On September 25th, in order to celebrate the launch of DREP on the Bithumb, Korea ’s largest digital asset trading platform, Bithumb Global, DREP co-founder Xiaolong visited the BG live room and shared "How DREP Breaks the Public Chain" The current status of ecological separatism.
This live broadcast is hosted by "BG Host" and is full of dry goods. The following is the live content:
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BG host:
Welcome everyone to the Bithumb Global live broadcast room. Today I am very fortunate to invite DREP co-founder [Xu Xiaolong] to do this sharing for us. The theme of this sharing by Xiaolong is [How DREP breaks the status quo of public chain ecological split]
Thank you Xiaolong for visiting the BG community. Are you ready? ! Let us warmly welcome DREP co-founder 【Xu Xiaolong】 ~
Xiaolong:
Good evening everyone, I am Xiaolong, co-founder of drep.
I am very happy to be here in the Bithumb Global community. Everyone is so active.
question Time
BG host:
Thank you, President Xiaolong. Let ’s go directly to our topic [Host Moderator Questions] today. Please ask General Xiaolong to answer OK after the question is answered, and then we will continue to the next question.
【Question 1】
BG host:
DREP first landed on the Gate.io Startup platform on April 25 this year . The number of participants exceeded 30,000. At that time, China, South Korea, and overseas markets all gained a high degree of popularity . What progress has been made in expansion and community building?
Xiaolong:
Prior to landing on Gate.io Startup, DREP has been dominated by overseas communities, and has been in the top position in the rankings of overseas rating agencies and influencer.
The launch of Gate.io Startup attracted more community users in China. At that time, more than 32,900 people participated in the DREP subscription, and the number of GTs participating in the subscription exceeded half of the GT circulation.
The next five months are the most significant period of time for our R & D, product and business progress.
In terms of technology research and development , we have updated multiple test versions of the DREP mainnet. In September, we just launched the DREP pre-mainnet DREP Planck. As the last test version before the mainnet launch, the overall performance has been greatly optimized, including: improved database read speed, increased data transmission speed between nodes, block synchronization between nodes increased by 2 times, new The Trace function can monitor the running direction and data flow direction of internal commands in real time. The added receipt function enables DREP light nodes to verify transaction data information, and the DREP multi-chain wallet is launched.
DREP testnet 1.0:
https://mp.weixin.qq.com/s/zdxbdihObBZhir57EVHqAw
DREP Testnet 2.0:
https://mp.weixin.qq.com/s/HKx0Ba_ctr0yyxhG8eX0BQ
DREP testnet 3.0:
https://mp.weixin.qq.com/s/MImcOI1MX3okfxFqrsspLw
DREP pre-mainnet:
https://mp.weixin.qq.com/s/MTS24tlm9sjinuX7Y6Uizg
In terms of business development , DREP and Yeeyi (58 Australian cities) and Harkhark (Australian Meituan Dianping), which have already carried out technical docking, continue to complete technical joint debugging and have received progress reports from multiple overseas media.
At the same time, DREP also officially announced more traditional field companies or blockchain companies that have served and cooperated, such as Middle East blockchain solution provider BlockGemini, game unicorn platform price comparator, DIF (decentralized digital Identity Alliance) etc.
DREP team and consultant team "League of Legends" Riot China operations director visited South Korea:
https://mp.weixin.qq.com/s/Efs18UjsPcYuhDakLJumkQ
DREP joined DIF to explore the development of decentralized ID with companies such as Microsoft, IBM, Accenture and others:
https://mp.weixin.qq.com/s/_78adatgim1Yw4i1ycrxyQ
DREP and BlockGemini cooperated in depth to work together to support the Dubai blockchain "2020 plan":
https://mp.weixin.qq.com/s/GHyJN0mnd6MK1DaORIxCFA
DREP and the unicorn game platform price comparison device reached in-depth strategic cooperation:
https://mp.weixin.qq.com/s/jSU56UcflEsGTo4wzM2FIw
In terms of developer community , after becoming the world's first blockchain practice base in Nanyang Science and Technology Innovation Center, and after officially cooperating with the blockchain communities of Kyung Hee University and Sungkyunkwan University, DREP Foundation and the University of Sydney Blockchain Association Build a developer community, and hold a blockchain developer event with the University of Sydney, the University of New South Wales, and the University of Technology Sydney.
