Dreamr: A Web3-powered Social and Financial Platform for Dreams.

What is Dreamr

Friends, imagine if there were a place where you could speak out all your dreams, big and small, and then a group of like-minded friends would help you brainstorm, and you could even find resources and funding to turn your dreams into reality—wouldn't that be amazing? Dreamr (project abbreviation: DMR) is just such a platform. It's a hybrid mobile application that combines familiar social media features, decentralized finance (DeFi), and peer-to-peer (P2P) tools, all aimed at helping people pursue their dreams more practically.

You can think of it as a combination of a “dream incubator” and a “social accelerator.” In this app, you can:

• Announce your dreams: Just like posting on social media, write down your dreams or showcase them with pictures and videos.
• Build your “tribe”: Find friends who share similar dreams or can offer help and support, forming a community—Dreamr calls this a “tribe.”
• Seek support: If your dream needs funding, the platform also provides a crowdfunding feature. If you have skills, you can offer services in the peer-to-peer marketplace or find others to help you.

Simply put, Dreamr wants to bring your dreams from your mind into reality, and in the process, make sure you’re not alone but have a group of people working together.

Project Vision and Value Proposition

The core vision of the Dreamr project is to enable people to “pursue dreams without limits.” It aims to make chasing dreams more practical and feasible by providing a full suite of digital tools and resources.

The core problem it wants to solve is that on traditional social media, we are often led by algorithms, wasting time, and it’s hard to build meaningful connections and access resources around a specific goal. Dreamr goes the other way, putting users and their dreams at the center of the experience.

Compared to similar projects, Dreamr’s differentiator is that it tries to break the siloed nature of traditional platforms. For example, you might socialize on one platform and crowdfund on another. Dreamr’s goal is to provide a “vertically integrated” solution, integrating social, crowdfunding, and peer-to-peer service marketplace functions into one app, so users can do everything they need to pursue their dreams in one place.

Additionally, Dreamr emphasizes community-driven governance and giving back to society. It has a charity called “The Dream Machine Foundation,” dedicated to creating ecosystem value by giving back to the community.

Technical Features

Dreamr is a hybrid mobile application, which means it has the convenience of a traditional mobile app while integrating blockchain (Web3) technology.

• Hybrid app: Runs on both iOS and Android devices for user convenience.
• Web3 integration: The platform integrates Web3 technology, meaning it leverages the decentralized nature of blockchain.
• DMR token: The Dreamr platform token (DMR) is an ERC-20 standard token based on the Ethereum blockchain.
  • ERC-20: This is a technical standard for creating tokens on the Ethereum blockchain, like a universal set of rules to ensure tokens can circulate and interact smoothly within the Ethereum ecosystem.
• Blockchain payments: In-app P2P payment features will be activated, enabling direct transfers between users using blockchain technology.
• Digital wallet: There will be a secure digital wallet in the app for storing and managing DMR tokens.

Although specific details of the underlying technical architecture are not extensively disclosed in public materials, as an ERC-20 token, it relies on the security and decentralization of the Ethereum blockchain. This means transaction records are public, transparent, and immutable, and no single central authority can control the issuance and circulation of the token.

Tokenomics

The token for the Dreamr project is DMR, full name Dreamr Platform Token.

• Token symbol: DMR
• Issuing chain: Ethereum (ERC-20 standard)
• Issuer: Dreamr Labs Ltd.
• Total supply: 210,000,000 DMR
• Token utility:
  • Staking governance: One of the main functions of the DMR token is for platform staking governance. Users holding DMR can participate in platform decision-making, propose suggestions for future development directions and policies, and vote.
    • Staking: Simply put, this means locking your tokens in the network to support its operation and security; in return, you can earn rewards or participate in governance.
    • Governance: Refers to token holders managing and controlling major project decisions and protocol parameter adjustments through voting and other means.
  • Unlocking advanced features (Dreamr+): Staking DMR tokens can unlock exclusive advanced features of Dreamr+, which would otherwise require a paid subscription if not unlocked through staking.
  • In-app rewards: 33% of the DMR token supply is allocated to the community as in-app rewards or prizes, distributed through a rewards program called “Giving Dreams Power” (GDP).
• Distribution and unlocking: Community allocation accounts for 33% of the total supply. Once 20% of the total DMR supply has been distributed to community members, the token’s voting function will be enabled, allowing users to participate in platform governance.

It’s worth noting that DMR is designed as a decentralized currency, not controlled by any single government or central bank, theoretically providing users with financial autonomy.

