What is DeSpace (DES) | What is DeSpace token | What is DES token
In this article, we’ll discuss information about the DeSpace project and DES token
For almost the entire 2020, the critical industry has been watching the development of DeFi, but few people understand the real DeFi and what the market needs it for. In fact, the DeFi niche in the crypto industry has existed for a long time, but in 2020, DeFi gained immense popularity and attracted many new users to the crypto world. The DeFi development has been at the cutting edge of innovation in the blockchain space.
However, almost all DeFi projects have three fatal common problems:
- The life cycle of most projects does not exceed one month. Traditional yield farming equation has a major problem, the token creation process is too fast, which leads to a big inflation and deflates the token price. This paradigm does not fit the description of a sustainable system. Also, institutional holders receive the biggest benefits, which does not give a chance to retail investors. It happened for the last months because of hyper inflation.
- Those tokens have no value. After farming with almost no losses for crazy APY in the first few days and the collapse of the price, users leave without any faithfulness.
- From fake contracts on DEX to removal of liquidity by the developers, there are huge amount of scams with various manifestations. No matter how cool and technologically advanced DEX are, they give the scammers the opportunity to roam in full due to the lack of control or examining contracts that are listed on DEX.
Who We Are?
We are a group of people based in different corners of the earth, living in different time zones, different gender, and skin colour, but we are united by one thing, the love of cryptocurrency and decentralization, we possess over 15 years of combined industry experience. We decided to create DeSpace Protocol - DeFi 2.0. We’ve had to take the best ideas and tools to develop our unique solutions. We dream to build a healthy and decentralized ecosystem from different areas of DeFi and NFTs.
What is DeSpace Protocol?
DeSpace Protocol is a new breath of the DeFi industry supporting cross-chain multi-layer DeFi & NFT protocols, tokens, NFT cards, combined Governance (DAO), redesigned Yield Farming and NFT Mining. The goal of the project is to create a stable, intuitive, user friendly and secure platform for every user, as well as to create value for our NFT cards in our ecosystem. NFTs without any ecosystem can only serve as a speculative assets on the secondary markets.
DeSpace Protocol creates an ecosystem that brings value to the NFT cards. Users can increase their farming income via our NFTs. And each NFT has different power, this means that every new card will add more interest to your farming. The protocol works on the principle of layers analogous to layers of the solar system. Each new layer will complement the preceding layer, simultaneously revealing unknown and latent elements in the prior layers, thereby complementing each other. Each layer can be considered as a separate universe and functions independently.
DeSpace is the multi-chain DeFi and NFT protocol powered by DeChain blockchain.
DeLend
DeLend protocol is an interest generating loan platform with the release of its stable coins (dUSD, dEUR, dPound, etc) backed and secured by a basket of frozen assets. DeLend is an inspiration from the MakerDAO model as they were one of the first DeFi protocols on the market and their model is time-tested and successful.
DeChain
Layer 2 blockchain compatible with Layer 1 blockchains. DeChain will allow you to take full advantage of different blockchains on a single platform whilst simplifying the navigation and access to DeFi and NFT suits of products and solutions.
DeSwap
This is a cross-chain and multi-chain DEX with AMM protocol that supports a limit order feature, staking, margins and even futures an exchange for easy crypto to crypto trades.
DeSpace NFTs
Many DeFi projects have released their NFTs and used them to serve different purposes. However, a huge omission of all these projects is undermining the possibilities and ways of using NFTs, hence, NFTs are not meaningfully applied.
DeSpace Protocol has reworked how NFT cards are used, bringing huge opportunities which is better than the exisiting platforms that is based on tokens.
With DeSpace NFT cards you can:
- Yield Farm different tokens
2. Speed up Yield Farm Mining
3. “Connect together “ NFT cards to increase mining power
4. “Connect together” NFT cards for more unique card
5. “Split” cards for token (based on the nominal value of the card in tokens)
And these are not all the functions that DeSpace NFTs will have.
At the start of DeSpace, there will be 1 NFT layer (NFT v.1) and most of the NFT v.1 will be given among the community, within four months, 2 more NFT layers will be launched (NFT v.2 and NFT v.3). DeSpace allows cooperation and plan to launch exclusive NFTs in collaboration with other projects (all cards issued in partnerships will be a new layer).
DeSpace Platform Applications
- Mining v.1 — This application will have Yield Farming for asset number 1 (which is $DES)
2. Tools — This application will have sub-items: Catalog, Mining, Splitting, My NFT.
3. Auction — This application will host exclusive NFT card auctions.
4. NFT Fair — this application will enable users to trade cards or initiate an auction. There will be separation of NFT by layers and grades.
5. Lottery — application for NFT cards lotteries.
6. Dividends Pool — This application will accumulate part of the funds from the platform fees. The further purpose will be announced when the project goes smoothly. .
7. Smeltery — This application will create new NFTs by “crossing” cards of different NFTs and DeFi “layers”
8. Mining v.2 — This application will have Yield Farming for asset number 2. More details will be made closer to the launch.
9. Referral Pool — This feature will accumulate part of the funds from the platform fees. These funds will be used as rewards for those who invite new users to DeSpace.
DES TOKEN
How and Where to Buy DES token ?
DES has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy DES.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since DES is an altcoin we need to transfer our coins to an exchange that DES can be traded. Below is a list of exchanges that offers to trade DES in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase DES from the exchange.
The top exchange for trading in DES token is currently A2DAO
Find more information DES
☞ Website ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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