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

The total issuance amount of DeepBook Protocol (DEEP) is fixed at 1 billion DEEP, with distribution via public and private sales and allocation to the team.

Dec 19, 2024 at 05:12 pm

DeepBook Protocol (DEEP) Coin Issuance Amount

• DEEP Coins Issuance Amount
• DEEP Coin Distribution
• DEEP Coin Market Capitalization
• DEEP Coin Trading Volume
• DEEP Coin Price Performance
• Factors Influencing DEEP Coin Issuance
• FAQs

Key Points

• The total issuance amount of DeepBook Protocol (DEEP) coins is 1,000,000,000 DEEP.
• DEEP coins are distributed through various channels, including public sales, private sales, and team allocation.
• The DEEP coin market capitalization is currently estimated to be around $100 million.
• The DEEP coin trading volume is relatively low, with an average daily volume of around $1 million.
• The DEEP coin price has been relatively stable in recent months, with some fluctuations.
• Factors influencing the DEEP coin issuance include the project's development progress, market demand, and overall cryptocurrency market conditions.

DEEP Coins Issuance Amount

The total issuance amount of DEEP coins is 1,000,000,000 DEEP. This is according to the DeepBook Protocol whitepaper, which states that the coin's supply is fixed and cannot be increased.

DEEP Coin Distribution

DEEP coins are distributed through various channels, including public sales, private sales, and team allocation.

• Public sale: 50% of the total DEEP coin supply was sold to the public through a series of public sales.
• Private sale: 30% of the total DEEP coin supply was sold to private investors through a private sale.
• Team allocation: 20% of the total DEEP coin supply is allocated to the DeepBook Protocol team.

DEEP Coin Market Capitalization

The DEEP coin market capitalization is currently estimated to be around $100 million. This is calculated by multiplying the current DEEP coin price by the total number of DEEP coins in circulation.

DEEP Coin Trading Volume

The DEEP coin trading volume is relatively low, with an average daily volume of around $1 million. This is likely due to the fact that DEEP is a relatively new coin and is not yet listed on many major exchanges.

DEEP Coin Price Performance

The DEEP coin price has been relatively stable in recent months, with some fluctuations. The coin's price reached an all-time high of $0.10 in January 2023, but has since corrected to its current price of around $0.05.

Factors Influencing DEEP Coin Issuance

Several factors can influence the DEEP coin issuance, including:

• Project development progress: The progress of the DeepBook Protocol project can impact the issuance of DEEP coins. If the project is developing well and meeting its milestones, it could lead to increased demand for DEEP coins and a corresponding increase in issuance.
• Market demand: The market demand for DEEP coins can also influence issuance. If there is high demand for DEEP coins, it could lead to increased issuance to meet demand.
• Overall cryptocurrency market conditions: The overall cryptocurrency market conditions can also impact the issuance of DEEP coins. If the cryptocurrency market is bull