MEXC Exchange: What is Degis Token and What makes Degis Token Unique?

venus1100 · May 12, 2022

Degis is the first Avalanche-based next-generation all-in-one protection protocol. Degis will provide comprehensive protection to users and traders, as well as a decentralized protection market, eventually bringing scalable risk management to the crypto world.

DEG (Degis Token) is a cryptocurrency.

DEG is a utility token that was created to specifically serve the Degis Ecosystem. It is also empowering people by giving them a say in how the Degis Platform is run. With every decision made, DEG holders will have a voice.

Mining：Mining is designed to incentive Degis ecosystem contributors. Based on the participating situation, we will make adjustments accordingly.
Staking：DEG will be rewarded to stakers who stake their DEG. Holders can set lock-up time to increase the allocation weight. The original weight for flexible staking is 1x, and the weight increases linearly to 2x when the lock-up time increases to 12 months.
Purchase incentive：Buyers will get buyer tokens when they consume on Degis platform, e.g. get 12 buyer tokens after consuming $12. Buyers can deposit their buyer tokens in the incentive pool. The pool will burn the inside buyer tokens every 24 hours and rewards DEG to buyers according to their share.
veDEG: The contribution of Degis participants has two scales: time duration and capital size. To better recognize it, we are implementing the veDEG system. veDEG is the most important token in Degis internal ecosystem. With veDEG, users can boost mining yield as well as govern the platform.

What makes Degis Token Unique?

It automatically and the oracle will monitor the validity of the claims. In oracle model, Degis builds a decentralized oracle network to provide tamper-proof oracle services. The oracles are rewarded with DGX tokens for their services. In meta market, Degis creates a decentralized insurance platform that allows users to buy, sell and trade insurance products. The DAO model is a Decentralized Autonomous Organization that allows users to vote on and manage the insurance products.

Degis is a company that uses blockchain technology to solve the two key problems in the traditional insurance market, which are excessive operation cost and non-transparent claims. To solve these problems, Degis has developed 4 types of protection models: the token model, the oracle model, the meta market model, and the DAO model.

A protection aggregator is Meta Market. The Meta Market allows you to trade any existing protection protocols, protection NFTs, and protection tokens. Meanwhile, users may easily create their own protection products by changing a few simple variables and then trading them on the Degis Meta Market.

Degis uses AI algorithms to anticipate the price of each protection product and sells it as an NFT in the Oracle model to buyers. Liquidity providers can put money into the mutual cover pool to share compensation risk and the risk premium, while buyers get protection.

In the DAO model, a DAO with all members as participants provides discretionary mutual protection, which is backed by smart contracts.

Degis will reward the platform's most devoted users in a variety of ways. Buyers, dealers, and providers will all get compensated. Degis has created an LP mining pool with veDEG boosting functionality to encourage LP suppliers, as well as a buyer incentives pool to reward protection buyers. The most dedicated platform users will be able to share platform revenue in the future, as well as play and earn in the treasure box.

How to trade Degis token(DEG)?

Degis token(DEG) was listed on MEXC Exchange. People can find DEG/USDT trading paris on spot.