PART 1. Introduction of DEGO Finance DeFi project and community questions.
Hello, Satoshi clubbers and guests of this site. When you were a child most of you play with LEGO. Today we introduce LEGO for big boys and girls. Meet the DEGO Finance, the LEGO of the decentralized world, building an ideal decentralized financial ecosystem through a diverse combination of NFT+DeFi.
The plan of AMA session:
- Part – Introduction and preselected questions.
- Part – Live questions
- The Quiz about DEGO FINANCE project
The reward pool is 1300$.
Leading the AMA our clever and fun admins:
@madamlobster and @GoldRocket27
The Representative of the project:
Jonathan @Dego – @JonathanDego – product lead
[email protected] @pj_1988 – Dego.finance’s core dev
Introduction of a crypto project.
Gold Rocket | Satoshi Club:
Good evening Satoshi clubbers! We are starting today’s AMA-marathon with Dego.
Jonathan @Dego:
Hi all
Gold Rocket | Satoshi Club:
Welcome to Satoshi Club, @JonathanDego and @pj_1988!
Hello ladies and gents
Gold Rocket | Satoshi Club:
Thanks for joining us.
Mary | Satoshi Club:
Hi, guys, how was your day)
Our pleasure
Gold Rocket | Satoshi Club:
Let’s warm up. To be begin with, please tell us a few words about yourselves and how did you get to be involved in Dego.
Was pretty busy as we are releasing our major product NFT market today.
Gold Rocket | Satoshi Club:
Great news!
Mary | Satoshi Club:
Oh, i am sure you are very busy) but still found time to come here😀
Yes the release is pretty much done and we’re thrilled that you could arrange this AMA for us. We really appreciate this invitation.
Mary | Satoshi Club:
And we appreciate it very much👍
Gold Rocket | Satoshi Club:
we are very glad to have you here!👍
Mary | Satoshi Club:
So, let’s start with the intro😀
Serg | Satoshi Club:
I‘m Javert, one of Dego.finance’s core dev, cannot say much about myself since all founders have taken the vow of silence. Dego core team has remained anonymous till this day. Sorry, now you will be able to post links/images
I see
Jonathan @Dego:
This is Jon, I’m the product lead, as mentioned we’ve taken the vow of silence. I hope you all pay more attention to our products rather than our identity.
Mary | Satoshi Club:
Of course, and your product is amazing.
3 years in the industry, I’m still a rookie when it comes to AMA Ha-Ha. As we devs seldom do these things.
Mary | Satoshi Club:
Lol,😀 Every is great, I am sure we will have a great time👍
Absolutely! It better be good so I have something to explain to my wife why I’m doing this during bedtime.
Mary | Satoshi Club:
So, tell us more about how DEGO started and which latest news you have now👌 Ahaha, greetings to your wife from Satoshi Club 😀
Gold Rocket | Satoshi Club:
Ahaha..good chance to do it😄
Jonathan @Dego:
I’m happy to meet another happy user.
Haha, considering the gender ratio of this industry, that’s too many greetings from males to her. I might have to spare her from that one.
Mary | Satoshi Club:
Yes, but as you see ladies are also here😂
Gold Rocket | Satoshi Club:
Does your wife love crypto too?
She doesn’t have a clue haha.
Jonathan @Dego:
God Enough conversation about your lady, We all know you love her dearly.
Mary | Satoshi Club:
Ok, guys, maybe we will start with questions from our community?)
Yes, we need more female entrepreneurs in the tech space! Yes
Jonathan @Dego:
Let’s rock and roll
Mary | Satoshi Club:
Gold Rocket | Satoshi Club:
Ladies love crypto too. 😁 Rock you!
Preselected questions
Mary | Satoshi Club:
Q1 from Telegram user @boresen
On the DEGO NFT Auction, the most valued NFT was Satoshi. Coincidence or not, the name of our group is satoshi as well. What was its price? can we still buy it? to have the Satoshi NFT for the Satoshi Club.
Jonathan @Dego:
The Satoshi NFT was auctioned for 127 ETH, it has a face value of 10,000 DEGO tokens. The owner can decompose it into DEGO tokens. So this NFT actually has an intrinsic value.
Yes, you can still buy it if the owner decides to sell in on the NFT market which we are about to launch tomorrow.
BTW this is the 2nd gen of our NFT market.
Mary | Satoshi Club:
Oh, you have NFT market launch tomorrow? Second generation?😀
Jonathan @Dego:
Yes, it will be launched on BSC first, then ETH.
Mary | Satoshi Club:
You’re waiting for ETH2.0? If yes, can you kindly explain how it differs from 1st gen?😉
Gold Rocket | Satoshi Club:
Tell us more about it … it’s very interesting!
Sure.
