What Is DePo (DEPO)? Features, Tokenomics, and Price Prediction
DeFi

What Is DePo (DEPO)? Features, Tokenomics, and Price Prediction

3 months ago

CoinMarketCap takes a deep dive into DePo (DEPO), a decentralized application platform that consolidates all crypto-related experiences in one place for new and experienced users.

What Is DePo (DEPO)? Features, Tokenomics, and Price Prediction

Tabla de contenido

DePo (DEPO) claims to be the world's first decentralized multi-market aggregator platform that is suitable for both beginners and experienced users. It serves as a bridge between institutional-grade investment and widespread retail usage of blockchain and cryptocurrency technology.
DePo is trying to build a holistic ecosystem in which all aspects of crypto trading, storage, and management are available to a worldwide audience via a single platform. It provides a platform where users can have portfolios of digital assets across various blockchains, platforms, and marketplaces. Moreover, the platform also comprises centralized exchanges (CEX), decentralized exchanges (DEX), NFT markets, and DeFi farms and pools.

Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for?

How Does DePo (DEPO) Work?

DEPO uses Smart Order Routing (SOR), which is an automated approach for managing orders that aim to take advantage of the greatest available opportunity across a variety of marketplaces. Users can obtain the best possible bargain from the global cryptocurrency market when trading assets on DePo. To do this, each trade order is dispersed across many centralized and decentralized exchange markets, resulting in the best prices on a constant basis.

Current Progress of the DePo Team

In an official interview to CoinMarketCap, DePo said:

"DePo’s team of professionals has achieved an impressive track record of delivering quality products to strict deadlines & with the highest levels of security. We are continually building on this proven success to deliver on our promise - bringing together the fractured crypto market to reduce barriers to entry & facilitate genuine mass adoption. Our expert developers have several projects on the go that will be delivered over the coming month, including a fiat onramp, comprehensive portfolio dashboard, mobile-friendly dApp, bonds, revenue sharing, multi-tiered referral system, a cross-chain bridge, and NFT marketplace integration. The DePo system is constantly being enhanced to provide the intuitive and easy-to-use systems demanded by retail users, combined with the power and functionality of professional tools needed by large institutions."

For the complete roadmap of DePo, click here.

The Team Behind DePo (DEPO)

DePo has a strong team of individuals from the blockchain field as well as the larger business world. The project's leaders are as follows:

TJ Dunham – CEO

TJ is the founder and CEO of DePo, and he has extensive experience in corporate management as well as a thorough grasp of both conventional and decentralized finance. He intends to make the DePo platform user-friendly, therefore paving the way for widespread crypto adoption.

Alex Hong – CTO

Alex has about 10 years of experience in the blockchain business and is highly knowledgeable when it comes to the DeFi world, especially in developing smart contracts for staking and rewards, constructing DEXs and wallets, upgrading proof-of-stake protocols, and working on flash loans and other financial solutions.

George Fox – COO

George offers DePo an exceptional combination of military and commercial skills. He focuses on creating structure and organization to boost DePo's productivity and efficiency as the Chief of Operations.

For the complete list of team members at DePo, click here.

Problems in the Crypto World That DePo Will Solve

There are hundreds of competing tokens emerging every day. Decentralized products, chains, and exchanges have all grown to give distinct benefits, but with their own idiosyncrasies and variable degrees of interoperability. This has created two important entrance hurdles into the crypto space:

#1. Complexities that users face while dealing with the crypto platforms

To begin, when it comes to acceptance of crypto in the masses, the first learning curve is high and plagued with not just difficulties but also the regular prospect of irrecoverable financial loss due to user mistakes.

Each token may demand a unique wallet, exchange, and staking site, each having its own set of login requirements, fees, interface of the system, and requiring many tasks across several interfaces. This presents a number of possible failure points where a user's improper action might lead to financial loss.

Because of the maze of platforms, networks, protocols, wallets, and exchanges, widespread cryptocurrency adoption remains unknown. To come on board, one must spend a large amount of time learning about technicalities.

#2. The hurdle posed by a diverse portfolio

Second, even the most experienced users can perceive cost reductions in maintaining multiple assets spanning an ever-increasing number of wallets, protocols, and chains, thus restricting the extent of their engagement and hence the overall expansion of the ecosystem.

Due to the lack of a single live portfolio overview, principles such as risk management, asset diversification, and portfolio rebalancing can be difficult to apply. This is especially difficult if a portfolio includes a variety of crypto assets such as DeFi and NFTs.

The Solution That DePo Provides

DePo seeks to combine the fragmented environment within one roof, introduce interoperability to cryptocurrency investment, and enable its users to harness the full potential of blockchain technology and DeFi. All of this will be accomplished through the use of user-friendly aggregator technology.

