Degis Seed Round on SuperLauncher! (TBA)

9 min readJan 3, 2022

Note: Please note that the Degis Seed Sale will no longer take place on 07 Jan, 2PM UTC and be scheduled after mid-January. Reason: The Degis team is looking to revise their valuations lower in view of the current market conditions.

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SuperLauncher is thrilled to announce that we will be hosting Degis Seed Round on TBA! A total of $TBA will be raised on SuperLauncher. This marks the first instance of SuperLauncher supporting an Avalanche project.

SuperLauncher will issue Certificates and deploy its OTC marketplace on the Avalanche Network sometime after the sale, to ensure that participants get liquidity before the listing of Degis. Degis listing is TBA.

SuperLauncher has also secured Degis’ Strategic, and IDO rounds which will happen in the coming weeks.

Important Instructions:

You will purchase with BUSD on BSC
Your Avalanche C-Chain Address is the SAME as your BSC Address. No input required.
You are given the option to input a different Avalanche C-Chain address if you desire.
Make sure your Avalanche C-Chain Address is NOT an exchange address.
Once the OTC Marketplace goes live on Avalanche, you will be able to claim your Degis Seed Certificates and trade them freely.

Why Should I Invest In Degis?

Degis comes as the first insurance protocol on Avalanche, a chain that is booming and has taken lots of liquidity from Ethereum. Offering token price protection, along with protection for other themes of today, like NFT, Meta Markets and DAOs, Degis is spearheading the re-emergence of the DeFi insurance markets.
The core team is a mixture of artificial intelligence, risk management, and crypto experts. All that experience is concentrated towards building a platform that could dominate the on-chain and off-chain protection and insurance industry. The Degis team has put out an astonishing whitepaper, with some great demonstration to scientific publications.
Degis has a very tight token release schedule for seed and private round investors, which gives it plenty of time to gain some serious traction from its product and meta market. The public sale portion has no locking period, and it represents 1% of the supply.
Degis secured some notable investors, like GBV, MEXC and Colonylab.

Sale Details

Geo Restrictions: Canada, USA, New Zealand, Thailand, Vietnam, China (Except HK, Macau, Taiwan)

🏨 Degis Seed Round(Ticker: $DEG)
⏱ Date/Time: TBA
🧨 HardCap: TBA

🌱 Price: TBA
💲 Fees: 10% (Goes to SL DAO)

💰Staker Round: TBA
💰Non-Staker Round: TBA

⚡️Your Allocation = TBA
🔅 Min. 300 svLAUNCH = TBA
〽️ Max. 10K svLAUNCH = TBA

🏅 Funding: TBA
🟦 Sales Format: TBA

🚨Vesting Period: TBA
🗓 TGE Date: TBA
📸 Snapshot: TBA

🥧 Total Supply: TBA
💷 IDO Price: TBA
🎩 Listing Market Cap: TBA
💧Listing FDV: ~ TBA

What is Degis?

Degis is the next generation all-in-one protection protocol. To be straightforward, they want to completely disrupt the traditional protection market and let those conservative guys out.

Degis leverages blockchain technology to solve two key problems in traditional protection market, which are excessive operational costs and non-transparent claims.

Problems

Excessive operating losses

Think about a recent experience buying protection. A salesman in a suit and leather shoes comes to you, greeting you every week and giving gifts on holidays. When you want to settle a claim, you need to upload plenty of documents to the protection company for review, and they may assign someone to verify in person. Except this, a group of elites who graduated from prestigious schools, sitting in the office, and calculating the price of protection to make sure that the protection company can always win and make money. Where do these people’s wages come from? Nothing comes for free. These high operating costs are ultimately passed on to consumers.

Non-transparent claims

To make more profit, protection companies always set up complex legal provisions and claim settlement processes in their contract to delay, reduce and reject claims. You never know how much they earn. You never know whether they will pay your claim, as well as how much and how long will they pay you. That’s because all data and rights are in their hands, and will never return it back to users.

In summary, those traditional protection companies are like bloated dragons, charging expenses and secretly earning customers’ money.

How Degis beats traditional protection?

Blockchain and smart contracts! Blockchain is highly transparent, decentralized, non-tamperable, automatic, etc. This means they do not need to hire people to sell, explain, check, payout. All these are done automatically by smart contracts on the blockchain. Also, users do not need to worry about claims. If they meet the claim conditions in smart contracts, the payouts will be automatically sent to their account and no one can stop it from happening!

Degis Product Matrix — — Four forms of future protection

In their view, by leveraging blockchain and smart contract technology, there will be four forms of protection in the future to meet all types of need.

Token Model

By using smart contracts to stake reserves, one can tokenize one certain protection event and use AMM pool to make it circulate in the secondary market. At the expiry date, smart contracts will execute the protection policy automatically. For example, Token price protection.

