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DERP token is a meme token with utility and deflationary token model. Creating use-case for $DERP token.
DERP is the native token of DerpDEX.com on zkSync, Base and opBNB. DERP is used as a utility token within DerpDEX network and ecosystem such as paying for gas fees in DerpDEX and staking for xDERP with additional benefits within DERP ecosystem.
Max supply: 100,000,000,000,000 DERP (100 trillion DERP)
DERP token is a meme-token with a utility and plays a key role in decentralising the network, incentivising all stakeholders to participate in the network, and most importantly, a lighthearted fun token for the web3 communities.
DerpDEX’s xDERP mechanics reflect a combination of two DeFi concepts:
- Staked token - first introduced by xGRAIL to strengthen incentives for token holders
- Staking privileges - Enable on-chain voting, whitelist for launchpad allocation, premium features and more.
Combined, both mechanisms reward behaviours correlated with DerpDEX's success. Make derp great again!
The LP remains securely ensconced in a year-long embrace of time.