DREP initial coin offering (ICO)

Decentralized Reputation System



In response to the issues of fake news/contents/accounts, DREP Foundation aims to provide a blockchain infrastructure and decentralized reputation protocol. These will empower existing Internet platforms to unleash their reputation value and achieve the interconnectedness of reputation data in the Internet community. DREP's vision: - Build an infrastructure to accelerate internet platforms’ (social networking, online content providers, online games) user growth and traffic monetization - Tackle the issues of fake news/contents/accounts identification and filtering - Enhance tokenomics based on reputation-backed assets and reputation-backed currency - Establish token holders sharing pool for more targeted user acquisition

3.4
6 6 expert ratings
2.8
3.3
3.4
3.4
View rating distribution
Starts in 1 second ago
2019-06-26 - 2019-06-26
Token
DREP
Type
ERC20
Price in ICO
1 DREP = 0.0077 USD
Platform
Raised
0
preICO start
May 11, 2018
More on ICO
Report

About DREP ICO

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 Foundation provides a decentralised reputation ecosystem comprised of a public chain, a reputation-based protocol and a suite of tools for internet platforms (DRApps) to leverage its power.
DREP Chain Overview
DREP Chain is a novel scale-out architecture, with a mutually independent governance mechanism for the two-layer structure as well as within shards.  
Characteristics of DREP Chain:
1. Scalability - To overcome the fundamental limitation of existing scalability catering to the needs of large scale Web-based DRApps
2. Tokenomics - To allow the flexibility and versatility of reputation-based tokenomics for DRApps
3. Zero Identify Proof/ Privacy - To enhance the data privacy security and encryption features by providing user's ability to have a private identity in a public ledger
4. Data Aggregation - To deploy reputation protocol with requiring capabilities of data storage and data aggregation
5. Processing Spend - To provide low to no value transactions with substantially low cost  
Reputation Protocol Overview
DREP is developing a technology layer that quantifies, monetizes and aggregates reputation value of users across different platforms, including e-commerce, gaming, content, social networking platforms.  
The reputation protocol is uniquely designed to serve the reputation-based assets and currencies running both internal ecosystem and across platforms, thus empowering data sharing and easing the information silo effect.


  • Core Components of Reputation Protocol

  • Reputation Quantifying Mechanism

  • Tokenized User Growth System

  • Upvote/Downvote Mechanism

  • Fake Account Identification  

  • Token Holder Sharing Pool  

  • Reputation Exchange Hub  

DREP reviews

Nozomu Nakazato
ICO consultant
Rated on Jul 22, 2018
3
3
3
16%

The eradication of fraud which the project is working has a big meaning in the Internet society.
The project is also blessed with teams.
Although the hard cap is 3 billion Token, what happens to the project if it does not reach here? For example, in case of 1billion.
I would like to know what kind of change is caused by raised funds.
Also, the role played by tokens is not so strong.

Scott Brown
Senior Technology Executive, ICO Advisor, CryptoCurrency Enthusiast, Investor
Rated on Jun 8, 2018
3
4
4
12%

Team:
- Competent team from good cross section of companies

- Happy to see someone with finance experience on the team to manage the money (Momo)

Facets to explore:
- !! Project has not passed KYC here on ICOBench.. Will attempt to contact team.

- Stephen has a dead Linkedin link here..

- Would like to see more seasoned management on the team that has run companies before.

- Two of the cofounders seem to be involved in multiple projects (focus); Be good to understand the plan here.

Product/Vision:
- Great initiative to get rid of fake (everything) online and drive accountability

Facets to explore:
- $48 MM hardcap is way outside the hot zone for an ICO raise; this will work against the initiative. reconsider.. would like to see a stage gate raise approach that is performance / milestone / tranche based. Without an extraordinarily solid plan and a very seasoned team, this amount of money is a distraction in itself.

