DEAPcoin PriceDEP

What is DEAPcoin (DEP)?

DEAPcoin (DEP) is the native ERC-20 utility and reward token for PlayMining, a Web3 entertainment and gamified DePIN (Decentralized Physical Infrastructure Network) platform operated by Digital Entertainment Asset (DEA). Headquartered in Singapore, the DEA Project is a blockchain-based NFT DeFi platform featuring NFTs, games, and various other forms of entertainment. The token is designed to power an ecosystem where users earn rewards by playing blockchain games or reading digital manga. With a total supply of 30 billion tokens, DEP is notable for being the first Play-to-Earn token approved by Japan's Financial Services Agency (FSA).

Key Specifications & Tokenomics

• Name: DEAPcoin
• Ticker: DEP
• Blockchain: Ethereum (ERC-20)
• Consensus Mechanism: Proof of Play (PoP) for ecosystem distribution; Ethereum network security
• Smart Contract Standard: ERC-20 for DEP; ERC-721 for NFTs
• Category: Play-to-Earn, NFT Marketplace, DePIN, Utility Token
• Total Supply: 30 billion DEP
• Current Supply: Approximately 4.5 billion DEP (as referenced)
• Regulatory Status: First Play-to-Earn token approved by Japan's FSA
• Primary Use Cases: Play-to-Earn rewards, NFT marketplace purchases, staking

Who created DEAPcoin?

Naohito Yoshida founded the DeapCoin network and serves as Chief Executive Officer. He established the development at the age of 28 alongside an anime company called GLAMS Co., Ltd. He is regarded as one of the pioneers of the animation industry in Japan. The co-founder is Shigeru Shiina, known for his work on AI research at NEC Central Research Laboratories. Shinya Kiriu serves as COO and attended the University of Tokyo. Taishi Sato is the CPdM, and Kozo Yamanda is the Co-founder and CSO. The project is operated by Digital Entertainment Asset Pte. Ltd, headquartered in Singapore.

How does DEAPcoin work?

DEAPcoin operates within the PlayMining platform, a blockchain-based multimedia digital entertainment platform featuring digital arts and other forms of auditory and visual entertainment. The platform consists of three main elements: the DEA Bank, the Digital Art Auction, and the Game/Manga section. The DEA Bank is a secured environment implemented by blockchain technology that serves as a wallet where PlayMiners store and check their earned rewards. The Digital Art Auction allows for the purchase, sales, and trading of Digital Assets between PlayMiners. The Game/Manga section is the money-earning platform where the more a user plays the free, no-charging game or reads the manga available, the more DEP coins they earn. These elements are all linked with Digital Assets, owned collectively by all registered PlayMiners, and are interconnected to function together.

What makes DEAPcoin unique and valuable?

Unlike most Ethereum-based developments that use the regular Proof of Stake (PoS) or Proof of Work (PoW), DeapCoin uses a unique consensus system known as Proof of Play (PoP). The Proof of Play is uniquely designed to be an indispensable auto-circulatory, auto-regulatory model that controls and ensures the fair distribution of DEP tokens amongst PlayMiners. It requires three different conditions before execution: the launch day phase where DEP tokens are released from minable reserves following the release of new IPs; a phase where a substantial number of days have passed and third-party IP creators increase the economic zone, causing a proportional increase to the number of auctions, PlayMiners, and operating entities; and the final stage where there is a balance in the distribution of DEP tokens in the PlayMiners economic zone, canceling the need to supply tokens from the Minable Reserve. Additionally, DEP is the first Play-to-Earn token approved by Japan's FSA, providing a significant regulatory distinction.

What is DEAPcoin used for?

The DeapCoin platform gives room for PlayMiners to earn in the Game Zone. There are specific settings and scenes in a game that reward the player a specific amount of DEP tokens if won as directed by the smart contract. These scenes and special conditions include winning a quest or an in-game card, passing a task, or beating an existing record. On the gaming platform, PlayMiners are provided the opportunity to purchase Digital Assets based on their game of choice or manga, allowing them to hold the purchased asset and sell it for a higher price. Ownership of these items grants special powers and unlocks several skills. DEP tokens can also be exchanged for an equal amount of receiving tokens, including ANJ tokens, and can be exchanged with other cryptocurrency pairs like USDT and DAL. Furthermore, DEP can be used for DEA's DeFi services and fees for processing transactions, and can be locked in platform portals for ecosystem benefits through staking.

How Is the DEAPcoin ecosystem developing?

The PlayMining platform is developing as a blockchain-based multimedia digital entertainment platform that features digital arts and other forms of auditory and visual entertainment. The concept is called "PlayMining," which translates to users mining rewards while playing games. To create a similar earning mechanism for content creators like YouTubers and TikTokers, a system is being developed to house a large population of people who will make a living through PlayMining. These individuals are called "PlayMiners." The ecosystem aims to create a new perception of gaming, where gamers' continuous unrequited financial investment is replaced with rewards for their most loyal users who spend time on the gaming platforms. The DEA Project has developed an official cryptocurrency token that serves as the reward currency to game users in place of charging them, and a platform is being created that allows users to spend the currency, facilitating the circulation of the token in the economic market.

How to mine DEAPcoin?

DEAPcoin is not mined through traditional Proof of Work mining. Instead, users earn DEP tokens through the Proof of Play (PoP) mechanism by participating in activities on the PlayMining platform. Players earn DEP by playing blockchain games or reading digital manga. Specific settings and scenes in a game reward the player a specific amount of DEP tokens if won as directed by the smart contract. These scenes and special conditions include winning a quest or an in-game card, passing a task, or beating an existing record. Additionally, DEP tokens can be staked by locking them in platform portals for ecosystem benefits. The Proof of Play model controls and ensures the fair distribution of DEP tokens amongst PlayMiners through an auto-circulatory, auto-regulatory system.

How to keep your DEAPcoin safe?

The DeapCoin network is secured as there has been no evidence or recorded case of theft. Several measures are in place to ensure security remains intact, including a system solely for receiving source code safety audits by a trusted external auditing organization to ensure all boxes are checked to avoid any form of breach. Like every consensus system used by Ethereum, the proof of work protocol requires miners to compete to find a nonce, and the system only records blocks that have been successfully verified before they are later added to the existing blockchain. Although the Proof of Play has more effect on distribution, the underlying Ethereum network provides security. Users should store DEP tokens in secure wallets, enable two-factor authentication where available, and remain vigilant against phishing attempts.

How to buy DEAPcoin Coin?

DEAPcoin is obtained mainly from gaming or manga reading on the PlayMining platform. For non-PlayMiners who would love to get their hands on the token, DEP tokens are available across several exchanges and can be easily purchased. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.

Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.

Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account.

Start Trading: Go to the trading page and search for the spot trading pair DEP/USDT or the perpetual contract DEPUSDT.

Place an Order: Enter the amount of DEP you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.

Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.