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Project watch: Dopamine

Although the crypto market and largely the crypto industry is on a different level right now, things weren’t exactly the same back in the early years. While Bitcoin was released back in 2009, things weren’t exactly exciting for the crypto industry. This is mainly due to the fact that the technology back then was so new that it took a while for people to realize that crypto can have other use-cases. Initially, people thought of cryptos as a replacement for traditional payment mechanisms. However, the community realized that crypto could solve much more than replacing the traditional payment system after a while.

The Crypto industry got its first ‘break’ in 2015 when the industry started to envelope itself and gain some stability and have some standardization. It was back then when many major crypto companies had started their operations. Out of all those companies, one offering, Dopamine, initially aimed to provide names, logos, and prices of different cryptos in the market. As of now, that offering is aiming to become a crypto ‘super app’.

Overview of Dopamine

Dopamine started its operations back in 2015. Initially, its main functionality was to provide the names, logos and prices of the different cryptos in the market. Back then, the market was a lot smaller & less demanding.

However, things started to change in 2017 when the first bull run in the crypto market happened in June. Following that, the user base grew exponentially, which also propelled the development phase.

Dopamine stands strong with more than a million downloads on Play Store and App Store.

Features of Dopamine

As of now, Dopamine enables quick and easy access to cryptocurrency prices, market cap, exchange markets, coin details, charts, crypto news, ICO live – upcoming and finished, alerts on over 1000 cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Iota, Cardano, Stellar, Ripple, Litecoin & many more.

Also, Dopamine currently supports Ethereum, Binance, Huobi, Fusion & Polygon. Moving on in the future, Dopamine is planning to support blockchains like Solana, Cardano and many more.

Users can access price information, buy and trade crypto assets, manage their portfolio, manage their wallets, watch educational and other crypto-related videos on the Dopamine app.

Team and Investors of Dopamine

The team behind the Dopamine app consist of 9 members. Karim Chaib is the founder and CEO of the Dopamine project. He has worked with corporates such as Microsoft, IBM & Credit Suisse. Also, he has over 3 years of experience in blockchain.

Kyriakos Alexandrou is the co-founder and CTO of the Dopamine project. He has over 7 years of tech experience and has been in the blockchain space since 2013. This is his first crypto-based project.

Cyril Chadé is the COO of the Dopamine project and also works as a COO at Cortex. With a background in politics and marketing, the individual is the founder of Polydea, a communications agency specializing in political strategy, digital marketing and graphic design.

The list of investors include:

  • DAO maker
  • MXC
  • AU21
  • Bitcoin.com
  • ExNEtwork
  • Master Venture
  • Moonwhale capital
  • Shima capital
  • Any
  • Zipmex
  • Panda Capital
  • baselayer
  • Node Kapital

Native Token of Dopamine: DOPE

The DOPE token is the utility token of the Dopamine ecosystem. Users can trade DOPE which will act as a utility within the Dopamine ecosystem. With the token, users can access specific functionalities and features in the ecosystem. The token is cross-chain to function on several blockchains and transfer from one chain to the other.

The utilities of the token include:

  • Advertising
  • Reduced Transaction Fee
  • Access to Dopamine Launchpad
  • Access to Premium Trading Signals and Analysis
  • Staking and Farming rewards
  • Airdrops & Rewards.

Tokenomics

The total supply of DOPE tokens is 500,000,000, and the initial circulating supply is 29,750,000 DOPE. The Token Distribution chart is given below:

DOPE Token Distribution Chart.
DivisionPercentageVesting
Private Sale15%10% unlocked on TGE then 10% every month
Staking Rewards20%10% unlocked on TGE then evenly unlocked over 36 months
Users Engagement rewards20%4% unlocked on TGE then evenly unlocked over 48 months
Partnerships Fund5%5% unlocked on TGE then evenly unlocked over 38 months
Development Fund15%4% unlocked on TGE then evenly unlocked over 48 months
Team15%12 months fully-locked then evenly unlocked over 24 months
Advisors2%6 months fully-locked then evenly unlocked over 25 months
Liquidity Fund8%10% unlocked on TGE then evenly unlocked over 36 months

Roadmap

As of now, the team is focusing on finalizing the launchpads and CEXs. They are discussing the same with their investors and will finalize the same once the private funding round is completed.

According to them, their unofficial target to launch is in mid-December 2021.

In the future, they are expecting to add features such as AI-based trading, Wallet Insurance and obtain a Neo-bank License for a smoother operation experience to end-users.

Final Thoughts

With all the features and characteristics mentioned above, Dopamine seems to have a strong footing as a crypto ‘super app’. Not only has the team developed this project for a long time (+2 years) but they’ve also positioned itself as an offering incorporating most of the major available offerings. Other than that, the investor group looks strong which cements the potential of the project.

Overall, Dopamine is a strong project with an extensive underlining and an ambitious aim to achieve what it can possibly achieve in the future.

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