DREP Bi-weekly Report 1.1–1.15 | DREP Official Listing on Binance, Announce First wave of Buyback & Lock program, Cooperation with Leading Real-Estate Developer Landream
Dear DREPers,
Last week, DREP was officially listed on Binance and commenced trading, thanks for all your support to DREP!
Meanwhile, we keep making progress in technical products and commercial applications:
In technology, DREP public chain optimized the overall efficiency of transactions, improved functions such as block generation process, block broadcast and synchronization, upgraded the performance of P2P connection, disconnection & reconnection, network construction, network stability, and data broadcasting, and optimized public chain testing after upgrade. 80% of cloud wallet development has been completed, and now it is under testing. Multiple encryption of user data ensured privacy and security, supported create/import multi-wallets and switch with one-click; The preliminary review of iOS version has been completed and it is expected to be launched in Jan.; DREP client was dissembled by module to enhance the flexibility of each module.
In ecosystem, DREP is the winner in Binance Community Coin Vote Round 5 and has been officially listed on Binance; DREP to Launch Buyback & Lock Program in 2020 Q1. DREP cooperated with leading real-estate developer Landream, and supported it to realize the digital transformation of traditional business; DREP Global Community AMAs launched in 22 large communities including Vietnam, India, Indonesia, South Korea and Russia, etc.; To encourage users to take an active part in the vote, DREP initiated “Sign Up Event with 100,000 DREP reward” and “Client Registration Event with 200,000 RP reward”; DREP-Binance community coin vote AMA was successfully wrapped up to maintain a close communication with the community.
Technology Progress
Continuous optimization and testing of DREP mainnet, and conduct product development. DREP public chain optimized the overall efficiency of transactions, improved functions such as block generation process, block broadcast and synchronization, upgraded the performance of P2P connection, disconnection & reconnection, network construction, network stability, and data broadcasting, and optimized public chain testing after upgrade. 80% of cloud wallet development has been completed, and now it is under testing. Multiple encryption of user data ensured privacy and security, supported create/import multi-wallets and switch with one-click; The preliminary review of iOS version has been completed and it is expected to be launched in Jan.; DREP client was dissembled by module to enhance the flexibility of each module.
Public Chain Development Process
1. Optimized the overall efficiency of transactions, including transactions creation, packaging, replacement, revocation, and status query.
2. Improved functions such as block generation process, block broadcast and synchronization
3. Upgraded the performance of P2P connection, disconnection & reconnection, network construction, network stability, and data broadcasting
4. Optimized public chain testing after upgrade
DREP Mobile Client Development
DREP Mobile Client
1. The preliminary review of iOS version has been completed and it is expected to be launched in Jan.
iOS Wallet Introduction:
· Support multi-language versions. Now it supports Simplified Chinese, English and Korean, users can switch at will
· Support multiple public chains. Support multiple public chains including DREP, BTC, ETH, BNB
· Support multi-token adding. Search and add all tokens in ETH and other tokens like DREP and BTC
· Support safe keyboard to ensure asset security
· Support cross-chain transaction to quickly achieve the swap among different tokens
· Support creation/import of multiple wallets. Switch wallet with one-click and manage the wallet easily
· Buit-in H5 game DREP MINING, play and gain in game
2. 80% of cloud wallet development has been completed, now it’s under testing.
· Multiple encryption of user data to ensure privacy and security
· Support multiple verification methods including verification code and Google two-step verification, providing multiple security assurances for users
· Private key backup in cloud, double assurance of private key safety
· Support internal & on-chain transfers, realize internal transfers within seconds, making transaction much faster
· Scan to identify account/address, making transaction much easier
· Upgrade income method, generate exclusive posters to invite friends with one-click, gain RP rewards
· Account security identification, intelligent deployment of authentication path
· Optimize safe keyboard, protect user assets more effectively
· Support one-click switch of cloud wallet and HD wallet, easily realize multi-terminal asset management
3. Dissemble DREP client by module to enhance the flexibility of each module.
Ecosystem Development
DREP Is the Winner in Binance Community Coin Vote Round 5 and Officially listed on Binance on 16th, Jan.
