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What is Digital Entertainment Asset (DEA)?
Digital Entertainment Asset is a commercial entertainment company that develops GameFi projects. The native token DEAPcoin is the reward for participating in the game. DEA runs a blockchain-based GameFi business platform issuing original NFTs and games. DEA plans to create a revolution where users can earn while enjoying various entertainment content, including games. They have directly negotiated with more than 70 famous manga artists around the world to create original IPs exclusively purchasable in their NFT Marketplace. The NFTs can be collectible or used in any of the games provided by the PlayMining platform.
DEAPcoin is the native utility token used for:
- Purchasing NFTs on the NFT Marketplace by DEP.
- Paying fees for processing transactions.
- Utilizing DEA's DeFi services.
Answers
What Is DEAPcoin (DEP)?
The Digital Entertainment Asset Pte. Ltd, headquartered in Singapore, has initiated the DEA Project, a blockchain-based NFT DeFi platform featuring NFTs, games, and various other forms of entertainment. The main usage of the utility token DEAPcoin (ERC-20) is used in the NFT Marketplace by DEP to purchase NFTs (ERC-721) to enhance gameplay within the platform. The platform aims to address the problem of IPs/copyrights for the secondary market transaction of individual artwork. A portion of the sales will be rewarded as royalty to the original creators eternally. The company launched the platform "PlayMining" where users can enjoy playing games, reading manga for free, and earn DEP cryptocurrency. Currently, there are over 1,000,000 registered users (as of April 2021) and growing exponentially. The majority of users are from Indonesia, Vietnam, Philippines, and Taiwan.
DEAPcoin is the native utility token that is used for:
- Purchasing NFTs on the NFT Marketplace by DEP.
- Fees for processing transactions.
- Used for DEAs DeFi services.
How Many DEAPcoins Are There in Circulation?
DEP launched on August 28, 2018, with 30 billion DEP tokens created at genesis. 20 billion DEP, nearly 66%, is reserved for the ecosystem incentives and to be distributed on their NFT DeFi platform PlayMining for rewards of playing the games and DeFi services like staking. Team member vesting is less than 4%
Who Are the Founders of DEAPcoin?
DEAPcoin has unique and strong team members. The Co-Founder is Yoshida Naohito, who has led 3 IPOs in Japan and is a well-known figure in entertainment media companies. Co-CEO Shigeru Shiina was previously the President/CEO of PwC Japan, and prior to PwC, he was Vice President of KPMG Consulting Japan. The CFO was also previously the CFO of PWC Japan. Additionally, the Co-Founder and CSO Kozo Yamada has a wealth of experience in producing music and variety programming at TV Tokyo Corporation. Yamada went on to establish an entertainment content production company called Tsukuriba, Inc., in 2018.
The Co-founders met and started the project to change the current anime and manga industry, to protect royalties and copyrights for manga and anime artists for the secondary market. By utilizing blockchain technology, the creators are able to earn royalties forever as long as the trades of NFT are conducted. This project now employs more than 50 staff, including marketers from Hakuhodo, Netflix, Yahoo Japan, and financial institutions.
According to Digital Entertainment Assets official website, many of the team members hold prizes and nominations from competitions all over the world, like Japan National Team representative finalist for the International Mathematical Olympiad in 2001, champion of the Japan Parliament Debate Union Autumn Tournament 2014, and 5th place in the World University Debating Championship 2015.
Where Can I Buy DEAPcoin?
DEAPcoin is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.
[Gate] https://BYDFi.com/ja/exchanges/gate-io/ (USDT), [Bitpoint] https://BYDFi.com/exchanges/bitpoint-japan/, Bittrex Global offers Tether (USDT), while Indodaxl also offers [Indonesian Rupiah], Uniswap offers Ethereum (ETH).
New to cryptocurrency? Read BYDFis easy guide to buying Bitcoin or any other token.
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