Sui Network Announces Redemption of DBClaimNFT and DEEP Token Launch

Sui Community and DeepBook Protocol have made an thrilling growth for holders of over 100,000 DBClaimNFT. Beginning tomorrow, on the 14th^e Beginning in October, those that personal DBClaimNFT will be capable to redeem NFTs in alternate for $DEEP coin allocations. This marks a serious milestone for DeepBook Protocol with the official launch of its native $DEEP token.

Sui Community begins the redemption of DBClaimNFT tokens and the launch of $DEEP Coin

Based on the publish shared by Sui Community on It added that it’s going to additionally share the official URL tomorrow. DBClaimNFT holders ought to be cautious because the trusted hyperlinks are solely shared on DeepBook’s Discord channel and web site. Usually when tokens are launched, phishing scams happen. The respective precautionary measure goals to make sure that shoppers are usually not affected by phishing scams.

Claiming the $DEEP tokens will burn the holders’ NFTs

As soon as the individuals who personal DBClaimNFT declare $DEEP cash, their non-fungible tokens will likely be burned. Which means that the token allocation process has been accomplished. Those that don’t personal NFTs can get the $DEEP coin for open buying and selling on decentralized and centralized exchanges.

This launch is producing growing pleasure throughout the DeepBook and Sui communities. On this regard, $DEEP cash might play an important function in DeepBook’s ecosystem. The crew convinces everybody to stay vigilant to keep away from interacting with faux sources to make sure a protected and streamlined redemption process.