Total circulation of DeepBook Protocol (DEEP) coins

With a total circulation of approximately 55,000,000 coins, DEEP coins are distributed through staking, liquidity mining, and partnerships to support the DeepBook ecosystem and reward holders.

Dec 20, 2024 at 03:23 am

Key Points:

• DeepBook Protocol (DEEP) coin has a maximum total supply of 210,000,000 coins.
• DEEP coins are distributed through a variety of channels, including staking, liquidity mining, and partnerships.
• DEEP coins can be used to stake, govern the DeepBook Protocol, and participate in the DeepBook ecosystem.

Total Circulation of DeepBook Protocol (DEEP) Coins

The total circulation of a cryptocurrency refers to the number of coins that are currently in the hands of the public. This can be contrasted with the total supply, which refers to the total number of coins that have been created.

In the case of DeepBook Protocol (DEEP), the total supply is 210,000,000 coins. Of this amount, approximately 55,000,000 DEEP coins are currently in circulation. This means that the remaining 155,000,000 DEEP coins have not yet been released to the public.

The total circulation of DEEP coins is expected to increase over time as new coins are released from the DEEP Foundation. The foundation has stated that it will release new coins in a controlled manner in order to maintain the stability of the DEEP ecosystem.

Distribution of DEEP Coins

DEEP coins are distributed through a variety of channels, including:

• Staking: DEEP holders can stake their coins to earn rewards. These rewards are paid out in DEEP coins, and they help to increase the total circulation of DEEP.
• Liquidity mining: DEEP holders can provide liquidity to DEEP trading pairs on decentralized exchanges. In return, they will earn rewards in DEEP coins. This also helps to increase the total circulation of DEEP.
• Partnerships: The DeepBook Foundation has partnered with a number of exchanges, wallets, and other projects in the cryptocurrency ecosystem. These partnerships help to distribute DEEP coins to a wider audience.

Use Cases for DEEP Coins

DEEP coins can be used in a variety of ways, including:

• Staking: DEEP holders can stake their coins to earn rewards and help to secure the DeepBook network.
• Governance: DEEP holders can vote on proposals that affect the development of the DeepBook Protocol.
• Participation in the DeepBook ecosystem: DEEP coins can be used to purchase products and services from the DeepBook ecosystem.

FAQs

• What is the maximum total supply of DEEP coins?

  • The maximum total supply of DEEP coins is 210,000,000 coins.

• How are DEEP coins distributed?

  • DEEP coins are distributed through staking, liquidity mining, and partnerships.

• What can DEEP coins be used for?

  • DEEP coins can be used for staking, governance, and participation in the DeepBook ecosystem.