**Funny note.. Drepp Drapp .. maybe tips should be Dripps or Dropps on the Drapp.

Notice: I do not provide investment advice. Please see my profile for important disclosures.

Zi Shuen Wong
President of Nanyang Blockchain Association | Founder of MR ICO | ICO Researcher and Analyst
Rated on Jun 22, 2018
4
3
3
9%

Project
Opportunities
- ‘Platform’ project usually has good ROI
- It is a new and innovative idea in the space
- Huge market size with virtually no competitor as of now
- Have unique value proposition
Concerns
- No proof-of-concept as we are unsure of the market needs for such product or service


Team
Opportunities
- Team is pretty strong with relevant blockchain experiences
Concerns
- Advisors are not too impressive


Tokenomics
Opportunities
-Nil
Concerns
- The token doesn’t seem to have good utility


Token Metrics and Structure
Opportunities
- Good bonus structure with maximum bonus of only 30%
- The price is low, and that is good
- 30% bonus for private investor is reasonable
- 50% of token is locked to avoid dumping on exchange
- Team’s tokens is vested
Concerns
- Hard cap is relatively high in this bear market


Roadmap and Progress to-date
Opportunities
- Not just a ‘whitepaper project’, but already have MVP
- Looks like they already have exchanges secured
- Mainnet is 2019 Q1 is reasonable
Concerns
- Nil


Community Support and Hype
Opportunities
- The hype is quite high
- Telegram = 16,000 members (without Airdrop)
- The team has refunded all the pools, and this can create more FOMO
Concerns
- Nil


Timing
Opportunities
- Good timing as most of the recently listed ICOs have good performance
Concerns
- Nil


Partnership
Opportunities
- Partnership with Quarkchain (Quarkchain 20x within the 1st week of hitting exchanges)
- Qtum foundation backing
Concerns
- Nil


Conclusion
Short-term = good
Long-term = good
Decision = Buy
Bet amount = Medium

Sainath Gupta
Founder,CEO at PrimeTradeAI uses AI Blockchain Trading ICO | Crypto 8 year
Rated on Jul 8, 2018
3
3
3
10%

DREP is decentralized reputation network that leverages blockchain technology to tackle issues of fake news, fraudulent accounts, and false content. The goal is to quantify, monetize and share reputation value.
Has some good partnerships
Small amount of tokens for sale is concern ( 30%) and also 40% for marketing as well
No testnet last we checked

Steven Costa Martins
Blockchain and ICO investor/advisor ★ Fintech ★ Technologist
Rated on Aug 1, 2018
4
4
4
9%

A decentralized reputation ecosystem comprising of a public chain, a reputation-based protocol and the tools for Internet platforms to leverage its power

Pros:
- Strategic Investment by KuCoin
- Quarkchain partnership
- Reduced its hardcap from 28.7M to 19.8M
- Has made progress with their product

Cons:
- Two different tokens
- Quite a few projects related to reputation data management such as Ink Protocol already exist
- Adoption may prove to be difficult

PlumBot
ICO Analyzer Bot
Rated on Sep 7, 2018
0
0
0
44%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

DREP ICO price

Price in ICO

1 DREP = 0.0077 USD

DREP (DREP) crypto

DREP coin

DREP token
DREP
DREP type
ERC20
DREP platform

DREP (DREP) value

Tokens for sale
3000000000

DREP investment info

Distributed in ICO
30%

DREP whitepaper

DREP team

Apply as an advisor

Matt Bennie

Co-Founder

Stephen Xu

Co-Founder

Momo Chang

Co-Founder

DREP milestones

1
2018 Q2

WePower idea

2
2018 June

WePower idea

3
2018 Q4

WePower idea

4
2019 Q1

WePower idea

5
Q1 2018

WePower idea

6
Q2 2019

WePower idea

7
Q3 2017

WePower idea

8
Q3 2018

WePower idea

9
Q4 2017

WePower idea

10
Q4 2018

WePower idea

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