DEEPSPACE (DPS) isn't a cryptocurrency you buy to get rich. It's not even close to being an investment. If you're looking for a coin that might double in value next month, walk away. DEEPSPACE (DPS) is a game token - a digital currency built for one thing: playing a space exploration game.

What is DEEPSPACE (DPS) actually used for?

DEEPSPACE is a 3D space strategy game where you pilot ships, mine resources, fight AI enemies, and trade with other players. The $DPS token is the only currency inside that game. You use it to buy ship upgrades, trade NFTs on the Outpost marketplace, or pay for in-game services. That's it. There are no staking rewards. No yield farming. No promises of future payouts. The official website deepspace.game is clear: "$DPS has no financial return guaranteed, implied or expected."

This isn't like Axie Infinity or The Sandbox, where people bought tokens hoping to cash out later. DEEPSPACE never tried to be that. It was built as a pure play-to-earn game, but even that part is broken now. The economy doesn't have enough players to keep the token valuable.

How much is DPS worth right now?

As of January 2024, $DPS trades around $0.0055. That sounds low, but consider this: its all-time high was $0.88. That’s a 99.38% drop. If you bought at the top, you’d have lost almost everything.

On CoinGecko, it’s ranked #4958 out of over 25,000 cryptocurrencies. Its market cap? Just $476,746. Compare that to Star Atlas ($128M) or Alien Worlds ($41M) - both games in the same space theme. DEEPSPACE doesn’t even come close.

And here’s the kicker: the 24-hour trading volume is $4.73. That’s less than a latte in Wellington. For context, Enjin Coin (ENJ), another gaming token, trades over $24 million in the same period. If nobody is buying or selling, the price can be manipulated by one person with a few thousand dollars. That’s not a market - it’s a ghost town.

Is the technology safe?

Yes, technically, it’s secure. The smart contracts were audited by Certik - one of the top blockchain security firms - and received a "very high security rating." The team uses Gnosis Safe multi-signature wallets, meaning no single person can steal the treasury. Funds need approval from at least three team members. That’s good practice.

But security doesn’t fix a broken economy. Even if the code is perfect, if no one plays, the token has no value. The game’s infrastructure works. The wallet integration with MetaMask is smooth. The contract address (0xb7b1570e26315baad369b8ea0a943b7f140db9eb) is real and listed on CoinGecko. But none of that matters if the game isn’t fun or sustainable.

Who plays DEEPSPACE?

Not many.

As of January 2024, only 1,247 unique wallets were active in the DEEPSPACE ecosystem. That’s less than the number of people in a small New Zealand town. Compare that to Axie Infinity’s 1.2 million active users at its peak. Reddit has 12 active threads about it. Discord has 1,842 members, but only 3-4 people are online at any time. YouTube reviews? One positive one out of dozens.

Most players who tried it say the same thing: the graphics are decent, the interface is clean, but the in-game economy feels artificial. You can’t earn enough DPS to justify the time. The items you buy with DPS don’t give you any real advantage. There’s no progression loop that hooks you. It’s like buying a ticket to a concert that never starts.

Why does this matter?

DEEPSPACE is a textbook example of what happens when a GameFi project ignores the basics: fun first, economy second.

Many crypto games try to build economies before they have a real game. They assume if you put a token in a game, people will play. That’s wrong. People play because it’s fun, challenging, or social. Then, if the economy is balanced, the token has value.

DEEPSPACE did the opposite. They launched a token with a massive supply (over 100 million), then hoped players would show up. They didn’t. Now the token is stuck in a $0.005-$0.006 range for over 87 days straight. No movement. No interest. No reason to care.

Should you buy DPS?

If you’re curious about the game: download the demo. Try it. See if you like the mechanics. If you enjoy space sims and don’t mind grinding, maybe it’s worth your time - but only as entertainment. Don’t spend money on DPS expecting it to rise.

If you’re looking to invest? Avoid it. The project has no funding pipeline, no active development, and no community growth. GitHub shows only 3 commits in January 2024. The roadmap promised new features in Q1 2024 - none have been delivered. The team says they have "vaulted tokens" to fund development through Q3 2024, but they won’t say how much or how it works.

Industry analysts say projects with market caps under $500,000 and trading volumes under $10,000 have an 87% chance of dying within a year. DEEPSPACE fits that profile perfectly.

How do you get DPS?

You can’t buy it on Coinbase or Binance. You need to use a decentralized exchange like PancakeSwap. Connect your MetaMask wallet, swap BNB or ETH for $DPS using the contract address 0xb7b1570e26315baad369b8ea0a943b7f140db9eb. The liquidity pool has less than $71 in total funds. That’s how little trust there is in this token.

Adding it to MetaMask is simple: click "Add Token," paste the address, and confirm. But again - why? Unless you’re playing the game, it’s just a number on your screen.

What’s the future of DEEPSPACE?

Right now, it’s on life support.

CryptoCompare gave it a "critical" risk rating of 92/100. GameFi Analytics says it’s likely to become inactive within 12 months. The only reason it’s still alive is that the team hasn’t given up. But without a major update, a marketing push, or a flood of new players, it’s just waiting to fade.

There’s no scandal. No rug pull. No fraud. Just a game that failed to attract players. And when players leave, the token dies.

DEEPSPACE (DPS) isn’t a crypto coin you should hold. It’s a lesson. A reminder that blockchain games need to be fun before they’re financial. And this one? It just isn’t.