What Is Demeter (DEO)? Complete Guide & Review About Demeter

What Is Demeter (DEO)?

Demeter (DEO) is the first airdrop token with its platform called Demeter Farming Platform. Users are able to farm in multiple pools with the same LPs. Furthermore, all liquidity providers in Demeter Farming pools will get PSWAP rewards the same as before because they will not give their liquidity to the platform as is the case with smart contracts on ERC-20, BSC, and other networks.

The Demeter Coin Farming platform is not only beneficial to users who seek to put the tokens they are hodling to work. This platform provides Farming-as-a-Service feature which other projects can use to create farming for their tokens without coding. Demeter (DEO) token will have the first Play-to-Earn game on SORA – DEO Arena in which users will use DEO token for playing the game.

In ancient Greek religion and mythology, Demeter is the Olympian goddess of the harvest and agriculture, presiding over grains and the fertility of the earth. She was also called Deo. Though Demeter is often described simply as the goddess of the harvest, she also presided over the sacred law, and the cycle of life and death.

Demeter Coin was often considered to be the same figure as the Anatolian goddess Cybele, and she was identified with the Roman goddess Ceres. In Ceres ecosystem Demeter is the first airdrop with its own purpose and DeFi (farming) platform.

DEO Price Live Data

The live Demeter price today is $2.78 USD with a 24-hour trading volume of $39,273.40 USD. We update DEO to USD price in real-time. This is down 8.37% in the last 24 hours. The current CoinMarketCap ranking is #4502, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000 DEO coins.

If you would like to know where to buy Demeter at the current rate, the top cryptocurrency exchange for trading in The stock is currently Polkaswap. You can find others listed on crypto exchanges page.

Liquidity

All liquidity providers in Demeter farming pools will get PSWAP rewards same as before. Also liquidity providers will not give their liquidity to Demeter platform as is the case on ERC-20 and BSC network, for example, where LP tokens are given to smart contracts. On platform you will just give permission to use your liquidity pool tokens for farming DEO tokens. This way of farming provides more security to your funds. Educate yourself before you start farming because you are doing that at your own risk.

DEO Arena

As is the case with the first farming platform of its kind, the Ceres team again wants to be among the first, this time in building a game in the DotSama ecosystem. DEO Arena will be the first Play-To-Earn game on SORA network. In-game currency will be the XOR-native token Demeter (DEO). In the beta phase, game will be available only as a Player-vs-Player (PVP) game and later the main Battle Royale mode (with more players in same arena) will be added.

The economy

The economy logic works by players investing some amount in DEO token and the victor gets a certain percentage of funds from player who lost the battle, while the rest of DEO will be burned which will cause a reduction in the DEO supply. Users will be logging into game with their PolkadotJS wallets. Besides that, there will be DEO Arena League which will be held weekly. In those weekend League tournaments, a game will cost more in DEO tokens and the top 10 players will receive extra reward from the $100k prize pool (25k DEO tokens and 60k$ in XOR).

How to get Demeter airdrop?

Every Ceres holder who holds Ceres tokens on SORA network (PolkadotJS wallet) will get token airdrop. If you hold your Ceres token on ERC-20 network or on any centralized exchange you would t be able to get airdrop. Also all liquidity providers for XOR/CERES trading pair on Polkaswap will get airdrop.