The DREP Foundation officially announced that it will build a developer community with the University of Sydney Blockchain Association:
https://mp.weixin.qq.com/s/bYLn-hSOt3sr1tmyaggIuw
The world's top EMBA president class TRIUM and DREP empower the hundreds of millions of digital points market:
https://mp.weixin.qq.com/s/LvdC_ujXzN5TXXACouSOfA
DREP became the first blockchain practice base of Nanyang International Science and Technology Innovation Center. Leaders of Nanyang Technological University visited DREP Foundation in person:
https://mp.weixin.qq.com/s/GSNbLco9N5c4xdROWKWShA
[Question 2]
BG host:
DREP's official website and white paper introduce that DREP is a connector and toolbox for blockchain. Will Xiaolong always use a simple and straightforward form to let everyone know more about what DREP does?
Xiaolong:
I used to work at Tencent. Tencent ’s philosophy was to build Internet connectors and toolboxes. It was also Tencent ’s experience after several iterations of the Internet to mobile Internet.
Our goal is to build the connection and toolbox of the blockchain, which means that our positioning is also an interface and a bridge, rather than a large and complete closed-loop ecology.
I think the real bottleneck in the current development of blockchain is not the bottleneck in performance and technology. The public chain has achieved many breakthroughs in technology, but the DApps it serves lack real users; solutions in the cross-chain field are endless, but its cross-linked chains have no active ecology.
Therefore, DREP mainly solves two types of problems:
1. Public blockchain ecological split, small base of blockchain users
2. Blockchain technology is decoupled from the needs of physical enterprises, with poor usability and difficulty in landing
Although DREP has its own independently developed public chain, we do not want the application development to be restricted to any public chain ecology.
our target is:
The DApp R & D team will be able to release multi-chain versions with one click, support any kind of digital assets, and call DREP's mature technical interface without any influence.
DREP's core products include DREP Chain, DREP ID and DREP SDK.
[Question 3]
BG host:
Because we know that Xiaolong was previously the technical leader of the Qtum quantum chain team and has more than 3 years of experience in public chain development, so is DREP also a public chain project? What are the relative advantages of DREP in the industry?
Xiaolong:
First of all, although DREP has its own independently developed underlying public chain, and the mainnet will be launched soon, we have never positioned ourselves as a public chain project. Our long-term development vision is:
No longer do their own business, but to achieve cross-chain data communication;
Rather than competing for the stock, it is better to think about how to develop the increment of industry users.
I think the relative advantages of DREP in the industry mainly include:
- For the technical products on the blockchain side with many years of R & D experience and innovative capabilities, the first-mover advantage of technology is the established advantage;
- Understand the needs of existing users in the blockchain field, and avoid cross-industry people's blind optimism and speculation about industry users.
- Experience and resource accumulation in specific vertical industries, such as gaming and financial industries.
[Question 4]
BG host:
DREP's vision is to "break the status quo of public chain ecological separatism." Recently, there have been many voices in the industry questioning the long-term survival of public chains. Can Xiaolong always explain DREP's vision and how to realize this vision?
Xiaolong:
Many public chain teams devoted to technology research and development are often totally denied because of the depreciation of public chain tokens. Finding a suitable location and obtaining a path for users holding currency is very important in a crowded blockchain circuit. DREP also has a public chain that is completely independently developed by us, but we intentionally obscure the attribute of "public chain", which is to break the "established model" of public chain development. The public chain is only one of the blockchain technology solutions, and the technical characteristics or advantages are necessary conditions, not sufficient conditions.
DREP's vision is simple, highly concurrent, user-friendly, and commercial. The straightforward point is that performance does not become a bottleneck for commercial use, allowing users to use blockchain services without feeling, linking data islands to achieve current commercial value.
To be a blockchain application, you need to polish your own products like the Internet startup team, and lower the threshold of use and improve the user experience. At the same time, to the target users who have developed path dependence, with a transitional solution. Before the testnet was officially open-sourced in 2018, DREP has started technology connection with Internet companies in the Middle East and Australia to revise its technical product solutions at any time.
