Sui Network and DeepBook Protocol have made an exciting development for holders of over 100,000 DBClaimNFT. Starting tomorrow, on the 14the Starting in October, those who own DBClaimNFT will be able to redeem NFTs in exchange for $DEEP coin allocations. This marks a major milestone for DeepBook Protocol with the official launch of its local $DEEP token.
👀To the 100,000+ holders of the DBclaimNFT: You can redeem your NFT tomorrow!
Learn more⏬ https://t.co/LUQVHF7Vkt
— Sui (@SuiNetwork) October 13, 2024
Sui Network starts the redemption of DBClaimNFT tokens and the launch of $DEEP Coin
According to the post shared by Sui Network on It added that it will also share the official URL tomorrow. DBClaimNFT holders should be careful as the trusted links are only shared on the Discord channel and DeepBook’s website. Normally when tokens are launched, phishing scams occur. The respective precautionary measure aims to ensure that consumers are not affected by phishing scams.
Claiming the $DEEP tokens will burn the holders’ NFTs
Once the people who own DBClaimNFT claim $DEEP coins, their non-fungible tokens will be burned. This means that the token allocation procedure has been completed. Those who do not own NFTs can get the $DEEP coin for open trading on decentralized and centralized exchanges.
This launch is generating increasing excitement within the DeepBook and Sui communities. In this regard, $DEEP coins may play a crucial role in DeepBook’s ecosystem. The team convinces everyone to remain vigilant to avoid interacting with fake sources to ensure a safe and streamlined redemption procedure.