Hey everyone! This is Part IV of VI from our May-June update catchup series (5 Jun - 11 Jun'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
Yosma's Cheerful Cassowary beat Eva's Bright Beetle in a quick finale to win this week's Parena which had a massive $PAR pot thanks to a generous donation from Tony. Gamer Boy’s “Random Gk” and “Renewal from January” quizzes in Tiproom were fun as always. Plus, there were 10k $PAR in prizes. Cool! Charlotte’s “Mega Trivia” got everyone scratching their heads. CoD Mobile gamers were in for an epic time this week with Tavo hosting a tournament with a 3k $PAR pot in the Parachute War Zone. Two-for-Tuesday slid into the "rap, reggae and reggaeton" mode this week. Click here to listen to the playlist. Thanks Sebastian for setting it up! If you have been around for a while, you’ll know that Clinton’s charity, For Living Independence, does some amazing work. So the next time you shop on Amazon, don’t forget to show some love though AmazonSmile.
Cap and crew made their voices heard in NYC this week in solidarity with George Floyd
Congratulations to 2gether for crossing the 40k user mark this week. A new way for account top ups was introduced as well. This week’s CEO email covers news on the latest UX and the 2GT token. Youtuber Funontheride featured the email in his video. Filippo Angeloni covered the latest updates in his newest video as well. Founder Savador Casquero wrote about crypto staking in an Investing.com article. MakerDAO covered the 2gether card in its blog post on crypto debit cards. Following the XIO dApp update from last week, Citizens brainstormed about the UI this week. Citizens also talked about some of their contrarian beliefs in crypto. Bomb community started a Uniswap rewards program. Voyager raised USD 2.1M through a private placement from investors such as Streamlined Ventures, Susquehanna, Market Rebellion etc. Their stock has seen some enormous growth this year too. CEO Stephen Ehrlich shared his thoughts on the crypto market in a recent Bloomberg article. The team also took inputs from the community on which crypto to list next. John McAfee announced a Ghost cell phone data service to be released in September. Check out how the eSIM will work from the sneak peek video. The list of supported phones is mentioned here. And hope you had good fun in ParJar Gaming while winning some cool $ESH. A new set of upgrades were pushed to the Fantom Wallet. For the latest technical update on the project, click here. This week, I also wrote a Hackernoon article (with my co-author Rohit) exploring projects which had unique variations to Proof-of-Stake for their chain consensus. Among the projects featured were Fantom, COTI and Harmony. Jeff from Uptrennd will be speaking at the LA Blockchain Summit in October this year. The winners of the Blockchain Awards were announced. The newest Opacity release allows expired accounts to be revived within 2 months of expiry.
Fantom, Harmony and COTI take up a tiny but growing slice in the global staking pie
Catch up on the latest District0x weekly update and dev update from here and here respectively. The Q1 2020 report was released as well. The project is still sitting on a healthy crypto asset base of USD 4M+. Hydro team shared a guide to choosing a prepaid debit card program manager. Their PaaS report was also covered by Finovate this week. A new research page for featuring all of Hydro’s fintech research material was released. The successful applicants of the Project Hydro Decentralization Ambassador Program (which started in May) were voted upon this week and 7 DAs were elected. Silent Notary, Ubikiri and IDL integrations were completed this week with Silent Notary now appearing in Applications section of Ubikiri. A roundup of the latest updates was published as well. Sentivate founder Thomas Marchi sat down for an interview with MineYourBiz Monday’s NrdGrl007. Mycro announced that Chaia.io will be hosting a campaign on the Mycro Hunter App soon. SelfKey’s Data Breach compendium was updated this week. And if you’re a Product Designer looking for remote work, don’t forget to check out this opening at SelfKey. What next for Constellation? Watch the Constellation Network State of The Union to find out. Their educational group Startdust Collective made a brand video and a high level explainer article on the HyperGraph Transport Protocol. Pynk is thinking about doing a global crowdfunding campaign as opposed to one that is restricted to certain countries only. In light of this, the Pynk Crowd Wisdom was put to work to find out the best way to go about this.
Results of the Project Hydro DA Elections
Wibson’s latest app update was covered by Cointelegraph and Europe World News. Click here to catch up on this week’s detailed work thread from the Harmony project. A recent Harmony ecosystem is the SmartStake dashboard to check staking stats. Sprout Wallet now supports core utilities of HRC20 tokens. The team sat down for an AMA with Binance India and KuCoin this week. Next week they will be doing another AMA with the larger Binance community. Some insights about the Harmony grants were shared in this week’s community call. Read up on Intellishare founder Raymond Xiong’s thoughts on DAOs which he shared as part of a speaker panel at the 2020 Digital Innovation Project Exchange Conference. The team also published a post on how they aim to solve the DeFi congestion. The TestNet is expected to arrive soon as well. After the latest livestream of DI-RECT’s concert which saw ~10k attendees, GET Protocol announced that they will be facilitating tickets to the follow-up show as well. A recap of the COTI journey was published to mark the one-year anniversary of the project and the occasion was celebrated with a fun trivia. DoYourTip community voted to have liquidity rewards for pooling $DYT on Uniswap.
And with that, it’s a wrap! See you again with another update. Ciao!
Hiya folks! Hope the shelter-at-home is treating you well. As you might know that the super cyclone Amphan struck Eastern India and Bangladesh day before yesterday. As a result, I went into radio silence for two days. Now that I am back in the grid (albeit with ultra-super slow internet; this post took 4+ hours of retries just to upload pictures), let’s get rolling with the weekly update catch-up series again. Here’s your week at Parachute + partners (17 Apr - 23 Apr'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
24 cryptocurrencies are now live on ParJar for trading with fiat in Europe, India and UK. This is massive! The new ParJar and #cryptoforeveryone masks look great Clinton! Designers in Parachute, Clinton is looking for fresh original designs for merchandise in the Parachute Shop. You can bag some cool $PAR and discount codes if your art makes it to the store. The #par4par raffle currently has a 500k $PAR prize pool. If you have 10k $PAR in your ParJar, you can claim a ticket. Get in on it! Foo hosted a Parena so that winners can get a taste of the raffle with their prize $PAR. Bose hosted a random TTR trivia this week for a 10k $PAR prize pot. Don't forget her rules: "you argue and you're wrong, you skip next question". Gamerboy's Tiproom quiz theme was a secret. Did you find out what it was? Charlotte’s Tuesday TTR trivia was fun as always. Victor hosted an animal-themed trivia for 1k $PAR in prize per question. Two-for-Tuesday continued with the ongoing series of letters. This week Gian got Parachuters to post music "featuring bands or artists whose name starts with the letters M, N, O or P". As always, super thankful for the playlist Sebastian! 136 music videos in total. Dang! Jason’s #wholesomewed prompt involved Parachuters sharing unconventional art pieces. "They can be made by you or someone else".
Visit the Parachute Shop for more epic merch like these
Uber cool #wholesomewed entries by (clockwise from top left) Fakhir, Erol, Pars, Georg, Eric, OilJam, Peace Love
Click here to track this week’s aXpire burn transaction. CEO Gary Markham wrote about Time Recording in his latest blog post. More insights into 2gether’s study about women in crypto were released. This is part of their original study report on female crypto consumers which was first published in March. $BOMB founder Zachary Dash set the ball rolling on a proposal system for brainstorming on ideas for the project. Click here for a sample proposal. For #XIOSocial discussions, Citizens talked about what interest rate would be ideal for $XIO when the dApp launches. $LINK was added to Voyager’s platform this week. Click here for the full range of available assets. Voyager also featured in MyFirstBitcoin.info's list of "Where To Buy Bitcoin". They also launched an integration with crypto trading education platform Market Rebellion this week. Switch announced that $ESH token holders will be eligible to claim John McAfee-backed $GHOST coins on 25th May. News of Ghost’s launch was shared in bitcoin.com, Cointelegraph, CoinPedia, Crypto News Flash and CryptoNewsZ. Neva Fomo’s review of SwitchDex was released this week. The winners of the #BUIDLonFantom Developer contest were announced this week. The FantomVision block explorer was upgraded to a Progressive Web App (PWA) which can be installed on your device as an application. The team hosted a monthly AMA in their Discord. This will be happening every month from now. A new technical paper on smart was contracts was published as well.