Jonathan @Dego:
NFT Market V2 will be launched on BSC soon! 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 transactions will be supported in the upcoming section, and payment in DEGO will be supported in the next version.
We are not waiting for the ETH2.0 but closely watching. ETH has a lot of problems we all agree, Jams and expensive gas fees. But ETH is unquestionable the best blockchain to launch Dapps.
Mary | Satoshi Club:
Yes, that’s why I am asking. It’s the mother of all mothers😂
Why we are doing BSC. I have written about it and will share it here:
Many approached me and the core team regarding our recent choice of launching Dego.finance as Dapp on Binance Smart Chain. I explained multiple times and here I’d do it again.
“Why BSC over Cosmos, EOS, Tron, Solana, etc.?”
We did seriously examine all popular chain besides Ethereum. We show respect to engineers; there is infinite potential to make breakthroughs, and we have more chances to succeed.
Why do people care about which blockchain we build on now? Are we all crypto-fundamentalists overnight? Ordinary users cannot perceive the underlying chain when using a product.
For Dego, the priority is user experience and the biggest complaint we encounter is the expensive GAS, which is an inherent flaw of Ethereum.
Having a compact dev team, we cannot just deploy on multiple chains. We did get offered to integrate to Solana from Seraum team, which we appreciate because Serum and its affiliates have the best pro-geekiness support. But a waste of manpower is counter-productive since we have a very clear roadmap and exciting products to deliver.
BSC in our opinion is the best choice, with faster integration and lower GAS, for an “Ethereum Dapp” like dego.finance that aims to deliver and scale.
Dego is not exclusive to any blockchain, and you will see us running on multiple chains. We are also brewing original protocols to be interoperable with all blockchains. USERS matter more than the underlying blockchain. Without community, DEGO would be worthless. BSC is the first footprint.
Mary | Satoshi Club:
And what about the second NFT generation? It’s really interesting to know)
It supports more NFTs, guarantees the authenticity of NFTs, and lowers FEES!
Mary | Satoshi Club:
It’s one of the understandable explanations I ever had👍😀 Great, wen 3rd gen?😂
No one ever asked about 3rd Gen! Haha would love to know about users’ thoughts. But we are thinking about linking it to DEX also innovate on “Blind box”
Mary | Satoshi Club:
I think they can mix it with questions and ask it in the Second part, btw😉 it’s a hint, Satoshiclubbers Wow, it will be interesting.
A blind box is a lottery draw process where you pay a certain amount of money while in exchange for sth uncertain but you could win big. Like Pokemon, MTG cards. Sorry for the nerdiness but it is awesome.
Mary | Satoshi Club:
Wow, this will be really awesome) you have a lot of ideas for the future)
Yes, we do.
Mary | Satoshi Club:
And thank you for your answers) ready to go to the next question?
Innovation is our edge. Also lighting fast execution on dev and product delivery. Plz, do.
Gold Rocket | Satoshi Club:
USERS matter more than the underlying blockchain. – these are wonderful words
Jonathan @Dego:
By all means my lady
Mary | Satoshi Club:
And you deliver amazing things😉
Q2 from Telegram user @Splendicity
Many projects prefer to stake their own token so as to increase more adoption and encourage holders. Why do you prefer to use USDT (stable coin) as a means of staking to earn $DEGO rewards? Any mutual benefits?
Jonathan @Dego:
In the early stage, we did promote Stable coin, which is to encourage fairness and scattered token distribution. Now we prefer NFT staking and mining, where you can lock tokens and mint an NFT but still use it to mine more coins
Mary | Satoshi Club:
Can you explain all processes of NFT staking?)
Jonathan @Dego:
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 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.
I have some examples here
Mary | Satoshi Club:
Sure👍
DEGO has seen a successful NFT Mining Campaign with KuCoin. BTW this is ongoing anyone can participate.
Mary | Satoshi Club:
How much time to mine left?😉
1 month ahead
As the second pool just started.
Mary | Satoshi Club:
Wow, I need to think about participating😂
Also, we have an ongoing campaign with Bounce on BSC
Gold Rocket | Satoshi Club:
I want to participate.
Jonathan @Dego:
Gold Rocket | Satoshi Club:
Thank you! Be sure to do it after AMA
Mary | Satoshi Club:
Wow, so many campaigns 😀
We named the Bounce NFT as BOT X Æ A-i, BOT X Æ A-ii ……
As Ironman himself/Elon Musk’s new baby is called X Æ A-Xii.
Mary | Satoshi Club:
It reminds me of Elon’s son😂
Gold Rocket | Satoshi Club:
😂 funny
Mary | Satoshi Club:
Oh, you were first 😂
Yes, and the mine is called GigaFactory Nevada and ShanghaiSo you can mint an NFT of BOT X Æ A-i and put him into work.
