Home / Cryptocurrency / Describe the characteristics and future of cryptocurrency DREP! ICO information · Competitive comparison Summary

Describe the characteristics and future of cryptocurrency DREP! ICO information · Competitive comparison Summary

DREP ICO

DREP is a project aiming at building an ecosystem based on reputation data.

There is also a partnership with QuarkChain announced, (there are many beautiful women in the team), attention is rising.

This page summarizes the characteristics of such DREP and ICO information .

If you read this, from basic features to advantages and disadvantages, DREP is perfect for DREP.

Let’s review the overview of the ICO of the cryptocurrency DREP

Overview of DREP

ICO information and token metrics

DREP’s ICO information

WhiteList ~ 2018/06/31
standard ERC 20
payment ETH, QKC
Issue number 10,000,000,000 DREP
ICO procurement amount the amount 19,800,000 USD
Privatesale 4,000,000 USD
PrivatePresale 3,900,000 USD
PublicPresale 7,300,000 USD
Crowdsale 4,600,000 USD
CrowdSale Rate 1 QKC = 0.00770 USD

The DREP token is issued as an ERC 20 token until the main net is released as DREP Chain (2019 Q1 (January to March) is planned).

Also, until the main net is released, it will be used as a means of settlement on some DRApps (dApps on DREP).

DREP Token Metrics

Use Proportion
Marketing / strategic partnership 40%
Token sale 30%
Community development / saving 15%
team 15%

Sales including private sale, private public pre-sales, cloud sale, etc. are less than 30% of the total .

What is the reputation ecosystem that DREP makes? Describe the mechanism of DREP

DREP is a block chain to create a distributed reputation ecosystem.

Although it is often misunderstood, it is not a protocol but a project to build an ecosystem including protocols and platforms on DREP .

As you often see in the review, ” reputation ” on the Internet is very valuable.

It is very easy to understand if you think that it is a project to unify it using blockchain technology with high transparency.

A reputation ecosystem composed of three layers (layers)

DREP layer

DREP is made up of three layers, and most users touch (use) the application layer.

It is an image that constructs the upper layer using the structure of the lower layer .

By dividing it into three layers, you can expand the ecosystem more efficiently .

Layer concept

For example in clothes …

  • Infrastructure Layer = Thread
  • Core service layer = fabric
  • App Layer = clothes

Thinking like this makes it easy to understand. It is difficult to make clothes from yarn suddenly, but if you make it into a fabric and make it easier to work, you can proceed more efficiently.

I will explain in detail a detailed role in each layer as well.

Infrastructure layer (DREP Chain) / Infrastructure layer

The infrastructure layer is the part of the chain of DREP, such as database, shard, transaction, EVM.

There are various barriers to building a reputation ecosystem that DREP is trying to realize.

Specifically, it includes scalability measures, privacy / security measures, network updates, smart contract implementation, token issuance function implementation, incentive system construction, and so on.

To cope with this, DREP is working on developing chains from the infrastructure level.

Efforts of DREP Chain
  • Scalability measures by sharding
  • Adjustment of the incentive mechanism to monetize reputation tokens
  • Extensibility by distributed governance protocol
  • Support for distributed file storage such as IFPS
  • Implementation of DREP ID (account) control and management function

Core Service Layer

The core service layer is a layer that stores functions for maintaining and improving the mechanism of the DREP ecosystem .

Functions related to DREP system
  • Numerical algorithm of reputation
  • Mechanism to ensure that reputation gather
  • A system that shares reputation within the network (user data pool)
  • A system that identifies fake accounts
  • Open source code integration solution

The function to develop the reputation ecosystem called DREP has been condensed.

Application Layer

Plug-ins for DRApps and DRApps actually used by users are implemented in the application layer.

This application layer is obviously on the infrastructure layer, core service layer, so you can easily use the user data pool and incentive mechanism of the DREP network.

DRApps · Plug-in example
  • DRApps created by companies and platforms
  • Trading function of token in DREP network
  • Wallet
  • Block Chain Explorer
  • Voting plug-in or blog template

There are two basic tokens of DREP · REPX

DREP REPX
type Asset Token Stable coin
Use
/
the purpose
gas
Service usage fee
Reputable asset
Common currency of DRAPPs
Hedging tool
Reputation currency

The DREP network has two types of tokens, DREP and REPX, and their uses are different.

REPX will be issued after the DREP network has been successfully operated.

In addition to this, the platform on DREP can issue its own cryptocurrency (token).

The unique token is linked with the reputation value of each user in the network, and it helps to monetize within each platform and improve reliability.

Point
Things like exchanges that can exchange tokens within the DREP network will also be released.

Build an autonomous ecosystem with four economic models (incentive models)

DREP Incentive

DREP implements four incentive models .

It is possible to realize such a mechanism that the reputation ecosystem grows spontaneously by this.

