Overview

DREP is a decentralised ecosystem based on blockchain technology which empowers various Internet platforms to quantify and monetise reputation value.

Project stage

Only a whitepaper

Detailed description

The DREP Foundation aims to provide a decentralized reputation protocol that will both empower internet platforms to solve many existing pain points, as well as to unleash the untapped value in their users reputations.

DREP’s vision:

  • Build an infrastructure to accelerate internet platforms’ user growth and traffic monetization
  • Establish token holders sharing pool for more targeted user acquisition 
  • Enhance tokenomics based on reputation-backed assets and reputation-backed currency
  • Tackle the issues of fake news/contents/accounts identification and filtering.

Problem

Internet platforms:

  • Fake news/contents/accounts and malicious manipulation
  • Expensive c-side traffic and low user retention rate
  • Monotonous profit models and growing difficulty of traffic monetization
  • Intended escape from internet commission requirement for tokenization instead of decentralization
  • Isolation among DAPPs / Platforms

Users:

  • Lack of incentives to manage online reputation
  • Lack of approaches to monetize online reputation

Solution

Decentralized Reputation System:

  • Voting System Voting Mapping for Manipulation Verification
  • Fake Accounts Identification Sybil Attack Prevention KYC
  • Reputation Monetization (Social Mining/Tip/Invest) Models
  • Reputation Quantifying Mechanism and Algorithem Library for Internet Platforms

Reputation Connector:

  • Reputation Data / Token Holders Sharing Pool
  • Reputation Exchange Hub

Features

Scalability
To overcome the fundamental limitation of existing scalability catering to the needs of large scale Web-based DRApps.

Privacy
To enhance security and encryption features by utilising ring signatures on reputation data.

Data Aggregation
To deploy reputation protocol with requiring capabilities of data storage and data aggregation.

Processing Spend
To be able to provide low to no value transactions with substantially low cost.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : DREP
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 19,800,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :10,000,000,000 DREP
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :3,000,000,000 DREP
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Crowdsale Round 2 — Ended
      02 Aug 13:00 UTC
      06 Aug 00:00 UTC
      0.00077 USD No - Uncapped Uncapped
      Crowdsale Round 1 — Ended
      Start Soon
      End 02 Aug 05:00 UTC
      0.0077 USD No Max 1 ETH Uncapped 4,000,000 USD
      Public Presale — Ended
      Start Soon
      0.012 USD 10% - Uncapped Uncapped
      Private Pre-sale — Ended
      Start Soon
      0.011 USD 15% - Uncapped 3,900,000 USD
      Private Strategic Sale — Ended
      Start Soon
      0.011 USD 30% - Uncapped 4,000,000 USD
      Public Presale

      Lock up period: 50% - 1 months

      Private Pre-sale

      50% of total tokens to be locked up for 45 days

      Private Strategic Sale

      20% no lock-up

      Read more about vesting and bonus
      • Team

        • Matt Bennice photo
          Matt Bennice
          Co-founder
        • Stephen Xu photo
          Stephen Xu
          Co-founder
        • Momo Chang photo
          Momo Chang
          Co-founder
        • Eric Chao photo
          Eric Chao
          Core Development
        • Yue Wang photo
          Yue Wang
          Core Development
        • Xuan Zhang photo
          Xuan Zhang
          Lead UX/UI Designer
        • Akmaral Orazaly photo
          Akmaral Orazaly
          Data Analyst
        • Belinda Zhou photo
          Belinda Zhou
          Lead Biz Dev
        • Ricial Fan photo
          Ricial Fan
          Public Relations
        • Jingsi Wu photo
          Jingsi Wu
          Community Manager
      • Advisors

        • Siaou-Sze Lien
          Core Business Advisor
        • Qi Zhou
        • Nicola Bettio
          Core MENA Advisor
        • Adrian Lam
        • Joel Ng
        • Genlin Shen

      Roadmap

      • Q3 2017

        Initiate DREP project initiation, design project framework design, and draft the white paper

      • Q4 2017

        Project framework design including four economic incentive models and reputation-based smart contract 


      • Q1 2018
        • Register DREP Foundation in Singapore
        • Private funding at a discounted 
      • Q2-Q3 2018
        • Co-establishing of Sino-Singapore Innovation Alliance (SSIA)
        • Cooperation with Nanyang Centre for Public Administration to establish a joint Blockchain laboratory and practice base
        • Become a case sponsor for Shanghai-Singapore Business Forum x Hackathon 2018
        • Launching of the first internally incubated DRAPP
      • Q4 2018

        Beta test of reputation infrastructure network


      • Q1 2019

        Mainnet launched


      Activity