Introduction
DEGO NFT is an experiment into the GameFi. NFT is now regarded as a digitalized ownership of art in most use cases, while Dego enabled Ownership, Creation(Casting), Mining, Auction and Trading for an NFT, so its utility goes beyond just ownership.
DEGO NFT is a use case based on ERC908, the NFT Protocol proposed by Dego, and it combines the concept of Game and Finance. To facilitate more use cases and mass adoption, this very protocol separated the ownership and utility. Now DEGO's NFT modules include Casting (Asset Creation), Market (Trading), Lending and etc... The team invites all blockchain fundamentalists to this adventure where we explore how NFT works. Your view, intellect and help are much appreciated.
You can trade DEGO NFT on:
Opensea: https://opensea.io/assets/gego-dego
DEGO NFT Market: https://dego.finance/home -> NFT Market
NFT Glossary
Six Grades: BRONZE, SILVER, GOLD, PLATINUM, DIAMOND, KRYPTONITE
Productivity: Every NFT has its productivity. Productivity is one of the core factors of mining efficiency
Par Value: Value of Dego for minting NFT
Mining Efficiency: The core factor of mining speed
Power: The core factor of mining yield (Power = DEGO Par Value * Mining Efficiency)
Decomposition: Users can decompose NFT to token locked in the process of creation.
NFT Casting
Users can mint NFT with any number of DEGO, ERC20 or BEP20 based tokens. To uphold fairness, the grade of NFT is randomized in the creating/minting/casting process. NFT can be decomposed to DEGO, ERC20 or BEP20 based tokens locked in the process of creation.
NFT can be staked into the mining pool to obtain DEGO
Grade
Productivity
Mining Efficiency
BRONZE
0-5000
1.1+ 0.1*Productivity/5000
SILVER
5000-8000
1.2+ 0.1*(Productivity-5000)/3000
GOLD
8000-9000
1.3+ 0.1*(Productivity-8000)/1000
PLATINUM
9000-9800
1.4+ 0.2*(Productivity-9000)/800
DIAMOND
9800-9980
1.6+ 0.2*(Productivity-9800)/180
KRYPTONITE
9980-10000
1.8+ 0.2*(Productivity-9980)/20
Power = DEGO Par Value * Mining Efficiency
Tiers：
Tiers
Range
T1
0<x≤200
T2
200<x≤500
T3
500<x≤1000
T4
1000<x≤2000
T5
2000<x≤5000
T6
5000<x≤9998
T7
≥ 9999
*The Tier Factor is related to future product of Crafting and more.
In the original mine where users mine DEGO token, If tokens staked for minng stay "staked" for less than 72 hrs, 10% of the rewards are deducted if you choose to Harvest then the deducted rewards will be transfered to the Dividend Pool. Other mines might differ.
In the original mine where users mine DEGO token, Mining Production halved in every 7 days. Other mines might differ.
Casting
GEGO (DEGO NFT) V1
NFT Casting using DEGO tokens.
GEGO (DEGO NFT) V2
NFT Casting using any ERC20 or BEP20 based tokens.
NFT Casting using ERC20+ ERC20 NFT
NFT Casting using BEP20+ BEP20 NFT
NFT Casting using NFT+NFT
GEGO V3
To be expected
Roadmap
Genesis NFT Airdrop
NFT Auction
NFT Casting
NFT Market V2
ERC - 908 protocol
NFT Crafting
Opensource NFT Protocol
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