What Is DEAPcoin (DEP)?
DEAPcoin (DEP) is the utility token of Digital Entertainment Asset (DEA) Pte Ltd, which is an NFT-based gaming and multimedia digital entertainment platform.
The main projects of DEA are:
- PlayMining – a platform that rewards users for playing games and reading manga (besides, they do that completely for free).
- PlayMining NFT – an auction that allows users to store their NFTs and trade them in the form of an auction.
- PlayMining NFT Premier – an NFT marketplace, which allows users to buy and sell various NFTs.
DEAPcoin token is based on the ERC-20 token standard. It mostly serves to reward DEA users for reading manga and playing games. However, it’s also used to pay transaction fees, buy NFTs on PlayMining NFT Premier, and purchase any other services provided by the project. If you looked at the DEAPcoin price chart placed above, you could see the main patterns in the DEP price changes.
The Founders of the DEA Project
Naohito Yoshida and Kozo Yamada founded the DEA project in 2018.
Naohito Yoshida is a serial entrepreneur. He is passionate about manga, games, and anime. Prior to founding DEA, Yoshida established three listed companies. Besides that, he serves as chairman of Eole, Inc.
Kozo Yamada has a degree in law, however, for 15 years he was a music producer at TV TOKYO. Now, he is in charge of media and content business management, as well as the strategy development of the DEA project.
Tokenomics of DEAPcoin
The max supply of DEAPcoin crypto assets is 30 billion tokens. All of the tokens were minted during the initial launch, which means that it’s not planned to create any new DEP tokens in the future. The biggest part of the total supply (20 billion) is dedicated to rewarding the DEA project users.
The DEP price is subject to change, so keep that in mind if you're thinking about purchasing DEP tokens. You should definitely take a look at the DEAPcoin price chart that was mentioned before and analyze how the value of the DEP token changed over time. This would help you decide if it's worth buying DEAPcoin tokens or not.
