Derived from the definition of "downlow" which was taken from the African-American Community. Brought in by the Filipino/Asian-American Male & Female LGBT community. Reinvented into the word "DownE" with a capital "E" expressed during the hype of the raving/exstacy scene which began to popularize in the early 90's. Giving those who are on the "downlow" a more open environment (i.e. E-parties.) Those using the term "DownE" also used it to seperate themselves from society's stereotype of a Gay Asian Male, as well as Gay Asian Female. As a means of communication. The internet played a major role in the growth in popularity for the word "Downe." With websites such as Downelink.com, the definition of "downe" is constantly changing. A good thing or a bad thing, take it as you will. From my opinion, the definition can't be found on any dictionary. Define it for yourself. Whether it be just another term for being Gay, Lesbian, Etc. or make it mean more to you than just a label.
Do you remember the downe scene back in 96? Now thats taking it way back to it's roots.