Bitcoin is a clear favourite for trading among female users
Bounty0x’s fundraiser on Republic came to a close this week with funding crossing over targeted amount by nearly three times. Founder Angelo Adam also shared a sneak peek into how the Hypedia platform could look like. Uptrennd Head of Community, Luke, started an #InfectedWithGratitude giveaway that brought 2 days of wholesome joy to the community. Founder Jeff Kirdeikis sat down for an Altcoin Buzz interview to talk all things crypto. IOST joined Uptrennd this week. Coingecko joined in the fun too. Awesome! Congratulations on onboarding 30k+ new users in 2020 alone. The team also set the ball rolling for a community-powered blockchain awards. The District0x District Weekly can be read here. Meme Factory now has a fixture inside the virtual world of Cryptovoxels. Hydro made it to the semifinal round of Ground Up Ventures’ March Madness Startup Competition. Congrats! With news of Google’s smart debit card leaking out recently, the team at Hydro discussed the implications of the tech giant entering digital banking. They also wrote at length about FinTech in Brazil and strategies to bank the unbanked. The team also made a presentation at the Canada FinTech Summit this week. For the latest Sentivate development updates click here, here, here and here. SelfKey’s $KEY token was listed on Kyber Network this week. Read more details here. The team opened up an AMA questionnaire form for the community. AMA date not decided yet. They are also hiring currently. Apply if you’re up for it. SimpleSwap listed $KEY and joined SelfKey’s Crypto Exchange Marketplace. To learn more about Constellation’s ERC20 to mainnet $DAG swap, click here. COTI crew sat down for an AMA with KuCoin this week. The KuCoin staking campaign (announced last week) reached its cap within 5 minutes of opening up. If you were hoping to be a mode operator, hope you reached out to the team on time. To read the fee policy, click here. $COTI will be listed on Coinbit next week. Main registration for Staking 2.0 was started.
The Hypedia mockups look great!
Pynk is now SEIS/EIS approved which entitles investors in its fundraise round to tax benefits. Wibson hosted an online meetup with Crypto Resources Academy for their Spanish community. This was followed by an ETHSantiago meetup to discuss data privacy. Harmony founder Stephen Tse was part of a Miami DevCon Fintech panel to talk about DeFi and blockchain in finance. Also, congratulations on becoming the top blockchain project by GitHub activity. Stake Heist was formally opened with bounties to find bugs in the Open Staking Testnet Network and build stuff on it for some sweet $ONE. Delegators were also invited to test the staking dashboard in return for $ONE prizes. Watch more about it here. $ONE got listed on WazirX. Ankr published a comprehensive Open Staking node setup guide. Another major announcement this week was that a chunk of block rewards from staking in the phase 2 testnet will be converted to mainnet $ONE. Woohoo! Click here for an early sneak peek into the new IntelliShare website. A quick introduction of the testnet Pacific Program was also released. In his latest article, GET Protocol CEO Maarten Bloemers expanded on the significance of contactless ticketing in the post-coronavirus world. The article was an excerpt from the team’s submission to the Dutch Ministry of Public Health, Welfare and Sport to explore possible opportunities. Maarten was interviewed by HKB News of Korea where talked about all things GET. Their crowd management solution was featured on Cointelegraph as well.
And with that, we have to say Bye for now. See you again with another update. Cheerio!
Hi Parachuters. Here’s your week at Parachute + partners (8 May - 14 May'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
As mentioned last week, #financialfridays are back with a vengeance. Jason announced the start of the first one in Parachute this week. Create a play crypto portfolio and win some real crypto. Also, Parachute is one of the nominees in Uptrennd’s ongoing Blockchain Awards voting for Best Community. Make your vote count. Gamerboy hosted a Random Trivia in TTR for 10k $PAR in prizes. Congratulations to Peace Love for winning this week’s Parena. more epic new rules for prizes by Foo. Haha. ParJar sent out its first ever push message to users, new and old, informing them of the new fiat on-ramp bringing along lots of new folks to the ParJar channel who got their first taste of Parena this week. Seeing the excitement from new peeps, Foo followed it up with a blink-and-you-miss-Parena. Good fun. Seen the entries of the Tiproom Pushups contest yet? Don’t forget to catch them here. Absolutely wicked! We came to the end of the alphabet train with this week’s Two-For-Tuesday seeing Parachuters post "videos featuring bands or artists whose name starts with the letters Z, A or E". Thank you for getting the playlist into shape as always Sebastian. Charlotte hosted a 100 question massive quiz in TTR this week – 10 sets of 10 questions each. If you’re participating in the Parachute Crypto League, don’t forget to check the latest service announcement from Mark.
The first ever ParJar push notification
These look great, Eric
OST Chief Engagement Officer Simon Pop will be speaking at the Diffusion Digital web conference two weeks from now. Don’t miss it. SelfKey opened up a poll to take inputs from the community on which marketplaces appeal to them the most. If you haven’t yet checked out the project, you can watch its intro video on TokenTuber. To learn more about the SelfKey Exchanges Marketplace, click here. Harmony’s native wallet is now supported on the Chrome Store. The rewards campaign for delegators and validators for Pangaea Phase 3 testnet staking closed this week. Learn all about Harmony’s Effective Proof-of-Stake mechanism from this quick intro video. Co-founder Sahil Dewan sat down for an interview with Coin Crunch India to talk all things Harmony. The team will appear for an AMA with Guarda Wallet next week. Mainnet underwent a scheduled update. With a major code release to close the week, Harmony is now super close to Open Staking on mainnet. The final members of the 6th Autonomous Committee were selected and the Committee established through a voting processes that started last week. For the transcript of founder Raymond Xiong’s AMA with CoinKeeper, click here. Few weeks back, we saw the first glimpse of the testnet Pacific Program. More details were released this week. GET Protocol’s GUTS Tokens announced that they will be ticketing a special live-streamed show for DI-RECT starting next week. It will be a pay-as-you-like liveshow. How does that work? Click here to read about it. A clusterstamp which makes data storage manageable in COTI’s DAG-based data architecture was deployed this week. $COTI was listed on Atomic Wallet.
Harmony has entered the final phase towards Open Staking launch on mainnet
In this week’s aXpire’s literature, Matthew wrote about enterprise expense management software while Joakim shared a 101 on legal billing software. Track this week’s 20k $AXPR burn here. After a disruption due to the COVID-19 crisis, shipment of the first batch of 2gether cards were resumed for dispatch this week. On this occasion the team published articles on the reasons to join 2gether, getting started with the app and importance of KYC. In this week’s #XIOSocial discussion, Citizens talked about the economic viability of XIO. Birdchain’s $BIRD token was listed on BitZ exchange this week. Voyager CEO Stephen Ehrlich will be hosting a crypto investment webinar on May 27th. He also appeared for a Cheddar interview to talk about bitcoin halving. The platform announced a partnership with Silver Cost Basis to enable accurate profit and loss statements for preparing tax returns. Recurring Buys feature was added to the platform as well. Read more about it here. Continuing with the ongoing 10 part blog series, Switch published the remaining parts this week – new features, DAO/governance, GHOST, DESH + SDEX and closed it off with a biggie i.e. acquisition of VeriSafe. $ESH was listed on FatBTC. Hope you didn’t miss out on the giveaway event. The crew will sit down for an AMA with Satoshi Club next week. The latest Fantom website was launched. Uptrennd which is now 500+ days old now has been stacking 60% user growth month-on-month. Pretty neat. District0x’s latest weekly update covers news such as Meme Factory bugfixes, upcoming QA etc. The biweekly dev update was published as well. Hydro made its case for using the integration platform in a blogpost. Plus, an article explaining the quick onboard-ability of virtual cards.
And with that, it’s a wrap. See you again with another update.
Sup folks! Here’s your week at Parachute + partners (3 Apr - 9 Apr'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
Cap shared a sneak peek into what the next 2 weeks will look like for Parachute and ParJar in terms of product updates. TLDR: it "means people in 40+ countires can buy eth with a debit card and then get any coin they want - can also convert any coin they want to Eth" all from the convenience of their ParJar. He followed that up with a much awaited Parachute Digest. The beta has already gotten off to a great start with the first cash to crypto transactions in UK, India and Europe! Cap also announced a new Parachute crypto league to start next week on the new Crypto Leagues platform (news of which we had shared last week). The Parachute Running Club is now a full blown athletics club - "Now, any Activity from Running to Cycling, Swimming to Weight Lifting, Yoga to a Gym Session will be paid for in PAR!". Great going! Gian began this week’s Two-for-Tuesday with a tribute to legendary jazz pianist Ellis Marsalis Jr. on his recent passing. In continuation with last week’s theme, Parachuters posted music videos “featuring bands or artists whose name starts with the letters E, F, G or H” for 2FT this week. Click here for the playlist. Thanks again Sebastian! Gamerboy’s TTR trivia this week was based on “Kindergarten Science”. Haha! Afful hosted another quiz in tiproom for 10k $PAR in prizes. Victor’s TTR trivia was uber fun. Yoleidis won this week’s Parena to take home a cool 10k+ $PAR.
Can you see the new buttons? Exciting!
Thank you for your service Doc Vic (@Vitico96). Mad respect!
