What Is DEAPcoin (DEP)?

The Digital Entertainment Asset Pte. Ltd, headquartered in Singapore has initiated the DEA Project, blockchain-based NFT DeFi platform featuring NFTs, games, and various other forms of entertainment. The main usage of the utility token DEAPcoin (ERC-20) is used in NFT Marketplace by DEP to purchase NFTs (ERC-721) to enhance gameplay within the platform. The platform aims to address a problem to IPs / copyrights for the secondary market transaction of individual artwork. The portion of the sales will be rewarded as royalty to the original creators eternally. The company launched the platform "PlayMining" where users can enjoy playing games, reading manga for free and earn DEP cryptocurrency. Currently there are over 1,000,000 registered users (as of April 2021) and growing exponentially, majority of users are from Indonesia, Vietnam, Philippines, and Taiwan.

DEAPcoin is the native utility token that is used for:

Purchase NFTs on NFT Marketplace by DEP.
Fees for processing transactions.
Used for DEA’s DeFi services

How Many DEAPcoins Are There in Circulation?

DEP launched on Ausgust 28, 2018 with 30 billion DEP tokens created at genesis. 20 billion DEP, nearly 66% is reserved for the ecosystem incentives and to be distributed on their NFT DeFi platform PlayMining for rewards of playing the games and DeFi services like staking. Team member vesting is less than 4%

Who Are the Founders of DEAPcoin?

DEAPcoin has unique and strong team members. The Co-Founder is Yoshida Naohito, who has led 3 IPOs in Japan, and is a well known figure in entertainment media companies. Co-CEO, Shigeru Shiina was previously the President/CEO of PwC Japan and prior to PwC he was Vice President of KPMG Consulting Japan. CFO was also previously the CFO of PWC Japan. Also the Co-Founder and CSO Kozo Yamada has a wealth of experience in producing music and variety programming at TV Tokyo Corporation, Yamada went on to establish an entertainment content production company called Tsukuriba, Inc., in 2018.

The Co-founders met and started the project to change the current anime and manga industry, to protect royalties and copyrights for manga and anime artists for the secondary market. By utilizing blockchain technology, the creators are able to earn royalties forever as long as the trades of NFT are conducted. This project now employs more than r0 staff, including marketers from Hakuhodo, Netflix, Yahoo Japan, and financial institutions like Mizuho.

According to Digital Entertainment Asset’s official website, many of the team members hold prizes and nominations from competitions in all over the world like Japan National Team representative finalist for the International Mathematical Olympiad in 2001, and champion of the Japan Parliament Debate Union Autumn Tournament 2014 and 5th place in the World University Debating Championship 2015.

Where Can I Buy DEAPcoin?

DEAPcoin is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Bittrex Global offers Tether (USDT), while Indodaxl also offers [Indonesian Rupiah], Uniswap offers , Ethereum (ETH).

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

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