DEGO FINANCE: UNLOCKING THE FEATURES OF THE DECENTRALISED FINANCIAL SERVICES (DeFi)
One of the most important features or characteristics of blockchain technology system is decentralisation. And decentralisation simply means that power is evenly distributed or dispersed away from an underlying central authority. What decentralisation does is that it offers every single user within the blockchain space equal opportunity to become one of the network systems many payment processors. Another feature of the blockchain technology system, which will basically be the highlight of this article is the " decentralised finance ".
Decentralised finance in common literal sense explains a basic experimental form of peer to peer finance which is basically running on a cryptocurrency blockchain mostly the ethereum network. Decentralised finance can also be represented with the acronym " DeFi". Having understood what decentralised finance is, it is therefore paramount to understand it's relevance in respect to Dego.Finance.
UNDERSTANDING THE DEGO.FINANCE PLATFORM
In recent times, the interest in decentralised finance (DeFi) has recorded a huge tremendous increase due to the fact that the system only encourages the disruption of centralised finance by the basic use of smart contracts thereby does not necessarily require the role of intermediaries in carrying out dealings. Other findings said to have sparked a rising interest in defi is that it presents exceptional services like: the opportunity to borrow as well as lend cryptocurrencies in other to earn interest in return. Also it create an exchange derivatives of a real word asset, defi also presents opportunities to buy cryptocurrencies known as stablecoins that are pegged to the value of a particular currency or commodity.
Despite all the exploration and opportunities presented by DeFi, it is therefore paramount to understand that in the normal basic Defi system, funds, time as well as chances within the said system is limited and thus users can not fully catch all investment opportunities therein but with the Dego.Finance, things will be different.
The DEGO.FINANCE system will adopt a basic modular design and modularity in this concept points towards the combination of numerous various elements of a product to kind of create a subsystem that posses specific functions. The platform will therefore combine these subsystems as a basic universal module together with other modules to make possible a new system that posses multiple functions as well as performance ratings. Dego will basically serve as the LEGO in the DeFi world and with each defi protocol acting as a brick, the platform will build and launch a new dApp system that will make sure that the values of DeFi are properly enhanced thus setting in place diversified investment portfolios as well as generating substantial financial returns for users. With the Dego platform, the entrance to the future of financial services will be fully unlocked.
THE DEGO TOKEN
As a blockchain based platform, the Dego platform will therefore generate it's own basic utility token that will enhance and play major roles on the platform while fulfilling all the basis of an Erc-20 compatible token. The token will be minted using the Liquidity Mining process and holders will be entitled to a lot of benefits on the dego platform. The token will be known as the DEGO FINANCE TOKEN and for the purpose of simplicity will be tagged with the acronym DEGO
FOR MORE INFORMATION ABOUT DEGO FINANCE PLATFORM.
Join the Telegram Group: https://t.me/dego_finance
Follow on Twitter: https://twitter.com/dego_finance
Writer’s Bitcointalk Username: Aakay
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2351546