20k $AXPR were burned as part of the weekly aXpire burn event followed by the 200k $AXPR monthly burn for April. Tezos was added to the list of supported cryptocurrencies on 2gether app this week. For #XIOSocial discussion this week, Citizens discussed about $XIO’s value. Also, for the artists (and non-artists) out there, put a mask on Bombino to stand a chance at winning 100 $BOMB tokens. Wondering where to store $BIRD tokens and how to withdraw them from the app? Click here and here respectively for the guides. Fantom’s Q1 2020 summary report came out. The latest technical update was published as well. To read District0x’s latest District Weekly, click here. A set of new community incentive programs were announced with $DNT rewards. These will focus on improving the District0x network through community-sourced proposals, artwork etc. Financial data providers Salt Edge and Tink were integrated to the Hydrogen platform this week. The Hydro crew was also interviewed by OmiseGo about Hydro Pay using OmiseGo’s tech to power transactions. In their latest article, they also discussed how fintechs are helping small businesses cope during the COVID-19 crisis. As mentioned in the last update, the new Sentivate browser update will have support for torrents. Founder Thomas Marchi mentioned the support will also include torrent integration. Having submitted ideas for SelfKey’s Mobile App adoption, the community voted for the best ones this week. Europe-based Tokens.net joined the platform’s crypto exchange marketplace. The data breach timeline compilation article was updated with latest information.
$BOMB fans are a super creative community. Here’s a small sample
Uptrennd founder Jeff shared a post listing the entire team that runs the platform from behind the scenes. Never knew that they had a such a big crew. Amazing! The platform now has 12M+ points (and consequently, $1UP) locked for level ups by users. And 500k+ comments in March alone. And big up on crossing 80k members on the platform! The crew kicked off am #EggHunt2020 contest this week. 21 eggs to be found in 5 days. 11k+ $1UP to be won! And saving the best for the last, Uptrennd was accepted into Mousebelt’s accelerator program. Woohoo! You might recognise Mousebelt from Harmony and Constellation who were part of their earlier cohorts. In addition to network effects, this will also contribute to product improvements. How does Pynk make money with its 0% fee model? Click here to find out. Harmony founder Stephen Tse sat down for a live AMA with the Gitcoin community this week. If you missed it, you can watch it here. Plus, he did a live stream on the current challenges and opportunities. The new tokenomics model was released last week. Anyone wishing to watch an explainer video on it can click here. The weekly #pow thread was detailed as always. Ankr offered 2 months of free hosting for anyone wishing to participate in testnet staking through their one-click deployment solution. Check out the node setup demo here to find out how quickly it can be done. Co-founder Sahil Dewan’s thoughts the Indian fintech scene vis-à-vis blockchains were published in a featured article on Moneycontrol this week. Chainode Tech’s review report on the project came out as well. CTO Rongjian Lan wrote a detailed guide on Open Staking.
Google searches for Uptrennd are showing an uptrend. Noice!
Intellishare crew observed Tomb-Sweeping Day holidays this week which meant a temporary pause to some activities. GET Protocol’s Q1 2020 burn report is here. Looks like 107k+ $GET tokens have been burned last quarter. Not bad! Plus, the community also chipped in to translate the fansite into Korean, Italian, Spanish and Dutch. That is amazing! To check out COTI’s tech roadmap for 2020, click here. The team will sit down for an AMA with Crypto Shelby next week. A big picture explanation of the MultiDAG consensus and token generation process was also released. The first snapshot for DoYouTip’s $DYT bonus was conducted. Following a minor access point issue, CyberFM made it up to listeners by 10X’ing all CYFM earnings for 24 hours from 4th April to 5th April. Wibson hosted an online session on an introduction to bitcoin and blockchains in partnership with MoneyOnChain and cryptoresources.
Lovely scenes from Tony’s and Chris’ backyards
And with that, we close for this week at Parachute. See you again with another update. Cheerio!
Sup folks! Here’s your week at Parachute + partners (4 Oct - 10 Oct'19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
First off, super congratulations to Alexis for becoming a Parachute admin. Woot woot! In the words of Cap: "Long overdue and much appreciated!". Doc Victor hosted a games trivia in Tiproom with 2500 $PAquestion prize. 10 questions. Charlotte’s Math and Voice Clip trivia in Tiproom were another 10 Qs each at 2500 $PAR per Q. Sweet. Ian got $PAR listed in the newly launched McAfeeDex (more on that later). Thank ya Ian! Cryptopreneurs looking for some guidance? Check out Cap’s recommended reading for the week – Haseeb Qureshi of Dragonfly Capital talks about how "pretty much everyone is winging it", how that's part of the journey and how to move from a maybe to a sure thing. Cap says the article “has a hundred powerful little points for building a company (in any space really) that resonate through what we do here at Parachute”. Great stuff! Parachute announced a partnership with Pynk this week. Pynk is an investment platform that uses crowd wisdom to make investment decisions. They will be using ParJar to share USDC and PAR with their community. Welcome on board Pynksters!
Cap, Ice and Shawn in NYC checking out the new WeWork office
View from the office
Victor’s 10 question Friday trivia at aXpire had a 100 $AXPR prize for each question. Neat! Click here to watch the latest weekly recap from aXpire. The new Resolvr promo video was launched. The Resolvr and Bilr twitter handles were started as well. This week’s $AXPR burn saw 200k tokens removed from total supply permanently. CEO Gary Markham was interviewed by PetaCrunch. 2gether’s Crypto Talent contest got coverage from Being Crypto. Founder Salvador recorded training videos for participants of the contest. The platform was featured in an article on Merca2. Spanish speakers, have a look! Emprende TVE did a quick mention, as the team bid farewell to South Summit and travelled to Freshworks Inc's Experience Roadshow. Read up on CEO Ramon’s thoughts on Facebook’s Libra in this Forbes article published this week. The XIO community voted to keep the twitter public in order to keep content available to non-citizens as well. As part of the Binance Dex listing proposal*, the team continued to answer queries raised by the BNB community. Great bit of chatter on the thread on how the XIO ecosystem will work. Andrew (cryptocoindude) wrote a review of the BOMB project which came out this week.
\[As already shared, the switch to Binance Chain has been shelved. $XIO will continue stay on Ethereum chain. But there will still be a token swap. Details will be shared in a future update]*
Bilr UX: simple and intuitive
The $ETHOS to $VGX rebrand requires collaboration from a large set of partners. In line with this, Shingo announced the Rebrand Partner Program. Plus, a shoutout to Voyager from Scott Melker in his CoinTelegraph article was the perfect way to cap off the week. SelfKey is officially out of beta with the latest update. You can read all about it in the detailed article on SelfKey v1.3.0. Also, a summary of all that has happened in September can be found here. We have covered most of these in previous updates. John McAfee launched his self branded decentralised exchange McAfeeDex. This is the first white label Dex built on the SwitchDex contract. Massive! The news was featured on CoinTelegraph, Decrypt, Bitcoin.com, AMBCrypto, Bitcoinist, Block Publisher, Coinspeaker and U.Today. Here’s a guide on how to use the Dex. The smart contract and front end is open sourced and there are bounties to BUIDL more fun stuff on it. Listing any ERC20 on the McAfeeDex is free and the Dex will support more blockchains in the future. SwitchDex will also be offering anyone the chance to launch their own Dex’es called portals built on their smart contract. Click here to see how. Platform fees from McAfeeDex will be distributed to exchange operators and ESH and SDEX token holders. Want to spend a day with the man himself? Get in on the ESH Trading Competition! Also, the social media bounties were distributed this week.
McAfeeDex vs Others. Check the last row. Haha
For the technically inclined, Andre Cronje’s latest post explains Fantom’s current project status. A community member got Uptrennd’s $1UP token listed on McAfeeDex. Uptrennd underwent some upgrades this week while the community partied on Meme Monday. $1UP deposits are now live on the platform. Plus, a few other updates can be seen here. There’s also a post to read all the details on the deposit feature. Along with the consistent rise in Alexa rankings, Google ranking has steadily gone up as well. Congrats! Here’s looking at you Uptrennd crew! Amazing crypto success story of the week has to be Jarau’s journey of buying a laptop with his earned points on the platform. Even Altcoin Magazine featured this. Big up to ya Jarau! Catch up with the latest District Weekly from District0x by clicking here. Hydro entered into a partnership with OmiseGo to make use of their plasma chain tech so that Hydro Pay doesn’t stall even when Ethereum chain slows down. Biz Dev Mark Anstead was also in DevCon5 in Osaka this week to spread the word on Hydro and to demo OmiseGo’s plasma implementation in Hydro Pay at $OMG’s booth. As the Hydro crew prepared for their webinar on financial wellness to be held in a few weeks, their article on this hit the stands. Co-Founder Mike Kane also wrote about its use-cases and about accelerating of fintech innovation in an Oracle blog post. This week we got to see another sneak peek into the Hydro Vault which is currently under development. Super slick! KPMG Turkey became a certified member of the Hydro Partner Program. This will allow them to offer all Hydrogen solutions to their enterprise clients. Noice!
