Drep (DREP) price, marketcap, chart, and fundamentals info  IEO Drep (DREP) project details on Gate.io Startup

Drep (DREP) price, marketcap, chart, and fundamentals info IEO Drep (DREP) project details on Gate.io Startup


2021-03-22 15:19:44

Drep (DREP) price, marketcap, chart, and fundamentals info

Drep is a decentralized reputation ecosystem comprising public chains, reputation-based protocols, and tools to drive the power of Internet platforms. Drep is a project created with the goal of building “connectors” and “toolkits” based on Blockchain technology. Thanks to DREP Chain, DREP ID and DREP SDK, dApps (decentralized applications) can build multiple multi-chain public versions, wallets and asset trading platforms with just one click.

The DREP Foundation creates a decentralized reputation application – called DRApps. This application helps Internet platforms encrypt the visits to the platform while connecting to other Internet platforms. In addition, DREP Chain’s technology has improved the mass data processing capabilities of the secondary layer, highly developed, and flexible without generating gas charges. Furthermore, API DREP and Plug-in also reduce barriers to the use of Blockchain technology and disseminate knowledge to the market.

For the reasons above, DREP has addressed three extremely important issues:

  • Poor public chain performance and insufficient developer experience.
  • Separate public chain ecosystem and small user base on blockchain.
  • Mismatch between blockchain technology and enterprise needs

Currently, the project has a presence in Australia, the Middle East and Southeast Asia.

Find out more about the project at: https://www.gate.io/startup/3

IEO DREP information on Gate.io Startup

The announcement of the launch of the project of the floor on twitter at 06h56p on April 22, 2019 is as follows:

“Gate.io launches second Startup project called DREP. The project will open for sale at 11:00 – 13:00 on April 25.

DREP support: http://bit.ly/2UsLqkY

See details: http://bit.ly/2UwtMN1

  • Token code: DREP
  • Opening time: 11:00 – 13:00 on April 25
  • Total Supply: 10 billion DREP
  • Funding target: 51,000,000 GT
  • Number of DREP opened for sale: 10 billion GT
  • Starting price: 1 DREP = 0.0051 GT
  • Minimum purchase amount per account: Not less than 50,000 DREP
  • Maximum purchase amount per account: Not more than 1,000,000 DREP
  • Token distribution:


GT trading service is not yet supported, so the initial expected price P1 will be calculated by 1 GT = 0.60 USDT.

One month after the project is launched (until May 25), the price of GT P2 will be adjusted according to the daily opening price of GT on Gate.io.

If the P2 price is 10% higher than the provisional price P1, which is USD 0.66, Gate.io will refund the investor’s balance in GT, calculated at the P2 price.

Attention during the DREP subscription process

  • Buy orders will be closed at 13:00 on the same day, or closed earlier when DREP has sold out
  • Once the registration is complete, the system automatically confirms the eligible purchases.
  • Gate.io Startup will distribute tokens to the account and announce the results of the registration at 15:00 on April 25, 2019.
  • The rules for calculating token distribution and selling price are as follows:
    • [ F (tỷ lệ phần thưởng) = Tổng cung giới hạn DREP hàng ngày/Tổng cung DREP ]
    • [ P (số lượng DREP thực tế trên mỗi tài khoản) = Đơn hàng cá nhân đủ điều kiện x F ]
    • [ M (số tiền thanh toán thực tế) = P x Gía bán ]
    • – If the project is unable to fulfill its fundraising goal in a given time, the user will get an immediate refund to the account. At the same time, the project will also be canceled.

Instructions to buy IEO DREP on Gate.io Startup

Step 1: Register to create an account on Gate.io: https://www.gate.io/signup

Step 2: Authenticate user information / KYC: Do the following 3 actions:

  • Provides three photos, including the front, the back of your identity card / passport, and a portrait photo. This portrait is a photo of you holding your ID and account ID information on Gate.io.
  • Fill out the information including: nationality, full name, type of documents selected for verification.
  • Confirm the information is correct and return it to Gate.io.

Step 3: Read and sign the purchase agreement by checking the box “I have read…” and clicking “Submit” before buying DREP.

Step 4: At this point, you can deposit money into Gate.io and buy any IEO on the floor.

The above article has shared details about Drep, the 2nd IEO Drep project on Gate.io Startup. CHK hopes you have more useful information about this project and make the best decisions. Good luck!

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