- Unique Network has announced its partnership with DEGA to integrate DEGA’s Initial Stake Pool Offering (ISPO) platform, offering new crowdfunding and community engagement opportunities.
- $UNQ token holders will receive a partnership bonus of pre-minted $DEGA tokens, further aligning the interests of the Unique and DEGA communities.
A Deeper Look at the Integration and Its Ripple Effects
In a move that resonates across the Web3 gaming and Metaverse landscapes, Unique Network has unveiled a ground-breaking alliance with DEGA. This collaboration aims to expand the horizons of builders operating within Unique’s ecosystem by integrating DEGA’s Initial Stake Pool Offering (ISPO) platform—a fresh take on crowdfunding and community engagement rooted in blockchain technology.
The platform serves as a catalyst for bootstrapping and nurturing projects within the Unique Network & Polkadot ecosystem.https://t.co/QG5lZwgnbP
— Polkadot (@Polkadot) August 28, 2023
What DEGA’s ISPO Platform Brings to the Table
DEGA’s ISPO platform is a novel approach to fundraising in the blockchain sphere. Unlike traditional stake pools where rewards go to delegators, DEGA’s ISPO channels all staking rewards back into the platform for development and operational sustenance. This unique mechanism allows for a sustainable project ecosystem.
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Users don’t purchase tokens outright in an ISPO. Instead, they delegate tokens like $ADA or $DOT to a DEGA stake pool. This delegation is protected by blockchain consensus algorithms, ensuring a secure process. The ISPO welcomes participants from all walks of life; it imposes no minimum token requirements or long-term lock-ups. The allocation of $DEGA tokens, in turn, depends on the duration and size of each participant’s delegation.
Interoperable Opportunities for Builders and $UNQ Holders
With this alliance, Unique Network and DEGA have effectively fused their capacities for innovation. Builders within the Unique Network can now capitalize on DEGA’s ISPO framework, leveraging its streamlined fundraising and community interaction features. On the flip side, this integration also adds an extra layer of incentives for $UNQ token holders. Those who partake in the DEGA/Polkadot ISPO while maintaining a minimum of 4000 $UNQ in their staked wallet will receive a partnership bonus of pre-minted $DEGA tokens.
Both DEGA and Unique Network are united by a shared mission: facilitating and hastening the adoption of blockchain technology. DEGA CEO Carlos Rene and Unique CEO Alex Mitrovich have both underlined the significance of lowering barriers for Web3 application deployment, setting the stage for a fertile ground of invention in Web3 gaming and Metaverse realms.
DEGA, which initially gained traction in November 2022, has already made its mark with successful partnerships and API deployments. Similarly, Unique Network offers a robust range of services for developers, from Software Development Kits (SDKs) to customizable NFT solutions. The melding of these two powerhouses is a beacon of what the future may hold for the integration of blockchain technology into Web3 gaming and the Metaverse.
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