1. Project Introduction
Depth Token is an efficient swap protocol for stablecoin built on Huobi Ecochain. As a trusted stablecoin swap manager, Depth allows stablecoins to be swapped between HUSD/USDT and other stablecoins in a safe and secure environment and with an excellent depth, low slippage and low transaction fees. In addition, DEP (Depth Token) provides benefits to liquidity providers with the aggregation of transaction fees as well as rewards from other DeFi protocols in the long-term.
DEP is the governance token for Depth DEX and DEP can only be created through liquidity mining. Soon, users can participate in the governance of Depth DEX by staking DEP to receive dividends generated from transaction fees as well as from a series of subsequent benefits as a DAO user.
3. Token Allocation
Total Supply: 10,000,000,000 DEP
Current Circulation(as of 31 March 2021): 297,586,608.130983 DEP
Liquidity Mining: 75% (release via block reward)
Voluntary Contribution: 10% (release via block reward)
Long-term Supporters: 10% (release via block reward). DEP that are released to Long-term supporters will be locked for a period of four years before they can be unlocked over the following four years.
Depth DAO: 5% (release via block reward)
4. Related Links
Block Explorer: https://hecoinfo.com/token/0x48C859531254F25e57D1C1A8E030Ef0B1c895c27
Note: The above information is published by the project team which may contain errors, omissions or may be out of date. The content is for reference only and does not constitute any investment advice. HBTC shall not be responsible for any direct or indirect monetary/financial losses due to the reliance on this information.