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DREP

DREP

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

0.5 ETH

Bonus

10%

Commission

4%

Raised

300 / 300 ETH

Active

16.06.2018

Finished successfully

21.06.2018

Min cap

0.1 ETH

Bonus

10%

Commission

0.5%

Raised

301 / 301 ETH

Active

02.06.2018

10% discount

Finished successfully

03.06.2018

Min cap

0.1 ETH

Bonus

-

Commission

0.5%

Raised

11 / 200 ETH

Active

15.06.2018

Finished unsuccessfully

16.06.2018

Min cap

0.15 ETH

Bonus

-

Commission

3.5%

Raised

No data / 730 ETH

Active

02.06.2018

Finished unsuccessfully

06.06.2018

Min cap

0.5 ETH

Bonus

10%

Commission

3%

Raised

37 / 103 ETH

Active

05.06.2018

50% of tokens locked for 1 month.

Finished unsuccessfully

05.06.2018

Min cap

0.5 ETH

Bonus

10%

Commission

4%

Raised

300 / 300 ETH

Active

16.06.2018

Finished successfully

21.06.2018

Min cap

0.25 ETH

Bonus

-

Commission

5%

Raised

282 ETH

Active

12.06.2018

Lock-up: 50% locked for 1 month

Finished successfully

13.06.2018

Min cap

0.3 ETH

Bonus

10%

Commission

10%

Raised

20 / 30 ETH

Active

05.06.2018

Finished unsuccessfully

07.06.2018

Min cap

0.15 ETH

Bonus

-

Commission

4.5%

Raised

90 / 100 ETH

Active

12.06.2018

Finished successfully

14.06.2018

Analytics

Category: Protocol, Infrastructure                                                                            Country: Singapore  Date: June 20, 2018

 

INTRO

Decentralized Reputation System (DREP) - is a decentralized solution based on blockchain technology that quantifies and monetizes reputation value and uses it for trading, making investment, sharing data and providing services for all the Internet platforms

 

TOKENOMICS

Metrics:

  • Ticker: DREP
  • Token type: ERC20
  • ICO Token Price: 1 DREP = 0.0110 USD
  • Fundraising Goal: $28,7M
  • Total Tokens: 10,000,000,000
  • Available for Token Sale: 30%
  • Time PreICO: TBA
  • Time ICO: TBA
  • Accepts: ETH
  • Restricted areas USA, China

Bonus Program:

  • Private Strategic Sale: no bonus
  • Private Presale: 15% bonus
  • Public Presale: 10% bonus
  • Public Crowdsale: 0% bonus

 

Tokens distribution:

  • 40% - Marketing & Strategic Partners
  • 30% - Token sale
  • 15% - Community development
  • 15% - Team

 

Funds allocation:

  • 50% - Development
  • 20% - Staffing
  • 10% - Legal
  • 10% - business development
  • 10% - Operations

 

Protective measures against the tokens depreciation

Lock-up period:

  • Private Strategic Sale - 50% - 90 Days
  • Private Presale  - 50% - 45 Days
  • Public Presale - 50% - 30 Days

 

 

 

PRODUCT

The relevance of market problems solved by the project

Existing reputation system on Internet platforms has problems such as untrustworthy data, malicious manipulation, monotonous evaluation mechanism, lack of economic incentives, “isolated island effect”, etc.

“Isolated Island Effect” in the reputation system refers to the difficulty to communicate between different platforms because, at the moment, every Internet platform has its own set of user system and the reputation accumulation happens in its own ecosystem. However, if we manage to communicate users’ reputation value over different platforms, it would benefit both platforms and users regarding reference value, management value and motivational effects.

 

The most obvious flaw on the Internet platform is a series of reputation distortion problems brought by “centralization”:

  • Search Engine Optimization Cheating
  • “Fake Army”
  • “Fake Order”
  • “Bad Reviewer”
  • “Pusher” Phenomenon

 

Solutions Provided by DREP Economy:

  • Reputation Quantification Mechanism
  • Voting Economic System
  • Fake Accounts Identification
  • Reputation Data Sharing Pool

 

The description of key products and project technology

DREP develops its infrastructure network and builds its core service layer by combining economic models and incentive module, smart contract templates and components, role definition and management, reputation value algorithm database, AI + semantic analysis, and voting system. Based on the core service layer, DREP supports centralized reputation application of DRApp, DREP trading platform, blockchain explorer, wallet, plugins and derived applications, developer tools, etc.

