Welcome back to Alpha Drop. My name is Ron, and today we have a very surprising airdrop, and I'm so happy to share it about. I'm sure you already know about this - it's Deep Book on Soy - but wait, because it just gets better. So, we're going to talk about that stream today. I thought it was already good... Mhm, alright, let's get started. Let's go.
So, Deep Book Protocol - The claim NFT holders can now claim their Deep allocation. So, if you have been staking Soy with us since January this year, you would have qualified for the DB claim NFT, which you could have claimed. I think for the past few months within your Soy wallet, there's like a pop-up that says you're eligible for this NFT. Hold this NFT, and then you'll be able to claim your Deep tokens when they launch their token.
So, just yesterday, they've already had their TGE, Deep Book, as well as the airdrop. So, 10% of their token supply is for the initial airdrop, and my God, this is actually so good because the amount that I got is around 26,000 Deep tokens, and right now Deep is just pumping. It's just going up, and at this price, my 26k worth of Deep is already around $800 which is very good for the amount of Soy that I've staked. I bought Soy last year when it was under 50 cents, right? So now it's like $2, so that is effectively a 2.5x. That's insane.
Why is Deep Book pumping? Because this is an infrastructure play on Soy. For those of you who don't know, Deep Book is Soy's on-chain liquidity book that essentially any decentralized exchange on Soy can pull liquidity from or add to. So, it's very similar to, uh, what's that project called again? It's like Elixir, right? Elixir is a liquidity layer for a lot of EVM chains. So, for Deep Book, this is a very core infrastructure for DeFi.
In terms of what you want to do now if you do qualify for the Deep token airdrop is you can definitely take profit if you want. They're available on KuCoin, MXC, Cetus, Gate.io, and Bybit as well. So, if you're not going to be taking profit though, and if you are very interested in holding Deep tokens, which is what I'm doing, I am choosing to lend out my Deep tokens on Soy Lend because as of right now, there's a 378% deposit APR for Deep tokens, and this was even higher yesterday which was around 800%.
In terms of what the utility for the token is, it's very similar to how other exchanges or any other liquidity layer operates. So, the token itself is used for payment of trading fees and pool creation fees in Deep Book. So, if you are a market maker or a liquidity provider that has vested interest, Deep Token has this incentive for you. Alright, then they also enhance trading liquidity within Deep Book Pools by offering rebates to market makers during low liquidity periods and volume discounts to liquidity takers. Alright, then of course, you have the governance function for the book.
Yes, there will be more airdrops from Deep Book because if you look at the tokenomics for Deep Book, 10% is the initial supply right now, but in the 6-1-5-7 for ecosystem growth, there will also be community initiatives. So as of right now, there is a task, a call to action for you to do. They have a Galaxy Quest that you can do, and this is actually only eligible for the DB claim NFT holders. So definitely a very good position to be in if you have staked Soy since January.
So guys, please stay with us, stick with us. We've been doing this since early this year, actually even late last year, talking about airdrops, and if you have stuck with us since day one, you would have capitalized on a lot of these plays, making really good money on airdrops. We're going to be updating this, we're going to be adding this into our spreadsheet but if you're interested in more airdrops that are currently live right now, please check out our airdrop tracker spreadsheet. The link is down in the description below. If you don't have a Bit account, you can sign up with our referral link down below in the description, there's a $30,000 deposit bonus and a 20 USDT sign up bonus if you use our referral link. That's right, thank you guys so much for watching. My name is Ron.
Q: What is the Deep Book Airdrop about?
A: The Deep Book Airdrop is a surprising airdrop presented by Alpha Drop where holders can claim Deep tokens based on their qualifications in staking Soy.
Q: How can NFT holders claim their Deep allocation?
A: NFT holders can claim their Deep allocation by staking Soy with the Deep Book Protocol and following the instructions provided to claim the tokens.
Q: What are the rewards from the Deep Book airdrop?
A: Deep Book airdrop offers impressive rewards in the form of Deep tokens, with 10% of the token supply allocated for the initial airdrop.
Q: Why is Deep Book pumping?
A: Deep Book is experiencing growth due to its infrastructure play on Soy, acting as an on-chain liquidity book essential for decentralized exchanges on the platform.
Q: What are some strategies for holding Deep tokens?
A: Strategies for holding Deep tokens include taking profits through various exchanges or lending out the tokens on platforms like Soy Lend to earn higher APR.
Q: What are the utility and benefits of Deep Token?
A: Deep Token is used for payment of trading fees and pool creation fees in Deep Book, providing incentives for market makers and liquidity providers as well as enhancing trading liquidity in Deep Book pools.
Q: Are there future airdrop initiatives and community engagements planned?
A: Yes, Deep Book has indicated that there will be more airdrops and community initiatives as part of their ecosystem growth, encouraging community engagement among DB claim NFT holders.
Q: How can one stay updated on airdrops and opportunities?
A: Staying updated on airdrops and opportunities can be done by following platforms like Alpha Drop, checking airdrop tracker spreadsheets, and signing up for relevant newsletters or accounts to receive notifications.
