DareToken (DRE) is a project that seeks to offer value in creating and sharing social media challenges through rewards. Users can create unique challenges and give incentives for participation in the form of points and cash.

As per its whitepaper, the DareToken project seeks to offer a common framework for hosting and participating in online challenges. Also, users can create dares, define conditions for completion of dares and release funds to the winners. The platform uses the Binance Smart Chain (BSC) Wallet for users to transfer, withdraw and conduct transactions within the challenge to receive tokens and coins.

The native token for the DareToken platform is DRE. It is a BEP-20 token on the Binance Smart Chain (BSC). BEP-20 is a token standard that defines the rules of token usage on BSC. The token is intended to be used across platforms with in-app trading and reward systems. Users can trade DRE tokens for the challenges on the platform and encash with regular currency or card payments.

Furthermore, DareToken aims at offering a platform for the participants to launch and accept challenges and host online competitions. Along with this, the project also plans for the participants to provide video footage of completed challenges and give ratings and monetary rewards on the basis of results and community voting systems.Users also require DRE tokens in the ecosystem to create challenges, bets, earn on contents, prize funds, and more.

The team behind DareToken consists of Roland Quaye as the Founder, John Koki Mbir as the CTO, Miracle Ani as the Marketing Executive, and other members across Uruguay, Ghana, the USA, and Nigeria.Moreover, the team aims for the project to be adopted among the gaming community and content creators as a whole.