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DREP Token Crowdsale Guide

Dear DREP Community,

We are deeply humbled by the tremendous amount of support we have received from our community members for our journey thus far. We are very excited to announce that our long awaited Public Crowdsale will begin on Wednesday, 1st August 2018 at 9PM GMT+8.

Important Notes

  1. There will be 2 sale rounds - Round 1 and Round 2.
  2. You would have received an email from WeStart, titled "DREP ICO - Crowdsale Confirmation", informing you which Round(s) you are eligible for.
  3. All contributions must be made from the whitelisted ERC20 wallet address. Please ensure that your ERC20 wallet is NOT from an exchange.
  4. The rates for both ETH and QKC are pegged on to USD$ on coinmarketcap.com, at 00:00 UTC (08:00 GMT +8) two days before the Public Crowdsale, on 30th July 2018.

*Important Notes for Round 2*

  • Contribution only in ETH
  • First come first serve basis
  • No maximum contribution
  • No restrictions on Gas Price and Gas Limit

Content

1. What is the crowdsale mechanism?
2. Where to find the address?
3. How to contribute using ETH?
4. How to contribute using QKC?
5. How will the tokens be distributed?
6. Security

1. What is the crowdsale mechanism?

Here are the details:

👉Round 1:

👉Round 2:

Do take note which rounds you belong to based on the WeStart email you have received to help ensure a smooth crowdsale.

When in doubt, please approach any admins in the Telegram group for clarification.

2. Where to find the address?

The FULL Contribution Address will be revealed at 7PM GMT+8 on August 1, 2018 on the below three channels *ONLY*.

The ABI files for QKC contribution will also be released at the same time.

Please verify across ALL of these channels to avoid any scams.

Telegramhttps://t.me/drep_foundation_announcements . The announcement will be forwarded to the main channel (https://t.me/drep_foundation) and pinned message.

Twitterhttps://twitter.com/drep_foundation

YouTubehttps://www.youtube.com/channel/UCLlIrQ4fkJc0Md3SI8bozgQ

3. How to contribute using ETH?

This is the guide for purchasing DREP tokens using ETH.

For purchasing DREP tokens with QKC, please refer to the next chapter.

For ETH contributors, we highly recommend using MyEtherWallet or MetaMask when contributing to DREP token crowdsale.

1. Using MyEtherWallet

MyEtherWallet

Step 1: Go to https://www.myetherwallet.com/. Do not forget HTTPS for security of your ETH wallet.

Step 2: Click on “Send Ether & Tokens”.

Select the method as you like to access your wallet. For example, for access using your Keystore/JSON File, simply click ‘Select Wallet File’, upload your JSON file and enter your wallet password, then click “Unlock” to proceed.

Step 3: Fill in data for your DREP token crowdsale.

To Address: Please copy ONLY from the official social channels provided by DREP Foundation.

Amount to Send: Fill in the amount of ETH you wish to contribute for this token crowdsale.

*For Round 1, you may buy DREP tokens multiple times, as long as the total amount you have contributed does not exceed 1 ETH.

*Please wait for the Gas Limit to change from 21,000 to recommended amount after entering the amount of ETH to send. If you use 21,000, the transaction might not be successful. PATIENCE!

Gas Limit: It is recommended to use default gas limit provided by myetherwallet.

(You will also be able to check the recommended Gas Price on https://ethgasstation.info/.)

On the top right-hand corner of the page, we suggest you setting the Gas Price to no less than recommended Gwei.

Step 4: Click on “Generate transaction” , and then click on “Send transaction” until the below page occurs.

Please check your transaction data to make sure this transaction is correct. Do not send any coins other than ETH!

Upon completion of the previous steps, you have successfully purchased your share of DREP tokens.

Step 5: You can check the status of your contribution via https://etherscan.io/ after the transaction has made by entering your transaction hash or ERC20 wallet address that was used to contribute to DREP crowdsale.

2. Using MetaMask

MetaMask (Chrome, Firefox, Opera Extension Wallet)

Step 1: Via https://metamask.io/, install the MetaMask extension for your browser to begin the setup. After installation, you are required to read notes thoroughly to proceed.

Step 2: Create a password for your MetaMask account. Then you will get 12 mnemonic words as below. We suggest you store them offline. This would be requested by MetaMask, in the event of any password recovery.

Step 3: Open your ETH account and Click on the “Send” button.

Step 4: Fill in the Address and amount of ETH you want to contribute.

Step 5: To send ETH to the token crowdsale Address, Click on “Next”.

Then you will need to enter the Gas Limit. We suggest that the Gas Price is no less than recommended Gwei. If the transaction data is correct, you can click on “Submit”, or click on “Reject” to terminate transaction.

Step 6: You can check your contribution via https://etherscan.io/ after the transaction has made.

4. How to contribute with QKC?

Purchasing DREP tokens using QKC is more complicated than using ETH to purchase DREP tokens. Thus, we have provided a step-by-step guide of QKC contribution.

