DeGate DG

1. Summary

Ranks

Liquidity

31

Developer

-

Social

78

Momentum (beta)

92

Stack Rank™

-

Price

$0.10 -1.9%

Market Cap

$37.48M (#690)

Supply

387.22M / 1.00B

Tags

Exchange-based Tokens DeFi Entertainment NFT Metaverse Gambling Gaming Ethereum Ecosystem Decentralized Exchange (DEX) Zero Knowledge (ZK)

More Metrics

Price
52W High price	$0.21
52W High date	13th May 2023 (1 year ago)
All Time High (ATH) Date	20th Mar 2021 (3 years ago)
ATH Price	$0.60
% From ATH	-76.01%
All Time Low (ATL) Date	13th Sep 2023 (10 months ago)
ATL Price	$0.01
% From ATL	1014%

Supply & Trading Volume
Trading Volume (24h)	$22,691.00
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	387.22M

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Description

Overview

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Overview

DeGate is an Ethereum Layer 2 (L2) decentralized exchange (DEX) protocol. It operates as a decentralized autonomous organization (DAO), governed and owned by the community of DG token holders. This community-driven approach allows DG token holders to participate in the governance process, shaping the protocol through proposals and decision-making.

Key Features

• Community Governance: DeGate operates as a DAO, with DG token holders responsible for governance and decision-making processes.
• Revenue Entitlement: The Home DAO is entitled to the revenue generated by the protocol and decides how to use it, such as converting or burning it.
• Token Management: The total token supply is 1 billion DG, initially owned by the Home DAO. The token will be distributed to the community via a fair-launch process and enables issuance and participation in governance.

Organizational Structure

Home DAO

• Control and Revenue: Home DAO operates and controls DeGate protocol, and is entitled to the revenue generated.
• Financial Transparency: Financial updates are made public in the documentation.
• Governance Process: Members (DG token holders) initiate governance proposals and participate in decision-making.

Treasury

• Management: The treasury is managed by the Home DAO, and financial updates are made public.
• Smart Contracts: The treasury is initially managed by two multi-signature smart contracts and can be upgraded via governance.

Protocol Highlights

• Orderbook Decentralized Exchange: DeGate is powered by a Zero Knowledge rollup, providing decentralized trading with features such as low fees, fast transactions, and transparency.

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