Market Competitive environment:
Ink Protocol during ICO $15 M is raised, capitalization is $5.1 M, ROI USD - 0.22x
Verify - $2.5 M is raised, capitalization is $1.6 M, ROI USD - 0.54x
Layer 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 reputation
A highly scalable solution that has a high velocity of user base growth
Internally 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 product
Continuous release of live DApps can guarantee a long-term stability, interest in the project
DREP doesn’t plan to be a stand-alone platform like many existing competitors, but rather provide a protocol for the existing internet platforms.
SOCIAL ACTIVITY
The project popularity in the social networks and discussion forums
Telegram: 19.3k members, user activity is high
Facebook: 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 4
Medium: 210 followers, post commenting activity is very low
Reddit: n/d followers, average number of comments per post is 1
Advantages.
1. Projects related to reputation measurement and analysis. Somewhat new project.
2. It is expected to be a great help for companies that need an idea of reputation
3. It has a fast roadmap to start partial commercialization in October this year. A thoroughly written plan.
A complementary point
1. A structure in which partnership with other companies is essential. The actual partnership is not public yet.
2. Poor roadmap.
3. Strong institutional investors are yet to be seen.
● A decentralized reputation ecosystem comprising of a public chain, a reputation-based protocol and the tools for Internet platforms to leverage its power.
● Strong partnerships include QuarkChain, Patrick Dai of Qtum and an upcoming hyped project we cannot disclose. Founders have experience working in Google, Qtum, Microsoft and in Fintech.
● Exchange listing is actually given as an event in the roadmap, and should happen in late June.
The DREP ICO aims to build an entirely new, layered blockchain architecture from the bottom up, based on a multi-token system. Once this architecture is ready, the focus will turn to building a network of integrated online platforms into an ecosystem where reputation is the core commodity.
For a project of such scope, there isn’t much evidence in the way of product development, interest from enterprise partners, or even a clear outline as to how project milestones will be accomplished to support the value proposition. Underlying all these factors, the concept of a reputation-based token system remains unsubstantiated.
We are not going to participate in the DREP ICO.
DREP is aiming to unite the existing Internet platforms in order to help them resolve their issues related to the lack of reputation scoring systems. This places DREP aside from other ICO projects trying to develop separately and independently, and can simplify the engagement and adoption of the system in future. The team and advisors are strong, the roadmap is feasible, more than a dozen of partnerships, MVP is almost ready – these are advantages. Considering the existing competitors and the hard cap higher than average, the project still has all chances for success.
DREP is going to put an end to fake content and fake accounts. Does anybody mind?
Went with it back in August, as it had realistic token metrics, great partners and a great community in comparison with DxChain and Ankr. Though the initial idea doesn't feel that much appealing to us.