What Is Ducky Egg (DEGG) ?
Ducky Egg In the real world, most publicly accessible markets use a centralized style of exchange, or often refer to an Order Book style in which buyers and sellers create orders that organized by price level that are filled based on constantly shifting demands. In contrast, in Decentralized Finance (DeFi), Automated Market Maker (AMM) model or sometimes referred to as a Constant Function Market Maker is used to replace the order book.
Ducky Egg From a high-level view, an AMM replaces the order book market with a liquidity pool of two assets, which are both valued relative to each other. The price for these two assets will be re-determined whenever one of the assets is traded for another. In such a case, the buyer or seller trades directly with the pool instead, rather than with specific parties.
Ducky Egg (DEGG)Storage Key Points
|Coin Name||Ducky Egg|
|Circulating Supply||8,613,444.00 DEGG|
|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|
|Official Project Website||Click Here To Visit Project Website|
DEGG & Other Tokens
Ducky EGG (DEGG) is a CRC20 Token native to the Cronos Chain, and serves as platform’s native token. It is a utility token and a reward token.
Ducky Egg CRO is the native token that will serve to pay transaction fee (gas) on DuckyDeFi and other applications in Cronos ecosystem.
Other CRC20 Tokens
Ducky Egg 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 Egg 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.
Ducky Egg 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.
Ducky Egg 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.
- 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.
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