DREP ICO (DREP)
Blockchain based reputation system
"DREP is a blockcain based reputation system. DREP aims to address the problem of fake news, accounts, and content. DREP's decentralized reputation algorithm will quantify the reputation value of various elements of the online community. DREP will enhance the tokenomics of its reputation system via a reputation backed currency and reputation backed assets."
DREP Score Analysis
DREP Foundation aims to create an ecosystem that quantifies, monetizes and aggregates reputation value of businesses in various industries - DREP have explored this market in their whitepaper, but did not explore competitors in their whitepaper. Two of the cofounders are moderately experienced, though we could not verify all experience, and the third cofounder could not be verified. There is only one verifiable development team member, and there is a lack of CTO. DREP has already released several individual products, which are of a high standard and function well - the full platform aims to be released Q1 2019. However, a Github could not be located, and onsite, team images had generic names. The CMO is inexperienced - marketing efforts have been average, with a low response from the cryptocommunity. One final warning flag is a lack of consideration for regulation, which was not discussed in the whitepaper or onsite.
DREP Use of Token
DREP is the platform's native token. DREP is an Ethereum based ERC20 token. 3 billion DREP tokens will be offered for sale via the ICO, which correspond to 30% of the total token supply. The DREP token will be used to tokenize the user growth system, reward users for upvoting/downvoting content/users, and execute transactions at substantially low cost.
Organization
DREP Foundation Ltd
Platform
Ethereum
Coin type
Utility Token
Category
Misc
Max cap
19,800,000
Max supply
10,000,000,000
Price
0.0077
DREP Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
DREP Distribution
DREP Use of Proceeds
DREP Team Members
DREP Advisors
DREP Past Events
- 30 September, 2019
Initiate DREP project initiation, design project framework design, and draft the white paper.
- 31 December, 2019
Project framework design including four economic incentive models and reputation-based smart contract.
- 31 March, 2019
Register DREP Entity in Singapore; Private sale at a discounted pricecontract
- 30 June, 2019
1. Case sponsor for Shanghai-Singapore Business Forum x Hackathon 2018 2. Co-establishment of Sino-Singapore Innovation Alliance (SSIA)
- 30 September, 2019
1. Cooperation with Nanyang Center for Public Administration to establish a joint blockchain lab and training center 2. Further enrichment on Reputation Quantifying Algorithm Library 3. Development of plugins on application layer 4.Launching of the first internally incubated DRAPP
- 31 December, 2019
1. Deployment of third party KYC interface 2. Deployment of third party IP Protection for content platforms 3. Beta test of reputation infrastructure network
- 31 March, 2019
1. Main net launch 2. DREP Wallet/Explorer 3. Introduction of third party reputation algorithm library
- 30 June, 2019
1. Development of more plugins and derived applications 2. Cross-chain interoperability
- 30 September, 2019
1. AI + Semantic Analysis to do text mining for more accurate quantified reputation 2. User profiling and filtering mechanism in reputation connector