Reopen the DEGO Inflation Model

Dear Dego Community members:

Hi all,

Since launched in September 2020, DEGO Token has followed a deflation model, which was initially designed for the longevity of the project. We wanted to discourage coin-flippers from harming true Dego supporters, hence putting some constraints on early token distribution.

At 3 AM UTC on 10th/Feb/2022, we met a hacking event and we dego team’s assets suffered the most financial loss in this incident. We closed the inflation system and redeployed new token contracts. We have been investigating with relevant organizations and recovering the corresponding token during this period. There are already some clues, and we are still recovering.

Recently, there have been proposals and chats in the community on modifying the “DEGO Token transfer tax”. Tokens locked in system reserve pools like Dividend Pool will not be released recklessly. Considering the gravity of this proposal, the decision shall be made by all token holders. The “DEGO Token transfer tax” would promote,

• Unchanged
• 1%
• 0.25%
• 0.1%

DEGO Token will reopen the deflation model as dictated in the creation of its smart contract and the reset fee for the transfer is 0.1%, and this is the rate we suggest for the “DEGO Token transfer tax”, but we do respect your free will and make your decision wisely.

Kind Regards, Core team Dego.finance