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SINGAPORE, 17 Feb. 10, 2022 (GLOBE NEWSWIRE) — Digital Entertainment Asset (DEA) announces that its native DEAPcoin is listed on Gate.io – one of the leading crypto exchanges.
DEAPcoin, listed under the code “DEP”, is the native token of the DEA ecosystem. This includes PlayMining, a Metaverse and gaming platform, which rewards its users for playing while raising funds, and its NFT Marketplace for buying and selling in-game NFT assets.
Adding the DEP token to Gate.io follows the token’s listing on BITPOINT, BITTREX GLOBAL, INDODAX, OKX, BITGLOBAL, Bitrue, and DIGIFINEX. The unique feature of listing on Gate.io is that community members vote for the tokens they want to appear. When more than 10 million votes are collected for a specific asset, they are then added to the exchange, Gate.io is currently in the top 10 most popular exchanges with a 24-hour trading volume of more than 3 billion of dollars.
The start date of trading will take place from February 18. Gate.io will offer trading on the following pairs: DEP/USDT, DEP/ETH
Statistics show that many players are moving from traditional gaming platforms where they have to pay to play to the blockchain-based gaming model, which allows them to earn by participating and engaging in the game. The Play to Earn has seen an explosive rise in popularity and in-game NFTs now account for over 20% of total NFT trading volume.
This news follows DEA’s recent funding announcement where the Singapore-based blockchain company raised over $12 million.
Gate.io is one of the leading crypto exchanges in China, founded in 2013. It is operated by Gate Technology Inc. and offers efficient trading and instant deposit and withdrawal services with state-of-the-art technology, while protecting against comprehensively user funds in both centralized and decentralized systems. Another unique feature of Gate.io is that the tokens to be listed are determined by user votes. When a token receives more than 10 million votes as a result of user voting, it will be listed on Gate.io’s trading list. Gate.io is one of the world’s top 10 exchanges for crypto assets, with a trading volume of over $3 billion per day.
More information about Gate.io can be found at its official website.
About DEAPcoin (DEP)
DEAPcoin is a utility token that is distributed on DEA’s GameFi platform, PlayMining, and can be exchanged for NFTs. PlayMining was launched on May 26, 2020 and as of January 2022, PlayMining has over 2.3 million users in 100 countries around the world.
DEAPcoin is the first Play to Earn token to be distributed in Japan, and PlayMining leads the global GameFi market as the world’s leading Play to Earn token economy.
More information about DEAPcoin can be found in the white paper.
About Digital Entertainment Asset Pte. ltd. (DEA)
DEA, a GameFi platform company, was founded in Singapore in August 2018 and developed the JobTribes Play-to-Earn game and NFT Marketplace by DEP (which will be renamed “PlayMining NFT” on February 22, 2022). By using blockchain technology, we aim to create a world where value can be created while having fun.
Co-CEOs: Naoto Yoshida, Kozo Yamada
Location: 7 Straits View, Marina One East Tower, #05-01, Singapore 018936
Created: August 2018
Company Description: GameFi Platform Company
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