## 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 services

## How Many DEPs 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 DEP?

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, 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 other founder and COO on the project, Shinya Kiriu, has a background as a materials scientist. He then worked exclusively for Mr Nobuyuki Idei, former CEO of the Sony Group, before joining the project after a career as a management member of an AI start-up.

Ryohei Nuka, CFO, is a veteran of Goldman Sachs with a long career in finance and other administrative roles.

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  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](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[Gate] https://coinmarketcap.com/ja/exchanges/gate-io/ (USDT), [Bitpoint] https://coinmarketcap.com/exchanges/bitpoint-japan/, offers [Tether](https://coinmarketcap.com/currencies/tether/) (USDT), while [Indodaxl](https://coinmarketcap.com/exchanges/indodax/) also offers [Indonesian Rupiah], [Uniswap](https://coinmarketcap.com/currencies/uniswap/) offers , [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH).

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.


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BitShares looks to extend the innovation of the Blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or BaO) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts. The advent of (BaO) ushers in a new paradigm in organizational structure in which companies can run without any human management and under the control of an incorruptible set of business rules. These rules are encoded in publicly auditable open source software distributed across the computers of the companies’ shareholders, who effortlessly secure the company from arbitrary control. BitShares does for business what bitcoin did for money by utilizing distributed consensus technology to create companies that are inherently global, transparent, trustworthy, efficient and most importantly profitable.

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