DEPOCKET LITEPAPER EDIT (NOV 7th 2021)

DePocket

Decentralized assets in your Pocket

Multi-chain DeFi and NFT assets in one place

INSPIRATION

Having been involved in the world of crypto since its inception, the founders of DePocket noticed a problem developing in the cryptocurrency markets. The unprecedented growth of DeFi has been leading to a rapidly expanding and diversified marketplace. On a daily basis, DeFi applications are being released in various forms, such as Decentralized Exchange (DEX) or Lending. For the Ethereum[2] blockchain platform alone, hundreds of applications and protocols are created on DeFi.

Crypto-Assets or non-fungible tokens (NFT) may also be exchanged in various marketplaces or mortgaged on DeFi platforms. With the majority of users likely to be involved on various DeFi platforms, across different blockchains, DePockets founding team identified the Inspiration for their platform. Diversified Investors and crypto-enthusiasts are faced with inefficiency difficulties when managing their portfolios. The crypto-world needed a solution. They NEED DePocket.

MISSION

The DePocket platform is developing with these realities in mind and with the purpose of being a one-stop-shop platform for the 21st century crypto investor. DePocket’s mission is to provide users with a highly comprehensive crypto portfolio & NFT management platform. DePocket will lead the industry in convenience and user experience. The platform functions as a multi-chain, multi-wallet dashboard where users can monitor, manage, invest, swap and save any cryptocurrency and/or NFT assets in a single user-friendly, clean and concise platform.

INTEGRATIONS

DePocket’s cutting edge platform sets up continuous streaming and on-chain data index systems from blockchain platforms via adapters. We facilitate REAL-TIME (NO LAG) asset tracking by easily extracting decentralized asset data.

Using the above architecture, DePocket can easily scale up DeFi and NFT platforms across various blockchains. This is a unique and outstanding feature of DePocket. Mastering the technology makes it easy to scale up a list of assets to quickly and easily monitor them all simultaneously.

DePocket has been developed and optimized for integration with decentralized assets on multi-blockchains; our platform already supports over 1,500 various DeFi assets across multiple chains. As of mid Q4 2021, we have already implemented several notable platforms, including but not limited to: Ethereum, BSC, NEAR protocol, Pancakeswap, Bakeryswap, Venus, Mdex, Autofarm and Alpaca Finance. These integrations are just the beginning of DePocket’s ever-evolving integration network.

MAIN FEATURES

• Asset Monitoring: Asset Tracking and Monitoring across several DeFi platforms with a clean and friendly user interface. Calculate total assets, Profit & Loss (PnL), and asset changes in real-time. Your information remains private, as we don’t access anything about your proof of information or your funds.
• DATA security: Your information remains private, Your private keys and funds always stay under YOUR control. We don’t store or access your data. Just connect your wallet to enjoy all of the DePocket services worry free.
• NFT support: Manage NFT collections alongside all other assets across multiple blockchains.
• Multi-chain x Multi-address: Multi-platform support. View BSC alongside ETH or Solana. No more need for multiple apps and browser windows. Users can add multiple addresses to see aggregated total assets.
• Market notification: Receive updates and important market data such as yield farming, staking interest, and APR/APY ranking. DePocket will help you make wise investment decisions from one optimal dashboard! On-chain API: DePocket provides an on-chain data API to help developers access information from all major DeFi protocols quickly. The DEPO token is used as a native payment method for API usage.
• DeFi utility: DePocket also provides an expanding range of utilities such as Yield Aggregator or a feature that helps users get the best prices from multiple DEXs when swapping tokens. As we evolve, so will our utilities. We will always be ahead of the curve.

TOKENOMICS

The DePocket token (DEPO) use cases:

• Feature unlock: DePocket is a free to use platform. However, some premium valuable utility functions are only offered to DEPO holders. This drives the purchase and maintenance of the long-term token DEPO.
• Governance: DEPO holders may utilize the voting tool and join the decision-making process in regards to platform development and integration priorities.
• Staking and Liquidity Reward: DEPO holders may lock their tokens or become liquidity providers on decentralized platforms such as Pancakeswap or Bakeryswap to earn yield.
• Payment: Developers need to pay in DEPO tokens for each API call when using DePocket’s on-chain API. Premium DeFi utilities, such as Yield Aggregators, also charge DEPO tokens as usage fee.

20% of fees are used to perform market buy-backs and these DEPO are burnt out of supply forever.

This effectively reduces token supply over time, increasing the value of the DEPO token over the long-term

Token overview:

Ticker

DEPO

Blockchain

Binance Smart Chain

Token Standard

Utility

Maximum supply

21,000,000 DEPO

ROADMAP

Q2/2021

+ Architectural design

+ Feature brainstorming

+ First Beta release (mainly support for DeFi on BSC)

+ Voting

Q3/2021

+ Token Private Sales

+ Add more DeFi platforms

+ Support, monitor, and track NFT assets

Q4/2021

+ Initial DEX Offering (IDO)

+ Support Solana wallet balances

+ Farming pool APY/APR monitoring

+ Best APY/APR pool ranking

+ Multichain address tracking

+ Market signal notification

Q1/2022

+ Support DeFi and NFT assets on ETH

+ More features based on community demands

Q2/2022

+ Mobile version support

Q3/2022

+ On-chain API for developers

+ More DeFi utilities such as Yield Aggregators or AutoSwap

RELEVANT MARKET DATA

According to market data from the Ethereum platform released in Q1 of 2021, by Consensys[1], the number of wallet addresses interacting with DeFi protocols was 18 times higher than at the beginning of the quarter.

On the BSC platform, for PancakeSwap alone, the number of users exceeded 3.4 million [3].

This illustrates the limitless potential for DeFi applications and the increasingly high demand for All-In-One App-based DeFi asset management.

References

[1] https://consensys.net/reports/defi-report-q1-2021/

[2] https://defipulse.com/defi-list

[3] https://dappradar.com/binance-smart-chain/defi/pancakeswap