Update #17 — Announcement DRPS — DRPU

Development update

• Bullex: we finally got access to the staging environment!
• The refactoring of the web app and the integration of the hybrid backend is around 55% done.

Important announcement DRPU and DRPS

DRPU & DRPS: deserve their own white papers
So far, we have issued one white paper that describes DCORP’s mission, activities, and the benefits for both DRPU and DRPS token holders. With this approach it is not always clear what the exact characteristics & benefits for each of these tokens are. To ensure full transparency, DCORP has now issued a specific white paper for each token.

The new white papers can be found at dcorp.it under the ‘resources’ section from July 27th.

Characteristics of DRPS & DRPU
Along with their differences, DRPU & DRPS do share a few things in common. Token holders of both DRPS and DRPU:

• Have the ability to vote on which projects get supported by DCORP Ventures,
• May qualify for airdrops from DCORP’s token partners.

DRPS, as indicated by its ‘S’ designation, will become DCORP’s Security token. DRPS token holders:

• May receive dividends,
• May benefit from developments in the token value with the promise of future dividends.

DRPU, as indicated by its ‘U’ designation, will become DCORP’s utility token. DRPU token holders:

• Will get a discount on the transaction fee at Bullex.eu when paid with DRPU,
• Will get a discount at other future projects supported by DCORP.

DRPU will also be used (for example) by token partners to pay listing fees on Bullex.eu. DRPU is particularly interesting for token holders in countries where Regulators recognize the difference between security and utility tokens or have forward thinking policies.

Safeguarding DRPU as a Utility token
Our token changer at dcorp.it currently offers the possibility to exchange DRPU to DRPS (and vice versa) in a fixed 2:1 ratio, with a transaction fee of 2%. A result of this freedom to exchange DRPU into DRPS is that in a number of jurisdictions DRPU is not fully regarded as a Utility token, but rather as a token with Security characteristics.

In the case that DCORP would pay out dividends for example, it would be possible to exchange DRPU into DRPS to receive the dividends, and afterwards change back into DRPU to benefit from Utility characteristics. Given this possibility for DRPU token holders to benefit from dividends, some regulators regard DRPU as a Security.

Changes to the Token Changer
To safeguard the Utility characteristics of the DRPU we will adjust the token changer at dcorp.it. From August 15th 2018 onwards it will no longer be possible to change DRPU into DRPS or vice versa.

Other parts of the token changer will not change. DRP token holders will still be able to convert their DRP token into DRPU or DRPS for free. Check the graphical representations to see what changed.

DCORP invites anyone who currently holds DRP to register on the platform (dcorp.it), and exchange their existing DRP into either DRPU or DRPS. We are not in a position to recommend one or the other, but we urge all existing DRP holders to do their due diligence on the benefits of both tokens and read the relevant white papers. Please take into consideration your individual circumstances, personal preferences, citizenship status, and applicable regulations in your country.

Q&A
Q: For how long can we still exchange DRPU directly into DRPS (or vice versa)?
A: It will be possible until August 15th 2018 by using the Token changer at DCORP.it.

Q: Can we still change DRP into DRPU or DRPS?
A: Yes! This part of the token changer will not change. DRP token holders can still convert their DRP token into DRPU or DRPS for free.

Q: Where can I find the new White papers?
A: The new white papers can be found at dcorp.it under the ‘Resources’ section from July 27th.

Update on Token Partners

Sangho created a live dashboard to show what’s going on with respect to Token Partners and Strategic Partners. You can find the dashboard here.