DEP DEAPcoin

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 NFT Marketplace by DEP to purchase NFTs (ERC-721) to enhance gameplay within the platform. The platform aims to address a problem with IPs / copyrights for the secondary market transaction of individual artwork.

The 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, majority of users are from Indonesia, Vietnam, Philippines, and Taiwan.

DEAPcoin is the native utility token that is used for:

• Purchase NFTs on NFT Marketplace by DEP
• Fees for processing transactions
• Used for DEA’s DeFi services