NFT Model

Degis uses AI algorithms to predict the price of each protection and sell to buyers as an NFT. Liquidity providers can stake their money in the protection pool to share the risk of compensation and enjoy the income of protection, while buyers can enjoy an automatic and transparent protection policy. For example, Flight delay protection.

Meta Market

All current existing protection protocols, NFTs, and tokens can be traded in the meta market which is an aggregator. Not only products from Degis, but all on-chain protection from other platforms can also be exchanged in it. Meanwhile, users can generate their own protection easily by setting some simple variables without writing smart contracts and trade them in the meta market.

DAO Model

Protocols form a protection DAO, where they take risks together. When one protocol is hacked or attacked, a proportion of the total staked fund will be used to compensate for this loss. Decisions are also made together by all members.

Version 1 Products

Token Price Protection (Naughty Price)

Creator

To mint 1 protection token, the creator should stake $1 in the policy pool. If the certain event corresponding to the protection token happens, the staked money will be paid to people whoever hold the protection token. If the corresponding event does not happen, creators will get back the money. After creating, creators can hold or sell the protection token.

Buyer/Seller

Buyers and Sellers purchase or sell protection tokens freely in the swap pool. The holder of protection token can get payout if the according event happens. For example, the current price of AVAX is $60, and the protection trigger event is that AVAX price is below $30 at the expiry date. If the price of AVAX drops below $30 at the expiry date, then the protection token holder can use each protection token to claim $1 from the policy pool which is 100% collateralized.

Purchase Cost: 0.1×(1+2%)=0.102

Payout Profit: 1×(1–1%)-0.102=0.888

Buyer’s profit at difference AVAX Price when the insurance token is $0.1, the transaction is 2%, the redeem fee is 1%.

Sell Profit: -1+0.1+(1–1%)=0.09

Payout Lost: -1+0.1=-0.9

Seller’s profit at difference AVAX Price when the insurance token is $0.1, the transaction is 2%, the redeem fee is 1%.

Provider

Liquidity providers provide liquidity to the swap pool (AMM pool), which means staking both USDT and protection token in the swap pool. The transaction fee of the swap pool is 2%. When a buyer wants to use $100 to buy protection token, $2 will be given to LP directly, then the left $98 will be used to swap protection token from the pool. To avoid large impermanence loss caused by the possible huge volatility of prices near the expiry date, Degis will stop transactions three days before the expiry date.

Flight Delay Protection (Miserable Flight)

Buyer

The price of flight delay protection may be different due to flight, buying time, and sales volume, which is calculated by our core AI algorithm. The payout policy is shown below. Each protection is sold as an NFT. If the flight is delayed, then the corresponding payout will be given to the protection holder automatically.

Provider

Liquidity providers who deposit their money in the pool to improve the payout ability can be regarded as protection sellers. All protection sales revenue will be put into the protection pool. Liquidity providers can share 50% of the income as payback.

Treasury box

Treasury box pool

Part of the platform revenue will be put into the Treasury box. Currently, 40% of the flight delay income, and 1% of the protection token minted value will be put in the Treasury box.

One-million-dollar giving back plan

Degis launches a one-million-dollar giving back plan. In the next 2 years, Degis will ensure that at least $10,000 will be distributed in the Treasury box every week.

Core Team

Tokenomics Overview

TBA

Token Utility

Mining

Mining is designed to incentive Degis ecosystem contributors. Based on the participating situation, theywill make adjustment accordingly.

Farming

DEG will be distributed to LP pools. LP will share the DEG according to their LP token proportion.

Stake DEG

DEG will be rewarded to stakers who stake their DEG. Holders can set lock-up time to increase the allocation weight. The original weight for flexible staking is 1x, and the weight increases linearly to 2x when the lock-up time increases to 12 months.

Stake DEG and DEX LP token

DEG will be rewarded to stakers who stake both DEG and DEX LP tokens of DEG pairs. The rewards calculated rule is the same to staking DEG.

Purchase incentive

Buyers will get buyer tokens when they consume on Degis platform, e.g. get 12 buyer tokens after consuming $12. Buyers can deposit their buyer tokens in the incentive pool. The pool will burn the inside buyer tokens every 24 hours and rewards DEG to buyers according to their share.

Project Roadmap

About Degis

Degis is the next generation all-in-one protection protocol. To be straightforward, we want to completely disrupt the traditional protection market and let those conservative guys out. Degis leverages blockchain technology to solve two key problems in traditional protection market, which are excessive operational costs and non-transparent claims.

About SuperLauncher

SuperLauncher is an investment DAO that funds and collaborates with projects that are shaping the future of the blockchain. We facilitate mass participation in Seed/Private/IDO rounds through our smart contract architecture and offer a feature-rich platform that powers flexible and decentralized management of capital.