Digital Entertainment Asset Pte. Ltd, based in Singapore, spearheads the DEA Project, a blockchain-driven platform centered on NFTs and DeFi. This platform showcases a variety of entertainment options, including games and NFTs. Within this ecosystem, DEAPcoin (an ERC-20 token) plays a crucial role. It is primarily utilized in the NFT Marketplace to purchase NFTs (ERC-721), enhancing the gaming experience on the platform.
The platform aims to tackle issues related to intellectual property and copyrights in the secondary market of individual artworks. A portion of sales is perpetually allocated as royalties to the original creators. The company has introduced the "PlayMining" platform, allowing users to play games and read manga for free while earning DEP cryptocurrency. As of April 2021, the platform boasts over 1,000,000 registered users, mainly from Indonesia, Vietnam, the Philippines, and Taiwan, with numbers steadily rising.
DEAPcoin serves as the native utility token and is used for:
* Buying NFTs on the DEP NFT Marketplace.
* Covering transaction fees.
* Facilitating DEA’s DeFi services.
How Many DEAPcoins Are Circulating?
DEAPcoin made its debut on August 28, 2018, with a total of 30 billion DEP tokens minted at the start. Of this, 20 billion DEP, roughly 66%, is set aside for ecosystem incentives. These tokens are distributed on their NFT DeFi platform, PlayMining, as rewards for gaming and DeFi activities like staking. Less than 4% of the tokens are allocated for team member vesting.
Who Founded DEAPcoin?
DEAPcoin boasts a distinctive and robust team. Co-Founder Yoshida Naohito, renowned for leading three IPOs in Japan, is a notable figure in the entertainment media sector. Co-CEO Kozo Yamada brings extensive experience from his time producing music and variety shows at TV Tokyo Corporation. In 2018, he founded Tsukuriba, Inc., a company for entertainment content production. Another founder, COO Shinya Kiriu, is a materials scientist who previously worked closely with Mr. Nobuyuki Idei, former CEO of Sony Group, after a stint as part of a management team in an AI startup.
Ryohei Nuka, the CFO, is a seasoned professional with a background in finance, having worked extensively at Goldman Sachs.
The Digital Entertainment Asset’s official website highlights that many team members have earned accolades and nominations in international competitions, such as a finalist position for the Japan National Team in the International Mathematical Olympiad 2001, and securing 5th place in the World University Debating Championship in 2015.
Where Can DEAPcoin Be Purchased?
DEAPcoin is increasingly being listed on more exchanges, offering trading opportunities with both cryptocurrency and stablecoin pairs. For instance, exchanges like Bitpoint Japan offer Tether (USDT), Indodax provides options with Indonesian Rupiah, and Uniswap offers trades with Ethereum (ETH).
