DEIP, web3-meets-creator company just rounded off its pre-sale on 30 November, recording a sellout oversubscription more than 10 times the allocation.
Investors filled the presale allocations from $500 to 100,000. This massive oversubscription shows the belief in CEO/Co-Founder Alex Shkor’s team and leadership and also the appetite for investment in Web 3.0 technology.
On 28 October 2021, the company launched its pre-sale to offer the public the opportunity to purchase a native token of the project.
The date of IDO has been shifted in fine just before the network launch to allow the company undergoes all of the requisite audits properly.
Backed by VC funds such as Blockwall Capital, Hillrise Capital, GAINS Associates, AU21, Shima Capital, and angels such as CEO at fmfw.io Exchange, Danish Chaudhry, during the pre-sale DEIP distributed 2% of network tokens.
The price of a unit DEIP token during the pre-sale was $0.01 USD, which valued the project at $40M. To reach the maximum total amount of network tokens which is 4 billion, 80 million tokens will have to be distributed.
The company plans to develop creator economy assets (like patents, movies, music etc) using Web3 technologies. By tokenizing intangibles as F-NFTs and NFTs. DEIP allows for a novel way of governance of these assets using DAOs.
Alex made a statement on the demand, pre-sale and ongoing audit, saying; “As a decentralized project to the core, we need to let the community in on decisions and also allow them ownership via tokens. We decided that the community of early supporters should be given an opportunity to take part in the pre-sale round under more favorable conditions,”
DEIP token is the native token of the network serving three major functions in the network: governance, utility, staking and yield farming.
Unlike other tokens, DEIPs yield farming does not have its underlying asset as crypto, but high-value and intangible intellectual property.
DEIP is a tech company that develops Web 3.0 protocol, applications and tools for the creator economy. The company is on a mission to ensure the shift of the global market from a “value capture” economy to a “value creation” by creating a new set of rules which make resources accessible to creators around the world, helping them unlock their full potential.
Don’t miss important articles during the week. Subscribe to blockbuild weekly digest for updates.