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Dego Finance and Parami Protocol Partner To Work On DeFi And Web 3.0

Dego Finance and Parami Protocol Partner To Work On DeFi And Web 3.0

Dego Finance, a stand-alone, open NFT ecosystem, and Parami Protocol, a Blockchain-Based Ad 3.0 Platform, have partnered to work closely with each other on DeFi And web 3.0. Parami will explore the possibilities of Dego in DeFi and find the entrance of Web 3.0.

The team at Dego announced the partnership on Twitter:

We are thrilled to announce that #DEGO Finance and @ParamiProtocol have reached a strategic partnership. #Parami will provide more possibilities for the exploration of #DEGO in #DEFI and join our coming INO.

What Is the Parami Protocol?

Parami protocol is a combination of the Substrate blockchain development framework and Polkadot cross-chain technology. It uses the IPFS distributed storage technology to build the next-generation digital advertising ecology.

To establish a user-centric tokenized advertising economy, Parami Protocol proposed an AD 3.0 paradigm for Web 3.0. AD 3.0 is the accelerator of Web 3.0: it is fueled by Decentralized Identity (DID) and Zero-Knowledge Proof (ZKP) technology stack.

Smart-Rewards For Parami Users

Users of AD 3.0 are smart-rewarded for attention and data: their sovereign identity is protected on a trust-free basis. Parami’s human-centric and privacy-preserving network ensures that all the parties involved with the protocol’s digital advertising share the maximum revenue. 

Parami’s grants were received from Web 3.0 at an early stage. It’s a member of the Substrate Builders Program. Some of its early investors include NGC Ventures, CMS holdings, GBV, Digital Finance Group, Genblock, Signum Capital, Axia8 Ventures, Krypital Group, Spark Digital Capital, Digital Renaissance, core members of Parity, among others.

What Is Dego Finance All about?

Dego Finance was launched in 2020 as a decentralized ecosystem that offers a diverse combination of NFTS and DeFi tools. It is currently being developed by a team that remains anonymous as of March 2021. 

Users are allowed to launch NFTs and cover the entire lifecycle of the product with mining, auctions, and trading. Dego’s NFT protocol, a cross-chain, second-layer infrastructure, allows blockchain projects to leverage user acquisition and token distribution. 

Community-Centric Operations At Dego

DEGO, the native token of Dego Finance, is an ERC-20 token minted through liquidity mining and serves as the governance and equity token of the Dego ecosystem. Holders of DEGO can participate in community proposals, voting and receive dividends continuously. 

Dego has a fair distribution system: it has no private placements or pre-mines. The Dego community can propose and elect ambassadors. The top 10 members with the highest votes receive a Dego Ambassador Medal NFT, representing Dego at industry events.

Dego enables Blockchain projects to grow their user base, distribute tokens, and develop applications powered by NFT. It is currently building a Parachain through Substrate, allowing cross-chain NFT asset transfers with the combination of applications and underlying protocols. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.