DEIP concluded its first public sale of tokens on April 12, filling all of the allocation in less than 45 seconds. This rapid sale is a strong indicator for the demand for DEIP tokens. The sell-out initial DEX offering (IDO) took place for the sale of 8 million tokens (0.2% of total supply).
To stay in keeping with decentralized and shared governance, DEIP launched its first public sale, auctioning off 5.2% of the company. Founded in 2018, DEIP has been funded by private investors, over a dozen venture capitalist firms, and business angels which include the co-founder of EPAM Systems and the CEO of Bitcoin.com.
DEIP’s IDO is taking place in two stages on two different dates and platforms, with the first sale of 0.2% of tokens already concluded and the second due to begin on Skyward.finance on April 15, 2022. From this date, investors will be able to deposit funds to Skyward.finance in NEAR tokens to purchase a share of 5% (200 million tokens) of the company which will be auctioned on Skyward.finance from April 22, 2022.
Those taking part in the sale on Skyward will also receive a bonus airdrop from Octopus Network of 200,000 OCT which is currently worth around $438,000. While the rapid sale of DEIP tokens illustrates the level of demand, there has also been a growing appetite for participation in an auction on Skyward.finance since the last auction took place in January.
As part of both stages of the IDO, 208,000,000 tokens will be sold; 5.2% 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.
DEIP is working on the creator economy and developing the most advanced decentralized protocol for it. DEIP aspires to establish it as a core infrastructure for realizing the full potential of creators all across the world. The DEIP creator economy protocol allows intangible assets to be discovered, evaluated, licensed, and traded. It was created with intangible asset tokenization (F-NFT), governance (through DAO), and liquidity in mind (via DeFi instruments and derivatives).