DEIP token serves three major functions in the network:
as a governance token, DEIP token provides holders with voting rights for the election of Validators and council members, and for the adjustment of the key network parameters through referendums. Before network launch DEIP token holders will be also able to participate in governance of the network launch process by approving or declining council decisions
DEIP token is a native token in DEIP network. The token serves multiple purposes and can be used as payment mechanism, governance token, and staking for yield farming in the network. All financial transactions in the network have fees (specified by network council)
staking and yield farming
network participants can stake DEIP tokens on a specific F-NFT segment to farm the yield of underlying intangible assets. If you stake your DEIP tokens on a specific industry (segment) in the network, every financial transaction made in this industry has a fee. The fee collected is shared between the ecosystem fund and yield farmers in the industry where the transaction is performed (eg. music, movies, invention, etc)