Aggregator technology is widely used in the travel industry, allowing it to grow to a $9 trillion business by empowering travelers through web-based platforms such as Skyscanner or Kayak that combine all information in one place and eliminate intermediaries.

DePo aspires to accomplish the same result in the crypto arena. The notion is not only technologically validated, but it is also well-known and commercially feasible. Ideally, ongoing development in cryptocurrencies has the potential to exceed the present value of the global financial industry, which is over $20 trillion, or more than double the current size of the travel industry.

Unique Features of DePo

Investment-Grade

DePo is a one-stop platform that provides users with the necessary trading tools and quick liquidity access required to manage digital assets on a professional or institutional level.

Decentralized

Users have complete control over their assets, avoiding the locks and constraints imposed by centralized financial institutions. DePo is non-custodial in the sense that your keys and coins are yours to own. The platform does not have any KYC requirements.

Consolidated Multi-Market Aggregator

DePo is a unified platform that brings together all major controlled and decentralized exchanges, NFT marketplaces, and decentralized apps (dApps). Therefore, users are not compelled to manage their digital assets across several platforms.

Ease of Use

DePo employs a user-friendly and easy-to-use interface that allows you to access assets in only three clicks.

The Best Price

DePo enables customers to harness the power of liquidity routing by utilizing SOR or smart order routing, which ensures that you always receive the best price available in the global cryptocurrency market.

All CEX’s and DEX’s

DEPO auto-syncs data from over 600 cryptocurrency exchanges and 6,000 assets securely, allowing you to trade your digital assets with ease.

It also provides quick and efficient trading on all accessible DEXs without the need for a middleman that may sacrifice performance and security. Consider a dashboard that allows you to trade, arbitrage, and manage your accounts on all DEXs in which you have liquidity - all in one spot: DePo is the name.

All NFT Marketplaces

DePo's native marketplace allows you to generate, purchase, and sell NFTs. The data feeds inside DePo aggregates prices from Rarible, Mintable, and Opensea from around the NFT market.

DeFi Lending Protocol

DePo is compatible with all DeFi lending protocols and, via its smart contract, interfaces with various blockchain platforms, including Uniswap and Sushiswap. It will allow you to lend and borrow tokens using various DeFi apps all the time.

ERC20 Wallets

DePo is interoperable with all major ERC-20 wallets, enabling you to store, receive, transmit, and trade your tokens in a safe manner.

Staking

DePo allows you to keep ownership of your tokens while maximizing your holdings across all staking platforms. Staking allows investors to increase the value of their crypto assets by participating in staking or lending.

Aggregation of Liquid Assets

DePo allows you to view all of your trading activities and portfolio performance on a single, streamlined, and simple-to-use dashboard. Connecting to DePo basically means supercharging all of the platforms on which you presently store your cryptocurrency. The liquidity in each of your accounts becomes fairly flexible, is measured collectively, and is presented on the user dashboard. This effectively implies that whatever account you link to DePo, whether it is a CEX, DEX, wallet, or NFT marketplace, will be displayed in a single location. To top it all, the assets in the account will be instantaneously transferrable.

DePo (DEPO) Tokenomics

The total and maximum token supply of DEPO tokens is 1,000,000,000 and the current circulating supply is set at 280,000,000.00 DEPO.

DePo (DEPO) Price

DePo (DEPO) is now trading at around $0.2538 as of Jan. 14, 2021. Its 24-hour trading volume on exchanges is around $3,216,428.

The DePo (DEPO) Price Prediction and Future Outlook

The DEPO token has a 1-billion-token fixed cap and 30% of the amount is encrypted for a year in Unicrypt. This is done to demonstrate to potential investors that a long-term strategy is in place.

Furthermore, this cryptocurrency has a strong staking potential as holders of the DePo token will receive a 50% revenue share. In the near future, the project's creators hope to include a tiered referral system to increase interest through word of mouth.

However, there is a feature in the DePo ecosystem that is much more intriguing than the DEPO token. Rather than creating a new decentralized exchange, DePo has devised a method of combining the order books of several different exchanges into its own protocol. This provides investors and traders with a unified user experience that can be used across several platforms and eliminates a huge burden for investors who have multiple accounts for accessing different coins.

All of this shows potential and why it is likely that institutional investors may see the DEPO token as a long-term project with strong fundamentals.

The DePo token has surged more than 4,000% from its all-time low of $0.0056. Its current price (at the time of writing) has reached its all-time high of $0.25 and is constantly testing to break its new resistance to make a higher high. Looking at the chart, it can be seen that the price of the DEPO taken has increased gradually to reach its current level of $0.2. In the long run, this is excellent news for DEPO token holders as such consistent price-action is only seen in strong fundamental projects. While the DEPO token is looking bullish right now, the volatility of the crypto market makes everything unpredictable, and it is better to invest after consulting with crypto experts and doing your own market research.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
3 people liked this article