On 23rd November, we are pleased to host an AMA with Core dev of Dego, Javert, and product lead of Dego- Jonathan to discuss how Dego can solve today’s blockchain problem. Here’s the recap.
Intro
Javert: 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 pioneers 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 survived it, but later on I turned fully rogue on a private chain or consortium chain which are really like a prison that stops you from all adventures.
Jonathan: We have collaborated on a 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 decentralized manner.
Then it comes to the formation of Dego.finance
Blockchain has no “legs” in lack of impactful applications, while its financial infrastructure is overdeveloped, like wallets and exchanges.
We witnessed that DeFi becomes a norm that only urges people to speculate. So dego.finance aspires to create something addressing users’ needs while bringing the obscure blockchain to simple but fun apps, only a few clicks away.
Previously Dego was a very much DeFi driven project, but now dego.finance becomes an NFT+DeFi Fusion Reactor whose transparency and fairness are governed by the Law of Codes. Now we aspire to offers two things,
1) A stand-alone but open NFT ecosystem that draws users to enter 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.
AMA begins
Q1: The NFT is considered to be the digitized property of an art, but it has no impact beyond that. How does DEGO provide real utility and value to NFTs? Is your goal that they are only digital assets or tokenized versions of real assets?
NFT is now regarded as a digitalised ownership of art but it has no impact beyond that.
Dego pioneered and extended the NFT utility beyond digital ownership to Creation, Mining, Trading, Auction, and more.
NFT Mining describes a process where users can lock the desired number of a single kind of ERC20/BEP20 tokens and mint an ERC721 token, then stake the very ERC721 token in a smart contract to mine rewarded tokens.
So we have enabled the tech infrastructure for NFT and will soon propose our own protocol ERC908
Which will enable Artists to issue their own NFTs and tokens beyond the current solution,
Q2: Dego has the largest NFT community of over 100,000 members in more than 10 regional telegram groups. Congrats! Did you expect this rapid growth of the NFT community in such a short time?
The main group was 50,000 them the volunteers from Russia, Indonesia, and other regions expanded our community.
Today we announced our Ambassador Election as an incentive to reward supporters who’ve been helping us all along
Details: https://twitter.com/dego_finance/status/1330860057202855937?s=20
Q3: A very interesting referral program! Will I only get 7% of the reward from my invitee and 3% from the invitee by my user? Or are there more rewards for invitees already on the lower rungs?
Yes, only two tiers.
Q4: What is so special about the V2 Market comparing to V1?
NFT Market V2 is launched on BSC now! It will support DEGO NFT and BOUNCE NFT trading that can be paid in BNB. PANCAKE, MATH WALLET ,NFT FOR GOOD and other BSC NFT transaction will be supported in the upcoming section and payment in DEGO will be supported in the next version.
You can get all dego related NFTs there.
Q5: GigaFactory 1 and BOT NFT activities are still ongoing, do you have any guidance on how to collect BOT using BSC PICK?
Yes.
These are guides on How to cast an NFT and participate in the campaign
Stay tuned, more campaigns will come.
Q6: With Deflation Proposal-2 been a success, can you give me an insight into how this burn will have a positive effect on the price action and general development of DEGO Finance?
Yes. So we thank the community for this. it is a show of community will and fair governance.
Q7: Only 1$ percent of all DEGO are destined to Airdrops. What channels do you use for that and how often?
Plz stay tuned to our official channel and Twitter
https://t.me/dego_finance
https://twitter.com/dego_finance
Q8: NFT farming is a great idea. Can users influence the cost of NFT by their actions? What new uses of NFT do you see in the future?
There are many NFT projects in the crypto space. How will your NFT be different from what we’ve seen before? Will you have rare and expensive NFTs that will take the NFT industry to the next level?
Yes in the future. An NFT Protocol as a cross-chain Layer 2 Infrastructure to Blockchain projects for user acquisition, token distribution, and more diverse NFT applications. That means all of our NFT protocols will be open-sourced and anyone can define these things as long as they know what they are doing. This will be an opportunity where we give back to all industry and all programmers who would have such tools to create things as they see fit.
Q9: The design of the site is a videogame. Do you have plans to create a game to win some nfts?
Yes, we have created game-like products right.
We will release a new product which you can play like a game.
Q10: The interface of the Dego website is very cool and unique. What was your inspiration for that interface? What message do you want to convey with it?
Yes. Windows is the OS that I used for the first time of using a PC, all dev members have a thing for the vintage. So this one goes to old school tech and nostalgia sentiments. Also, we all love lego and Mincraft’s Pixel designs hence we incorporate that too
Q11: What is the current planning for dego project and what are your competitors or substitutes, in which way DEGO is better?
Yes. We see we are better than CryptoKitties and Opensea. CryptoKitties is a close NFT system for offering ownership and collection, while DEGO is built as an open system where anyone could issue NFT, initiate mining, auction, trading and etc. DEGO offers a whole set of protocols for doing all things through an NFT’s lifecycle. Opensea is a decentralized marketplace where NFTs are traded, while DEGO’s NFT Market offers more comprehensive services where there are no fakes.
Q12: What is the biggest challenge for DEGO.FINANCE right now? how do you plan to solve this problem for the sake of smoothness in the future?
Yes.
- Competition from other NFT players.
- How to scale the following products.
- As NFT space matures, Dego’s product matrix might be replaced by centralized products.
Where there are difficulties there are also opportunities.
- As NFT is a new crypto asset class and Dego could define what NFT could be as industry standards.
- Blockchain space is still lacking real-life impactful applications. Dego could bridge users’ needs to collect and yield-farm with a product that tens of thousands can actually enjoy using.
And dego team has over 10 years of experience combined in Blockchain/Game /DAPP development. We have fast execution of ideas and delivery of the product and very very strong viral marketing
Q13: Please tell us more about farming on your platform. How can I get NFT tokens and on which trading platform can I sell them?
Sure you can buy or cast then farm on Dego.finance. And we have an NFT market V2 just launched where you can get NFTs
Q14: How many wallets that can support $ DEGO NFT until now? And do you have any plan to build your own wallet?
Math wallet is the wallet that supports us the most so far, also you can use KuCoin MXC and gate to trade DEGO token.
Q15: How did you choose/end up with the name “ DEGO ”? What were your thoughts back then so you decided with “ DEGO ”?
Decentralized Lego, that is the initial thoughts.
-End-
