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DREP

Key People

Matt BenniceCo-founder

Stephen XuCo-founder

Momo ChangCo-founder

Roadmap

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.

DREP

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.  

Token Details

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

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