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According to the announcement on March 10, Binance has listed Dego Finance (DEGO) in the innovation zone. The trading was opened on March 10, 2021, at 11:00 AM (UTC) for the trading pairs DEGO/BTC, DEGO/USDT, DEGO/BUSD. It started with an offer that the users who will purchase DEGO using BNB will get a discount of 40% before the start time of trading.
Notably, Dego finance is a decentralized finance project launched recently, aiming to revamp the utility of NFTs (Non-fungible tokens) using innovative applications. Talking about the current scenario of DEGO, its current market price is $18.20, with an increase of 94.59% in 24 hours. It has a 24-hour trading volume of more than $2.8 billion, with an increase of 918% in 24 hours. No doubt that the most active market for the trading of DEGO is Binance currently.
Dego finance aims to build a Parachain through the substrate by enabling cross-chain NFT transfers and combining the underlying protocols. It also offers the infrastructure for the growth of the user base and to develop diverse applications. Here, anyone can mint and initiate the NFT mining. It consists of a whole suite of products to manage NFTs' lifecycle, including NFT Foundary, Blind box, mining, auction, and trading venue. The utility token of Dego finance is DEGO, and it is available on BEP-20 and ERC-20 standards. Notably, Dego NFTs were ranked No. 1 in October 2020 in terms of ERC721 transaction volume. The biggest NFT Secondary Market on Binance Smart Chain is now Treasureland.market that has generated 11,728 BNB/ USD 2.8 million with 21,281 transactions. DEGO has reported an average daily increase of 35% and a weekly increase of 47%. The listed exchanges for DEGO is Binance, Uniswap, Hotbit, Bithumb, MXC, Gate.io, and KuCoin.
Talking about the trading of DEGO on Binance, more than 29k participants committed nearly 4.9 million BNB during the subscription period, and the 76 participants have reached the 1k DEGO hard cap. The purchase price of DEGO is set to 1 DEGO equals 5 US Dollars or 0.018 BNB according to the announcement on Binance.