Regular Community AMA with Momo Chang Successfully Wrapped Up

DREP Foundation
Jul 12 · 4 min read

Dear DREP Community,

Our regular community AMA with DREP’s co-founder Momo Chang successfully wrapped up on July 12th. We extend our greatest gratitute to the community members who participated for the inspirations they sparked.

At first, Momo briefed the recent development of blockchain technology products, along with the future plans of DREP in marketing and technology development. During the Q&A session, Momo shared some more latest news of DREP and insights on the blockchain and cryptocurrency industry.

Below are the highlights of the AMA.

Enjoy the read!

Thank you for always being here. Yes we can understand your feeling about DREP performance after IEO, and we also shoulder the pressure. While what we can do now is to strive more top exchanges and strengthen token user scenarios. Pls understand that we are trying best to live up to your expectations.

Getting listed in top exchanges has been always one of our priorities. We appreciate the support of Binance team this time around and will aim for more listing exchanges.

We will always keep the community posted with our latest exchange news updates!

DREP aims to tackle three particular issues:

  • Inadequate public chain performance and poor developer experience
  • Segregated public chain ecosystems and small user bases
  • A mismatch between blockchain technology and enterprise needs

Firstly, as decentralization, scalability, and security cannot all be satisfied. public chains cannot improve TPS without sacrificing decentralization or security. DREP has proposed an alternative method to improve scalability called the ‘Smart Pipeline’. Similar to a Layer 2 solution, it can improve data processing capacities in batches, provide customized developer tools and therefore break the bottleneck of public chain scalability.

Secondly, operating restrictions are common between various public chains varying from infrastructure to DApps and resulting in separated user bases, such as with ETH and EOS users. This inevitably leads to “Prisoner’s Dilemma” in public chain development.

Thirdly, DREP API is adaptive to different languages, making it easier for centralized platforms to decentralize. And DREP Plug-in aims to satisfy more accurate and complex needs and is conducive to vertical domain development.

DREP API and Plug-in are highly-targeted development without complete comprehension of blockchain, making it easier to enrich functionality. They can support co-development, making it easier to adjust or modify during the development process. They can also convert practical problems to blockchain solutions directly, making it easier to use.

As DREP Testnet 4.0 will be the final version, more functions will be added to better support the businesses and DApps adopting our technology. So the testing process will take longer than we planned. It’s all for better user-experience. The launching date of Mainnet depends on the performance of DREP Testnet 4.0 and our progress to get on exchanges.

The answer is a definite yes. Right now our developer community comes from China, Singapore, Australia, Russia and India mainly.

As you might already know, DREP has inked partnership with USYD Blockchain & Cryptocurrency Society to establish Developer Community. The developer community, on the one hand, is one of the most cherished part for blockchain companies; on the other hand, because of talent shortage, developer community is a scarce resource. Therefore, we will keep up with work to nurture and acquire more good talents from higher institutions for future development work.

Binance DEX listing is definitely a value-adding experience for DREP. It not only shows the trust and support from Binance team and its community a.k.a. validators in this case but also helps DREP with our exposure.

Similar as gate listing, DREP has been known by so many Chinese token holders and reported by crypto media in China ever since the IEO.

Price is a market behavior so we do not have too much of a say in this. However, what we do is to develop more user cases, get listed on more exchanges and deliver all the targets we promised to the community.

Thank you all for the active participation and the questions and suggestions you raised. We really appreciate your consistent support and attention all the way.

Stay tuned for more good news to come!

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.

DREP family

DREP is a decentralized reputation ecosystem based on blockchain technology which empowers various Internet platforms to quantify and monetize reputation value.

DREP Foundation

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DREP is a decentralized reputation ecosystem based on blockchain technology which empowers various Internet platforms to quantify and monetize reputation value.

DREP family

DREP is a decentralized reputation ecosystem based on blockchain technology which empowers various Internet platforms to quantify and monetize reputation value.