Delta Exchange Token - DETO

As of now, you can use DETO for paying 25% of your trading fees. You will need to enable the 'Use DETO to pay trading fees' option in your account preferences. For more details on how this works, please have a look at this page. We are also in the process of rolling out other utilities for DETO. These include a DETO-USDT market making pool, use of DETO as collateral for opening derivatives positions on Delta Exchange and a DETO staking pool which will backstop our existing insurance fund.

Yes, DETO earned through liquidity mining, trade farming or referral mining vests linearly over 90 days. The way these mining/ farming incentive schemes are designed is that every day certain amount of DETO is given our as mining/ farming rewards. The DETO you earn today, will vest over the immediately following 90 days. It is also important to note that the vesting of DETO that you have earned will be suspended until you complete your KYC.

No. Only verified users, i.e. those who have completed their KYC are allowed to buy DETO. Even if you earn DETO through liquidity/ referral mining or trade farming, you will need to complete your KYC before you can trade or withdraw it. Please go here to initiate your verification process. And, if you need help with the verification process, please have a look at this page.

DETO is an ERC20 token. You can see the details of the smart contract for DETO here.