What is Degis (DEG)?
Degis is a protection protocol built on Avalanche. Its goal is to create a universal crypto protection platform. It provides insurance mechanisms to protect users from cyber threats and security vulnerabilities in the DeFi and NFT markets. Degis is recognized for its innovative approach to insurance and received $3 million in angel and seed financing from Avalanche Asia Star Fund and the Blizzard Fund. The project was launched in 2022.
How Degis (DEG) Works
Degis offers two protection products:
- Options Market enables trading European-style options using on-chain data. Creators stake 1 USDC to mint protection tokens, serving as backed assets. Holders can claim a 1:1 payoff if the event occurs. Buyers hedge risks by purchasing protection tokens, while sellers profit by selling them. Liquidity providers contribute to the AMM pool, earning fees and DEG tokens. The market operates in time cycles, allowing for deposit, trading, and settlement periods.
- Protocol Protection allows users to buy and sell insurance for risks at the protocol level. Users can deposit USDC into the protection pool and receive Protection Pool LP tokens, representing their share in the pool. These tokens can be staked into priority pools for additional rewards. Underwriters take on higher risks by staking LP tokens in specific priority pools. Buyers pay premiums based on community-voted rates and receive compensation tokens. After a claim event, compensation is paid from the Protection Pool and priority pools, with LP tokens burned if necessary.
How Many Degis (DEG) Tokens Are in Circulation?
DEG is the native governance and utility token of the protocol. It has a total supply of 100,000,000 and 6,039,132 of them are in circulation.
How to Buy Degis (DEG)
Consider investing in Degis (DEG)? It only takes 2 minutes to create an account on Bitget and start trading DEG.
Check out the available DEG trading pairs on Bitget!
How to Buy Crypto with Credit Card?
in Bitget, we offer multiple payment methods for funding your account, including credit and debit cards. In Bitget, you can instantly buy or sell USDT and other cryptos with your credit/debit card. Go to our website and click on “Buy Crypto”, click on ‘Credit/Debit Card’. Learn more about on here.
How to Deposit and Withdraw Crypto | Bitget Guides
Spot market
Degis (DEG) Resources
Simple 3-step guide to buying DEG today in Montenegro
Create your free Bitget account
Select a funding method
Complete your Degis purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Degis using a payment method of your choice:
Buy Degis with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Degis order.
How to buy crypto with credit/debit cardBuy Degis with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Degis is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Degis order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Degis order.Buy Degis with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Degis order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Degis in your Bitget spot wallet
Bitget—where the world trades Degis
How to buy Degis for free
- Learn how to earn Degis for free through the Learn2Earn promotion
- Earn free Degis by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Degis airdrops by joining On-going challenges and promotions
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FAQ
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Located in Southeastern Europe and forming part of the Balkans is Montenegro, a nation that shares its borders with Serbia to the northeast, Croatia to the northwest, Bosnia and Herzegovina to the north, Kosovo to the east, Albania to the southeast, and the scenic Adriatic Sea to the west. Its coastline for the latter runs a whopping 293.5 kilometers long, with its capital city Podgorica located inland to the east. The city spans 13,812 square kilometers and is home to around 30% of Montenegro’s overall population of 621,000. There, you’ll find plenty of culturally-rich museums and art galleries, including the city’s main museum and the Center for Modern Art.
Due to the diversity of its landscapes which stretch from the coast of the Adriatic Sea to the mountain ranges of Durmitor, Bjelasica, Sinjajevina, Prokletije, Komovi, and more, the country attracts approximately 1.3 million tourists every year. Interestingly, more than 60% of the nation sits at an altitude of 1000 meters above sea level or more, meaning you’ll be able to ski up in the mountains and swim in the sea on the same day during mid-season changes. There are also four national parks, with Durmitor National Park earning the title of a UNESCO World Heritage Site.
Currently in the process of joining the European Union, Montenegro has adopted the Euro (EUR) as its official currency, and with direct support from Bitget, you can purchase Degis(DEG) in just a matter of minutes, no matter where you are in the country, from Podgorica to Nikšić to Herceg Novi. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.