Idea & Token
DREP is creating a decentralized reputation system to resolve the following problems the Internet platforms encounter:
– Fake content and accounts used for malicious manipulation
– Low user retention rate
– Difficulty of traffic monetization
– Isolation between both platforms and apps
On the other side, users have no incentives to manage their online reputation and no ways to monetize it.
DREP is going to resolve these problems by creating an ecosystem that will comprise of a public chain, a reputation-based protocol, and the tools for Internet platforms. Internet platforms will be able to quantify, monetize, and share reputation value of users, content, products, and services. DREP is targeting the following types of platforms:
– E-commerce platforms trading physical or virtual products or services
– Social platforms where reputation is reflected by user behavior
– Tool platforms where reputation is reflected by endorsing
– Content platforms where reputation is focused on content quality and popularity
The ERC-20 tokens called DREP will be used as gas or a payment method for value-added services related to the user information sharing pool or DREP’s trading platform. For some small and medium DRApps (Decentralized Reputation Applications), DREP will be the only form of payment and transaction currency. A total supply is 10 billion tokens. The distribution is as follows: 40% – marketing and strategic partnerships, 30% – sale, 15% – community development and treasury, 15% – team.
The Singapore-based tam consists of 10 specialists – 4 software developers and blockchain developers, including two co-founders bringing wealth of experience from Microsoft and Google, as well as people experienced at finance, design, community management, data analysis, and PR. The team is consulted by the advisory board of five
Professionals in blockchain, business development, investing, and cryptocurrencies.
DREP is aiming to unite the existing Internet platforms in order to help them resolve their issues related to the lack of reputation scoring systems. This places DREP aside from other ICO projects trying to develop separately and independently, and can simplify the engagement and adoption of the system in future. The team and advisors are strong, the roadmap is feasible, more than a dozen of partnerships, MVP is almost ready – these are advantages. Considering the existing competitors and the hard cap higher than average, the project still has all chances for success.
DREP is going to put an end to fake content and fake accounts. Does anybody mind?
DREP ICO datesexport to calend
DREP (Decentralized Reputation System) is a decentralized solution based on blockchain technology that quantifies and tokenizes online reputation for trading, investment and data sharing purposes. DREP aims to empower internet platforms to solve their pain points, restructure their value ecosystem and facilitate their transition and acceleration via reputation-centered tokenomics and blockchain technology. The ultimate goal is to unleash the value of untapped internet reputation and push forward a more engaging, high-quality, interconnected internet community, benefiting both platforms and users.
DREP Foundation provides a suite of facilities to help internet platforms not only tokenize their own platform traffic and online reputation but also connect with other platforms, also known as applications or Decentralized Reputation Apps (DRApps).
● Infrastructure for Internet Reputation System
● Reputation Connector: Data Sharing Pool & Cross-chain Protocol
● Reputation Accelerator: User Growth Engine & Traffic Monetization Engine for Small
and Medium Size DRAPPs
● Tokenomics: Reputation-backed Asset & Reputation-backed Currency
● The Hub for Reputation Data, Reputation-backed Assets and Currencies