Hydro Vault is sure to grab some major eyeballs
As part of its Notary Consilium, Silent Notary set up a dedicated Telegram group for this. In the run up to DevCon5 at Osaka, beta testing of OST’s Pepo app saw it become the #1 non-game Ethereum dApp. Awesomeness! The formal live beta launch of Pepo saw founder Jason Goldberg and co-founder Benjamin Bollen introduce the app for the first time at Building the New Web and EthPlanet Lightning Talks events to DevCon5 attendees. Don’t forget to get the app today in order to catch your favourite crypto thought leader on there – from Bobby Ong to Amanda Gutterman to Jordan Spence and many more. The launch of Pepo was also covered by Decrypt in a feature article. Click here for pics from the Pepo sponsored Shabu Shabu dinner and pub crawl. Fun! And if you were in Osaka, hope you didn’t miss the Crypto Grows on Trees art exhibition. Another event sponsored by Pepo. Also, Pepo stats can be tracked on the OSTWatch as well. This week at Constellation involved the core team sharing insights about the project on various platforms. Co-Founder Ben Jorgensen shared some quick thoughts on how the team works on BizDev that makes it stand out from the rest. BD VP Benjamin Diggles travelled to Oregon Venture Blockchain Studio Demo Day to talk about $DAG. Read up on VP of Finance Mathis Goldmann's thoughts on Constellation's role in the future of blockchain - "The solution to this issue (of scalability) is third generation horizontally scalable blockchains like Constellation…". Ben’s interview with FomoHunt had a few easter eggs (*cough partnerships *cough) peppered in between. The Daily Chain covered the project in a detailed feature. Tons of $BAGS tokens were given away this week in a community-based SWOT analysis sprint on the project. Also, here’s a call-to-action for content creators. BAGS is looking for you. Collab opportunity FTW!
And with that, it’s a wrap. See you again soon with another exciting update. Bye!
Hey guys, welcome to another recap of an eventful 7 days at Parachute + partners. Here’s your week at Parachute (5 Jul – 11 Jul’19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
This week’s Parena had 235 participants with a 225k PAR pot. Amosity beat Gustavo in the finale to take home 75k PAR. Wojtek spearheaded and got PAR listed on CoinPaprika. Unique’s Math themed trivia in ParJar turned out to be super engaging with 50k PAR given out to winners and participants. Derjenige hosted another trivia in ParJar for a total prize of 50k PAR. Check out the PAR tokenomics on ParJar since it started. Mind boggling numbers! Nilzinho won 50k PAR in the Women’s World Cup Challenge this week. Our subreddit has a fresh coat of paint thanks to CF! The latest merch with our slogan #cryptoforeveryone is now available for sale in the Parachute Shop. Ahead of The Crypto Lifestyle’s interview with Cap, Francis put out a fun teaser.
Rene and Alexis’ beer party expenses settled through ParJar
Over to an epic story from TTR, Unique used his PAR tips to finally buy a guitar which he always wanted. Woot! Song requests incoming. In the Big Chili Race, Jason has taken the clear lead from Tony at 44 cm. Another one of Cap’s epic emails went out this week with easter eggs hidden in it. Seems like ages since we had the last one. Plus we finished the rapid weekly update catch up series last week. So Cap did a monthly recap post with 150k PAR hidden in it (100k in one wallet, 50k in another)! For the 100k PAR, as Cap would put it, it was a blast from the past (OGs, do you remember the gasman incident from May 2018?) with Alexis sending the gas and Tony withdrawing the 100k PAR. The 50k PAR was won by Novel Cloud Lucas Green for being an attentive reader.
<- LordHades grabs OG gear before phase out/Jason receives a package from the beer exchange ->
This week, aXpire COO Matthew Markham sat down with Astronaut Capital CIO Matt Dibb to talk about tokenomics and the market. This week’s update is a video podcast for a change. aXpire launched its Bilr invoicing application for law firms. The AXPR HODL program also reached 5% of circulating supply this week with 28 members in the Prime group. The weekly burn was for 20k AXPR i.e. double the normal amount starting this week. Reasons for the double burn will be released soon. Rohit and my article on market maturity in crypto also came out this week. 2gether CEO Ramon was interviewed by CoinTelegraph. Cardano is now supported on the platform. And finally, watch the 2gether card in action paying for coffee with Dash. Last week we got a sneak peek into the Birdchain SMS feature followed by a real time test video of the feature this week. Beta testing was also launched. What could you expect as a beta tester? Find out here.
Bilr feature set
BOMB got approved for listing on Hotbit. Listing will be next week. CoinsOnFire’s technical update of the project was also released. Zachary also continues to make a positive dent on the world with his support for Brynn Children Home. BOMB won the Uptrennd vote-for-review contest and got a detailed review report done by Romana from the Uptrennd team. Benjamin’s latest coverage on tokenomics came out this week as well. District0x’s weekly and dev updates cover a range of news including infrastructure updates to Meme Factory, experiments on District Registry test nets etc. We have also covered some of these updates in last week’s post. Switch’s ESH token got listed on IDEX. If you have taken a peek inside the SwithDex code and found any bugs, don’t forget to let them know here. Make sure not to miss their latest update post which covers new listings, Dex updates etc.
Thanks Dash for the support to these kids!
The Cryzen Code Studio is now directly embedded on the Crix exchange. Have a look at this video to learn how to backtest your own algo on it. If you haven’t checked out Uptrennd yet, now is a good time to do so. They have been running some fun games and trivias in their Telegram channel and tipping 1UP tokens using ParJar in there. More than 1M 1UP tokens (in the form of points) have been locked into the Uptrennd platform till now through levelling up. Author and Fund Manager Grant Cardone joined Uptrennd this week. Noice! Onto some HYDRO news. Click on the numbers: 1, 2, 3, 4, 5 to check out the latest updates to the Hydro Pay app. TLDR: the dev work is progressing steadily. For dev updates on Hydro Labs, click here. But what is Hydro Labs? It is a separate entity incorporated by Hydro to help spread the Hydro product ecosystem. The introductory post on this new entity explains it all. The winners of the video contest were announced as well. Last week, we covered the Bloom-Bounty0x partnership. This week they made it an exclusive arrangement. Details of the partnership are explained in this article. Bounty0x’s fundraise on Republic hit the minimum funding goal. Sweet! The Voyager + ETHOS Community AMA happened this week. Check out the video here. Highlights from the AMA were – listing ETHOS on Voyager, new token utility models etc. Read more here. Founder Shingo’s thoughts on Facebook’s Libra were published this week as well.
One of the proposed token utilities of ETHOS
FTM was listed on the WazirX exchange this week. Plus, it got added to the BitBerry wallet too along with an announcement of a future listing on Coinzest. In addition to this, FTM was added to another exchange in the OKEx family – xFutures. It is a futures exchange with staking benefits. xFutures announced the start of FTM staking on their platform. The first project to have that privilege. That Martini Guy featured FTM in his latest video as well. The Fantom community is also super engaged with the project already connected to 10k followers on Blockfolio. If you’ve been following Fantom’s developments, you already know that their deep dive tech updates are a nerd’s wet dream. Here are a few from this week: June task log with SFXDX team, DAGchain scope, technical update #11 and StakeDAG. The ERC20-BEP2 bridge built by Fantom also supports BEP2 to ERC20 swaps now. Like the original functionality, this side of the swap has been open sourced as well. Kudos to ya Fantom! And finally, CIO Michael Kong sat down for an interview with Bill from BullFlagGroup to talk about the project. Click here to check it out.
And with that we close for this week. See you soon with another update. Cheers!
Hi everyone! Here’s continuing with the rapid weekly update catch up series. The week that was at Parachute (5 – 11 April 2019):submitted by abhijoysarkar to ParachuteToken [link] [comments]
ParJar crossed 26k tips since the start of the year catching the attention of some big names in crypto. Crypto World News featured ParJar in a news item while Crypto Zombie did a quick shoutout. Belated birthday wishes to Parachute’s very own Iceman! Hope you had a great one mate. Alexis won 400k PAR for topping the March Madness Pool. He also made it to the finale of this week’s Parena only to be beaten by Camille. She took home a cool share from the 200k PAR pot. The DoTA tournament turned out to be great fun with the team of Parachuters beating a team of bots in the game. Participants won 200k PAR and 1300 AXPR each. Chris set up Parachute’s first ever Masters Pickem Contest. The winner would receive a 2019 Masters hat in Masters Green. Sweet!
