Update: (5:40 pm on Wednesday, 28 September 2022 (GMT-4) The Degrain Presale is now sold out!
Many people are wondering, what is Degrain Crypto? How does Degrain work? What is the future of Degrain (DGRN) Crypto? How and where to buy Degrain Crypto? You’ve come to the right place if you are also looking for the answers to these questions. We’ll cover these and many other questions in this article. So let’s get started.
Degrain (DGRN) is a decentralized NFT protocol that has cross-chain functionality. It allows people to buy NFTs on one blockchain and sell on the same or other blockchains. It claims to be the first of its kind where users have the freedom to trade their NFT in many ways.
“Our smart contracts will automatically match transactions using complicated algorithms from different networks to match the offer to the native chain of the NFT” as per Degrain’s official whitepaper.
The trading fees are collected by Degrain’s integrated AI smart contract and 100% distributed to the stakers every 12 hours. The allocated amount will depend on the duration that stakers have staked for. Degrain tokens can be earned by buying or selling any NFTs on Degrain platform.
One of the best things for users is that 100% of the trading fees will be given to the Degrain token stakers. In contrast, NFT creators will get their royalties as soon as the sale is complete. It also says that the holders will have a ‘lifetime passive income.’ Sounds great, doesn’t it?
As we mentioned above, the cross-chain functionality of Degrain will help traders, creators, and users to buy and sell from many blockchain options. For example – Emily makes an offer via the Ethereum blockchain and James prefers to accept this offer via Avalanche blockchain. Then they can easily do it in the Degrain NFT platform.
Now, we know what you are thinking. It all sounds good but what about the trading and gas fees? There must be a catch there, right? Well, surprisingly, Degrain’s whitepaper shows or rather claims that the trading and gas fees are very less compared to the NFT marketplaces like Opensea, Magic of Eden, and LooksRare. Which in turn will increase the volume and open the possibility for the stakers, users and creators for greater earnings.
With so many millions stolen from people and investors from the crypto and NFT scams, it is obvious to be critical of any new crypto projects with remarkable claims. For instance, it may make you think that if this platform is so great then why the popular Degrain-related news is coming from the Degrain team and not from any other sources?
Certik have paused the Degrain audit due to the team not going ahead with a KYC which was always said the team won’t do.— Degrain (@degrainio) August 28, 2022
We have posted proof in telegram where Certik said no KYC will be needed for an audit.
Payment was then made; days later Certik requested for KYC.
Many experts and analysts think that it is better to wait and watch what happens with Degrain before you put your hard-earned money in it. One more thing to take into consideration is that the audit firm InterFi has given some positive points in its report. The report mentioned that they did a line-by-line manual analysis and automated review of the smart contract. The findings were that the Degrain code has low-risk severity, centralization risk is medium and the smart contract has active ownership.
Though the Degrain token sales tell another story.
|% of supply
|Total DGRN Tokens
|Advisors & Partnerships
In Stage 1, the Degrain token sale started on July 10, 2022, and on September 30, 2022, it’ll end. Though the Degrain NFT marketplace will be launched in the second half of 2023. On Aug 25th, 2022, Degrain on their official Twitter account tweeted that over 97% presale is sold out and over 6,000 DGRN holders were recorded. Degrain planned to release only 30% (300,000,000 DGRN) of the total DGRN supply (1,000,000,000) in their presale for the people to buy. This means 29,10,00,000 DGRN (97% of the total presale supply) are already bought by the users and only 90,00,000 DGRN tokens remain till September 30, 2022.
Maintenance has now been completed and we thank you for your patience and any inconvenience that was caused.— Degrain (@degrainio) August 25, 2022
The increase in bonus has now been extended and will end on Friday the 26th of August at 10:00 UTC
Over 97% of presale is sold out and there are over 6,000 DGRN holders
The way the presale is going, it seems that the Degrain team will achieve their 30% presale quota sell before the end of the last day. As per their website, after the presale, they’ll launch Degrain on cryptocurrency exchanges like UniSwap, CoinGecko, and CoinMarketCap in Stage 2. In Stage 3, they’ll aim to get DGRN listed on bigger cryptocurrency exchanges like Binance, FTX, etc. If you would like still to buy Degrain in the presale phase, read below.
Degrain announced on its Twitter account that its presale is sold out.
URGENT NOTICE: Presale is now sold out!— Degrain (@degrainio) September 28, 2022
Launch will happen at 20:00 UTC on Thursday the 29th of September on Uniswap. Liquidity will be locked for 10 years immediately after launch. Team tokens have already been locked.
Previously, the DGRN tokens could be bought from Degrain’s official website while the presale was going on. But now you won’t have to wait much. As they also stated that DGRN will be launched on the 29th of September, 2022 at 20:00 UTC at Uniswap. Which was previously scheduled to be released on 30th September at Uniswap at 18:00 UTC.
As per Degrain’s new tweet.
Degrain is now listed on Coin Gecko#thisisjustthestart— Degrain (@degrainio) September 30, 2022
Degrain is now available on CoinGecko.
Degrain Twitter – read all the latest updates from Degrain below