What Is Ducky Egg(DEGG)?
Ducky Egg is the token that powers DuckyDeFi financial protocol. Use cases of DEGG include the following: Staking in Pools to earn free tokens Providing liquidity in Liquidity Pools Use in Yield Farming Minting of Ducky NFTs (Part of Roadmap) Deflationary Mechanics As for now, This is yet to have an active burning mechanism implemented. They will conduct votes over time and work with the community towards common goals, which include deflationary mechanics in the future.
Ducky Egg Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Ducky Egg |
| Short Name | DEGG |
| Circulating Supply | 8,613,444.00 DEGG |
| Max Supply | 500,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
DEGG Price Live Data
The live Ducky Egg price today is $0.014686 USD with a 24-hour trading volume of $22.17 USD. They update the DEGG to USD price in real-time. This is up 7.70% in the last 24 hours. The current CoinMarketCap ranking is #7805, with a live market cap of not available. The circulating supply is not available and a max. supply of 500,000,000 DEGG coins.
If you would like to know where to buy Ducky Egg at the current rate, the top cryptocurrency exchange for trading in Ducky Egg stock is currently DuckyDefi. You can find others listed on crypto exchanges page.
Why DuckyDeFi?
Not just me and not just you, it’s us. In DuckyDeFi, they believe in the motto “By Community, For Community. They want to be as transparent and as fair as possible. That’s why they adopt a fair launch protocol: NO PRE-MINT, NO SEED, NO IFO, and NO PRESALE. What’s even more, is that trading fees are lower than other decentralized exchanges too!
The core Finance Products
- Ducky Swap:
- Instantly swap tokens at low fees
- Supply liquidity to earn proportionate of 0.17% transaction fee whenever the pair of assets are traded
- Ducky Farm:
- Stake LP tokens and earn DEGG. Higher exposure to market fluctuation but higher APR
- Ducky Pool:
- Stake DEGG and earn other tokens for free. No other hassle.
DEGG & Other Tokens
DEGG
Ducky EGG (DEGG) is a CRC20 Token native to the Cronos Chain, and serves as our platform’s native token. It is a utility token and a reward token.
CRO
CRO is the native token that will serve to pay transaction fee (gas) on DuckyDeFi and other applications in Cronos ecosystem.
Other CRC20 tokens
Except for native CRO, all other tokens are CRC20 tokens.
CRC20 token is a token protocol closely resembling Ethereum’s ERC-20 for interoperability
Tokens that native to other blockchains are wrapped into CRC-20 tokens (e.g., WBTC
Ducky Swaps
Swaps on DuckyDeFi are the simplest way to trade one CRC-20 token for another via automated liquidity pools. The liquidity provided to the exchange comes from Liquidity Providers who stake their tokens in Pools.
Each token swap on the exchange will impose a 0.25% trading fee, which is broken down as follows:
0.17% – Returned to Liquidity Pools in the form of a reward for liquidity providers.
0.08% – Sent to the DuckyDeFi Treasury for marketing, development, and buyback purposes.
What are LP Tokens?
LP tokens are generated to the Liquidity Providers based on the pair of assets added into Liquidity Pools. For example, supplying CRO and BTC will generate CRO-BTC LP to the providers. The total number of LP tokens you receive represents your portion of the CRO-BTC liquidity pools, this is also proportional to the entitled rewards in terms of trading fees when people use your liquidity pool.
Yield Farming
Yield farming allows users to earn DEGG by staking LP Tokens. At the same time, as an LP tokens holder, you are still providing liquidity to the liquidity pool that gives you the LP rewards as well. A 1.5% fee applies only when staking LP tokens into the non-DEGG-farms.
Auto DEGG Pool
- Stake your DEGG and watch it multiply itself
- The auto-compounding is triggered by other users or the system for a small bounty
- A small performance fee of 2% is subtracted automatically from each of your earning when the pool is compounded
- An unstaking fee of 0.1% applies when you unstake within 3 days of manually staking
Use Cases
DEGG is the token that powers DuckyDeFi financial protocol. Use cases of DEGG include the following:
- Staking in Pools to earn free tokens
- Providing liquidity in Liquidity Pools
- Use in Yield Farming
- Minting of Ducky NFTs (Part of Roadmap)
NFT Collectibles
A Non-fungible Token (NFT) is a totally unique and non-interchangeable unit of data stored on a digital ledger that uses blockchain technology to establish proof of ownership of digital assets. Any kind of real-world easily-reproducible digital files such as images, videos, music, or even in-game items can be stored as an NFT. Similar to physical art holding the value, NFT is the digital version of them, and similar to physical art, the price of NFT is largely driven by the market demand.
To date, more and more usages of NFT are being derived: from the beginning of merely selling of artwork to royalties for collection creators, staking of NFTs for collection holders, and even in-game purchases in video gaming.
Roadmap
- 1.Creation of Ducky NFTs minting which comprises of different stats and attributes.
- 2.Enable rewards adjustment based on different NFT hold.
- 3.Creation of decentralized autonomous organization (DAO).
- 4.Creation of NFT staking protocol.
- 5.Establish NFT buyback-and-burn.
