What is the total issuance of DeepBook Protocol (DEEP) coins?

According to the distribution timeline, 50% of the 100,000,000 DEEP tokens will be released in the fifth year of the six-year issuance period.

Dec 21, 2024 at 05:34 am

Key Points:

Total Issuance: DEEP has a total issuance of 100,000,000 coins.
Distribution Timeline: The coins will be released over a six-year period, according to the following schedule:
- 10% will be released in the first year.
- 20% will be released in the second year.
- 30% will be released in the third year.
- 40% will be released in the fourth year.
- 50% will be released in the fifth year.
- 60% will be released in the sixth year.
Token Allocation: The coins will be allocated as follows:
- 70% will be distributed to investors through a public sale.
- 20% will be allocated to the development team.
- 10% will be allocated to the DeepBook Protocol Foundation.

FAQs:

What is the purpose of the DEEP token?
- The DEEP token is a utility token that will be used to power the DeepBook Protocol ecosystem. It will be used to pay for transaction fees, storage costs, and other services within the ecosystem.
Where can I buy DEEP tokens?
- DEEP tokens will be available for purchase on a variety of cryptocurrency exchanges.
What is the long-term value proposition of the DEEP token?
- The long-term value proposition of the DEEP token is that it will provide access to the DeepBook Protocol ecosystem, which is expected to grow in value as more users adopt it.

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