DREP is the winner in Binance Community Coin Vote Round 5. Under this blind voting mechanism, DREP is 40,000 votes ahead of NEW. DREP received 75719 votes while NEW received 36617 votes. DREP was listed on Binance at 2020/01/16 2:00 PM (UTC), and DREP/BNB, DREP/BTC and DREP/USDT trading pairs was available at the same time.
DREP inked a strategic partnership with Leading Real Estate Developer Landream
A strategic partnership has been formed between DREP and Landream, Australian leading real estate developer. It aims to implement a state of the art cryptocurrency transaction settlement solution acting as a decentralized asset trading platform that offers a real-time transaction settlement network. Through this cooperation, the settlement risks and payment delays could be minimised.
As a leading Australian property developer with a project pipeline of over $3 billion across New South Wales and Victoria, including a 1.2ha site in Pyrmont, Landream is envisaged that the solution will be implemented for select development projects, including an upcoming apartment development in Malvern East, Victoria.
DREP Foundation to Launch Buyback & Lock Program in 2020 Q1
On 17th, Jan., DREP announced that a Buyback & Lock Program will be implemented in the first quarter of 2020. The program will involve a buyback of approximately over 120 million DREP tokens from the open market, with market circulation expected to be reduced by 5% -10%. It will optimize DREP’s circulating token supply to provide confidence in network value for our supporters. Afterwards, we will also launch more of such buyback programs as we onboard more of our enterprise clients on to DREP’s mainnet.
DREP 22 Global Community AMAs
Invited by Binance official communities and other well-known crypto communities, DREP hosted AMAs in 22 large communities including Vietnam, India, Indonesia, South Korea and Russia, etc and hadclose communications with them. DREP philosophy, technical products and ecological development were introduced to them to further promote DREP ecological contruction.
“100 Thousand DREP Sign-up Reward” Event
From 8:00, 8th Jan. to 8:00, 15th Jan. (UTC +8), post sign up content in Binance official English Telegram group (https://t.me/Binanceexchange). Sign up content: “I want to vote for DREP”. Send screenshot to DREP client service (Telegram account: kari6666) and it will be valid after confirmed by client service. 100 thousand DREP giveaway for Top 3 users with the most sign-up days.
“200 thousand RP DREP Client Registration Reward” Event
From 8:00, 8th Jan. to 8:00, 15th Jan. (UTC +8), Download DREP Mobile Client, click DREP Mining banner, create DREP Mining ID, and send DREP Mining ID to DREP official service client. Once the sign up validated by client service, user is able to gain prize from DREP. Everyone who successfully registered will get prize. Each participant can gain 2,000 RP and limited number given away (200 thousand in total).
The AMA in DREP-Binance Community Coin Vote Group Was Successfully Wrapped Up
On 13th Jan., the AMA in DREP-Binance Community Coin Vote group launched. Group members asked questions first and DREP co-founder Xiaolong answered them by voice. It further strengthened the communication between DREP team and community members.
The above is the first DREP bi-weekly progress report in 2020. DERP has made impressive progress in technology and ecosystem. Next, DREP will further promote the development of technology and ecosystem according to DREP roadmap, realizing more applications. Thanks for the attention and support of DREP community members, please stay tuned!
About DREP Foundation
DREP is committed to building “connectors” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID and DREP SDK, DApp R&D teams are able to release multi-public-chain asset versions, built-in wallets and asset trading platforms with one-click.
Reach us on social channels
Website — www.drep.org
Telegram — https://t.me/drep_foundation
Twitter — https://twitter.com/FoundationDrep
Reddit — www.reddit.com/user/DREP-FOUNDATION/
Medium — medium.com/@DREP_Foundation
Linkedln — www.linkedin.com/company/drep-foundation/
