Buy DeGate (DG)
What is DeGate?
DeGate is a decentralised order book exchange (DEX) protocol built on the Ethereum blockchain using Zero-Knowledge (ZK) technology, specifically ZK-Rollup. It supports spot trading with limit orders and grid trading, designed to offer a fast, efficient, and low-cost trading platform while allowing users to maintain self-custody of their assets.
How does DeGate work?
DeGate operates on the Ethereum blockchain, leveraging ZK-Rollup as a layer 2 scaling solution to enable faster and cheaper transactions while maintaining the security of on-chain verification. Users' operations are initially processed off-chain, where a DeGate node verifies and bundles transactions into a zkBlock. These transactions are then validated on-chain through smart contracts, which handle asset custody and interaction processes. The platform offers a trustless trading environment without traditional consensus mechanisms like Proof of Work or Proof of Stake, relying instead on Ethereum's security and its innovative ZK-Rollup process.
What are the potential use cases for DeGate?
DeGate's potential use cases include:
- Decentralised Trading: Features like spot and automated grid trading facilitate advanced trading strategies.
- Liquidity Mining: Users are incentivised to provide liquidity, enhancing trading depth and generating rewards.
- Asset Management: Internal transfers and features like Exodus Mode offer flexible asset control.
- Integration with Stablecoins: Partnerships with yield-bearing stablecoins like USDM offer additional investment opportunities. It serves cryptocurrency trading, DeFi applications, and cryptocurrencies’ broader financial use.
What is the history of DeGate?
DeGate was launched in March 2021 and is governed as a Decentralised Autonomous Organisation (DAO), emphasizing community control. Significant milestones include the fair launch of its token (DG) on Uniswap, completion of its order book DEX, and the implementation of efficient gas-saving technologies. The platform is known for its community-driven approach, transparent updates, and pioneering use of ZK-Rollup technology to enhance decentralised trading efficiently and cost-effectively.
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Frequently Asked Questions (FAQs)
What is the current price of DeGate (DG)?
The DeGate price is $0.17962299 AUD, representing a -2.63% from the day prior.
Where is the best place to buy DeGate (DG) in Australia?
The best place to buy DeGate (DG) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell DeGate (DG) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of DeGate (DG)?
The trading volume of DeGate (DG) is $65.9K AUD in the last 24hrs, representing a -2.63% from the day prior.
How can I buy DeGate (DG)?
DeGate (DG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of DeGate (DG)?
The current market cap of DeGate (DG) is $67.2M AUD.
Can I convert DeGate (DG) to cash?
Yes - With Coinstash you can convert your DeGate (DG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many DeGate (DG) are there?
The current circulating supply of DeGate (DG) is 387.2M.
Is Coinstash a safe place to buy DeGate (DG) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling DeGate (DG) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.