain which are really like a prison that stops you from all adventures.
We have collaborated on few small but popular projects on Eth and Tron ecosystem, and it looks like our little team is growing bigger and bigger in a very decentralised manner.
CryptoDiffer team
Q2: Can you briefly tell us what is DEGO in 3-5 sentences?
Product lead at DEGO, Jonathan
dego.finance is a NFT+DeFi Fusion Reactor whose transparency and fairness is governed by Law of Codes. Now we aspire to offers two things,
1) A stand-alone but open NFT ecosystem that draws users to entre blockchain space, where anyone could issue NFT, initiate mining, auction, trading and etc, taking care of the lifecycle of an NFT.
2) An NFT Protocol as a cross-chain Layer 2 Infrastructure to Blockchain projects for user acquisition, token distribution and more diverse NFT applications.
CryptoDiffer team
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Product lead at DEGO, Jonathan
1) Since launch in September, Dego has achieved No.1 in terms of Trading volume on Ethereum ERC721/NFT chart.
2) Also Dego has achieved No.3 in terms of GAS consumption, after USDT and Uniswap.
3) To date, Dego is one of the most popular project on NFT with most amount of Trading volume and users.
Dego pioneered and extended the NFT utility beyond digital ownership to Creation, Mining, Trading, Auction and more.
We migrated to BSC last month, and now we are the on of the most active NFT project on ETH and BSC, with a total user/addressses of over 55K(this is how much actually deposied for NFT Mining)
I belive no project has such comprehensive products and tools in the NFT arena, and we are launching three new heavy weight products in December.
1.A Secret product with a reputable crypto charity; 2.NFT Dividend Pool, 3.Our own NFT standard-ERC908
We have one Official community of over 50K members and 15 other non-official communities involving more than 100,000 users in more than 10 different countries.
CryptoDiffer team
Thank you for such interesting answers!
Let’s move to the Telegram community questions part.
Cryptodiffer Community
Q1. Your deflation changed from 2% to 0.5%. What led to this? Was it voted by the community or the decision was made by the team?
Q2. Also, do you really think a reduction to 0.5% would be good for long term price performance of the token?
Product lead at DEGO, Jonathan
It’s purely by community,
By my observation, some one with minor stake proposed this, then a group of whales voted that down but suggested otherwise.
So us the team heard you and made the change.
I think dego’s products matrix offers more than any other NFT projects or a lot cyrpto projects in general.
But people are so focused on flipping coins and not so much on what the team has actually dilivered.
We didn’t raise much and we are determined to deliver things we set out to do, the price seems irrelevant here, we’re olds fashioned that way
Cryptodiffer Community
The CORE TEAM of
Dego Finance believes in “Blockchain for Good”
Can you explain it in simple way, Is that mean that Dego Finance have plan to Revolutionize or bring Innovation to BLOCKCHAIN?
What are your plans in able to GIVE UTILITY TO NFT and Bring Blockchain into Mainstream adoption?
Product lead at DEGO, Jonathan
The core team believes in “Blockchain for Good” and has a track record of delivering Dapps that gains mass adoption. Dego is like Lego bricks in Blockchain that provides fun-to-use and easy-to-integrate products and tools. We are determined to do bring blockchain application to ordinary people for everyday use.
To date, the most prominent and real problem we solved is “Giving NFT Utility”. NFT is now regarded as a digitalised ownership of an art but it has no impact beyond that. While we enabled Mining, Auction and Trading for an NFT, so its utility goes beyond just ownership.
Cryptodiffer Community
Would they be token burn and buy back?
Product lead at DEGO, Jonathan
We have burned quite a bit of token actually, cannot say too much buyback but we are considering this.
Close to 1Million DEGO tokens have been burned so far, you could look it up on our homepage under dash board.
Cryptodiffer Community
What are the biggest barriers that Dego has overcome? Do you think it should improve even more than what it has achieved so far since its launch to be the best NFT system of all time?
Product lead at DEGO, Jonathan
The biggest problem is that the existing infrastructure is not enough to meet the our imagination for products we want to make, NFT Market, ERC908 are therefore the project
We’ve also recently spent most of our time developing the underlying protocols, which will become an infrastructure used by all.
Cryptodiffer Community
Tell us the long term vision of DEGO Finance for its users? And what plans do you have to attract more attention of people to DEGO?
What is the future trending of the NFT, in your opinion And What is the biggest flaw facing NFT today? How does DEGO try to solve the problem?
Product lead at DEGO, Jonathan
DEGO hopes to be an underlying NFT tool. No matter the project or ordinary users of the blockchain, they can interact with NFT through DEGO.
Dego will lower the barrier of using Blockchain via its NFT expedition.
NFT will be the bridge between the traditional world and the blockchain world, and dego will be a stepping stone
The biggest flaw in NFT is liquidity and NFT utility, and ERC908 will solve some of the problems
We will continue to work hard to solve these problems, as we has brought a lot of new ideas to the NFT field, we are happy to be opensourced and forked by more developers. This is much appreciated.
Cryptodiffer Community
DEGO has two NFT markets? then is there a difference between the two?
Product lead at DEGO, Jonathan
One on ETH and one on BSC, it is the same thing ,but for two networks.
Cryptodiffer Community
Your Twitter followers have exceeded 52000 and your telegram followers have exceeded 50000.
You’ve had a very rapid community growth.
How has your project managed to instill such trust in community supporters and what do you think about the importance of the community?
Product lead at DEGO, Jonathan
Thx for following us, we intensively launched a lot of products in Sep-Oct, and did viral marketing, these are results of that, very organic but rapid growth.
Community is our soil as these are user source, we appreciated your help and will repay your kindness by delivering more innovative products at your disposal.
Cryptodiffer Community
You mentioned that DEGO supply in blockchains is 21 million. But there is no mention about the amount of token supply in BSc blockchain? What about providing tokens in BSc?
Product lead at DEGO, Jonathan
Wow I have seen you in mutiple AMAs of ours, Thx my lady for following us.
We have a total supply of 21M tokens, yes, but nearly 1M tokens have been burned till now, leaving 20M and 10M have beem mined.
We might open new mine if we developed new product to burden these release but it has to make perfect sense and expand the community base, or we might as well just burn them.
Cryptodiffer Community
Why do you need donation for Dego’s project? It make me thought “Are you really ready to build an project with limited financial build?” and make me affraid if someday Dego will turnout to be scam when you bancrupt.
Product lead at DEGO, Jonathan
We still lives on the 1000ETH we raised from public in the beggining, yes it is hard to live on this only, we the founders also chipped in to help the team sustain.
It’s been a struggle but we enjoyed every minute of it.
I don’t know how you define scam, but a scam project doesn’t deliver so many quality products.
Cryptodiffer Community
Can users who hold NFT participate in the DEGO governance process?
Product lead at DEGO, Jonathan
Stay tuned, your NFT will receive more usage in the coming month!
Product lead at DEGO, Jonathan
OK guys, that’s it for today.
Cryptodiffer TEAM
Thank you for your time! Great answers!
Thank you everyone who took part today!
