What is Derp Dex

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Summary

Key Points

  • DERP is the native token of DerpDEX.com on zkSync, Base, and opBNB.
  • DERP is used for paying gas fees, staking, and governance.
  • xDERP is the staked token with additional benefits.
  • Benefits for xDERP stakers include protocol earnings, governance voting, whitelist allocation, and cash-back.

Numbers and Figures

  • 100 trillion: Total supply of DERP.
  • 8%: Liquidity and CEX listing.
  • 1%: Foundation.

About Derp: Empowering a New Era of Innovation

Introducing Derp (DERP): A Comprehensive Overview

DERP is the native cryptocurrency of DerpDEX.com, seamlessly integrated across zkSync, Base, and opBNB. Within the DerpDEX network and ecosystem, DERP serves as a versatile utility token, facilitating the payment of gas fees on DerpDEX and enabling staking for xDERP, which unlocks a range of additional benefits within the DERP ecosystem.

DERP is the indigenous utility token, serving as the cornerstone for:

  • Introducing the staked token, xDERP, designed to incentivize token holders and foster a sense of community.
  • Unlock exclusive staking privileges, including on-chain governance, priority access to launchpad allocations, premium features, and more.

Advantages for xDERP Stakeholders:

  • Reap the rewards of protocol staking, leveraging earnings and usage to maximize benefits
  • Exercise governance voting privileges to shape the protocol’s long-term prosperity
  • Secure whitelist allocation for Initial DEX Offering (IDO) opportunities
  • Receive cash-back incentives for traders
  • … and many more perks

What Is the Circulating Supply of Derp (DERP) Coins?

The total supply of Derp (DERP) is capped at 100 trillion, with the following distribution:

8% – Liquidity Provision and Centralized Exchange Listing

1% – Foundation Endowment

10% – Core Team (subject to a 2-year linear vesting schedule with a 30-day cliff)

9% – Strategic Investors (comprising 10% allocated at Token Generation Event, with a 2-year linear vesting schedule and a 30-day cliff)

2% – Private Sale Participants (receiving 30% allocation at Token Generation Event, with a 2-year linear vesting schedule and a 30-day cliff)

2% – Public Sale Contributors (receiving 30% allocation at Token Generation Event, with a 3-month linear vesting schedule and a 30-day cliff)

48% – Ecosystem Development: Incentives, Referral Programs, and Airdrops

20% – Decentralized Autonomous Organization (DAO): Emission Incentives

The Visionaries Behind DerpDEX: Meet the Founders

DerpDEX was founded by 0ximderp and a seasoned DeFi team comprising degens, traders, and accomplished builders.

Acquiring Derp (DERP): A Comprehensive Guide

DERP is conveniently listed on prominent cryptocurrency exchanges, including DerpDEX, Uniswap, Gate.io, and MEXC, ensuring seamless accessibility for traders and investors alike.

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