If you are new to ICO contribution or find this contribution too complicated, we recommend you to seek professional help or terminate the transaction to prevent any loss.

We suppose you are using myetherwallet.

There are two steps: the first is authorisation, the second is purchasing.

Authorization:

Step 1: Click “Contracts” on myetherwallet page.

Step 2: You will find the below page.

You need to fill in “Contract Address” with QKC address.

Copy & Paste 1st Contract ABI in the “ABI/ JSON Interface” field.

Both the QKC address and Contract ABI will be provided by DREP Foundation at 7PM GMT+8 on August 1, 2018, together with the full contribution address.

Step 3: Click “Access”. You will find this chart below.

Click on “Select a function” and you will see “Approve”.

Step 4: Please fill in with DREP Contribution Address in the “_spender” field and the amount of QKC in “_value” field. The amount should be the same as the amount you put in both authorisation and purchasing steps.

Note: The value you fill in should add "e18", means you multiplied the value by 10¹⁸, for its decimal is 18.

For example, if you want to contribute 1QKC, you should fill in “1e18”; if you want to contribute 0.001QKC, you should fill in “0.001e18”.

Step 5: Choose a way to access your wallet. We will use JSON File as an example.

After selecting your wallet file, please enter your password and unlock.

Then click “Write”.

A warning pop-up like below will appear. Please wait for it or try a few times! Otherwise you cannot click through. PATIENCE.

We suggest that you use the default gas limit and the Amount of Send shall be 0.

If you decide to send, you can click on “Generate Transaction” and then click on “Yes, I am sure! Make transaction”. The transaction will take for few seconds. After that you can view this transaction at Etherscan.io.

*YOU CAN ONLY PROCEED TO PURCHASE AFTER THE TRANSACTION IS DONE.

— — — — — — — —

Next is purchasing part:

Please make sure you close the website and enter again. Click “Contracts” on myetherwallet page.

Step 1: You need to fill in “Contract Address” with DREP Contribution address and the 2nd Contract ABI, which will be provided by DREP.

Step 2: Next to click “Access”. Then you can choose contract below receiving address as “buyByQkc”.

Note: the value you fill in should be added with e18, means you multiply the value by 10¹⁸, for its decimal is 18.

Step 3: Then enter again your preferred way of accessing your wallet.

Click “Write” to transfer QKC to our receiving address.

Step 4: A warning pop-up like below will appear. Please wait for the default gas limit or try for a few times! Otherwise you cannot click through. PATIENCE.

*We suggest that you use the default gas limit and the Amount of Send shall be 0.

If you decide to send, you can click on “Generate Transaction” and then click on “Yes, I am sure! Make transaction”.

A green box as below will pop up.

Congratulations to you for completing buying DREP with QKC!

5. How will the tokens be distributed?

All tokens will be locked and transferred before an exchange listing.

Note: The amount of DREP you will get is calculated according to the individual cap and the current remaining supply. The excess ETH and/or QKC will be refunded to you.

Security

  • Contribution address will NEVER be sent through any email or unverified mediums
  • Make sure to VERIFY the Address across ALL Official Channels before sending your contribution
  • Admins will NEVER PM you to Contribute. Do NOT trust anyone who asks you to contribute through a Private/ Unverified Address
  • If you would like to seek any clarifications when the DREP group chat has been muted, please PM Belinda (@belindaz), Happy Hippo/ Joel (@happyhippo2018), Dominic (@Dominic_KS), Lionel (@cryptohippo) and Kirby (@kirbyongeo).
  • Please only contribute through the official contribution address which will be listed on our Telegram, Twitter and YouTube.

Closure

Thank you for your interest in DREP Foundation crowdsale. We look forward to more partnerships and listings for our community.

ABOUT DREP Foundation

DREP Foundation is devoted to building a performance-oriented technology infrastructure supporting high transaction capacity for an ecosystem generating valuable reputation data. Focusing on two industry pain points: lack of user adoption and low transaction throughput, DREP Foundation aims to provide highly scalable, modular blockchain architecture for deployment of a reputation protocol that any types of platforms can use.

DREP envisions a global plan to empower a wide array of platforms to have tokenized reputation ecosystem deployed on top of DREP Chain, which is secure, scalable and reputation data supportive.

Currently, we have achieved several milestones such as commercial deployment of DRApps in Middle East, Australia, Singapore and China and strategic partnerships regarding on on-chain offerings such as IP protection and ID verification. More details can be found in our following social channels.

Reach us on social channels

Website — www.drep.org

Telegram — https://t.me/drep_foundation

Twitter — twitter.com/drep_foundation

Reddit — www.reddit.com/user/DREP-FOUNDATION/

Medium — medium.com/@DREP_Foundation

Linkedin — www.linkedin.com/company/drep-foundation/

Steemit — https://steemit.com/@drepfoundation

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