[Question 5]
BG host:
DREP officially launched the DREP pre-mainnet, DREP client, and DREP's first game this month. The product development is very rich. Can Xiaolong always introduce the characteristics and highlights of these three products?
Xiaolong:
In September, we just launched the DREP pre-mainnet DREP Planck. As the last test version before the mainnet launch, the overall performance has been greatly optimized, including: improved database read speed, increased data transmission speed between nodes, block synchronization between nodes increased by 2 times, new The Trace function can monitor the running direction and data flow direction of internal commands in real time. The added receipt function enables DREP light nodes to verify transaction data information, and the DREP multi-chain wallet is launched.
DREP Testnet 1.0: https://mp.weixin.qq.com/s/zdxbdihObBZhir57EVHqAw
DREP Testnet 2.0: https://mp.weixin.qq.com/s/HKx0Ba_ctr0yyxhG8eX0BQ
DREP testnet 3.0: https://mp.weixin.qq.com/s/MImcOI1MX3okfxFqrsspLw
DREP pre-mainnet: https://mp.weixin.qq.com/s/MTS24tlm9sjinuX7Y6Uizg
The DREP client currently includes a universal wallet for digital assets developed by ourselves that supports multi-currency and can be used for cross-chain transfers. Its highlights are in addition to supporting the storage, transaction and cross-border of various digital assets such as BTC, ETH, BNB, DREP, etc. Outside of chain transfers;
Another highlight is its commercial value. We embed many functional interfaces with financial and game attributes, such as staking function, game payment SDK, etc., combined with the current industry-wide, popular and high conversion rate gameplay, let DREP The client is more like an integrated station of toolbox and flow interface.
DREP ’s first game is a prototype of an application that we will run based on the DREP SDK. This month, we will first launch the Alpha version, allowing DREP to hold user experience-based payment, play game lock / hold positions to obtain revenue, and multiple asset exchanges. There will be greater functional iterations later.
[Question 6]
BG host:
One of the application scenarios of DREP is the direction of the game. Xiaolong has also been engaged in game research and development for 3 years in Tencent Tianmei Studio. So for games + blockchain, Xiaolong always thinks how can I really solve the pain point?
Xiaolong:
At present, there are three major development issues in the game + blockchain:
1. Public chain ecological segregation, the user base obtained by relying on a single public chain is limited
2. The current real performance and to C services of most public chains cannot meet the needs of game development and operation
3. The majority of small games in the chain game industry are weak, and the larger game CP team has no incentive to enter the field.
The DREP team has developed a software toolkit for the vertical field of games, so that game release is no longer limited to a certain public chain ecology, and there is no need to develop multiple versions of public chains such as ETH, EOS, DREP, etc., but through DREP The SDK opens up all digital assets, so that users in the entire blockchain industry can make game payments, transactions, and mortgages without any threshold. At the same time, traditional game users can migrate to the blockchain game version without any influence, and the cost of user education is greatly reduced.
DREP GAME SDK enables digital asset wallets and transaction engines to be built directly into the game system. Players can use digital assets directly in the game such as payment, transaction, mortgage, etc., reducing the player's sense of jumping out. Through DREP SDK, developers can not only incubate various types of blockchain games such as digital asset payment + centralized games, asset on-chain, and logical on-chain, but also connect game players with DREP ID to achieve player data sharing.
On the one hand, DREP has established cooperation with various large-scale games (including centralized games), game distribution and operation platforms, item trading platforms, game guilds, etc .; on the other hand, DREP has also actively researched games to verify that DREP SDK is in the game of intermodal transportation and economic deflation. Model exploration.
The DREP game sector consultant is Daniel Wang, Operations Director of Riot China, the game development company of League of Legends. Currently, the game partners disclosed by DREP include a price comparison device (a platform that carries 90% of the global game prop assets cross-border transactions), Gamebank (a game public chain platform for more than 100 games on the chain), Legion (Japanese elimination games), TonArts (Two of its games "LeBlock" and "Crypto Throne" have more than 100,000 active users), Gyro Finance (strategic partner "Game Gyro" is China's first game media), Game Farmer (blockchain game publishing platform) . DREP is about to disclose more large-scale games that it has cooperated with!
