The DEED token plays a vital role in the core business model of Deedy, providing a fundamental backbone to the platform. It also provides additional benefits and enhanced user engagement, giving our users the cheapest fees possible.
The DEED token is a native token to the Deedy platform which is deployed on theBinance Smart Chain and has the following use cases:
Although users are also able to use ETH and BNB on the platform for NFT
purchasing, discounted commission fees are offered through payment via the
Payment of services:
Services can only be paid for in DEED tokens, including payments to creatives, artistsand designers commissioned by users on the platform.
Payment for NFT creation:
The creation of new NFT’s on the platform can only be made through DEED tokens.
The DEED token is the sole measure of the eco-systems community led governance.
DEED token holders are able to have early access to the bidding and
purchasing of exclusive Digital assets on the platform.
Deedy World’s native currency (i.e used for purchasing of virtual land).
Staking, bounty, competition and community engagement awards distributed via the DEED token.