Parachute’s Master Pickem Contest winner gets to wear this beauty
The Ethfinex community vote came to a close with AXPR coming in 4th even though we had the highest number of unique voters. Inspite of the loss, the aXpire community was a clear cut winner. Community members and overall rockstars Dj and Gamesawy made a ton of awesome artwork to motivate folks to vote AXPR. And motivate they did! aXpirians joined forces and showed strength in numbers with everybody chipping in with as much as they could and more! The final MatchBX redesign sneak peek dropped this week. Check it out and share your thoughts. The weekly AXPR burn took place like clockwork. The AXPR Prime program now has 11M AXPR locked in it. That is insane! FinancesOnline awarded Resolvr with the “Premium Usability” and “Rising Star” prizes with Resolvr also making it to the list of best budgeting software solutions of 2019. Woot woot! Dutch readers can catch up on Crypto Benelux’s review of aXpire which was published this week. And finally, if you kept a keen eye on the chat, Matt shared a super early preview of the front end market place - Digital Shares: "CoinBX as a gateway MVP (backend engine) is ready, but we are adding a front end market place called Digital Shares. Even that backend will see upgrades to increase transaction speed and UI/UX". Stay tuned.
Dj and Gamesawy. You rock!
The 2gether presale started this week for citizens of Eurozone. Check out this thread to see how people in the EU19 have been using the card to buy stuff. This article shares more details on the launch. There’s also a sweet video series on 2gether team members using the card and app to buy carrot cake. Nom nom. CEO Ramon travelled to Innovation Finance Congress and U-tad this week to talk about fintech and collaborative banking models. Click here and here for a sneak peek. The incentive economy model involves customers by empowering them and returning revenue. Read this article to find out why businesses built on such a model will disrupt more industries in the future. Plus, the 2gether Steemit blog is now live. If you’re on Steemit, give them a follow. The first ETC Labs cohort (of which Cryzen was a part) came to an end this week with the Demo Day. Shuvro presented the Cryzen pitch deck on the occasion. Check around the 38 minute mark. Code gurus, have a look at Shuvro’s machine learning proof of concept simulation. The code involves a train function which uses past data to predict a future data point. See if you can better it!
Can you spot Ramon on stage?
Firstly, congratulations to HYDRO for making it to the top 3 in the Ethfinex community vote. And accolades have been coming Hydrogen’s way throughout the week. Fast Company named Hydrogen in its list of World Changing Ideas in the Developing World Technology category. By making the list, HYDRO was in august company of such behemoths as Ripple and Mindtree. Hydrogen was also selected to the WealthTech100 list of the world’s most innovative WealthTech companies for 2019. Mike should start working on getting a bigger trophy room. What say? The team also presented the molecule blockchain this week at the Global Treasury Leaders Summit hosted by The Economist. Blockchain Transparency Institute’s Market Surveillance Report for April’19 was published this week. HYDRO is one of only 55 tokens that can claim 0% wash trades on the list of 567 tokens that were analysed by BTI. Another big win for HYDRO! The Hydro developer update also came out this week. Did you know that 9M HYDRO tokens were rewarded to developers from the community who successfully completed bounties? Read more in the update.
HYDRO is one of only 2 tokens with more than USD 100k volume and 0% wash trade
Fantom announced a partnership with Yonsei University this week to work on virtual machines compiler development. Research updates in this segment will be released in the future. Fantom has released a simplified explanation of its proof of stake model. If you had trouble decrypting the more technical PoS document, the latest article should be helpful. Following Fantom CIO Michael Kong’s AMA last week, SharkCIA conducted a 1-on-1 interview with him. Click here to check it out. District0x’s weekly update cover a range of news from tipbots to invite links. If you want to know about token curated registries being built with Meme Factory, check out this helpful guide. The press release of Switch’s DEX platform was published on bitcoin.com with details on how the fees from the DEX will be airdropped to ESH and SDEX holders. If you missed the SwitchDEX introduction article last week, you can read the press release to catch up. CEO Josh appeared for an interview with Joe’s Crypto to discuss on all things Switch. Horizon State closed the week with another exchange listing. This time on UpBit!
Approximate distribution of FTM block rewards over a 4 year period
Opacity’s slogan competition saw a winner being announced this week. The winning entry was “Handle your Privacy” and it clearly represents what Opacity is all about. Freedom to control your privacy. Blockport STO press release was published on CoinTelegraph with details on the project. The STO also made it to the top 5 STOs of 2019 list prepared by CoinFunda. Uptrennd founder Jeff’s interview by Scott Cunningham dropped this week. The discussion ranged from the ins-and-outs of the platform to the future roadmap. Also, Uptrennd is giving away 20 bonus points (redeemable for 1UP tokens) for joining their Telegram channel. Still trying to figure out how to use the Birdchain platform to launch an ad? Here’s an article that lays out all the details. Plus, this guide on how to grow your community should be useful for budding marketeers.
Ad statistics on Birdchain
Uzi’s interview of Ethos CEO Shingo provides an in-depth look into how Ethos functions as a company and where crypto is heading to in the foreseeable future. And if you’re looking to introduce a friend or family member to blockchain, sign them up for the Ethos Blockchain Course. Crypto awareness FTW! Dapp.com featured the WednesdayClub dApp this week in a brief write-up. And finally, the latest Gem app update (v0.17.6) came out which has fixed a few pending bugs. Check it out from the App Store/Play Store! Want to see something cool? Here’s a couple of antiquities from Gian’s extensive collection of treasures:
From our very own Giandiana Jones’ treasure chest
And with that, it’s a wrap for this week at Parachute. See you again with another update soon!
Hiya folks! With this update we will be totally caught up with the latest Parachute weekly. Whew! Told ya it will be fun. Thanks for sticking by. Here’s your week at Parachute (28 Jun – 4 Jul’19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
ParJar crossed 10k users this week (with 120k total transactions till now). The growth is real! PAR got listed on Mercatox as well. The first Cex listing. Woot! Remember how well researched Benjamin’s BOMB metrics reports were? You are in for a treat. He made a deep dive report on the PAR token metrics as well. Enjoy! CoinsOnFire’s review of Parachute is out too. Have a read! Cap’s Parachute journey article was translated to Spanish by Roberto. The milestone items for July are pargas, new projects, more coverage. Cap announced a competition to design a logo for the Parachute News/Announcement channel. Tons of solid entries. 300k PAR were given out to the top picks. Pedro’s logo was simple yet clear in its message and was the winner of the comp with it becoming the Ann channel logo.
Great work on the logos, guys! These look super fresh
Ice and Chris rocking that Parachute swag
The latest ParJar feature allows you to see price of any coin/token/USD/CAD/EUGBP/PLN/RUB amount to another coin/token/USD/CAD/EUGBP/PLN/RUB. So if you want to see price of 5000 PAR in AXPR or USD, just type /convert 5000 PAR AXPR or /convert 5000 PAR USD. Try it out in PM with the bot. Ketan won this week’s Parena and laid claim to the lion’s share of the 100k PAR pot. Victor’s trivia this week in ParJar was on Animals. 10 questions, 50k PAR. Dayum! Ian hosted an art quiz in ParJar as well. Another 50k PAR given out. The OG Parachute items were finally phased out of the parachute shop this week. Check out the latest gear that arrived in the shop.
The Big Chili Race Standings as on 2-July
Alexis receiving one of the last shipments of the OG gear
aXpire submitted its proposal to be listed on Binance Dex this week. The 100k monthly AXPR burn can be tracked here. Weekly update video is up as well. Have a look. Co-Founder of Huddl, Vishal Karir, wrote about BOMB as deflationary gold in an article on scarce assets. Jason Choi, researcher at The Spartan Group, talked about two "fascinating & underexposed economic experiments in crypto" in a tweet thread this week. One of them was BOMB. Benjamin’s latest BOMB Report is out as well. You can also watch him elaborate on it in this video. Remember, the BOMB video contest that has been ongoing for a few weeks now? Here’s a compilation of 100 submissions. The winners have been selected. A new market stats dashboard will be going live soon. And finally, don’t forget to mark your calendars for July 15th. Zachary will be announcing the next big step for BOMB.
This chart from Benjamin’s report seems to back up BOMB’s core idea
Horizon State was featured in the blockchain showcase series by Micky News with a detailed background on the project and where they are heading. HST got added to the FlashCoin mobile wallet and its P2P marketplace. The Hydro Pay app’s official video was released this week. Plus, check out the latest app updates here, here and here. The project was also covered in a publish0x article about 3 promising projects in H2 2019. HYDRO has taken the lead in a vote-for-listing competition to get listed on ChangeNOW. Read more about DeFi and how Molecule is a positive force in the DeFi space in Hydro’s article. In District0x-verse, read up on the latest from the District Weekly. Meme Factory’s newest meme contest is underway. Hearthstone fans, don’t forget to catch the gameplay recording of Game of Memes (which uses Meme Factory assets for game cards). Project Manager Alexander wrote about the journey of Meme Factory so far in his blog article.
