The DEGA Multichain ISPO Phase III: Ethereum Launch Information & REWARDS!

TheRabbitKing
Published in
4 min readFeb 6, 2024

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Get ready for the next phase of the DEGA Multichain ISPO! This is a unique opportunity for crypto enthusiasts from the Ethereum Blockchain to support DEGA. As a multichain ISPO, anyone who wishes to participate can delegate a variety of tokens to DEGA stake pools and start earning DEGA tokens in an industry first!

On WEDNESDAY, FEBRUARY 7TH we will launch the next phase ISPO on the Ethereum blockchain via our integration with LIDO. The DEGA Ethereum ISPO will continue for 6 months, ending on August 7th, 2024 or if we exhaust the $DEGA supply allocated to Ethereum, whichever comes first.

Detailed Instructions on how to find and participate in the DEGA ISPO for Ethereum will be communicated on WEDNESDAY, FEBRUARY 7TH.

IMPORTANT: Be sure to ONLY get your information from DEGA on official DEGA channels. Slow down. Be vigilant. Ask questions. Bad actors may try to divert you by masquerading as DEGA.

DEGA ISPO Important Information for Ethereum

In this phase of the DEGA ISPO, participants can delegate any amount of $ETH to DEGA’s Ethereum Stake Pool for any chosen duration of the offering. Since this is a liquid staking pool, participants have the option to withdraw their stake at any time.

Rewards on Ethereum are calculated every 24 hours, $DEGA token rewards will be assigned approximately 1 hour after the 24 hour period ends.

DEGA Ethereum ISPO High-Level Overview

  • We have allocated 9,375,000,000 $DEGA or 25% + Bonuses of our total supply for the ISPO across all included chains
  • Of this total amount 2,343,750,000 $DEGA + Bonuses has been allocated for the Ethereum Stake Pool
  • There is no minimum amount as a limit to participate in the ISPO
  • There is no maximum amount set as a limit to participate in the ISPO
  • Rewards will be calculated every ONE DAY (24 hours)
  • $DEGA will be distributed to you as part of the Token Generating Event (TGE) estimated by Q1 2024
  • $DEGA rewards will be visible in a DEGA-provided dashboard for the duration of the ISPO leading up to the TGE
  • 10% of $DEGA rewarded will be available at TGE with the remainder vesting over an eight (8) month period

DEGA Ethereum ISPO Rewards | Ethereum Stake Pool

There will be ONE (1) Ethereum stakepool, which offers ratios of $ETH/$DEGA for delegators. 100% of proceeds will be rewarded to DEGA while the participant receives rewards in $DEGA tokens.

We will keep you notified if or when a new Ethereum stake pool is available.

DEGA1: DEGA ISPO 100% Pool | Ethereum

  • You will be rewarded 33,382 $DEGA per each ONE (1) $ETH delegated for the 182 days as a base reward
  • EXAMPLE: If you stake 100 $ETH per 182 days, you will receive 3,338,205 $DEGA as the base reward
  • See below for additional bonuses available for the DEGA ISPO

Rewards will be claimable after the Token Generating Event which is estimated to occur at the end of Q1 2024.

DEGA Ethereum ISPO Token Bonuses

DEGA will be providing $DEGA token bonuses under specific conditions. (See Fig 1: Bonus Table for more details.)

DEGA Elements Bonus: DEGA Elements will issue you an additional bonus per day delegated. These will be tied to the “chain affinity” of the Element. For example, the Ethereum Elements Bonus Attributes will only apply to rewards gained when staking $ETH.

PLEASE NOTE: ELEMENTS BONUSES ARE STACKABLE. THE MORE ELEMENTS YOU HAVE IN YOUR STAKING WALLET, THE HIGHER YOUR BONUS.

You can get DEGA Elements here: https://realms.degaplatform.com/

You can learn more about the Elements Collection here: https://www.dega.org/elements

Fig 1: Elements Bonus Table

You can get DEGA Elements here: https://realms.degaplatform.com/

You can learn more about the Elements Collection here: https://www.dega.org/elements

Participate in Our Vision for a Better Web3

DEGA empowers anyone to project their creativity into the digital economy.

We build open software tools and solutions for creatives, which abstract all of the complexities of blockchain development. By using DEGA, anyone can evolve into a Web3 game developer in minutes.

We can’t wait to see what the future holds for DEGA, and the broader blockchain industry. Keep an eye out for updates on our progress and exciting announcements regarding our products, partners, upcoming collaborations, and our ISPO!

We’re looking forward to your participation, so join DEGA’s socials to learn more about our ISPO and prepare to engage in the future of gamified fundraising!

Register on our ISPO page to stay up to date on DEGA’s ISPO!

Twitter | Telegram | Discord | Website

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COO @ DEGA.org | Decentralized Organizational Design | Gamification | Artificial Intelligence Veteran | Systems Thinking | Armchair Cyberneticist