💵DEER TOKEN
The DEER token is the native token of the Deer protocol, whose main objective is to serve as a form of payment and a means of exchange within the Deer ecosystem. The DEER token has a fixed and limited supply, making it a deflationary asset.
In addition, the DEER token will charge a small commission on each exchange or swap carried out on the platform, which will be divided into two parts: one part will be burned, thus reducing the total number of tokens in circulation and increasing their value, while the other part will be used to feed the liquidity pool of the DEER block.
It is important to note that these commissions will only be charged when making exchanges or swaps on the platform, while P2P DEER token transfers will not have any commission.
In summary, the DEER token is a fundamental tool within the Deer ecosystem, which in addition to allowing payments and transactions between users, also has an important role in reducing the total supply of tokens and increasing their value in the long term.
Smart Contract :
Last updated