DREP Chain launches private test network Pheme and plans to launch the first Meme coin airdrop in the third quarter of this year

According to official news, DREP Chain announced the launch of the private test network Pheme and will launch the first Meme coin airdrop. Layer 1 DREP Chain adopts a next-generation smart contract platform with an enhanced BFT consensus protocol. The upcoming mainnet will implement deflation tokens. Coin economy, in which 20% of transaction fees will be destroyed, high throughput, low latency and low cost promote the Meme coin project and support user reputation verification and user experience customized reputation protocols. In addition, the DREP Foundation announced the upcoming launch of the first Meme coin airdrop, which will occur in conjunction with the launch of the DREP Chain mainnet (scheduled for Q3 2024) to reward the community. More information on the airdrop, burning and staking plans will be Announced at mainnet launch.