DEP meaning in Cryptocurrency ?

Answer:

What Is DEAPcoin (DEP)?

The Digital Entertainment Asset Pte. Ltd, headquartered in Singapore has initiated the DEA Project, blockchain-based NFT DeFi platform featuring NFTs, games, and various other forms of entertainment. The main usage of the utility token DEAPcoin (ERC-20) is used in NFT Marketplace by DEP to purchase NFTs (ERC-721) to enhance gameplay within the platform. The platform aims to address a problem to IPs / copyrights for the secondary market transaction of individual artwork. The portion of the sales will be rewarded as royalty to the original creators eternally. The company launched the platform "PlayMining" where users can enjoy playing games, reading manga for free and earn DEP cryptocurrency. Currently there are over 1,000,000 registered users (as of April 2021) and growing exponentially, majority of users are from Indonesia, Vietnam, Philippines, and Taiwan.

DEAPcoin is the native utility token that is used for:

Purchase NFTs on NFT Marketplace by DEP.Fees for processing transactions.Used for DEA’s DeFi servicesHow Many DEAPcoins Are There in Circulation?

DEP launched on August 28, 2018 with 30 billion DEP tokens created at genesis. 20 billion DEP, nearly 66% is reserved for the ecosystem incentives and to be distributed on their NFT DeFi platform PlayMining for rewards of playing the games and DeFi services like staking. Team member vesting is less than 4%

Who Are the Founders of DEAPcoin?

DEAPcoin has unique and strong team members. The Co-Founder is Yoshida Naohito, who has led 3 IPOs in Japan, and is a well known figure in entertainment media companies. Co-CEO, Shigeru Shiina was previously the President/CEO of PwC Japan and prior to PwC he was Vice President of KPMG Consulting Japan. CFO was also previously the CFO of PWC Japan. Also the Co-Founder and CSO Kozo Yamada has a wealth of experience in producing music and variety programming at TV Tokyo Corporation, Yamada went on to establish an entertainment content production company called Tsukuriba, Inc., in 2018.

The Co-founders met and started the project to change the current anime and manga industry, to protect royalties and copyrights for manga and anime artists for the secondary market. By utilizing blockchain technology, the creators are able to earn royalties forever as long as the trades of NFT are conducted. This project now employs more than r0 staff, including marketers from Hakuhodo, Netflix, Yahoo Japan, and financial institutions like Mizuho.

According to Digital Entertainment Asset’s official website, many of the team members hold prizes and nominations from competitions in all over the world like Japan National Team representative finalist for the International Mathematical Olympiad in 2001, and champion of the Japan Parliament Debate Union Autumn Tournament 2014 and 5th place in the World University Debating Championship 2015.

Where Can I Buy DEAPcoin?

DEAPcoin is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Bittrex Global offers Tether (USDT), while Indodaxl also offers [Indonesian Rupiah], Uniswap offers , Ethereum (ETH).

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

reference

Full Form	Category
Distinguished Experts Panel	Academic & Science
Diplome d'Etude Proffessionnelle	Academic & Science
Design Engineering Partners	Academic & Science
Diesel Exhaust Particulate	Academic & Science
Digitital Electronic and Prinit	Academic & Science
Deparizo	Airport Code
Deposit	Banking
Duurzame Energieproductie Pluimveehouderii	Business
Dead End Products	Business
Data Entry People	Business
Detroit Engineered Products	Business
Di-electro-phoresis	Chemistry
Doggy Eels Project	Community
Differentiated Education Plan	Community
Dull Entertainment Programme	Community
Depth Token	Cryptocurrency
DEAPcoin	Cryptocurrency
Data Execution Prevention	File Type
Diesel Electric Propulsion	General
Dearborn Engine Plant	General
Digital Engineering and Prototyping	General
Dundee Engine Plant	General
Driver Evaluation Program	General
Dealer E-Process	General
Department of Environmental Pollution	General
Damage Evaluation Process	General
Data Entry Plug	General
Device Enrollment Program	General
Django Enhancement Proposal	General
Department of Everything Permitted	General
Device Enrolment Program	General
Data Exchange Protocol	General
Data Execution Protection	General
Dermo Electro Proration	General
Door Edge Protector	General
Diesel Engine Parts	General
Driver Education Program	General
Dealer Enhancement Programme	General
Department of Environmental Protection	Governmental
Doing Everything Possible	Governmental
Don't Expect Protection	Governmental
Deplorable Environmental Policies	Governmental
Detoxification Elimination Provocation	Governmental
Data Evaluation Project	Governmental
Department for Environmental Protection	Governmental
Department of Environmental Protections	Governmental
Department of Economic Promotion	Governmental
Departure Control Tower for airport	Governmental
DEPALSAR	Indian Railway Station
Descanso En Paz	International
Duermate En Paz	International
Don't Even Pray	Internet
Director of Educational Partnerships	Jobs
Disability Equality Partnership	Medical
Divorce Event Planner	Messaging
Delayed Entry Program	Military and Defence
Deployed	Military and Defence
Distributed Engineering Plant	Military and Defence