How To Buy Dego.Finance (DEGO)| Best Crypto Exchange To Buy DEGO 2020
Trading and investing in cryptocurrencies solely relies on how well you perceive the digital asset based on its market industry. First of all, this guide doesn’t give any investment advice. Given the fact that the market value of Dego.Finance’s token DEGO doesn’t satisfy others’ expectations. It is worth noting, however, that outside of these sometimes spectacular runs from low market cap coins, often see little gains. More often than not they stagnate for the majority of the market cycle, maintaining their price if not moving in a bearish trajectory. But it is this low valuation that allows for major gains, for those savvy enough.
DeFi has grown to popularity over the last couple of months. The idea began during the earlier days from the last crypto rush, where a number of applications were introduced to support thousands of platforms. The development of decentralised banks and financial firms was one of these services. Currently, individuals have the ability to access loans, build savings accounts and use DeFi services to trade. DeFi appears to be the best thing that can usually happen to individuals. It is not without its threats, however. With tons of DeFi networks, a person may not be able to find the right services desired on a platform he or she is registered on. Hunting DeFi gems is difficult, but it can be rewarding to be an early adopter. By following a modular design, this DeFi mitigates this risk, where every DeFi protocol (Aave, Uniswap, Yearn etc) is like a lego brick in its ecosystem. As a consequence, a diverse investment portfolio for its users is provided by the platform.
What is Dego.Finance?
A new player in the decentralized finance (DeFi) industry is Dego Finance. Dego considers itself the DeFi world’s digital LEGO. Other DeFi products are used by the firm as a kind of LEGO building block that can be used to make new products. Dego focuses primarily on the liquidity ming, where users can deposit assets and receive rewards. The platform uses a different formula for rewarding liquidity providers compared to yield-farming food token themed protocols, one that makes a more decentralized and sustainable ecosystem. Dego finance calls it algorithmic-adjusted liquidity mining.
For its so-called non-fungible tokens (NFTs), Dego recently launched an auction. These are items bound to an unique code on a blockchain. There can be no copies of the object because of this, the unique code along with it acts as a kind of authentication. With computer games that use blockchain technology, the use of NFTs is increasingly becoming more common. The auction of Dego would sell the resemblances of many well-known personalities from the crypto industry, such as Ethereum’s Vitalik Buterin, Binance’s Changpeng Zhao from the Binance exchange, and thus Satoshi Nakomoto, the pseudonym of the original white paper author of bitcoin.
What’s the main problem that the project solves?
Much of the common DeFi farming protocols, such as SushiSwap, follow a whale-rewarding structure. Whales can receive enormous amounts of liquidity incentives quickly, which are typically dumped on the market. This can have a huge detrimental impact on their DeFi strategy for small-time farmers. In addition, due to high transaction costs, smaller portfolios can not transfer their funds around easily. Pretty much across the board, the craze has caused various DeFi protocols that in the long run do not have sustainable ecosystems or tokenomics.
Dego deals with this by offering a suite of deterministic liquidity mining algorithms. When a user places LP tokens on the network, they are converted to “POWER” to decide the amount of rewards they will earn. In Bitcoin mining, you could compare POWER to hashrate. The formula places less emphasis on the staked amount involved, and more on the total number of participants. This is why there is also a special referral service offered by Dego Finance.
What are the main use cases of DEGO?
The Dego platform token (DEGO), with its emphasis and benefits resulting in the Dego ecosystem’s smooth operations, is a utility token built on the erc20 blockchain. The DEGO token has tremendous advantages for both users and holders of the Dego network. It serves as a reward to stake and mainly as a governance token on the Dego platform. Also, the use of the DEGO token would further facilitate transactions and activities carried out on the Dego network.
Where can I buy DEGO?
There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, you’ll have to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.
To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:
- Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
- Reputation: A well established, long-standing exchange is a much safer option.
- 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
- Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
- Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
- Interface: The site should be easy to navigate, even for crypto beginners.
- Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
- Uptime: Avoid exchanges with lots of downtimes.
- Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.
Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects, hence, where you can buy DEGO.
KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.
KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.
The Best Crypto Exchange To Buy DEGO 2020
There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think helping them build a better ecosystem for us, traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.