Saros Spotlight #7: Everything you need to know about DeGods (DUST)
"Explore with Saros" is now "Saros Spotlight"! In this episode, we are digging deep into Degods - one of the hottest NFT projects on Solana at the moment. Let's go!
DeGods - Gods of the Metaverse
DeGods is an NFT brand on the Solana blockchain powered by a deflationary collection of 10,000 DeGods and the DUST Protocol ecosystem.
DeGods holds and develops an aggregation that helps combat the rising deflation of the NFT. DeGods wants to be described as the "god" of Metaverse, with the mission to bring the best values users when joining the NFT space.
DeGods’ goal is to spread the extraordinary works of creators, celebrities and unique IRL events at important NFT conferences. Specifically, DeGods will act as a launching pad for NFT projects to flourish in the ecosystem.
DeGods NFTs
DeGods NFTs can be verified and allows its holders to gain access to the DeDAO community and become visible on DeMap. It can also be staked to mint 5 DUST tokens per day, regardless of rarity.
Users can burn DeGods NFTs to earn DUST tokens. Rare DeGods NFTs will obtain more DUST tokens than common ones. The amount of minted DUST tokens is calculated as the following formula:
DUST token Quantity = 1000 + (number of Remaining DeGods NFT - Rarity Ranking)
Only one DeGod NFT can be burned per day. DeGods NFTs holders need to submit their NFTs to a queue (non-reversible) if they want to burn their NFTs. At the end of each day, the most common DeGod will be burned, and the holder will receive DUST tokens.
DeadGods NFTs
DeadGods are the mutated versions of DeGods, having their artworks enhanced while retaining exactly the same traits so rarity is unaffected. You can acquire a DeadGod by either buying it from secondary marketplaces or transcending your DeGod. As long as the metadata remains the same, the original DeGod rarity will be preserved.
You will be able to switch between your DeadGod/DeGod anytime. It costs an undecided amount of DUST per switch. And each DeadGods NFT can mint 15 DUST tokens per day.
Exiled DeGods NFTs
Exiled DeGods NFTs are misprinted DeGods NFTs. There are 2,500 exiled DeGods NFTs on the market, and they are not tradable.
There will be one exiled DeGod NFT that can be burned per day. A random exile will be selected for burning and the submitter will get 333 DUST tokens.
DUST Token Metrics
- Token Name: DeGods
- Ticker: DUST
- Blockchain: Solana
- Token Standard: SPL
- Contract: DUSTawucrTsGU8hcqRdHDCbuYhCPADMLM2VcCb8VnFnQ
- Token type: Utility, Governance
- Total Supply: 33,300,000 DUST
DUST Use Cases
- Win top-tier NFTs every day.
- Purchase NFTs in the DeDAO treasury.
- Used in DeadGods mutation, auctions, raffles, P2E & PVP games, and betting platforms (TBA).
- Sent to the DeDAO treasury to maintain a healthy supply of circulating DUST tokens for economic activities and utility development.
How to maximize your DUST with Saros
On Saros, you can:
- Stake DUST - earn DUST without concerns about impermanent loss!
- Add DUST - USDH LP to farm (The Farm is currently completed - but stay tuned for next announcement!)
How to get DeGods NFTs and DUST tokens?
How to get DeGods NFTs and DeadGods NFT:
- Buy on supported on different NFT Marketplaces.
- Transcend DeGods NFTs to DeadGods NFTs.
How to get DUST Tokens:
- Stake DeGods NFTs or DeadGods NFTs.
- Burn DeGods NFTs, DeadGods NFTs, or exiled DeGods NFTs.
- Purchase DUST tokens on supported exchanges.
You can buy DeGods NFTs and DeadGods NFTs on NFT Marketplace such as Magic Eden, Alpha Art, Solanart, and Opensea.
You can buy DUST tokens on Jupiter, Crypto.com…
How to store DeGods NFTs and DUST Tokens
DeGods and DeadGods are NFTs, you can store them on NFT Marketplaces and on the DeGods platform.
Or you can store the DUST tokens on right on Coin98 Super App with these steps:
Step 1: Open Coin98 Super App & click Receive on the home screen.
Step 2: Search DUST Token.
Step 3: Click on the correct result, copy the wallet address, and send DUST to this address.
Conclusion:
Another Solana project has landed on “Saros Spotlight”. We hope that you've gained the essential knowledge about DeGods for the best investment decisions possible.
Stay tuned for the next episode!
Disclaimer: The information provided is given only for educational purposes, and it should not be considered as financial advice. Saros is not liable for any financial losses or other damages incurred as a result of utilizing the aforementioned initiatives, platforms, or cryptocurrencies.
About Saros Finance
Saros Finance is the ultimate DeFi platform native to Solana, with trading, staking, and yield farming services. Built by Coin98 Labs, Saros Finance aims to adopt millions of users to DeFi.