Review DeGods($DUST) – Everything you need to know about it.

What Is DeGods ?

DeGods is a Solana-based deflationary collection composed of 10,000 virtual gods showcasing artistry with their creative outfits and eye-feast colors. 

These days, hype, celebrity endorsements, and a dash of controversy seem to be the usual fuel of non-fungible token (NFT) collections to compete with each other. But what can really separate a collection from the rest are carefully designed mechanisms that can consistently increase its value, which can provide holders with bigger profits in the long run. 

Outstanding Features

What is the unique selling point?

DeGods is a Solana-based deflationary collection composed of 10,000 virtual gods showcasing artistry with their creative outfits and eye-feast colors. 

DeGods’ can be purchased on Alpha Art and Magic Eden, which are currently the only marketplaces authorized by the team to sell the collection’s NFTs. 

After purchasing a DeGod, a holder can finally join the collection’s holders-exclusive Discord Community and verify their assets to gain access to DeDAO channels. DeDAO will be discussed in detail later in the article. 

DeGods’ rarity can be analyzed on the collection’s official rarity explorer or on the unofficial explorer, a ranking spreadsheet created by one of the

community members. 

StarDust and DeadGods 

Holders can turn their DeGod into a ‘DeadGod’ by minting a special concoction called ”StarDust” for 1000 DUST tokens. 

DeadGods will not inflate the collection’s supply because DeGods and DeadGods are identified as one. Holders who acquire a DeadGod will not have a new, separate NFT, but just another version of their DeGod. 

With this, what’s the real benefit of having a DeadGod in the first place? By burning a DeGod (with) a DeadGod, holders can acquire double DUST tokens, compared when burning a DeGod alone. 

https://twitter.com/DeGodsNFT/status/1486564518251487237?s=20&t=FwC15C6mMDRyV1qVyki27Q

Also, they can switch between an image of a DeGod and a DeadGod whenever they want to enhance their NFT’s physical features. 

Holders are also reminded that once their DeGod is purchased, the buyer will automatically acquire their DeadGod as well. 

DeDAO 

DeDAO is the collection’s very own decentralized autonomous organization and is funded by DeGods marketplace fee of 9.99%; 6.66% of this fee goes straight to the DeDAO, while the remaining 3.33% goes to the DeGods’ core team. 

DeDAO utilizes its funds in critical areas of development, including funding liquidity pools on decentralized exchanges, supporting talents inside the community, and purchasing assets for raffles and auctions. 

https://twitter.com/DeGodsNFT/status/1503662063943487490?s=20&t=FwC15C6mMDRyV1qVyki27Q

https://twitter.com/DeGodsNFT/status/1503659826127130626?s=20&t=FwC15C6mMDRyV1qVyki27Q

DeDAO Decision Makers 

• DAO Leads

It is composed of DeDAO founders and DeGods’ community leaders 

• DeAlpha Team 

It is composed of so-called ‘Alpha Gods’ with market expertise and helps the entire team prepare for various market conditions. 

• Divine Council 

It is composed of members voted by DeDAO members. Before members can vote on specific proposals, these plans first go through the Divine Council’s thorough inspection before they get approved for voting. 

The DeAlpha Team and Divine Council cooperate with each other in deciding about DAO fund allocations and critical acquisitions. 

Two Way of Earning DUST Tokens 

Staking 

DeGods

• Every DeGod has the ability to mine 10 $DUST per day.
• The only way a DeGod can mine $DUST is via staking.

DeadGods

• Every DeadGod has the ability to mine 30 $DUST per day.
• The only way a DeadGod can mine $DUST is via staking.

Burning 

Holders can also burn their DeGods, and once their ‘god’ has been burned, it is eliminated from the circulation, which can also help increase the value of the entire DeGods collection. 

The team will soon launch a burning dApp to facilitate the burning of DeGods to enable holders to earn DUST tokens from the DeDAO Treasury. 

Roadmap

According to the official website’s roadmap, the Degods NFT token was issued back on Oct 8th 2021. The price is 3 SOL. They also announced that there will be a new marketplace to facilitate transactions for this token in the near future.

More details: https://roadmap.degods.com/

Technical Data

Token Metrics

• Token Name: DeGods
• Ticker: DUST
• Blockchain: Solana
• Token Standard: SPL
• Contract: DUSTawucrTsGU8hcqRdHDCbuYhCPADMLM2VcCb8VnFnQ
• Token Type: Utility
• Total Supply: 33.000.000
• Circulating Supply: TBA

Token Allocation

$DUST will have an initial allocation of 0, and can only be earned from the burning and staking of Solana NFTs.

Token Sale

Updating.

Token Release Schedule

Updating.

Token Use Case

$DUST can be used to purchase NFTs that the DeGods team will release in the future. These future projects will require $DUST in order to mint their NFT. 

https://twitter.com/DeGodsNFT/status/1482314189595033601?s=20&t=Wsu_kjwrQ4NIjnwHXQdkQQ

Market and Community

Community

Backers

Team

Updating.

Partners

Updating.

Investors

Updating.

Conclusion

DeGods have introduced creative mechanisms such as ‘Bitch Tax’ and ‘DeadGods’ to provide more value for its holders. 

But it remains a question if these unorthodox ways have genuinely contributed any significant benefits to holders, and if yes, can these methods remain effective in the long run? So far so good.

Find more information about: DeGods

Website: https://www.degods.com/

Twitter: https://twitter.com/degodsnft

Discord: https://discord.com/invite/degods

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Issac

Coincu Ventures