Skip to Content
DocumentationThe $DEEPR Token

The Native Deepr Token ($DEEPR)

$DEEPR is the native utility and governance token of the Deepr.fun platform, deployed at on Base. While Deepr enables the launch of many different tokens using its template, the $DEEPR token itself plays a central role in the ecosystem’s value flow and future direction.

Role in the Ecosystem

The primary functions of the $DEEPR token include:

  • Value Accrual: Capturing a portion of the value generated by successful launches on the platform.
  • Reward Distribution: Enabling rewards for token holders through mechanisms like airdrops.
  • Governance (Future): Potentially enabling holders to participate in decisions regarding the platform’s development, feature prioritization, and fee structures.

Value Accrual: Fee Distribution Explained

Every token launched using the DeeprTemplate contract contributes to the Deepr ecosystem through its fee mechanism, which directly benefits $DEEPR holders and the platform’s treasury.

When liquidity is added to a token’s pool (both during the initial deployment after Tranche 0 sells out, and during subsequent purchases from Tranches 1-13), a 10% fee is applied to both the ETH and the Tokens being paired:

  1. ETH Fee (10% of ETH portion): This fee is split:

    • 75% goes to the Project Deployer (the wallet that launched that specific token).
    • 25% goes to the Deepr Vault (DEEPR_VAULT address).
  2. Token Fee (10% of Token portion): This fee represents 5% of the total tokens involved in the tranche purchase/sale event.

    • 100% of this token fee goes to the Deepr Airdrop (DEEPR_AIRDROP address).

For a detailed, tranche-by-tranche breakdown of ETH raised and fee distribution, please see the Tranche Sales, Fees & Distribution page.

Example: If a purchase from Tranche 2 adds 1 ETH and 1,000,000 Project Tokens to liquidity:

  • ETH Fee: 0.1 ETH is taken. 0.075 ETH goes to the Project Deployer, 0.025 ETH goes to the Deepr Vault.
  • Token Fee: 100,000 Project Tokens are taken (10% of the LP portion). All 100,000 tokens go to the Deepr Airdrop address.
  • Liquidity Added: 0.9 ETH is paired with 900,000 Project Tokens in the LP pool.

Deepr Vault & Airdrop Mechanism

These two dedicated addresses are crucial for ecosystem health:

  • DEEPR_VAULT: Accumulates the 25% share of the ETH fees from all launches on Deepr. These funds serve as the platform’s treasury and may be used for various purposes, including:

    • Funding platform development and operations.
    • Marketing and ecosystem growth initiatives.
    • Potential buy-backs and burns of the native $DEEPR token to enhance its value.
  • DEEPR_AIRDROP: Accumulates the token fees (effectively 5% of the supply sold/paired) from all launches on Deepr. This address serves as the source for distributing rewards back to the community, primarily:

    • Airdropping various project tokens launched on Deepr to holders of the native $DEEPR token.

This mechanism ensures that $DEEPR holders directly benefit from the activity and success of the entire platform.

Token Generation Event (TGE) & Initial Distribution

  • TGE: The $DEEPR token was launched using the DeeprTemplate contract after the mainnet platform launch.
  • Initial Distribution via Airdrop: To reward early supporters, the initial circulating supply of $DEEPR was distributed via airdrop to holders of the previous project token, $BOOB.
    • Following the deployment of the $DEEPR token contract, the Deepr team initiated the launch sequence by purchasing the entire Tranche 0 supply (22% of total $DEEPR supply).
    • This purchase triggered the automatic pairing of another 22% of the $DEEPR supply for the initial liquidity pool.
    • The Deepr team then airdropped tokens acquired during this initial phase (Tranche 0 purchase, totaling 22% of the $DEEPR supply) plus additional tokens bought on market to eligible $BOOB token holders based on a snapshot taken prior to the $DEEPR launch. The LP tokens from the paired 22% were burned, ensuring locked liquidity.
⚠️

The $BOOB snapshot was taken at Ethereum block 22015696. The airdrop has been processed and distributed at Base block 30846819. You can view the airdrop transaction .

This initial distribution method ensures a fair launch for $DEEPR itself, leveraging the Deepr contract mechanics while rewarding the foundational community.

Last updated on