This article is written in partnership with DEIP (find out more)

DEIP, when the blockchain is at the service of creators

Launched in 2018, the DEIP project quickly became the first Web 3.0 protocol to the world for the tokenization of high-value intangible assets. This decentralized infrastructure blockchain-based re-invent the economy of creators and innovation.

The platform offers creators a easy access to Web 3.0 applications and tools. It also allows users to develop their application on it.

This is the boost this industry needed, which was already generating $ 2.2 trillion in profit with 30 million jobs from 2010. The use of the blockchain breaks the various constraints of the sector which are based on the rules and mechanisms of the global economy, and which slow down its progress.

According to a deloitte report published in June 2021, this industry could become theone of the main engines of the global economy within 10 years, with a potential growth of 40%.

the DEIP project comes from a start-up founded in 2015: Collective Intelligence Labs. This group of architects, researchers, designers and developers specialized in blockchain has for ambition ” to help realize the potential of humanity »Using collective intelligence technologies.

The use of blockchain mechanisms

In order to ensure the integrity of intangible creations, DEIP allows the creation of non-fungible tokens (NFTs). The concept of NFTs is relevant here, since each creation is unique, like every NFTs. This therefore allows users to authenticate and protect their creations.

Where the protocol stands out is that it also allows to split these non-fungible tokens. This gives ” Fractionalized Non Fungible Token “(F-NFT). These token fractions, which can then be distributed to different individuals, are a combination between NFTs and ERC-20 tokens.

NFT splitting

Example of using an F-NFT

The price of these F-NFTs is defined when one of its fragments is sold. Thus, the selling price of the latter then defines that of the whole asset.

Decentralized finance mechanisms (DeFi) are also present on the platform. In order to facilitate the financing of creators, they can get a loan. For this, the borrower must lock an F-NFT who will act as collateral, which will allow him in exchange to receive dX stablecoins. Once the loan is repaid, the F-NFT is returned to its owner.

dynamic liquidity protocol

How the loan works

👉 Discover our complete presentation of the DEIP project

The presale of the DEIP token

The DEIP platform launched the presale of his eponymous token October 28, 2021, until November 30 of the same year. Due to a DEIP limit set at 4 billion units, this presale gives access to 2% of the tokens, i.e. 80 million units.

If you feel like participate in this presale, the following conditions must be met:

  • First, it is necessary fill out a formwhitelist ” available on the protocol site ;
  • Then you must present a proof of identity (KYC) so that it can be verified;
  • Then, sign the future token sale agreement (SAFT), an investment contract that promises the delivery of tokens at a later date ;
  • Finally, you can proceed to a transfer in USDC or USDT.

You should also know that the unit price of the token during this presale is 0.01 dollar. Note also that the minimum investment is fixed at 500 dollars, and to 100,000 dollars for the maximum.

This presale is the opportunity for investors to acquire the DEIP token before the public release of the project. Despite this, if you want to get tokens after the presale closing date, an Initial Dex Offering (IDO) will take place in december to allow the company to take into account community feedback.

What are the roles of the DEIP token?

Since DEIP is a protocol using blockchain technology, it is no wonder that its token or at the center of the project. Indeed, this one has 3 essential roles for the platform.

His first role is utility. Since network transactions incur costs, one of the roles of DEIP is therefore to allow users to use it as a means of payment on the platform.

His second role is the governance. The decentralization of the protocol means that it is not governed by a single entity, but by independent individuals. Its governance is managed by an advice which begins with 12 members and will reach 30 members in 6 years, an addition of 3 seats per year. Seats are allocated during a annual staking competition, that is to say a competition between users who have locked their DEIP tokens.

Staking is also the last role of the token, with the yield farming. Users can lock their tokens to obtain a annuity from transaction fees, but they also receive part of the profits from investments made by the board.

👉 For more information, find the DEIP project litepaper

Conclusion

The presale of DEIP token announces the very imminent arrival of this one in the horizon of the blockchain. The services of the platform as well as the utility of the token offer DEIP all the tools to become the one pillar of the new economy of creators.

👉 Join the French-speaking community of the DEIP project on Telegram

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This is a sponsored and paid article. Cryptoast has made preliminary research on the products or services presented on this page but could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service put forward in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and invest only within the limits of their financial capacity. This article does not constitute investment advice.

About the Author : Kamil Witoslawski

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As a student of economics, cryptocurrency and blockchain caught my attention a few years ago, and today I am intrigued by their stakes on the economy and society.
All articles by Kamil Witoslawski.


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