Incentive model of DREP
  • Vote (Voting economic model)
    … Vote for content and services
  • ReputationEndorsing (Supported economic model)
    … System like a kake
  • ReputationTipping (reputation chip)
    … Services like tax money
  • ReputationValue-Adding (value added by reputation)
    … Rewards for support (support)

There are partnerships with interest projects such as QuarkChain and Zebi

DREP QuarkChain

One of the reasons for high attention of DREP is partnership and partnership with attention project.

Particularly with the partnership with QuarkChain which became about 12 times immediately after ICO, attention is getting high.

Let’s check the details of collaboration with partners, as it is not just a nominal partnership but the contents of cooperation with partner companies and why they are tying up are also disclosed properly .

DREP partnership list
  • Quarkchain
  • Comebey
  • Ziggurat
  • Yozma Group
  • Triip
  • Zebi

Introducing use cases of DREP! Thorough consideration of possibility / future potential

DREP Potential

I will focus on how DREP is actually used in the world.

Everyone can use reputation and evaluation distributed over the Internet

Reputation / review on the Internet has been dispersed .

Since all reputation data on the DREP is shared within the DREP network, there is no such reputation spreading.

The more platforms are created on the DREP, the more reputation data will be large and reliable .

Let’s understand with concrete examples
About a certain cosmetics, Amazon, Rakuten market, At cosmetics, Twitter, Instagram have different reputation, it is troublesome to unify them and compare them. If all these services are on the DREP, the user can refer to more reputation.

We can install the optimum reputation (review) system for each service platform

With the DREP ecosystem you can easily install an “optimal” review system on the platform.

“Optimal” means that you can easily set your own evaluation axis and ranking for each platform.

What is “the best” reputation system
For example, on the e-commerce platform, there are various evaluation axes such as “quickness”, “politeness”, “support system”, and so on.

With the DREP system you can easily set your own evaluation axis and it is possible to rank it easily .

Also, since each user’s data is shared with the platform in DREP, more data can be gathered and more accurate .

You can eliminate stemma and lie reviews

With the DREP system, it is possible to eliminate lies reviews, stemmers, reputable reviews with high reputation .

DREP’s reputation data is tied to individuals (DREP accounts) that post or transmit reputation.

If you send a lie review or reputation and find that it is a lie, that person (account) will lower the reputation within DREP.

Within DREP, it is expected that users with high reputation value have incentives, platforms where creditworthiness such as recruiting and finance are important are also likely to enter, so you want to keep the reputation value as high as possible.

You can earn tokens by writing and evaluating good articles on the content (blog) platform

If you make good content in the DREP network or share good content ahead of time, you can earn (earn) a token as a return.

It looks like ALIS, Steemit, and so on.

However, DREP has the difference that there is such evaluation function as one function in the ecosystem to the last.

With this evaluation function, motivation is kept so that better contents are born in DREP.

Must be confirmed in ICO! Let’s check the DREP road map

DREP Roadmap

Let’s make sure of the roadmap of DREP.

Since it is a big project that is going to be done, it is necessary to confirm the speed feeling and how to proceed with the project well.

DREP’s roadmap

season Contents
2018 Q 3 Establishment of joint block chain lab and training center with Nanyo center administrative center
Development of reputation quantification algorithm library
Developing plug-ins in the application layer
The first DRApp start of operation
2018 Q4 Third party KYC interface development
Third party IP protection introduction for content platform
β test
2019 Q1 Main net release
DREP Wallet Release
Block Chain Explorer release
Introduction of third party reputation algorithm library
2019 Q 2 Further development of plugins and derived applications
Introduction of cross chain
2019 Q 3 Reputation analysis by AI + semantic analysis
Development of mechanism of profiling / filtering of reputable connector

2018 Q 3

2018 Q 3 Establishment of joint block chain lab and training center with Nanyo center administrative center
Development of reputation quantification algorithm library
Developing plug-ins in the application layer
The first DRApp start of operation

While it is in the development stage, the first DRApp to be operated on the DREP Chain will be running.

DRApp which is scheduled to be in operation for the first time is a product like Blockbate Steemit.

As Blockbate’s tester is recruited, you can see that the project is progressing properly.

Here’s an illustrated guide to Blockbate # Blockbate # dApps
We are now recruiting Blockbate testers! Click the link and sign up to to become a tester for block 20. DREP tokens as a reward.https: //t.co/SPpbd0KNbJ pic.twitter.com/rY39CRWlZy

– DREP Foundation (@ drep_foundation) July 12, 2018

2018 Q4

2018 Q4 Third party KYC interface development
Third party IP protection introduction for content platform
β test

Development is progressing towards the operation of the main net.

Whether β tests are properly carried out is likely to be a checkpoint to the main net.

2019 Q1

2019 Q1 Main net release
DREP Wallet Release
Block Chain Explorer release
Introduction of third party reputation algorithm library

The main net will be released and the DREP network will be fully operational.

After that, development on the DREP side is of course, of course, it is likely to be a point how much external projects can be invited to DREP in marketing / publicity.

2019 Q 2

2019 Q 2 Further development of plugins and derived applications
Introduction of cross chain

It is expected to introduce a cross chain solution and collect reputation data with more dApps.

