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 and the upcoming main network. A deflationary token economy will be implemented 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 customization of the reputation protocol.