[Question 7]
BG host:
Does DREP have any stimulus plans directly related to DREP Token such as repurchase / destruction, staking, and nodes?
Xiaolong:
1. There is no new circulation before switching mainnet coins -DREP's current circulation ratio is about 20%, and before we officially switch mainnet coins (mainnet is expected to be launched at the end of the year), there will not be any new DREP in the market Increase circulation.
2. DREP liquidity deflation model as a value support -we will obtain revenue through the cooperation with the exchange PoS / fixed deposit products, lock / hold positions in the DREP game, the successive implementation of the DREP Staking plan, in the existing circulation ratio Deflation continued.
3. DREP Foundation destroys 100 million DREPs -Recently, the DREP Fund also announced that it will permanently destroy 100 million DREPs from the locked shares to reduce DREP's future secondary market circulation.
4. DREP Repurchase Program -The DREP Foundation will launch the secondary market repurchase program after the main online launch.
[Question 8]
BG host:
One final question: What are the major plans for DREP in the coming months? What aspects are worthy of everyone's attention?
Xiaolong:
From the aspect of product progress, we will officially launch the first game DREP Mining at the end of September. Starting in October, we will first disclose our staking-like plan. Following the launch of the Gate.io wealth management project, DREP Mining plays a game, Another plan that greatly supports the DREP deflation model.
In terms of business progress, we will continue to disclose heavyweight partners in the field of games and Defi; at the same time, we will announce more news about landing on the new exchange platform.
BG host:
Our host has answered all the questions, thank you very much for the wonderful sharing of Xiaolong. I just had some friends who couldn't help asking questions. I guess you must have a lot of questions to get a deeper understanding. So now we start our final [on-site questioning session].
Questioning rules: The small partners in the group can start asking questions. Our Xiaolong always chooses 5 questions to answer. Xiaolong CEO @Questioner can reply, and the top 5 users who are answered by the Xiaolong CEO will receive the DREP team. 【100 DREP】 token rewards, welcome to ask questions ~
question Time
Question 1: What is the circulation of Drep token? Is it mainly used in the game scene?
Xiaolong: There is no new circulation before switching mainnet coins-DREP's current circulation ratio is about 20%, and before we officially switch mainnet coins (mainnet is expected to be launched at the end of the year), there will not be any new DREP in the market Increase circulation.
Question 2: Is the code now open source?
Xiaolong: We have been gradually open source code with the development progress.
(Attach the DREP github link: https://github.com/drep-project )
Question 3: When will the repurchase plan come out?
Xiaolong: After the mainnet is expected.
Question four: The current DAPP is only known in the currency circle, and the daily activity is really low. There is no real game like the glory of the king. The economic model of the blockchain + the game is a perfect combination. May I ask Mr. Xu, how do you think you can detonate blockchain games?
Xiaolong: When we can really attract high-quality CP.
Question 5: I heard that your project is doing sharding, and Ethereum has also released 2.0. What is the difference between you and the market-based projects like QKC?
Xiaolong: We are partners with QKC. Our bottom chain is a two-layer architecture, which is not the same as sharding.
Question 6: How about the stickiness of the first game that will be launched at the end of September?
Xiaolong: More verification SDK and testing, parkour games, vary from person to person.
end
Thank you very much Xiaolong for sharing in the Bithumb Global community. We believe that DREP is a very solid project, with a huge user ecosystem, a powerful and huge development team, and obvious technical advantages. We believe that the next step of DREP will definitely affect the blockchain world and let more people know about a blockchain project that is landing and ecologically prosperous.
Thanks again to Xiaolong for his wonderful sharing! I hope that Xiaolong will always be a guest in the BG community. If you want to continue to pay attention to DREP, you can add DREP's customer service @DREP 爱 多多 to enter the official communication group. Thank you very much for your support and participation tonight. The open class live broadcast today ended successfully!
Join the DREP official community to learn more about the project dynamics, please add the official small customer service WeChat, DREP is much more cute: DREP_Foundation