Meme Factory's dankest meme as of 4th July :p
Fantom’s FTM token was listed on OKEx, OKEx Korea and Bittrex International this week. If you’ve been living under a rock for the first half of 2019, CMO Michael Chen’s got your back. His half yearly recap article covers all things Fantom. Michael's presentation at ZKLux#1 was featured in Sikoba's blog post. PaperCoins’ review of Fantom was published this week. Check it out! The team also had an AMA with the latest partner, Xangle. Click here for the transcript. Opacity (and Hydro Pay) were added to dApp browser on dapp.com. June recap for Opacity was out this week. Bounty hunters, have a read of the weekly Bounty0x distribution report. Bloom partnered with the platform to provide Bloom verified accounts for Bounty0x users. Bloom verified accounts are more trustworthy and hence get access to higher value bounties compared to unverified accounts.
Bloom takes data privacy seriously
1UP will be seeing a major burn of its tokens in the near future. Read more about the updated tokenomics here. Another project will get a chance to be reviewed in detail for free by Uptrennd. Voting started this week. Have a question to ask Enjin CTO Witek Radomski? Uptrennd will be interviewing him soon and your question could make it to the interview. The ETHOS Universal Wallet turned 1 this week. Happy Birthday! Switch’s press releases went live simultaneously on Reuters, The Merkle, Bitcoin PR Buzz, Coinspeaker, Blockmanity and ZyCrypto. ESH was listed on Mercatox and ZooomEx. One of the coolest features on Switch is the option to buy gift cards with altcoins. Catch up with the latest at Switch from their update article. In Birdchain news, get an early preview of the of the SMS feature on the app and its testing snapshots. Details of the 2gether referral program were released this week. Here’s a link for Spanish speakers.
And with that, it’s a wrap for the rapid catch up series and for this week at Parachute. Thank you again for being here and God Bless Parachute! See you again with another update. Ciao!
|submitted by Mark_Karpeles_ to Buttcoin [link] [comments]|
submitted by crypt0hodl1 to PundiX [link] [comments]
PrologueThis is a Concept Paper written to introduce the Function X Ecosystem, which includes the XPhone. It also addresses the relationship between the XPOS and Function X.
Pundi X has always been a community-driven project. We have lived by the mission of making sure the community comes first and we are constantly learning from discussions and interactions on social media and in real-life meetings.
As with all discussions, there is always background noise but we have found gems in these community discussions. One such example is a question which we found constantly lingering at the back of our mind, “Has blockchain changed the world as the Internet did in the ’90s, and the automobile in the ‘20s?”. Many might argue that it has, given the rise of so many blockchain projects with vast potential in different dimensions (like ours, if we may add). But the question remains, “can blockchain ever become what the Internet, as we know it today, has to the world?”
Function X, a universal decentralized internet which is powered by blockchain technology and smart devices.
Over the past few months, in the process of implementing and deploying the XPOS solution, we believe we found the answer to the question. A nimble development team was set up to bring the answer to life. We discovered that it is indeed possible to bring blockchain to the world of telephony, data transmission, storage and other industries; a world far beyond financial transactions and transfers.
This is supported by end-user smart devices functioning as blockchain nodes. These devices include the XPOS and XPhone developed by Pundi X and will also include many other hardware devices manufactured by other original equipment manufacturers.
The vision we want to achieve for f(x) is to create a fully autonomous and decentralized network that does not rely on any individual, organization or structure.
Due to the nature of the many new concepts introduced within this Concept Paper, we have included a Q&A after each segment to facilitate your understanding. We will continuously update this paper to reflect the progress we’re making.
Function X: The Internet was just the beginningThe advent of the Internet has revolutionized the world. It created a communications layer so robust that it has resulted in TCP/IP becoming the network standard.
The Internet also created a wealth of information so disruptive that a company like Amazon threatened to wipe out all the traditional brick-and-mortar bookstores. These bookstores were forced to either adapt or perish. The same applies to the news publishing sector: the offerings of Google and Facebook have caused the near extinction of traditional newspapers.
The digitalization of the world with the Internet has enabled tech behemoths like Apple, Amazon, Google and Facebook to dominate and rule over traditional companies. The grip of these tech giants is so extensive that it makes you wonder if the choices you make are truly your own or influenced by the data they have on you as a user.
We see the blockchain revolution happening in three phases. The first was how Bitcoin showed the world what digital currency is. The second refers to how Ethereum has provided a platform to build decentralized assets easily. The clearest use case of that has come in the form of the thousands of altcoins seen today that we all are familiar with. The third phase is what many blockchain companies are trying to do now: 1) to bring the performance of blockchain to a whole new level (transaction speed, throughput, sharding, etc.) and 2) to change the course of traditional industries and platforms—including the Internet and user dynamics.
Public blockchains allow trustless transactions. If everything can be transacted on the blockchain in a decentralized manner, the information will flow more efficiently than traditional offerings, without the interception of intermediators. It will level the playing field and prevent data monopolization thus allowing small innovators to develop and flourish by leveraging the resources and data shared on the blockchain.
The Blockchain revolution will be the biggest digital revolutionIn order to displace an incumbent technology with something new, we believe the change and improvement which the new technology has to bring will have to be at least a tenfold improvement on all aspects including speed, transparency, scalability and governance (consensus). We are excited to say that the time for this 10-times change is here. It’s time to take it up 10x with Function X.
Function X or f(x) is an ecosystem built entirely on and for the blockchain. Everything in f(x) (including the application source code, transmission protocol and hardware) is completely decentralized and secure. Every bit and byte in f(x) is part of the blockchain.
What we have developed is not just a public chain. It is a total decentralized solution. It consists of five core components: Function X Operating System (OS); Function X distributed ledger (Blockchain); Function X IPFS; FXTP Protocol and Function X Decentralized Docker. All five components serve a single purpose which is to decentralize all services, apps, websites, communications and, most importantly, data.
The purpose of Function X OS is to allow smart hardware and IoTs to harness the upside and potential utility of the decentralization approach. We have built an in-house solution for how mobile phones can leverage Function X OS in the form of the XPhone. Other companies can also employ the Function X OS and further customize it for their own smart devices. Every smart device in the Function X ecosystem can be a node and each will have its own address and private key, uniquely linked to their node names. The OS is based on the Android OS 9.0, therefore benefiting from backward compatibility with Android apps. The Function X OS supports Android apps and Google services (referred to as the traditional mode), as well as the newly developed decentralized services (referred to as the blockchain mode). Other XPhone features powered by the Function X OS will be elaborated on in the following sections.
Using the Function X Ecosystem (namely Function X FXTP), the transmission of data runs on a complex exchange of public and private key data and encryption but never through a centralized intermediary. Hence it guarantees communication without interception and gives users direct access to the data shared by others. Any information that is sent or transacted over the Function X Blockchain will also be recorded on the chain and fully protected by encryption so the ownesender has control over data sharing. And that is how a decentralized system for communications works.
For developers and users transitioning to the Function X platform, it will be a relatively seamless process. We have intentionally designed the process of creating and publishing new decentralized applications (DApps) on Function X to be easy, such that the knowledge and experience from developing and using Android will be transferable. With that in mind, a single line of code in most traditional apps can be modified, and developers can have their transmission protocol moved from the traditional HTTP mode (centralized) to a decentralized mode, thus making the transmission “ownerless” because data can transmit through the network of nodes without being blocked by third parties. How services can be ported easily or built from scratch as DApps will also be explained in the following sections, employing technologies in the Function X ecosystem (namely Function X IPFS, FXTP Protocol and Decentralized Docker).
f(x) Chainf(x) chain is a set of consensus algorithms in the form of a distributed ledger, as part of the Function X ecosystem. The blockchain is the building block of our distributed ledger that stores and verifies transactions including financials, payments, communications (phone calls, file transfers, storage), services (DApps) and more.
Will Function X launch a mainnet?Yes. The f(x) chain is a blockchain hence there will be a mainnet.
When will the testnet be launched?Q2 2019 (projected).
When will the mainnet be launched?Q3 2019 (projected).
How is the Function X blockchain designed?The f(x) chain is designed based on the philosophy that any blockchain should be able to address real-life market demand of a constantly growing peer-to-peer network. It is a blockchain with high throughput achieved with a combination of decentralized hardware support (XPOS, XPhone, etc.) and open-source software toolkit enhancements.
What are the physical devices that will be connected to the Function X blockchain?In due course, the XPOS OS will be replaced by the f(x) OS. On the other hand, the XPhone was designed with full f(x) OS integration in mind, from the ground up. After the f(x) OS onboarding, and with adequate stability testings and improvements, XPOS and XPhone will then be connected to the f(x) Chain.
What are the different elements of a block?Anything that is transmittable over the distributed network can be stored in the block, including but not limited to phone call records, websites, data packets, source code, etc. It is worth noting that throughout these processes, all data is encrypted and only the owner of the private key has the right to decide how the data should be shared, stored, decrypted or even destroyed.
Which consensus mechanism is used?
