Right now, the most popular trend in the cryptocurrency market would be the combination of DeFi and NFT. Throughout 2021, decentralized exchanges have emerged one by one, and liquidity pools and farms have attracted the attention of investors enticed by huge profits. At the same time, as NFT starts to gain prominence, companies such as Alipay are trying to get a piece of the action with NFT auctions, and decentralized NFT platforms are now the newest and hottest trend.

As the pioneer and leader behind the concept of DeFi+NFT, MIGO is committed to building a cross-chain infrastructure and an open NFT ecosystem. Inspired by LEGO, all the content in MIGO is equivalent to LEGO blocks that can combine to form a MIGO ecosystem. MIGO has even created a collaborative approach termed "Governance Assembly", creating a community of autonomous organizations that allows users to mutually benefit and assist each other. Users can even obtain generous DeFi rewards while playing “games” within MIGO.

Users can also initiate NFT mining in MIGO's iceberg mining pool, and conduct auctions and transactions in the auction hall. In there, users can purchase higher-level “shovels” through MIGO to increase their computing power for better rewards. They can also sell these high-level “shovels” to earn profits. The prices of these shovels are all determined by the bidders, and they can freely bid for these shovels. In the iceberg mining pool, users can use multiple shovels at the same time to mine but shovels only have a lifespan of 30 days. The larger the face value and specification of the shovel, the more profit it will generate.

The MIGO platform has 7 mining pools. For each pool, the corresponding pledge deposit amount will increase in order of its profitability. Each mining pool requires a certain amount of MIGOs pledged to enter. The higher the amount of MIGOs used, the higher the rate of MIGO tokens generated. MIGO tokens can be traded at any time in the decentralized marketplace, so that users can sell the MIGO tokens they mined or purchase a new shovel with MIGO tokens. At the same time, transactions fees will also be determined automatically according to the level of the mining pool.

The "Global Dividend Rewards" section will give users who have contributed to the MIGO ecosystem a variety of different rewards. Global dividends will also be given to users who have made outstanding contributions, and the MIGO prize pool will be weighted according to the contribution level of each user. Through this, we aim to create a positive feedback loop that will greatly increase MIGO’s popularity in the market.

For the past two years, MIGO has broken new records and established itself as a trendsetter. With the development of the NFT market, MIGO will capitalise on the innovative concept of Defi+NFT to become a leader in the blockchain industry. In the near future, MIGO will continue to create a new “LEGO-based” ecosystem to provide more products and services in the DeFi market.