Announcement on DREP Foundation Buyback & Lock Program 2020 Q4

Dear DREP Community,

We had completed the Buyback & Lock Program scheduled for 2020 Q4 as of 31st December 2020. Through this program, DREP Foundation had acquired a total of 151,423,352.42 DREP tokens (equivalent to $621,226.52) from the open market. They have been transferred to a lock up address visible to the public. Prior to the buyback in 2020 Q4, we have completed the buyback program in 2020 Q1 and locked 158,705,180 DREP tokens.

As a result of the buyback program in 2020 Q4, the market circulation has been reduced by 4%.


The lock-up address for the buyback program: 0x03ae3c6c9dc23923944a1268e75b69cc8a72352a

Lock-up Txid: 0x6182d551e79883f23e52ec2771903f0bc86021b485a3b35e9378133ba064035a

DREP will also launch more of such buyback programs at different stages of ecology and application development. In the future, more consumption, lock-up and burn scenarios will be launched to achieve the long-term and healthy development of DREP Token economics.

Thanks for all DREP community members’ attention and support!

DREP Foundation

18th Jan. 2021

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DREP 2.0 is the decentralized credit-data middleware based on layer-2 facilities, to be the backbone of DeFi Credit Era.