Team, Governance, and Funding

• Team:
  • Dreamr was founded in July 2015 and officially launched the Dreamr app in September 2020.
  • The CEO is Chris Adams.
  • Legal counsel is Joseph BarKatz.
  • The team and advisory board include experts from various fields.
• Governance mechanism:
  • The Dreamr platform adopts a community-led governance model, with the DMR token at its core.
  • DMR token holders can participate in platform decision voting by staking tokens and propose suggestions for the app’s roadmap and policies.
  • Once 20% of the total DMR supply has been distributed to community members, the token’s voting function will be activated.
• Funding:
  • Dreamr Labs Ltd. successfully completed a $2 million funding round.
  • The DMR token has been listed on cryptocurrency exchanges such as Bittrex Global and Uniswap.

Roadmap

Here are some key historical milestones and plans for the Dreamr project:

• July 2015: Dreamr was founded and remained in stealth development for a period.
• 2019: The project ended its stealth development phase.
• September 2020: The Dreamr app officially launched on iOS and Android platforms.
• August 31, 2021 (original plan): DMR token was originally scheduled to launch.
• September 12, 2021: DMR token actually launched after a delay.
• October 2021: Dreamr Labs Ltd. completed a $2 million funding round, and the DMR token was listed on Bittrex Global and Uniswap.
• End of 2021 (planned): Planned to launch Dreamr crowdfunding feature.
• March 2022: Media reported that the DMR token lost 93% of its value within 90 days of launch; the team claimed the token issuance process was “sabotaged.”
• Future plans (based on early materials): Continue developing social and communication tools, including dream updates, Moments, group chats, and in-app digital wallet, and activate P2P payment features on the blockchain.

Please note that blockchain project roadmaps may be adjusted based on market changes, technological developments, and community feedback. The above information is mainly based on historical materials; for the latest detailed roadmap, please refer to the project’s official channels.

Common Risk Reminders

Investing in any blockchain project carries risks, and Dreamr is no exception. Here are some common risks to be aware of:

• Technical and security risks:
  • Smart contract risk: Although DMR is an ERC-20 token relying on Ethereum’s security, if the project team develops its own smart contracts in the future, there may still be code vulnerabilities or security flaws.
  • Platform operation risk: As a hybrid app, its stability and user experience depend on ongoing development and maintenance.
• Economic risks:
  • Token price volatility: The cryptocurrency market is highly volatile, and the price of DMR tokens may fluctuate sharply or even drop significantly. Historical data shows that the DMR token experienced a significant depreciation after launch.
  • Liquidity risk: If token trading volume is insufficient, it may be difficult to buy or sell tokens when needed.
  • Competition risk: The social media and Web3 application space is highly competitive, and Dreamr needs to keep innovating to stay competitive.
• Compliance and operational risks:
  • Regulatory uncertainty: Global regulatory policies on cryptocurrencies are still evolving, and future policy changes may impact project operations and token value.
  • Legal disputes: Historical reports show that the Dreamr team has filed lawsuits over token issuance issues, and such legal disputes may affect the project’s reputation and operations.
  • User adoption risk: The platform’s success largely depends on its ability to attract and retain a large user base.

Please remember, the above is not investment advice. Be sure to conduct thorough personal research and risk assessment before investing.

Verification Checklist

• Official websites:
  • Dreamr App: https://dreamr.app
  • Dreamr Labs: https://dreamrlabs.org
• Block explorer contract address (Ethereum):
  • DMR token contract address:
    0xF74941046389c78F12fE44784C0EC9ca7CEb7dc2
  • You can view DMR token transaction records and holder information on Etherscan, Ethplorer, and other block explorers.
• GitHub activity:
  • No official GitHub repository directly related to the Dreamr project was found in current search results, which may mean its core codebase is not public or is managed in another way. Note that there are other projects named “Dreamer” or “DREAMER” on GitHub, but they are unrelated to this blockchain project.
• Whitepaper/Detailed documentation:
  • Although no direct PDF whitepaper link was found, Dreamr’s GitBook FAQ provides a wealth of whitepaper-level details: https://dreamr.gitbook.io/dreamr-ecosystem/faq
• Social media:
  • Twitter: https://twitter.com/dreamr_app
  • Reddit: https://www.reddit.com/r/Dreamr/
  • Telegram: https://t.me/dreamr_official

Project Summary

Dreamr (DMR) is a hybrid mobile app designed to help people realize their dreams by combining social media, decentralized finance, and peer-to-peer tools. It provides a platform for users to announce dreams, build communities, crowdfund, and trade skills. The DMR token is the core of its ecosystem, used not only for staking governance—allowing community members to participate in decision-making—but also to unlock advanced app features.

The project has an ambitious vision, aiming to solve the pain points of traditional social media and provide an integrated “dream-chasing” solution. However, like all emerging blockchain projects, Dreamr faces risks such as technology, market competition, token price volatility, and regulatory uncertainty, and its token experienced significant depreciation in the early stages.

Overall, Dreamr offers an interesting and socially valuable concept—using Web3 technology to empower individuals to realize their dreams. For those interested, it is recommended to visit the official website and GitBook documentation to learn more about the latest developments and details, and to conduct independent research and risk assessment based on your own situation. Remember, this is not investment advice.