DREP chain architecture is comprised of a main chain and shard chains separately in PoS and modified PBFT scheme, and varied in assigned smart contracts, so as to optimize scalability in parallel and significantly decrease coupling between chains.

DREP chain is based on Sharding, the technology to divide nodes into multiple subsets (shards), which process the different groups of transactions in parallel.

In addition, DREP keeps the data stored and managed in shards separately, namely statesharding, which eases the burden of each node to store transactions, execute smart contracts and maintain normal operation.

 

 

The stage progress and milestones of the project development (Roadmap)

A MVP of a DRApp that has been internally incubated and demonstrated during Drep’s roadshow in Seoul and Singapore in May will be showing once they perfect their UX/UI. The repository on GitHub is not found.

 

Key milestones of the road map:

  • 2018 June: DREP first Internal incubated DAPP launched
  • 2018 Late June: Exchanges Listing
  • 2018 Q4: Beta test of reputation infrastructure network
  • 2019 Q1: Mainnet Launched

 

The importance of blockchain in the project

As an open source network, DREP supports various platforms to release tokens on the network to achieve reputation management of its internal ecosystem. Meanwhile, DREP will provide various types of platforms with smart contract templates for token sales to simplify the digitalization process of user reputation system and lower the barriers for platforms to enter the blockchain network.

 

DREP’s vision is to build a reputation-centred blockchain platform for the Internet by utilizing decentralized mechanism, economic incentives, and data sharing; to break the data barriers between different Internet platforms and quantify and monetize the reputation value of users, content, products, services etc. on the blockchain; to allow reputation-owners to manage their reputation in a safer and more private way; to enable applications on the Internet to maximize the value of reputation data.

 

 

 

 

TEAM AND PARTNERS

Experience and the team achievements

The team 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.

Expert development team built from professionals with experience at QTUM, Google, iQiyi, etc.

Two of the cofounders seem to be involved in multiple projects (focus).

 

Advisory board

Advisory board consists of 5 experts in the field of blockchain technology, business development, investing, and cryptocurrencies.

Lien Siaou Sze - Core Business Advisor - Vice President at HP Asia Pacific. For three consecutive years, she ranks the Top 10 of the Fortune’s Top 50 Women in business outside the U.S.

Nicola Bettio, Advisor – Director of KAUST Innovation Fund MBA of INSEAD.

 

Strategic partners

The team have established strategic partnerships with more than 15 entities:

Quarkchain (market cap - $46M)

QTUM (market cap - $903.6M)

Nanyang Technological University

Shanghai Singapore Business Association

and various investment/venture funds.

 

Large investors and investment funds

Blockway Capital, Horman Capital, QTUM, Elna Chin Foundation, Block Origin Capital, Leader Capital, Innospace+, Yozma, Jenga, Innovate 360, Block71 Private Sale:  raised US$4.6m

Private Presale: raised US$5.6m

 

 

 

MARKET

Competitive environment

Ink Protocol during ICO $15 M is raised, capitalization is $5.1 M, ROI USD - 0.22x

Verify - $2.5 M is raised, capitalization is $1.6 M, ROI USD - 0.54x

Layer Protocol, Talao, Hub token, MetaCert Protocol - projects are in preparation for the ICO

 

The project advantages

  • Strong team with solid blockchain basis, profound BD and PR strategy and knowledge in reputation
  • A highly scalable solution that has a high velocity of user base growth
  • Internally incubated product that can generate more than thousands of token holders at its launch, which can support the token price and help to market the main product
  • Continuous release of live DApps can guarantee a long-term stability, interest in the project
  • DREP doesn’t plan to be a stand-alone platform like many existing competitors, but rather provide a protocol for the existing internet platforms.

 

 

 

SOCIAL ACTIVITY

The project popularity in the social networks and discussion forums

  • Telegram: 19.3k members, user activity is high
  • Facebook: 110 followers, average number of likes per post is 2, average number of sharing ings per post is 1.
  • Twitter: 1.2k readers, average number of likes on one tweet is 15, average number of retweets per post is 4
  • Medium: 210 followers, post commenting activity is very low
  • Reddit: n/d followers, average number of comments per post is 1

Lendex0, Sergio, Tom H. Chase, Mandy and DidiCarter are promoting the project

 

 

Fraud risk - low. Community interest - high.

 

Product - 7.8
Team and partners - 8.5
Market - 6
Average score - 7.4

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)