Sui Community and DeepBook Protocol have made an exciting improvement for above 100K DBClaimNFT holders. Starting tomorrow, on the 14th of October, these holding DBClaimNFT can redeem NFTs in return for $DEEP coin allocations. This denotes a major landmark for DeepBook Protocol with the official launch of its native $DEEP token.
👀To the greater than 100,000 holders of the DBclaimNFT – you’ll have the ability to redeem your NFT tomorrow!
Be taught extra⏬ https://t.co/LUQVHF7Vkt
— Sui (@SuiNetwork) October 13, 2024
Sui Community to Begin DBClaimNFT Token’s Redemption and the Launch of $DEEP Coin
As per the publish that Sui Community shared on X, the platform will allow DBClaimNFT holders to redeem non-fungible tokens by way of a claims web site. It added that it’ll additionally share the official URL tomorrow. The holders of DBClaimNFT ought to train warning because the trusted hyperlinks are simply shared on the Discord channel and web site of DeepBook. Usually, on the token launches, phishing scams happen. The respective precautionary transfer focuses on guaranteeing that the shoppers keep away from experiencing any phishing rip-off.
Claiming the $DEEP Tokens Will Burn the NFTs of the Holders
As soon as the individuals holding DBClaimNFT declare $DEEP cash, their non-fungible tokens will get burned. This can signify the accomplishment of the process of token allocation. These not holding NFTs can get the $DEEP coin for open buying and selling on decentralized and centralized exchanges.
This launch is growing pleasure throughout the DeepBook and Sui communities. On this respect, $DEEP cash will doubtlessly play an important position within the ecosystem of DeepBook. The workforce persuades everybody to remain vigilant to stop interacting with faux sources to ensure a safe and streamlined redemption process.
