Degrain (DGRN) - Crypto Guide - CoinTokenInvest

Degrain (DGRN) Cryptocurrency - Detailed Guide

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.

What is Degrain Crypto?

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.

How Degrain Works? 

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?

How is Degrain Different From Other NFT Platforms?

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.

Is Degrain Token a Good Investment? Is it Legit?

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, a pioneer in blockchain security has paused Degrain’s audit as it awaits a full KYC process done by Degrain team. CertiK has audited the security of 3,277 blockchain projects to date.

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. 

Degrain’s Tokenomics

 % of supplyTotal DGRN Tokens
Total Supply1,000,000,000 
Presale30%300,000,000
Liquidity Management15%150,000,000
Marketing15%150,000,000
Staking Rewards20%200,000,000
Exchange Listings8%80,000,000
Advisors & Partnerships3%30,000,000
Founding Team8%80,000,000
Charity1%10,000,000

Are People Trusting Degrain? What Does the Degrain Sale Data Say? 

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. 

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.

Where to Buy Degrain Crypto?

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 available on CoinGecko

 

Degrain (DGRN) Important Information

 

Official Degrain Website

Official Degrain Email

Degrain Telegram

Degrain Presale

Degrain Twitterread all the latest updates from Degrain below

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