Practical Byzantine Fault Tolerance (PBFT).
What are the other implementations of Practical Byzantine Fault Tolerance (PBFT)?Flight systems that require very low latency. For example, SpaceX’s flight system, Dragon, uses PBFT design philosophy. [Appendix]
How do you create a much faster public chain?We believe in achieving higher speed, thus hardware and software configurations matter. If your hardware is limited in numbers or processing power, this will limit the transaction speed which may pose security risks. The Ethereum network consists of about 25,000 nodes spread across the globe now, just two years after it was launched. Meanwhile, the Bitcoin network currently has around 7,000 nodes verifying the network. As for Pundi X, with the deployment plan (by us and our partners) for XPOS, XPhone and potentially other smart devices, we anticipate that we will be able to surpass the number of Bitcoin and Ethereum nodes within 1 to 2 years. There are also plans for a very competitive software implementation of our public blockchain, the details for which we will be sharing in the near future.
f(x) OSThe f(x) OS is an Android-modified operating system that is also blockchain-compatible. You can switch seamlessly between the blockchain and the traditional mode. In the blockchain mode, every bit and byte is fully decentralized including your calls, messages, browsers and apps. When in traditional mode, the f(x) OS supports all Android features.
Android is the most open and advanced operating system for smart hardware with over 2 billion monthly active users. Using Android also fits into our philosophy of being an OS/software designer and letting third-party hardware makers produce the hardware for the Function X Ecosystem.
What kind of open source will it be?This has not been finalized, but the options we are currently considering are Apache or GNU GPLv3.
What kind of hardware will it work on?The f(x) OS works on ARM architecture, hence it works on most smartphones, tablet computers, smart TVs, Android Auto and smartwatches in the market.
Will you build a new browser?We are currently using a modified version of the Google Chrome browser. The browser supports both HTTP and FXTP, which means that apart from distributed FXTP contents, users can view traditional contents, such ashttps://www.google.com.
What is the Node Name System (NNS)?A NNS is a distributed version of the traditional Domain Name System. A NNS allows every piece of Function X hardware, including the XPhone, to have a unique identity. This identity will be the unique identifier and can be called anything with digits and numbers, such as ‘JohnDoe2018’ or ‘AliceBob’. More on NNS in the following sections.
Will a third-party device running the f(x) OS be automatically connected to the f(x) blockchain?
Yes, third-party devices will be connected to the f(x) blockchain automatically.
f(x) FXTPA transmission protocol defines the rules to allow information to be sent via a network. On the Internet, HTTP is a transmission protocol that governs how information such as website contents can be sent, received and displayed. FXTP is a transmission protocol for the decentralized network.
FXTP is different from HTTP because it is an end-to-end transmission whereby your data can be sent, received and displayed based on a consensus mechanism rather than a client-server based decision-making mechanism. In HTTP, the server (which is controlled by an entity) decides how and if the data is sent (or even monitored), whereas in FXTP, the data is sent out and propagates to the destination based on consensus.
HTTP functions as a request–response protocol in the client-server computing model. A web browser, for example, may be the client and an application running on a computer hosting a website may be the server. FXTP functions as a propagation protocol via a consensus model. A node that propagates the protocol and its packet content is both a “client” and a “server”, hence whether a packet reaches a destination is not determined by any intermediate party and this makes it more secure.
f(x) IPFSIPFS is a protocol and network designed to store data in a distributed system. A person who wants to retrieve a file will call an identifier (hash) of the file, IPFS then combs through the other nodes and supplies the person with the file.
The file is stored on the IPFS network. If you run your own node, your file would be stored only on your node and available for the world to download. If someone else downloads it and seeds it, then the file will be stored on both your node the node of the individual who downloaded it (similar to BitTorrent).
IPFS is decentralized and more secure, which allows faster file and data transfer.
f(x) DDockerDocker is computer program designed to make it easier to create, deploy, and run applications. Containers allow a developer to package up an application including libraries, and ship it all out as a package.
As the name suggests, Decentralized Docker is an open platform for developers to build, ship and run distributed applications. Developers will be able to store, deploy and run their codes remote in different locations and the codes are secure in a decentralized way.
Beyond crypto: First true blockchain phone that is secured and decentralized to the coreXPhone is the world’s first blockchain phone which is designed with innovative features that are not found on other smartphones.
Powered by Function X, an ecosystem built entirely on and for the blockchain, XPhone runs on a new transmission protocol for the blockchain age. The innovation significantly expands the use of blockchain technology beyond financial transfers.
Unlike traditional phones which require a centralized service provider, XPhone runs independently without the need for that. Users can route phone calls and messages via blockchain nodes without the need for phone numbers.
Once the XPhone is registered on the network, for e.g., by a user named Pitt, if someone wants to access Pitt’s publicly shared data or content, that user can just enter FXTP://xxx.Pitt. This is similar to what we do for the traditional https:// protocol.
Whether Pitt is sharing photos, data, files or a website, they can be accessed through this path. And if Pitt’s friends would like to contact him, they can call, text or email his XPhone simply by entering “call.pitt”, “message.pitt”, or “mail.pitt”.
The transmission of data runs on a complex exchange of public and private key data with encryption. It can guarantee communication without interception and gives users direct access to the data shared by others. Any information that is sent or transacted over the Function X Blockchain will also be recorded on the chain.
Toggle between now and the futureBlockchain-based calling and messaging can be toggled on and off on the phone operating system which is built on Android 9.0. XPhone users can enjoy all the blockchain has to offer, as well as the traditional functionalities of an Android smartphone.
We’ll be sharing more about the availability of the XPhone and further applications of Function X in the near future.
DApps for mass adoptionSo far the use of decentralized applications has been disappointing. But what if there was a straightforward way to bring popular, existing apps into a decentralized environment, without rebuilding everything? Until now, much of what we call peer-to-peer or ‘decentralized’ services continue to be built on centralized networks. We set out to change that with Function X; to disperse content now stored in the hands of the few, and to evolve services currently controlled by central parties.
Use Cases: Sharing economyAs seen from our ride-hailing DApp example that was demonstrated in New York back in November 2018, moving towards true decentralization empowers the providers of services and not the intermediaries. In the same way, the XPhone returns power to users over how their data is being shared and with whom. Function X will empower content creators to determine how their work is being displayed and used.
Use Cases: Free namingOne of the earliest alternative cryptocurrencies, Namecoin, wanted to use a blockchain to provide a name registration system, where users can register their names to create a unique identity. It is similar to the DNS system mapping to IP addresses. With the Node Name System (NNS) it is now possible to do this on the blockchain.
NNS is a distributed version of the traditional Domain Name System. A NNS allows every piece of Function X hardware, including the XPhone, to have a unique identifier that can be named anything with digits and numbers, such as ‘JohnDoe2018’ or ‘AliceBob’.
Use Cases: Mobile data currencyAccording to a study, mobile operator data revenues are estimated at over $600 billion USD by 2020, equivalent to $50 billion USD per month [appendix]. Assuming users are able to use services such as blockchain calls provided by XPhone (or other phones using Function X) the savings will be immense and the gain from profit can be passed on to providers such as DApp developers in Function X. In other words, instead of paying hefty bills to a mobile carrier for voice calls, users can pay less by making blockchain calls, and the fees paid are in f(x) coins. More importantly users will have complete privacy over their calls.
Use Cases: Decentralized file storage
Ethereum contracts claim to allow for the development of a decentralized file storage ecosystem, “where individual users can earn small quantities of money by renting out their own hard drives and unused space can be used to further drive down the costs of file storage.” However, they do not necessarily have the hardware to back this up. With the deployment of XPOS, smart hardware nodes and more, Function X is a natural fit for Decentralized File Storage. In fact, it is basically what f(x) IPFS is built for.
These are just four examples of the many use cases purported, and there can, will and should be more practical applications beyond these; we are right in the middle of uncharted territories.
Decentralized and autonomousThe f(x) ecosystem is fully decentralized. It’s designed and built to run autonomously in perpetuity without the reliance or supervision of any individual or organization. To support this autonomous structure, f(x) Coin which is the underlying ‘currency’ within the f(x) ecosystem has to be decentralized in terms of its distribution, allocation, control, circulation and the way it’s being generated.
To get the structure of f(x) properly set up, the founding team will initially act as ‘initiators’ and ‘guardians’ of the ecosystem. The role of the team will be similar to being a gatekeeper to prevent any bad actors or stakeholders playing foul. At the same time, the team will facilitate good players to grow within the ecosystem. Once the f(x) ecosystem is up and running, the role of the founding team will be irrelevant and phased out. The long term intention of the team is to step away, allowing the ecosystem to run and flourish by itself.
