Weekly Project Report of Chocoswarp (From March 9 to 16, 2021)
Dear members of Chocoswap:
The First Comprehensive Cross-chain Asset Integration Trading Platform Ecosystem, Chocoswap started mining and transaction of governance token VNLA(vanilla). Till 6:00 p.m. on March 16, 2021, the main data is listed as follows:
Total supply of VNLA: 4.1261 million
TVL: $2.5811 million
Number of Currency-holding addresses: 5,566
Total members of the Chinese community: about 7,000 people
Total members of the English community: about 4,000 people
Followers on Twitter: about 6,000
Major points of the project are listed as follows:
- Release of VDEX (VNLA DEX）Blueprint (See Technical Blueprint for Details)
VNLA DEX blueprint is officially released, which will bring together a series of products such as cross-chain trading, optimal transaction service, decentralized transaction mining, shared mine, community governance, developer service, etc.
April 2021 VDEX 1.0
l Initial version of VDEX with the transaction incentive function (decentralized transaction mining);
l Auction market: bid for new currency;
l Bubblegum machine: randomly obtain new currency or a certain amount of stable currency;
May 2021 VDEX 1.1
Cross-chain transaction browsing function
l Cross chains of HECO, Ethereum, Okex and BSC
Functions of price performance and comparison.
July 2021 VDEX 1.2
l Cross-chain transactions (HECO, Okex, BSC)
ü Entrusted order posting
ü Decentralized token exchange system
October 2021 VDEX 1.3
l Best transaction service
Find the optimal transaction route for users and provide the cross-chain trustless transaction to reduce its slippage;
January 2022 VDEX 1.4
l Community governance function
Commission income incentive by voting and invitation
April 2022 V1.5.0
l Developer service (oracle, third-party service, etc.)
May 2022 V1.6
l Smart contract
l Financial service
l Shared mine
Future
Chocoswap builds the trustless cross-chain trading platform together with uses, dedicated to providing each participant one-stop special transaction service and further building a decentralized world.
2. Operation Progress
(1) Based on VNLA, the plan of pledge and locked position incentive of single currency will be launched.
From 10:00 a.m. on March 14 in Beijing time, the “release” function of vanilla (VNLA) single currency pledge pool has been locked, the mining income has been output normally, and the principal will be released after the mining transaction is started in April. Users who participate in the “pledge and locked position of single currency” program will receive additional rewards. See 2 for details.
(2) Chocoswap will launch transaction mining based on HECO in April 2021 (no later than April 30), and promises to share 10% of vanilla (VNLA) of all transaction mining fees and single currency pledge income in the first month as an additional reward to users participating in the “ pledge and locked position of single currency “ program. The bonus vanilla (VNLA) is allocated on the community feedback section.
3. Brand Building
1、Chocoswap will deeply cooperate with NEO’s ecological wallet, O3 wallet, so that more than 100,000 foreign users of O3 can learn about VNLA and participate in mining and trading through airdrop and other means;
2、In the near future, Chocoswap will promote flows with Ontology and ONTO.
3、Chocoswap has initially reached institutional strategic cooperation with six institutions, such as lenghub, BeeSwap, DMC, XF, chinapibi.com and fompound.
4. Overseas Development
(1) The overseas community of Chocoswap is developing steadily. At present, Chocoswap has about 6,000 twitter followers and 4,000 telegram users.
(2) We plan to release the overseas promotion plan. In the plan, more than 20 promoters from Europe, America, the Middle East, North Africa, Southeast Asia, Japan, South Korea and other countries and regions, will promote Chocoswap to more than 100 foreign communities through telegram, twitter and Facebook.
(3) We plan to launch the air drop and bounty game for Chocoswap overseas community, targeting at Southeast communities such as Indonesia, Vietnam, India and Singapore at the initial stage, covering more than 100,000 audiences.
5. Community Development
(1) The Chinese community of Chocoswap has more than 7,000 users.
(2) The official Weibo account of Chocoswap is under continuous optimization. Please look forward to it.
(3) Chocoswap plans to establish the “community contribution fund” in the community. In the first phase, 100,000 vanilla coins will be allocated to contributors who support community development. The detailed rules will be discussed with the community members.
(4) This week, the community held a lucky draw and a community meme competition on Weibo. For prize winners, please pay attention to the posts of Chocoswap’s official account.
6. Upcoming Activities
This week, John, technical director of Chocoswap, and his team will visit WeChat community to talk about VDEX blueprint and product and technology iteration with users.
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.
Contact Us:
Official Website: chocoswap.org
Mining Website: chocoswap.finance
Email: contact@chocoswap.io
Github：https://github.com/chocoswap
Twitter: https://twitter.com/Choco_Swap
Telegram (English): https://t.me/chocoswap
Telegram (Chinese): https://t.me/chococn
Official Weibo Account: https://weibo.com/chocoswap
Reddit：https://www.reddit.com/r/Chocoswap/
Medium：https://medium.com/@chocoswap
