DEAPcoin is described as a private Blockchain created from decentralized finance (DeFi) and immutable Tokens (NFT). In this article, as Kriptokoin.com, “What is DEAPcoin?” We will answer the question. In addition, we will touch on other questions about the project.
What is DEAPcoin? What does it do?
DEAPcoin’s native Token is DEP. It is also used to pay for various services and activities in the gaming environment. DEP Tokens can also be obtained through vault services and grant opportunities, and by participating in the DEA’s gaming platform, PlayMining, in player versus environment (PvE) and player versus player (PvP) modes.
Deapcoin focuses on entertainment and assets specifically for the digital age. It also aims to be the next generation entertainment platform that leverages Blockchain technology to develop economy and culture. DEA, which is also the company behind the DEP cryptocurrency, has a strong founding team. The company’s co-founder, Naohito Yoshida, led 3 IPOs in Japan. However, he is a well-known name in entertainment media companies. Co-CEO Kozo Yamada has been the producer of music and variety shows at TV Tokyo for 15 years.
Also, according to the company’s review: PlayMining aims to build a system that protects the rights and benefits of global creators from abroad while creating entirely new entertainment content. Since 2018, Japan’s famous artists have managed to create NFTs from the original artworks of over 100 creators.
How does it work?
There are three critical operational layers in the DEA network. These;
- mining games: Off-chain HTML5-based applications that run as NFT games, using an API that accesses NFT data from the blockchain. According to the DEA’s review, it makes third-party entry into the gaming industry more accessible to existing game makers. It also paves the way for future enrichment of game content. There are three playable games on the PlayMining platform as of December 2021. There are more than ten games scheduled to be released by the end of 2022.
- NFT market: DEA’s NFT Marketplace focuses on in-game products that have been converted to ERC721 standard NFTs. NFTs are one-of-a-kind, featuring a wide variety of items from Japanese pop culture’s most prominent artists. According to the DEA’s whitepaper, total earnings shared through NFT trading since April 2020 exceeded one billion yen.
- PlayMining cases: These vaults act as an incentive structure that gives DEP tokens, NFTs and (PlayMining Gold) PMG to users who contribute positively to the overall economy of PlayMining. Non-players also get the opportunity to win prizes.
What is DEAPcoin? How to buy DEP?
DEAPcoin is currently traded on a small number of cryptocurrency exchanges. Exchanges where DEAPcoin is traded are listed as follows: OKX, MEXC, Bitrue, Gate.io. People who want to invest in the project should open an account in one of the exchanges where the project is traded.
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