It’s Time to Upgrade Your DREP Now!

DREP Foundation
DREP family
Published in
3 min readSep 6, 2019

Dear DREP Users,

Since DREP pre-Mainnet Planck is going to be launched, DREP team will upgrade DREP smart contract from 12:00, 6th, September 2019 (UTC+8).

New DREP contract address: 0x22dE9912cd3D74953B1cd1F250B825133cC2C1b3

To ensure the normal trading of DREP holders, please read the following operating instructions carefully and complete the DREP Token swap.

Situation 1: You are holding the old DREP tokens in crypto exchanges

During the upgrade period, if you are holding the old DREP tokens on one of the DREP partner crypto exchanges, the swap process from old DREP tokens to new DREP tokens will be fully automated. You won’t need to do a thing.

Situation 2: You are holding the old DREP tokens on decentralized wallet

During the upgrade period, if you are holding the old DREP tokens on decentralized wallet, please read the following operating instructions carefully and complete the DREP Token swap.

For any questions arising in the swap process, please leave a message in official channels or contact telegram admin Kari (ID: @kari6666), and we will reply it as soon as possible. For some common questions, we will offer an official answer list for DREPers later.

The Swap Process of DREP on Decentralized Wallet:

1. DREP holders need to transfer the old ERC20 DREP Token to the specified official address: 0x723641cdce3EDB8F365cE66EBD8cBD396FC42356.

2. Please send a Token Swap Request to: swap@drep.org, so that we can inform you the updates of the swap timely.

[Please follow the mail format below to edit your email]

Email Title: DREP TOKEN ERC20 Swap

Email Content: Apply for swapping new DREP TOKEN

My send and receive address of ERC20: 0x**********************

Swap amount: ****DREP

I have sent the old DREP TOKEN to the specified official address, here is the transaction record:

https://etherscan.io/tx/0xd3dd9**************3a1e065

3. To ensure your asset security, the swap request will be reviewed within 1–2 working days.

4. Once the review is completed, the new ERC20 DREP TOKEN will be issued to your original address in a 1:1 swap ratio. The order of issuance will follow the order of application.

5. DREP TOKEN swap progress will be notified via email.

NOTE:

1. The unique specified official address to collect the old DREC20 DREP TOKEN: 0x723641cdce3EDB8F365cE66EBD8cBD396FC42356

DREP’s disclaimer in the following conditions: users lost DREP TOKEN because of unofficial address or personal operation mistake.

2. The above swap process is only applicable for the old DREP TOKEN in decentralized wallet, if you are holding the old DREP TOKEN in crypto exchanges or other centralized institutions, you won’t need to do a thing.

3. Please make sure you get the specified official address from DREP official website (drep.org). If you send your DREP TOKEN to a wrong address, it can’t be recovered.

4. If users have already swapped ERC20 DREP TOKEN to BEP2 DREP TOKEN, then you won’t need to do a thing. The trading of BEP2 DREP TOKEN won’t be affected.

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.

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DREP Foundation
DREP family

DREP 2.0 is the decentralized credit-data middleware based on layer-2 facilities, to be the backbone of DeFi Credit Era.