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

DeepBook Protocol employs the DEEP token as its utility currency for governance, rewards, and premium feature access within its decentralized knowledge graph ecosystem.

Dec 21, 2024 at 05:52 pm

Key Points:

• DEEP Is an ERC20 utility token that powers the DeepBook Protocol ecosystem.
• DEEP token is used for various purposes within the DeepBook Platform.
• DEEP token has a limited supply of 1 billion tokens.
• DEEP token was issued at a price of $0.05 per token during its initial coin offering (ICO).

What is DeepBook Protocol (DEEP) Coin?

DeepBook Protocol (DEEP) is a decentralized knowledge graph protocol that aims to create a more efficient and accessible way to organize, share, and discover knowledge. The DEEP token is the native utility token of the DeepBook Protocol ecosystem. It is used for various purposes within the DeepBook Platform, including:

• Governance: DEEP token holders can participate in the governance of the DeepBook Protocol by voting on proposals that affect the protocol's development.
• Rewards: DEEP tokens are used to reward users for their contributions to the DeepBook ecosystem. This includes rewards for creating and curating knowledge, providing feedback, and participating in governance.
• Access to premium features: DEEP tokens can be used to access premium features on the DeepBook platform. These features may include access to exclusive content, tools, and services.

Issuance Price of DEEP Coin

The DEEP token was issued at a price of $0.05 per token during its initial coin offering (ICO). The ICO was held in 2017 and raised a total of $10 million. The DEEP token is currently listed on several cryptocurrency exchanges, including Binance, Huobi, and OKEx.

Limited Supply of DEEP Coin

The DEEP token has a limited supply of 1 billion tokens. This means that the total number of DEEP tokens that can ever be created is fixed. The limited supply of DEEP tokens helps to ensure the value of the token over time.

FAQs

• What is the DeepBook Protocol?

DeepBook Protocol is a decentralized knowledge graph protocol that aims to create a more efficient and accessible way to organize, share, and discover knowledge.

• What is the DEEP token?

The DEEP token is the native utility token of the DeepBook Protocol ecosystem. It is used for various purposes within the DeepBook Platform, including governance, rewards, and access to premium features.

• What is the issuance price of the DEEP token?

The DEEP token was issued at a price of $0.05 per token during its initial coin offering (ICO).

• What is the limited supply of the DEEP token?

The DEEP token has a limited supply of 1 billion tokens. This means that the total number of DEEP tokens that can ever be created is fixed.

• Where can I buy DEEP tokens?

DEEP tokens are currently listed on several cryptocurrency exchanges, including Binance, Huobi, and OKEx.