DEEPDeepBook (DEEP) Price

1.Project Introduction

DeepBook is a decentralized exchange (DEX) protocol built on the Sui blockchain, designed to provide a fast, low-latency, and fully on-chain order book experience for developers and traders. Unlike automated market makers, DeepBook offers the efficiency of centralized exchanges while ensuring blockchain transparency, censorship resistance, and composability with other protocols. The protocol empowers the Sui ecosystem by enabling seamless integration with top DEXs and aggregators, supplying deep liquidity and supporting robust trading strategies. Guided by community-driven governance and fueled by the DEEP token, DeepBook aims to be the premier liquidity engine for the next generation of DeFi.

2.Team introduction

Evan Cheng - CEO of Mysten Labs

Over 24 years of platform development experience, previously worked at Apple and Facebook (Meta).

Sam Blackshear - Co-founder, Mysten Labs

Blockchain R&D background, one of the primary developers of the Sui blockchain.

Adeniyi Abiodun - Co-founder & Chief Product Officer, Mysten Labs

Dedicated to product innovation and blockchain ecosystem development.

3.Investment institution

Sui Launchpad, MovEX, Mysten Labs, Kriya Exchange, Aftermath, Turbos, Cetus, KriyaDEX, Sui Foundation

4.Token Application and Distribution

Token Application

The DEEP token is used to pay trading and pool creation fees within DeepBook, incentivize liquidity provision through rebates and volume discounts, and facilitate pool-level governance via a quasi-concave voting system that ensures broad and fair participation. Additionally, DEEP aligns ecosystem incentives and supports community-driven growth initiatives.

Token distribution

Initial Community Airdrop: 10%

Core Contributors and Early Backers: 28.43%

Ecosystem Growth: 61.57%