What is DEAPcoin?

DEAPcoin (DEP) is a utility token that is integral to the DEA Project, a blockchain-based NFT DeFi platform. The platform, initiated by the Digital Entertainment Asset Pte. Ltd, headquartered in Singapore, features NFTs, games, and various other forms of entertainment. DEAPcoin is primarily used in the NFT Marketplace by DEP to purchase NFTs to enhance gameplay within the platform. The platform seeks to address issues related to IPs and copyrights for the secondary market transaction of individual artwork. The platform also includes "PlayMining", where users can enjoy playing games and reading manga while receiving compensation in the form of DEP cryptocurrency.

How does DEAPcoin work?

DEAPcoin operates as the native utility token within the DEA Project's ecosystem. It is used for purchasing NFTs on the NFT Marketplace by DEP and for processing transaction fees. It also plays a role in DEA’s DeFi services. The platform aims to reward original creators with a portion of the sales as royalty, providing them with compensation from their creations indefinitely. The platform also incentivizes user engagement by rewarding users with DEP for playing games and participating in DeFi services.

What are the potential use cases for DEAPcoin?

DEAPcoin has a variety of potential use cases within the DEA Project's ecosystem. It is primarily used to purchase NFTs on the NFT Marketplace by DEP, enhancing the gameplay experience within the platform. It also serves as a means of processing transaction fees. Furthermore, DEAPcoin is used within DEA’s DeFi services, providing users with potential compensation for their participation. The platform's "PlayMining" feature compensates users with DEP while they enjoy games and reading manga, making DEAPcoin integral to the user experience.

What is the history of DEAPcoin?

DEAPcoin was launched on August 28, 2018, with 30 billion DEP tokens created at genesis. The DEA Project, which utilizes DEAPcoin, was initiated by the Digital Entertainment Asset Pte. Ltd, a company based in Singapore. The project was started by a team of experienced individuals, including Yoshida Naohito, a well-known figure in entertainment media companies, and Shigeru Shiina, the former President/CEO of PwC Japan. The team sought to influence the anime and manga industry by protecting royalties and copyrights for manga and anime artists in the secondary market using blockchain technology. The platform now employs over 50 staff, including marketers from various renowned companies.