DEIP announces IDO
This article has been updated with dates corrected.
DEIP is delighted to announce the dates for its much-anticipated initial dex offering (IDO)!
The IDO will take place in two stages on two different dates and platforms:
Stage 1: Apr 12 — Boca Chica
Stage 2: Apr 15 — Skyward.finance
As part of the IDO 208,000,000 tokens will be sold, 5.20% of all DEIP tokens. Following the IDO, participants in the public sale will receive their tokens at the token generation event with no vesting.
10% of the funds raised will be donated to support humanitarian causes to aid refugees from Ukraine.
About DEIP token
DEIP token serves three major functions in the network:
Utility token
DEIP token is a native token in DEIP network. The token serves multiple purposes and can be used as payment mechanism, governance token, and staking for yield farming in the network. All financial transactions in the network have fees (specified by network council).
Governance token
As a governance token, DEIP token provides holders with voting rights for the election of Validators and council members, and for the adjustment of the key network parameters through referendums. Before network launch DEIP token holders will be also able to participate in governance of the network launch process by approving or declining council decisions.
Staking and yield farming:
Network participants can stake DEIP tokens on a specific F-NFT segment to farm the yield of underlying intangible assets. If you stake your DEIP tokens on a specific industry (segment) in the network, every financial transaction made in this industry has a fee. The fee collected is shared between the ecosystem fund and yield farmers in the industry where the transaction is performed (eg. music, movies, invention, etc).
Read more about DEIP token in the tokenomics
April starts with a bang
April 1, 2022
DEIP is deployed on Near protocol as an Octopus appchain, DEIP token smart-contract is deployed on Near protocol
April 3, 2022
DEIP is whitelisted on Skyward / Ref Finance
April 12, 2022
Mainnet launch: DEIP token is deployed on the DEIP chain and the scripts for distribution for early investors is deployed
DEIP runs the IDO campaign on Boca Chica launchpad
April 15, 2022
DEIP opens the auction-based IDO on Skyward Finance launchpad
