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DeGate

DeGate

DEGATE
$0.05038Up 0.48 percent($0.00)

Key Stats

Market Cap$50.38MUp 0.48 percent
Volume (24h)$0.50
Fully Diluted Value$50.38M
Vol/Mkt Cap (24h)0.00%
Total Supply1.00B DEGATE
Max Supply∞
Launch Date2021-03-03
Built OnETH
Token StandardERC20
Smart Contract Address0x53c8…dede
Decimal Places18

DeGate Information

Websites
degate.comWhitepaper
Industries
Governance

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
DGERC20ETH0x53c8395465a84955c95159814461466053dedede2021-03-03

About DeGate

DeGate (DG) is a governance and utility token within the DeGate Layer-2 decentralised exchange ecosystem. It supports key functions such as governance, incentivisation, and operational funding. The token is managed by a two-tier DAO system that emphasises decentralisation and community-driven decision-making.

Frequently Asked Questions

DeGate (DG) is the native token of the DeGate decentralised exchange (DEX) protocol, an Ethereum Layer-2 (L2) DEX designed to operate within the framework of a Decentralised Autonomous Organisation (DAO). The protocol integrates features such as automated market-making (AMM), orderbook trading, leveraged trading, Layer-1 to Layer-2 bridging, fiat on/off-ramps, and token launch services. DeGate focuses on scalability and cost efficiency, leveraging Ethereum’s Layer-2 solutions like rollups to enhance transaction throughput and reduce costs​​.

The DG token primarily serves as a governance token within DeGate’s two-tier DAO system: Home DAO and Council DAO. Holders of DG tokens can vote on key governance proposals, including operational decisions, budget allocations, and partnerships. The token also facilitates protocol funding, liquidity mining, and incentivisation programmes. DG is integral to the governance structure and supports the functioning of DeGate’s modules such as the AMM, leveraged trading, and the bridging service​​.

Although 'DG' was the ticker assigned at the deployment of the DeGate Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'DEGATE' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.