Weekly Report (July 21-July 27, 2021)

Chocoswap
2 min readJul 27, 2021

Dear Chocoswap community members:

As of 18:00 on July 26, 2021, the main data of Chocoswap are as follows:

Total circulation of VNLA: 8.873 million (50 thousand repurchased and destroyed)
Token holding addresses: 8,303
Total number of Chinese community: 8,000
Total number of English community: 3,300
Twitter followers: 7,589
LinkedIn followers: 3,041
Facebook fans: 3,156

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

Technical points:

(1) Due to the replacement of technical team personnel, the board of directors reward pool (gardener plan) and the HSC reward pool were launched slightly later than expected. They are still under active development and testing. The specific launch time will be announced to the community immediately.

During the delay, the project operation team will use its own funds to repurchase and burn the VNLA on the market. All VNLA will be repurchased to address 0x1ea2820A61fA3374C7cB636753d93309904E7632
Users are welcome to inquire and supervise.

(2) The VNLA of HECO and HSC can be exchanged across the chain through Hufu Exchange, and this function is currently open.

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 burned in batches, one by one, in order to protect and promote VNLA holders Rights. As of July 21, more than 150,000 VNLAs have been repurchased, and 50,000 VNLAs have been burned.

(2) In order to protect the interests of CHOCO holders, Chocoswap will take deflationary measures against CHOCO step by step.
A. The second batch of destruction was carried out on July 26. A total of 10,000 CHOCOs were 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 burned.

(3) Chocoswap has in-depth cooperation with HyperPay wallet, and related applications and tokens have been launched on HyperPay.

(4) 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
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)