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Summary of DEAPcoin
Key Points
- DEAPcoin (DEP) is a utility token for the DEA Project, a blockchain-based NFT DeFi platform.
- The platform features NFTs, games, and entertainment, with a focus on addressing IP/copyright issues in secondary market transactions.
- DEP is used to purchase NFTs, process transactions, and access DeFi services.
- 30 billion DEP tokens were created at genesis, with 20 billion reserved for ecosystem incentives and rewards.
- The team includes experienced founders and executives from the entertainment and finance industries.
- DEAPcoin is available for trading on multiple exchanges, including Gate, Bitpoint, Indodax
About DEAPcoin: Unlocking the Future of Digital Entertainment
Introducing DEAPcoin (DEP): A Revolutionary Digital Asset
The Digital Entertainment Asset Pte. Ltd, headquartered in Singapore, has embarked on the DEA Project, a pioneering blockchain-based NFT DeFi platform that converges NFTs, games, and diverse forms of entertainment. The utility token DEAPcoin (ERC-20) plays a pivotal role in the NFT Marketplace, where it is utilized by DEP to facilitate the purchase of NFTs (ERC-721), thereby elevating the gaming experience within the platform. The platform seeks to address the pressing issue of IPs/copyrights in secondary market transactions of individual artworks, ensuring that a portion of the sales is perpetually rewarded as royalties to the original creators. The company has successfully launched the “PlayMining” platform, where users can indulge in games, read manga for free, and earn DEP cryptocurrency. As of April 2021, the platform has surpassed 1,000,000 registered users, with a growing user base predominantly comprising users from Indonesia, Vietnam, the Philippines, and Taiwan.
DEAPcoin is the indigenous utility token, serving as the cornerstone for:
- Acquire unique digital assets on the NFT Marketplace powered by DEP.
- Transaction processing fees applicable.
- Utilized for DEA’s decentralized finance (DeFi) ecosystem services.
The Circulating Supply of DEPs: A Closer Look
DEP debuted on August 28, 2018, with an initial supply of 30 billion tokens at its genesis. Notably, a substantial 20 billion DEP, approximately 66%, has been earmarked for ecosystem incentives and will be distributed through PlayMining, the NFT DeFi platform, as rewards for engaging in gameplay and utilizing DeFi services, such as staking. Meanwhile, team member vesting accounts for less than 4% of the total allocation.
The Visionaries Behind DEP: Meet the Founders
DEAPcoin boasts a team of exceptional individuals, each bringing their unique strengths to the table. Notably, Co-Founder Yoshida Naohito, a seasoned entrepreneur with a proven track record of leading three successful IPOs in Japan, is a prominent figure in the entertainment media landscape. Co-CEO Kozo Yamada, with his extensive experience in producing music and variety programming at TV Tokyo Corporation, went on to establish Tsukuriba, Inc., a renowned entertainment content production company, in 2018. Rounding out the founding team is COO Shinya Kiriu, a materials scientist by background, who previously worked closely with Mr. Nobuyuki Idei, the former CEO of the Sony Group, before joining the project after a stint as a management member of an AI start-up.
Ryohei Nuka, CFO, boasts an illustrious career spanning multiple decades, with a storied tenure at Goldman Sachs, where he honed his expertise in finance and assumed various administrative roles.
According to Digital Entertainment Asset’s official website, many team members boast an impressive array of accolades, including prizes and nominations from esteemed global competitions. Notably, some have represented Japan in the International Mathematical Olympiad, with one member emerging as a finalist in 2001, while another secured 5th place in the prestigious World University Debating Championship in 2015.
Acquiring DEAPcoin: A Comprehensive Guide
DEAPcoin is now accessible for trading on an expanding array of exchanges, boasting an increasing range of cryptocurrency and stablecoin pairing options.
Notably, prominent exchanges such as
Gate
(USDT) and
Bitpoint
offer Tether (USDT), while Indodax also supports the Indonesian Rupiah, and Uniswap lists Ethereum (ETH).
New to the world of cryptocurrency? CoinMarketCap presents a beginner’s comprehensive guide to purchasing Bitcoin or any other digital token with ease.