2017 Q3Initiate DREP project, design project framework, and draft the whitepaper.
2017 Q4Project framework design including four economic incentive models and reputation-based smart contract.
2018 Q1Register DREP Entity in Singapore; Private sale at a discounted price contract.
2018 Q21. Case sponsor for Shanghai-Singapore Business Forum x Hackathon 2018; 2. Co-establishment of Sino-Singapore Innovation Alliance (SSIA).
2018 Q31. 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 first internally incubated DRApp.
A decentralized reputation ecosystem comprising of a public chain, a reputation-based protocol and the tools for Internet platforms to leverage its power.
Symbol: DREP drep.org
01 Aug 2018 - 31 Aug 2018 7 PM GMT +8
DREP Foundation is committed to building a performance-oriented technology infrastructure supporting high transaction capacity for an ecosystem generating valuable reputation data.
Focusing on two industry pain points: lack of user adoption and low transaction throughput, DREP Foundation aims to provide a highly scalable blockchain architecture, DREP Chain, for deployment of a reputation protocol that anyone can use.
DREP Chain is a novel scale-out architecture, with a mutually independent governance mechanism for the two-layer structure as well as within shards.
The proposed initial supply of DREP tokens is 10 billion, with specific allocation shown. The above allocation is subject to change without notice.
● 40%, 4 billion for platform promotion, and strategic partnerships. The DREP platform will introduce a significant number of DRApps. In order to encourage more reputation applications built on DREP, this part will mainly go to the relevant promotion and project support.
● 30%, 3 billion for token sale. The proceeds for token sale may be directed towards platform research and development, market expansion and promotion, legal and consultation, operation and management, etc.
● 15%, 1.5 billion for long-term budget community development, branding and treasury. The foundation reserves this part of funds to prepare for the operation, administration, and management of the community.
● 15%, 1.5 billion for the founding team and early contributors.
Token Sale Allocation:
Total Token Supply 10 billion
Total Tokens for Sale 3 billion
Token Unit Price $ 0.0077