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What is Degis (DEG)?

Degis basic info

Name:Degis
Ticker:
Introduction:

In light of Bitget's latest incentive: The CandyBomb platform is hosting its first event, featuring Degis (DEG). In this article, you will learn more about the token.

Introduction

Degis is a comprehensive protection protocol developed on the Avalanche network, striving to create a decentralized protection ecosystem that caters to the entire crypto sphere. Its risk management services primarily focus on delivering insurance mechanisms to safeguard users from cyber threats and other security vulnerabilities.

What is Degis (DEG)?

Degis is the first insurance-focus project built on Avalanche C-Chain a.k.a. the smart contract chain of Avalanche. That being said, Degis designs the first comprehensive risk management tool for liquidity providers and insureds of both DeFi and NFT markets, and chooses to set up their foundation on one of the biggest Layer 1s.


The objective is to offer users a secure and dependable trading and governance experience, complete with insurance and reward systems that encourage users to actively participate in maintaining the platform's security and stability.

Avalanche themselves recognized Degis for their innovative approach to the insurance sector, and in March 2022, the Blizzard Fund and Avalanche Asia Star Fund (AVATAR) jointly led their US$3 million angel and seed financing.

How does it work?

The Degis platform uses blockchain technology to provide mutual cover to users who want to protect their digital assets. However, the platform does not have any built-in resources, so users must first stake their digital assets (such as USDC or Protection Tokens) into mutual cover pools.

Stakers get rewarded with DEG tokens for staking their digital assets into mutual cover pools, and the amount of rewards is based on the staker's contribution to the platform relative to the total amount staked. So to put it simple: The more you stake within a specific pool, the higher the rewards will be.

While staking builds up the liquidity pool, that pool can then in turn be used as protection providers. This can be done in four ways:

Token Model: Token price protection through options.

NFT Model: AI algorithms can compile insurance products and put them into an NFT. Liquidity can be added by staking, while buyers can buy protection. A possible use case could be canceled flight protection.

Meta Market: Users can create their own protection products without writing smart contracts and trading them on the meta market.

DAO Model: Mutual coverage supported with smart contracts, where all members are participants.

For a more in-depth explanation, read the official documentation provided by DEGIS.

Bitget Candybomb and DEGIS

Since the Crypto-FinTech Lab of the Hong Kong University of Science and Technology (HKUST) is where Degis is incubated, we have the opportunity to thank Hong Kong for its recent positive stance on cryptocurrencies by launching Bitget CandyBomb with the DEG airdrop.

Candybomb is a newly launched platform within the Bitget ecosystem that offers a task-based airdrop platform. Read more about the platform in depth here.

Introduction image 0

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.9426
All-time low:$0.{4}1321

DEG supply and tokenomics

Circulating supply:0 DEG
Total supply:43,000,000 DEG
Max supply:100,000,000 DEG
Market cap:$0.00
Fully diluted market cap:$2,626.9

Links

Buy Degis for $1Buy DEG now

What is the development prospect and future value of DEG?

The market value of DEG currently stands at $0.00, and its market ranking is #9149. The value of DEG is not widely recognized by the market. When the bull market comes, the market value of DEG may have great growth potential.

As a new type of currency with innovative technology and unique use cases, DEG has broad market potential and significant room for development. The distinctiveness and appeal of DEG may attract the interest of specific groups, thereby driving up its market value.

What will the price of DEG be in 2025?
Based on DEG's historical price performance prediction model, the price of DEG is projected to reach $0.0009761 in 2025.
What will the price of DEG be in 2030?
In 2030, the DEG price is expected to change by -5.00%. By the end of 2030, the DEG price is projected to reach $0.001489, with a cumulative ROI of +5567.25%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of DEG and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is DEG worth investing or holding? How to buy DEG from a crypto exchange?

If you want to buy DEG, the following information may be helpful for your investment decisions:
In the last 7 days, the price of DEG has fallen by -91.09%, leading to negative returns for most DEG investors. The market is currently pessimistic about the price trend of DEG.
It is important to note that the current price of DEG has retreated by -100.00% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether DEG is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in DEG or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of DEG, if you want to buy or sell DEG, you can consider Bitget for your trading needs. The best place to buy DEG is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Degis has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Degis. Here's a step-by-step guide on how to buy Degis on Bitget.

How to get Degis through other methods?

Using cash to buy Degis is not the only way to obtain Degis. If you have the time to spare, you can get Degis for free.
Learn how to earn Degis for free through the Learn2Earn promotion.
Earn free Degis by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Degis airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Degis through Bitget Convert, Bitget Swap, or spot trading.

What is Degis used for and how to use Degis?

The use case of Degis may expand as the crypto market and the project itself develop. Currently, you can use DEG to achieve the following goals:
Arbitrage by trading DEG: Since DEG is a frequently traded cryptocurrency, the price of DEG is always fluctuating. Earn more DEG by buying low and selling high on the exchange. Bitget spot market provides a variety of DEG trading pairs to fully meet your needs.
Earn by staking DEG: You can also generate income through financial management methods such as staking DEG or lending DEG. Bitget Earn offers a variety of financial products designed to help you earn more income from your DEG.
Send or pay DEG: If you want to give DEG to your friends, a charity, or a fundraiser, or you want to pay someone with DEG, you can quickly and easily send DEG to the recipient through their payment address.
You can also go to the official website of the Degis project to learn more about the use cases of DEG. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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DEG resources

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DEG price calculator

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DEG
USD
1 DEG = 0.{4}2627 USD
Last updated (UTC-0)
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