Gold Rocket | Satoshi Club:
You have a great sense of humor😁
Mary | Satoshi Club:
Your imagination is wild😂 Great, guys, we will check every campaign, and sure, some of us will join some😀
Jonathan @Dego:
That’s the KuCoin campaign btw
Mary | Satoshi Club:
Are you ready to go forward to the next question? 👍 we love Kucoin, we recently had AMA with them.
Jonathan @Dego:
Sure
Gold Rocket | Satoshi Club:
Q3 from Telegram user @Thienzoro
I got to know DEGO through your airdrop. I hope to be able to participate in those airdrops once again. And my question is: If from the airdrops I get the trophy and I don’t sell those trophies, what benefit will come from holding it and what does it help me to stake? For example, between diamond cup and wooden cup, how much more profit will diamond cup benefit from compared to normal and with wood cup? Whether the $ DEGO stake is finished, will it reduce productivity or quality of the cup? And the price of the trophy?
I think there might a typo here. We have six gradea of Picks. Not cups, So NFT can be decomposed into DEGO tokens. That’s why I’m saying there is intrinsic value.
Mary | Satoshi Club:
Decomposed?
Yes all of our NFT has a par value of certain amount of NFT tokens.
Mary | Satoshi Club:
Oh, got it
Also you could participate in more mine coming up in the future like the kucoin one and the bounce one.
Gold Rocket | Satoshi Club:
Me too.
Jonathan @Dego:
So out NFT is not just an art but represent a number of tokens you sell or trader in the future.
And you can trade on NFT market too.
Mary | Satoshi Club:
From tomorrow, right? On DEGO market?
Right now you can trade on 1st gen of NFT market. Tmr you can trade on 2nd Gen.
Mary | Satoshi Club:
Thanks, it’s clear😀 So, ready to go to the fourth question?
Yes
Gold Rocket | Satoshi Club:
Q4 from Telegram user @Pratze
Actually your NFT project with DEGO Hammer is quite famous and unfortunately I miss my chance to get it from your airdrop. Is there any other way to get the NFT ‘hammer’ beside from airdrop? Did you do open presale for that NFT ‘hammer’?
Yes. You can do it in the Dego Foundry where users can lock desired number of single kind of ERC20/BEP20 tokens and mint an ERC721 token. That is your NFT. So in the future you can Mint NFT with any token and any art. And put it into mining, trading, auction and lending.
Mary | Satoshi Club:
Any Art?
Yes of course, Any art.
Mary | Satoshi Club:
It can be any existing NFT on Ethereum blockchain?
Mary | Satoshi Club:
For example, I can buy any NFT on rarible and go to DEGO Foundry and use it there?
Mary | Satoshi Club:
I want Steve😂
Yes, you can do it on rarible. Then cast your desired NFT.
Jonathan @Dego:
BSC
Mary | Satoshi Club:
Wow, never thought it is possible 🤦
Gold Rocket | Satoshi Club:
It’s incredible
Mary | Satoshi Club:
It’s really very helpful AMA, a lot of new knowledge. So, we won’t stop and will go forward to the next question, right?😀
Yes, Plz. How many questions are there? No rush
Just need something to throw at my wife.
Gold Rocket | Satoshi Club:
Q5 from Telegram user @Jonahapagu
First of all, I will like to Compliment your website design It looks nice, unique and quite simple to use..on your website I saw three products that are yet to be launched “Hunter” “Dividends” and “Dwitch” can you explain what these products are and when they will be launched.
Mary | Satoshi Club:
Two more in this part and 10 in second😂
Ok, I’ll put her to sleep.
Gold Rocket | Satoshi Club:
You better teach her about crypto😁And you will have something to talk about before bed😉
Jonathan @Dego:
“Hunter” and “Dwitch” will remain mysterious till they are finished and “Dividends” is rather straightforward and will be launched by end of Nov.
We have sth very unique on “Dividends Pool”
Mary | Satoshi Club:
New opportunities?😉
Existing NFTs and modules will be used
Mary | Satoshi Club:
Ok, so we need to wait for the announcement?😀
Yes sorry you have to Mary
Mary | Satoshi Club:
We will😀 don’t forget to share this news with Satoshi Club and we will follow your news also👍
Will do!
Mary | Satoshi Club:
Then let’s go to the 6th and last question from this AMA part)
Jonathan @Dego:
Plz
Gold Rocket | Satoshi Club:
Q6 from Telegram user @sumione
The supply of NFT is so high. So will there be burnings of NFT to maintain the value or to stop it from being devalued?
Yes, it is high. But every single NFT has a par value and it is locked in the contract.
Mary | Satoshi Club:
So, half of them are locked?
