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DeGate is a decentralized trading protocol genuinely owned and controlled by a DAO, built on Ethereum Rollup Layer 2 networks. Its functional modules will encompass automated market making trading, order book trading, leveraged spot trading, cross-layer bridging, fiat currency exchange channels, and an initial token distribution platform. Currently, the L2 networks receiving primary focus are Optimism, Arbitrum, and zkSync, but others are not excluded.
The governance of the DeGate protocol consists of a dual-layer DAO mechanism: the Home DAO and the Council DAO. The Home DAO is the direct owner and controller of the DeGate protocol, receiving the income generated by the protocol; the Council DAO, commissioned by the Home DAO, is responsible for decision-making and execution in daily operations.
DG is the native token of DeGate, with a total supply of 1 billion tokens, 100% initially owned by the Home DAO.
• DeGate was born under a "fair launch," where no one received free DG tokens.
• Use DG to participate in Home DAO governance, initiate and vote on proposals.
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