Return profits to DEAPcoin holders
Digital Entertainment Asset Pte. Ltd. (DEA), a global developer of the GameFi platform business, will buy back DEAPcoin (DEP: Deepcoin) on the 5th in order to sustainably increase the value of its proprietary crypto asset DEAPcoin. The company announced that it will start implementing the “DEP Buyback Program” in January.
🎉DEAPcoin (DEP) announces “DEP Buyback Program” for continuous buyback, scheduled to continue from January 2023!
Plan to Buyback up to 40% of DEA’s sales
✅ PRTIMES https://t.co/qMHG7SapK0
— DEP(DEAPcoin)@PlayMining (@PlayMining_JP) January 5, 2023
The DEAPcoin buyback program will continue from January this year, with up to 40% of DEA’s sales as the source of funds (excluding the PlayMining business sales by DEAPcoin).
Details of the DEP Buyback Program
Through this buyback program, DEA aims to improve the value of DEAPcoin in the medium to long term, stabilize the economic zone of the company’s PlayMining, and return profits to DEAPcoin holders.
The specific implementation timing and amount will be published in the company’s white paper soon, taking into account market trends and the situation in the PlayMining economic zone. In addition, it is planned that the repurchased DEAPcoin will be used for lockup, staking rewards, etc.
Until now, DEA has taken measures to expand the game lineup, increase the number of users, and increase the token value through collaborations with famous domestic manga and anime, as well as funding and business alliances with major companies.
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About DEAPcoin (DEP)
DEAPcoin is a utility token for purchasing NFTs and in-game items that can be used on the GameFi platform “PlayMining” operated by DEA.
PlayMining, which started service on May 26, 2020, is “the world’s first Play to Earn token economy”, and DEAPcoin is “the first Play to Earn token distributed in Japan” with over 2.8 million users in 100 countries around the world. have.
As of January 2011, DEAPcoin is traded on domestic exchanges such as BITPOINT, OKCOINJapan, and Huobi Japan.
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