Weekly Report (July 14-July 20, 2021)

Chocoswap
3 min readJul 20, 2021

Dear Chocoswap community members:

As of 18:00 on July 19, 2021, the main data of Chocoswap are as follows:

Total circulation of VNLA: 8.873 million (50,000 for repurchase and burn)
Token holding addresses: 8,322
Total number of Chinese community: 8,000
Total number of English community: 3,300
Twitter followers: 7,609
LinkedIn followers: 3,034
Facebook fans: 3,162

The main points of the project this week are as follows:

1. Development

(1) Because the technical team encountered some technical difficulties in developing the fixed income pledge pool, the board reward pool (gardener plan) and the tiger charm pledge reward pool were launched slightly later than expected. They are still under active development and testing, and the specific launch time will be immediate Notify the community.

(2) Chocoswap has completed the deployment of the Hoo Ecological Chain (HSC) contract. The contract address of Vanilla (VNLA) in the Hoo ecological chain is: 0xb34596924db4e416d266c76294844659add8a9a2

After the deployment is completed, the total number of VNLAs in the Hoo ecological chain will be 2 million, and 2 million VNLAs will be burned in HECO simultaneously.

(3) The VNLA of HECO and Hoo ecological chain can be exchanged across the chain through Hoo Exchange, and this function is now open.

(4) DEX aggregation on BSC is steadily under development.

2. Operation

(1) Chocoswap has started from July 12, 2021, through decentralized exchanges and centralized exchanges, part of the VNLA on the market has been repurchased and destroyed in batches, one by one, in order to protect and promote VNLA holders Rights.

All VNLA will be repurchased to address 0x1ea2820A61fA3374C7cB636753d93309904E7632

On July 12, the 50,000 VNLAs for the first batch of repurchases have been destroyed and entered the Heco black hole address: 0x0000000000000000000000000000000000000001

Welcome everyone to supervise.

(2) In order to protect the interests of CHOCO holders, Chocoswap will take deflationary measures against CHOCO step by step.

A. The uncirculated CHOCO will be destroyed in batches on July 20. The first batch of destruction will be carried out on July 20. A total of 10,000 CHOCOs will be injected into the HECO black hole address 0x0000000000000000000000000000000000000001. Everyone is welcome to supervise.

B. In the future, CHOCO will be gradually purchased from the market and destroyed.

Dear members, in view of the possible delay in product development progress, during this period, Chocoswap will successively repurchase and burn VNLA and CHOCO from the market to protect the rights and interests of token holders.

(3) Chocoswap has submitted a token listing application to Upbit, Gate, Bibox and other exchanges. Among them, Upbit and Bibox will reply and will communicate further.

(4) Chocoswap has submitted an application for “ecological partner” to PIPI, striving for further communication and cooperation.

(5) Affected by international network fluctuations, users can log in through the backup website https://backup.chocoswap.finance or scientifically go online. Note that when entering the URL, you must enter: “https”

Chocoswap is still in the early stage of development and has many shortcomings. We hope that the community members will understand and support, and provide us with valuable comments and suggestions, thank you!

Contact us:

Official website: chocoswap.org
Mining website: chocoswap.finance
DEX website: dex.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: https://weibo.com/chocoswap
Reddit: https://www.reddit.com/r/Chocoswap/
Medium: https://medium.com/@chocoswap
Facebook: https://www.facebook.com/Chocoswap-108217491075427
LinkedIn: https://www.linkedin.com/company/chocoswap

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Chocoswap

The First Cross-Chain Decentralized Exchange built on Ontology(Formerly called Ontoswap)