Article Summary, Automatically Generated By AI
Here is the summary in HTML format:
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.