2019 Q 3

2019 Q 3 Reputation analysis by AI + semantic analysis
Development of mechanism of profiling / filtering of reputable connector

With AI, we will promote development so that more reputation data can be efficiently captured from text data.

Let’s check the road map that will be updated from time to time on and after.

Introduce the main team members of DREP! Let’s check the background

The DREP team

I will briefly introduce the team members of DREP.

Let’s see what kind of background members are gathered.

Matt Bennice / co-founder

Former Google, X software engineer. Expert technician. I have worked for over 10 years at Google +, YouTube, Accenture etc.
Master’s degree from George Washington University (computer science)
X 1 year 11 months
Google 4 years 2 months
Accenture 8 years 1 month

Stephen Xu / co-founder

Former developer of QTUM. I have experience developing with Microsoft and Tencent software.
Master’s degree in China Academy of Sciences (computer vision)
Master of Science and Technology from China
QTUM 1 year 7 months
Tencent 2 years 8 months
Microsoft 1 year

Momo Chang / Co-Founder

FinTech expert. Experience with securities analysts, investment managers, etc.
Nanoyo Technical University (Economics) Master’s Degree
Orient Securities 10 months
Kylin Investment Three months
TNS Market Research Consulting 5 months

Eric Chao / Development Manager

Senior engineer experience with iQiyi and Ele.me. ACM-ICPC, MCM etc. received a programming contest award.
Github

Yue Wang / Development Manager

Co-founder of Fengche Tech. Software development experience with Tencent and LeetCode.
Master’s degree from Carnegie Mellon University (Computer Software Engineering)
LeetCode 1 year 7 months
Jiuzhen Tech 5 months
Tencent 1 year 3 months

Ricial Fan / PR

He served as a public in the Shanghai media group. 8 years experience in branding, marketing, media relation.
Parkbox 1 year
Bank of Communications 2 years
SMG 3 years

Belinda Zhou / Business Development

Experience in consultation with Emirates Airways, Dubai Tourism. Certified interpreter · Travel consultant.
Nakayama University (Interpretation / Translation) Degree Acquired
Emirates Four months
Falcon and Associates 10 months
DubaiTourism 5 months

Ms Lien Siaou Sze / Business Advisor

Vice president of HP Asia Pacific region. Top 10 Women (Outside the US) in Fortune magazine’s business for the third consecutive top ten.
Got a doctorate from the University of Cambridge
Hewlett Packard 28 years

Qi Zhou / Advisor

The CEO of QuarkChain. Software Engineer. Experience with scalable projects on Facebook, Dell EMC.
He graduated from the Georgia Tech University
Facebook 1 year
Dell EMC 2.5 years
Google 9 months

Let’s also know about concerns and disadvantages of DREP

If investing, it is important to know about risks and disadvantages properly.

Although it is a part not introduced much, I will introduce it neatly here.

Token sale is 30% of total supply

DREP Token Metrics

Use Proportion
Marketing / strategic partnership 40%
Token sale 30%
Community development / saving 15%
team 15%

ICO overview · Token Economics also introduces tokens sold at token sale is 30% of all DREP tokens.

And the most widely distributed is the strategic partner, marketing expenses.

In the future strategic partners will also decide parameters such as mining fee at DREP Concil, so the market may not be a strategic partner not to be able to move .

What I’m trying to do is great (it takes time)

What DREP is trying to realize is to build a reputation-based ecosystem.

It is not easy to realize by merely creating a single product such as a platform or protocol.

As well as good products, speed and marketing are also important.

If DREP aims to realize the world … it is a good thing to invest in thinking, but let’s also keep in mind that there is time risk .

【Competitive comparison of DREP】 Block chain × Do you win with reputation system

If you understand DREP project well, let’s also check about projects that are competing.

Ink Protocol

ink protocol

Ink Protocol is a protocol for the marketplace and provides a distributed managed reputation and settlement system.

It is the same as DREP in that distributed reputation is managed.

However, DREP is a project to digitize it and introduce it to platforms of different industries (including non-market place).

The primary difference is that Ink is just a protocol and DREP aims to build an ecosystem.

STEEM

STEEM

STEEM is a platform for monetizing online content.

One of STEEM’s products, Steemit and DREP’s content platform are similar, so it can be mentioned as a competitor.

Steemit is a service that gives rewards to contributors of good content and those who spread it quickly.

The products themselves are similar, but there are differences in the evaluation method and inflation model in detail .

You should also keep in mind that STEEM is different from aiming to monetize content, DREP to make a reputation ecosystem, and so on.

Attention with partners with QuarkChain! DREP Project Summary

DREP

I summarized the DREP project.

Because the scale of what we are trying to realize is large, I think it will be a long-term perspective project .

I am personally working as a community manager of Japan, so I really hope that you are interested in the project (laugh)

If you want to know more about DREP · If you want to investigate, please read the white paper and check the official SNS.

Since Japan’s official Telegram has sent DREP’s latest information in Japanese , please also check here.

Author: Satchan 【Coin Desk News】 – Source Post: https://crypto-times.jp/drep/

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