UtilityIn this section, we will explore the utility of the f(x) Coin. f(x) Coin is the native ‘currency’ of the Function X blockchain and ecosystem. All services rendered in the ecosystem will be processed, transacted with, or “fueled” by the f(x) Coin. Some of the proposed use cases include:
Example 1: A developer creates a ride-hailing DApp called DUber.
DUber developer first uploads the image and data to IPFS (storage) and code to DDocker, respectively. The developer then pays for a decentralized code hosting service provided by the DDocker, and a decentralized file hosting service provided by the IPFS. Please note the storage hosting and code hosting services can be provided by a company, or by a savvy home user with smart nodes connected to the Function X ecosystem. Subsequently, a DUber user pays the developer.
Example 2: User Alice sends an imaginary token called ABCToken to Bob.
ABCToken is created using Function X smart contract. Smart nodes hosted at the home of Charlie help confirms the transaction, Charlie is paid by Alice (or both Alice and Bob).
The flow of f(x) CoinFour main participants in f(x): Consumer (blue), Developer (blue), Infrastructure (blue), and Financial Service Provider (green)
Broadly speaking, there can be four main participants in the f(x) ecosystem, exhibited by the diagram above:
Figure: four main participants of the ecosystem The rationale behind f(x) Coin generation is the Proof of Service concept (PoS)Service providers are crucial in the whole f(x) Ecosystem, the problem of motivation/facilitation has become our priority. We have to align our interests with theirs. Hence, we have set up a Tipping Jar (similar to mining) to motivate and facilitate the existing miners shift to the f(x) Ecosystem and become part of the infrastructure service provider or attract new players into our ecosystem. Income for service provider = Service fee (from payer) + Tipping (from f(x) network generation)
The idea is that the f(x) blockchain will generate a certain amount of f(x) Coin (diminishing annually) per second to different segments of service provider, such as in the 1st year, the f(x) blockchain will generate 3.5 f(x) Coin per second and it will be distributed among the infrastructure service provider through the Proof of Service concept. Every service provider such as infrastructure service providers, developers and financial service providers will receive a ‘certificate’ of Proof of Service in the blockchain after providing the service and redeeming the f(x) Coin.
Example: There are 3 IPFS providers in the market, and the total Tipping Jar for that specific period is 1 million f(x) Coin. Party A contributes 1 TB; Party B contributes 3 TB and Party C contributes 6 TB. So, Party A will earn 1/10 * 1 million = 100k f(x) Coin; Party B will earn 3/10 * 1 million = 300k f(x) Coin. Party C will earn 6/10 * 1 million = 600k f(x) Coin.
Note: The computation method of the distribution of the Tipping Jar might vary due to the differences in the nature of the service, period and party.
Figure: Circulation flow of f(x) Coin
The theory behind the computation.Blockchain has integrated almost everything, such as storage, scripts, nodes and communication. This requires a large amount of bandwidth and computation resources which affects the transaction speed and concurrency metric.
In order to do achieve the goal of being scalable with high transaction speed, the f(x) blockchain has shifted out all the ‘bulky’ and ‘heavy duty’ functions onto other service providers, such as IPFS, FXTP, etc. We leave alone what blockchain technology does best: Calibration. Thus, the role of the Tipping Jar is to distribute the appropriate tokens to all participants.
Projected f(x) Coin distribution per second in the first year
According to Moore’s Law, the number of transistors in a densely integrated circuit doubles about every 18 -24 months. Thus, the performance of hardware doubles every 18-24 months. Taking into consideration Moore’s Law, Eric Schmidt said if you maintain the same hardware specs, the earnings will be cut in half after 18-24 months. Therefore, the normal Tipping Jar (reward) for an infrastructure service provider will decrease 50% every 18 months. In order to encourage infrastructure service providers to upgrade their hardware, we have set up another iteration and innovation contribution pool (which is worth of 50% of the normal Tipping Jar on the corresponding phase) to encourage the infrastructure service provider to embrace new technology.
According to the Andy-Bill’s law, “What Andy gives, Bill takes away”; software will always nibble away the extra performance of the hardware. The more performance a piece of hardware delivers, the more the software consumes. Thus, the developer will always follow the trend to maintain and provide high-quality service. The Tipping Jar will increase by 50% (based upon the previous quota) every 18 months.
Financial service providers will have to support the liquidation of the whole ecosystem along the journey, the Tipping Jar (FaaS) will increase by 50% by recognizing the contribution and encouraging innovation.
From the 13th year (9th phase), the Tipping Jar will reduce by 50% every 18 months. We are well aware that the “cliff drop” after the 12th year is significant. Hence, we have created a 3year (two-phase) diminishing transition period. The duration of each phase is 18 months. There are 10 phases in total which will last for a total of 15 years.
According to Gartner’s report, the blockchain industry is forecast to reach a market cap of
3.1 trillion USD in 2030. Hence, we believe a Tipping Jar of 15 years will allow the growth of Function X into the “mature life cycle” of the blockchain industry.
f(x) Coin / Token AllocationToken allocation We believe great blockchain projects attempt to equitably balance the interests of different segments of the community. We hope to motivate and incentivize token holders by allocating a total of 65% of tokens from the Token Generation Event (TGE). Another 20% is allocated to the Ecosystem Genesis Fund for developer partnerships, exchanges and other such related purposes. The remaining 15% will go to engineering, product development and marketing. There will be no public or private sales for f(x) tokens.
NPXS / NPXSXEM is used to make crypto payments as easy as buying bottled water, while f(x) is used for the operation of a decentralized ecosystem and blockchain, consisting of DApps and other services. NPXS / NPXSXEM will continue to have the same functionality and purpose after the migration to the Function X blockchain in the future. Therefore, each token will be expected to assume different fundamental roles and grant different rights to the holders.
65% of allocation for NPXS / NPXSXEM holders is broken down into the following: 15% is used for staking (see below) 45% is used for conversion to f(x) tokens. (see below) 5% is used for extra bonus tasks over 12 months (allocation TBD).
Remarks All NPXS / NPXSXEM tokens that are converted will be removed from the total supply of NPXS / NPXSXEM; Pundi X will not convert company's NPXS for f(x) Tokens. This allocation is designed for NPXS/NPXSXEM long term holders. NPXS / NPXSXEM tokens that are converted will also be entitled to the 15% f(x) Token distribution right after the conversion.
UsageManagement of the Ecosystem Genesis Fund (EGF)
The purpose of setting up the Ecosystem Initialization Fund, is to motivate, encourage and facilitate service providers to join and root into the f(x) Ecosystem and, at the same time, to attract seed consumers to enrich and enlarge the f(x) Ecosystem. EIF comes from funds raised and will be used as a bootstrap mechanism to encourage adoption before the Tipping Jar incentives fully kicks in.
The EGF is divided into 5 parts:
SummaryTime moves fast in the technology world and even faster in the blockchain space. Pundi X’s journey started in October 2017, slightly over a year ago, and we have been operating at a lightning pace ever since, making progress that can only be measured in leaps and bounds. We started as a blockchain payment solution provider and have evolved into a blockchain service provider to make blockchain technology more accessible to the general public, thereby improving your everyday life.
The creation of Function X was driven by the need to create a better suited platform for our blockchain point-of sale network and through that process, the capabilities of Function X have allowed us to extend blockchain usage beyond finance applications like payment solutions and cryptocurrency.
The complete decentralized ecosystem of Function X will change and benefit organizations, developers, governments and most importantly, society as a whole.
The XPhone prototype which we have created is just the start to give everyone a taste of the power of Function X on how you can benefit from a truly decentralized environment. We envision a future where the XPOS, XPhone and other Function X-enabled devices work hand-in-hand to make the decentralized autonomous ecosystem a reality.
You may wonder how are we able to create such an extensive ecosystem within a short span of time? We are fortunate that in today’s open source and sharing economy, we are able to tap onto the already established protocols (such as Consensus algorithm, FXTP, etc), software (like Android, IPFS, PBFT, Dockers, etc.) and hardware (design knowledge from existing experts) which were developed by selfless generous creators. Function X puts together, aggregates and streamlines all the benefits and good of these different elements and make them work better and seamlessly on the blockchain. And we will pay it forward by making Function X as open and as decentralized as possible so that others may also use Function X to create bigger and better projects.
To bring Function X to full fruition, we will continue to operate in a transparent and collaborative way. Our community will continue to be a key pillar for us and be even more vital as we get Function X up and running. As a community member, you will have an early access to the Function X ecosystem through the f(x) token conversion.
We hope you continue to show your support as we are working hard to disrupt the space and re-engineer this decentralized world.
ReferencePractical Byzantine Fault Tolerance
Byzantine General Problem technical paper
Global mobile data revenues to reach $630 billion by 2020
NPXSXEM token supply
NPXS circulating token supply and strategic purchaser
[total supply might differ from time to time due to token taken out of total supply aka “burn”]
ELC: SpaceX lessons learned (PBFT mentioned) https://lwn.net/Articles/540368/
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