Decentralized Reputation System (DREP) is a decentralized solution based on blockchain technology that quantifies and monetizes reputation value and uses it for trading, making investment, sharing data and providing services for all the Internet platforms. DREP’s vision is to build a reputation-centred blockchain platform for the Internet by utilizing decentralized mechanism, economic incentives, and data sharing; to break the data barriers between different Internet platforms and quantify and monetize the reputation value of users, content, products, services etc. on the blockchain; to allow reputation-owners to manage their reputation in a safer and more private way; to enable applications on the Internet to maximize the value of reputation.
Attention. There is a risk that unverified members are not actually members of the team
$19 800 000
Market Competitive environment:Ink Protocol during ICO $15 M is raised, capitalization is $5.1 M, ROI USD - 0.22xVerify - $2.5 M is raised, capitalization is $1.6 M, ROI USD - 0.54xLayer Protocol, Talao, Hub token, MetaCert Protocol - projects are in preparation for the ICO
The project advantages:Strong team with solid blockchain basis, profound BD and PR strategy and knowledge in reputationA highly scalable solution that has a high velocity of user base growthInternally incubated product that can generate more than thousands of token holders at its launch, which can support the token price and help to market the main productContinuous release of live DApps can guarantee a long-term stability, interest in the projectDREP doesn’t plan to be a stand-alone platform like many existing competitors, but rather provide a protocol for the existing internet platforms.
SOCIAL ACTIVITYThe project popularity in the social networks and discussion forumsTelegram: 19.3k members, user activity is highFacebook: 110 followers, average number of likes per post is 2, average number of sharing ings per post is 1.Twitter: 1.2k readers, average number of likes on one tweet is 15, average number of retweets per post is 4Medium: 210 followers, post commenting activity is very lowReddit: n/d followers, average number of comments per post is 1
Good team with strong advisors.
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