Weekly Project Report of Chocoswap (From March 24 to 30, 2021)

Chocoswap

2 min readMar 30, 2021

Dear members of Chocoswap:

By 6:00 p.m. on March 29, 2021, the main data of Chocoswap is listed as follows:

Total supply of VNLA: 6.8211 million

TVL: $1.193 million

Number of Currency-holding addresses: 6,858

Total members of the Chinese community: about 8,000 people

Total members of the English community: about 3,800 people

Followers on Twitter: about 5,000

Major points of the project are listed as follows:

Technical Progress

The first version of Swap function by Chocoswap will be officially launched at 6:00 p.m. on April 6. Users will be able to directly exchange HT, USDT, ETH, HUSD and VNLA through the Chocoswap platform as well as other mainstream tokens, such as ETH and USDT.
The function of “transaction and mining”by Chocoswap will be officially launched at 8:00 p.m. on April 6. The first activity will last from April 6 to June 5 with the total amount of 1.05 million units. Users can gain the VNLA reward by exchanging currencies (such as HT and VNLA).

Operation Progress

The “pledge and locked position of single currency” program will be officially available at 6:00 p.m. on April 2. Technical staff will give out additional rewards of VNLA and transaction fees according to the statistics list. ( Before this time period, users will not get any additional rewards if using the unlocked address with the contract on their own)
To respond to users’ support to the “pledge and locked position of single currency” program, Chocoswap will additionally grant vanilla (VNLA) of single currency pledge income to eligible users.
In addition, to show our appreciation, Chocoswap will give out the net income gained in the first month of Swap launch to all the eligible users of the program.

Community

Chocoswap is recruiting community volunteers. Community members with passion and confidence in this program, hoping to support long-term development of the program, are welcomed to join us to build Chocoswap together.

Overseas Development

VNLA officially launches its overseas Bounty Task program with a duration of 4 weeks. The program is enrolling overseas volunteers to be in charge of editing texts in English, and marketing in the overseas telegram group and twitter, which will influence over 30,000 members in the overseas community. Volunteers will be rewarded according to their performance four weeks later with the total amount of reward not exceeding 20,000 VNLA.

Special thanks to all the passionate members of the Chocoswap community for their helpful suggestions on finding partners and launching projects for the community ecology. Encouragement and support from the community will always be the driving force for us to progress forward.