It is not only digital ownership of your tokens but also equipment in the games. It is GameFi.
Mary | Satoshi Club:
Like DeFi, but GameFi?
Locked or not has ZERO impact on DEGO prices.
Jonathan @Dego:
Play to earn, Staking games. Defi can be more interesting.
Mary | Satoshi Club:
And how many users do you have now?
In the near future, we’ll have crafting, where you can merge or burn and upgrade your NFTs.
Mary | Satoshi Club:
Are your NFTs upgradable now?
ETH: NFT staked for mining: 23,526 addresses (Users) BSC: NFT staked for mining: 30,810 addresses (Users)
Mary | Satoshi Club:
Impressive numbers👍
So 54K sth, these are real addresses representing a good amount of actual users.
Mary | Satoshi Club:
That’s what distribution means😀
Later it will be
Gold Rocket | Satoshi Club:
Amazing👍
Mary | Satoshi Club:
Thank you guys, for your answers! Ready for the live part of AMA?)
And DEGO tokens holders/addresses are like 35K
Mary | Satoshi Club:
It’s really very good numbers) a lot of users.
Mary | Satoshi Club:
Ready for the live part, guys?😉
[email protected]:
Sure
Gold Rocket | Satoshi Club:
Mary | Satoshi Club:
Let’s go 🚀
PART 2.Questions about the DEGO finance project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the DEGO crypto project choose the top 15 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q – 1 from a telegram user @chunhocxitrum
Your website is designed to look like Windows 95, so why do you choose this old design?
It is the OS that I used for the first time using a PC, all dev members have a thing for the vintage. So this one goes to old school tech and nostalgia sentiments.
Q – 2 from a telegram user @MOBILE1286
Can you list a killer features project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Jonathan @Dego:
If we consider CryptoKitties and Opensea as competitors.
Why is Dego better than CryptoKitties: 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.
Why is Dego better than Opensea?
Opensea is a decentralized marketplace where NFTs are traded, while DEGO’s NFT Market offers more comprehensive services where there are no fakes.
Q – 3 from a telegram user @Atom3879
What is the total supply? Are your plans to focus on the market or to grow the community?
The current total supply is 9,893,765 DEGO, which are mined but circulation is 7,132,525
As we have an amazing deflation model where a lot of tokens are burned
Do have a look at our dashboard feature:
It is the most up to date stats. Also, Dego team is very strong at virus marketing and all past major product release saw exponential follower growth on social media channels and end-users conversion. The team plans to continue this in the next product launch.
Q – 4 from a telegram user @BERTA2020
What are the most notable benefits for users who buy their NFTs and hold them?
Dego pioneered and extended the NFT utility beyond digital ownership to Creation, Mining, Trading, Auction, and more.
Q – 5 from a telegram user @parisha89
Is this project a Global project?
Can local communities partake in it?
Jonathan @Dego:
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.
Q – 6 from a telegram user “Deleted User”
“Deleted Question”
dego.finance aspires to create something addressing users’ needs while bringing the obscure blockchain to simple but fun apps, only a few clicks away.
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.
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 applications to ordinary people for everyday use.
Q – 7 from a telegram user @eeaq15
I see that the whole concept of Dego is intimately linked to Lego. Why is that?
You see, most projects only do one thing, like Auction is one project in itself. While DEGO does digital ownership, Creation, Mining, Trading, Auction, and more.
These are like Lego bricks when two put together is a massive use case.
Q – 8 from a telegram user @brodzonl
Hello @pj_1988 👋
I notice you aren’t in DEGO group. Why is this?
I’m trying to stay focused? Our dev is better left alone and deliver products.
Q – 9 from a telegram user @seen123
With choosing to launch on Binance Smart Chain, Dego Finance will plan to list on Binance also, right?
BSC in our opinion is the best choice, faster integration and lower GAS, for an “Ethereum Dapp” like dego.finance who aims to deliver and scale.
Dego is not exclusive to any blockchain, and you will see us running on multiple chains. We are also brewing original protocols to be interoperable with all blockchains. USERS matter more than the underlying blockchain. Without community, DEGO would be worthless. BSC is the first footprint.
I have no comment on whether if we are to list on Binance or not. Sorry about that.
Q – 10 from a telegram user @eylem201
How the user can invest in DEGO? Where Dego is listed and where you gonna launch it in near future?
You can now buy it on KuCoin, Gate and MXC, and other minor exchanges. We’ll have a listing of a major exchange coming up also. fingers crossed.
Part 3 – Quiz about DEGO DeFi project
In the final part, we would like to check your knowledge in terms of DEGO.Finance. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
Our contacts for more details:
English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website
Our Crypto Partner by this AMA: DEGO Finance
[…] – Introduction and preselected […]