DREP MONTHLY REPORT 6.1–6.30 | $DREP Listed on Coinbase
Dear DREPers,
July is just in! Before enjoying the summer sunshine, DREP glances back at the halfway of 2022, a meaningful month of June. Over the Q1-Q2, DREP has made notable achievements in ecosystem expansion as well as technical advancement, right on the track of DREP 2022 roadmap.
June is also rewarding for DREP family. On technical side, DREP has optimized its DAO-layer structure to explore the potential utility of SBT (Soul-bound tokens) based on DREP DID, laying a reliable foundation for the upcoming decentralized society (DeSoc); and envisioned a cross-chain NFT mechanism with DREP Crossing and the upcoming NFT tool to better rejuvenate Web3 ecologies.
Ecosystem side, DREP has reached another milestone — listed on Coinbase with 2 trading pairs, namely $DREP | $USD and $DREP | $USDT. Moreover, DREP has maintained active participation in Binance Referral Program, offering extra bounty points to any new sign-up account, and $DREP now enjoys a raised APY of 50% on Binance Savings.
Technology
DREP to Boost a Cross-chain NFT Mechanism
As NFT thrives in financialization, the market has become yet illiquid due to separate ecosystems and an immature mechanism. With the foresight to address current predicament and raise market efficiency, DREP proposes a solution which combines DREP crossing and DREP’s upcoming NFT tool to establish an efficient cross-chain NFT mechanism. DREP will provide layer 1&2 support and token mapping which enables asset interoperability, efficient on-chain operation and lower gas fee; while the upcoming NFT product will act as an aggregator that collects all sorts of NFT information into one portal. Integrating the two of them, DREP is confident in bridging fragmented ecosystems and entrusting a more efficient NFT market.
Optimized DAO-layer for an Upcoming DeSoc
With DAO becoming the major way of governance in Web3, DREP has formed a credit loop for DAO governance, which includes DREP DID, DREP Credit, on-chain KYC and the upcoming credit rating system. DREP DID, the prototype of SBT (Soul Bounded Token), together with DREP credit, is fundamental in a visionary DAC (Decentralized Autonomous Community) or DeSoc (Decentralized Society). DREP DID is able to encompass user-generated digital images across different platforms, allowing users to have one identity with integrated credit profile. In addition, DREP’s upcoming credit rating system will be able to evaluate individuals’ credit level and give each identity a credit score as a reference, so that community members will have their due saying in DAO governance and carry a dynamic weight in activities such as community voting.
Ecosystem
$DREP New Listing on Coinbase
DREP fulfilled another remarkable listing milestone in June. Following adding up a new trading pair ($DREP/$BUSD) on Binance, DREP was officially listed on Coinbase with two trading pairs, i.e. $DREP/$USD and $DREP/$USDT. This is only the start of DREP 2.0 and DREP is sure to explore more presence on more top-tier exchanges, to bring extra benefits for DREP supporters and expand DREP’s global influence to a wider scope in the future.
$DREP/$USD: https://pro.coinbase.com/trade/DREP-USD
$DREP/$USDT: https://pro.coinbase.com/trade/DREP-USDT
Upgrading Joint Programs with Binance
DREP has also maintained a dynamic relationship with Binance and has been supportive to Binance activities. In addition to getting 20% trading fees back on every spot trading, any new sign-up account via DREP referral link will enjoy extra DREP bounty points as a community reward from DREP. Moreover, the APY for $DREP was raised to 50% on Binance savings for 30-days $DREP lock-up, subscribe here to earn now!
DREP Retains Global Influence on Social Media
Having been ranked top coins multiple times, DREP has displayed its commitment to extending its impact and presenting active social interactions. This month, DREP was again ranked top coins by LunarCrush Galaxy Score™, suggesting DREP’s outstanding performance in positive price momentum, frequent social activity, upwards post sentiment and high scores in correlation rank. On the way ahead, DREP determines to dedicate in sustainable community-led growth and will strive to earn recognition from more reputable agencies.
NOTE:
DREP has successfully completed the 100:1 redenomination plan. The $DREP [old] contract has been stopped from June 24 2022. Please only consult the valid contract address as follows:
The only valid $DREP (ERC20) smart contract: 0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2
The only valid $DREP (BEP20) smart contract: 0xec583f25a049cc145da9a256cdbe9b6201a705ff
For more information,
Telegram group: https://t.me/drep_foundation
DREP Twitter: https://twitter.com/DrepOfficial
DREP Official Website: https://www.drep.org/
DREP Crossing: https://www.crossing.network
