Weekly Report (September 14-September 21, 2021)

Chocoswap
2 min readSep 22, 2021

Dear Chocoswap community members:

As of 18:00 on September 20, 2021, the main data of Chocoswap are as follows:

VNLA circulation/total amount: 8.873 million / 18.95 million
Repurchase: 570,000 (of which 50,000 are burned)
VNLA coin holding addresses: 8188
The total amount of VNLA stake: 6,186,700
TVL: US$197,800

Choco circulation/total amount: 41,200/80,000
Repurchase: 4000
Choco holding addresses: 686

Total number of Chinese community: 7,535
Total number of English community: 2,742
Twitter followers: 13K
LinkedIn followers: 3032
Facebook fans: 3149

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

R&D

1. Chocoswap is planning a major asset reorganization. The initial plan is to transfer the completed codes and products to the new chain for financing and further development and landing, which will be based on overseas public chains.

Currently, the main public chains considered include Polygon, Cardano (Ada), and Avalanche (Avalanche Network) AVAX.

2. Chocoswap will effectively protect the interests of VNLA and CHOCO holders, and it may adopt two methods in the future.

(1) Continue to repurchase the VNLA and CHOCO held by the holder.

(2) Provide corresponding benefits for currency holders to protect the rights of holders.

Operation

(1) The project operation team continues to use its own funds to repurchase VNLA in the market.

All VNLA will be repurchased to address 0x1ea2820A61fA3374C7cB636753d93309904E7632
Users are welcome to inquire and supervise.

As of September 13, a total of more than 570,000 VNLAs and 4,000 CHOCOs have been repurchased, and 50,000 VNLAs have been destroyed.

The team will repurchase no less than 1 million VNLA from the market.

(2) The board of directors pledge pool has been opened, and users can pledge VNLA with a single currency to obtain an annualized income of 25%. At present, the total amount of pledges is 6,186,700.

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

Official website: chocoswap.org
Aggregate trading website: dex.chocoswap.finance
Support wallets: Huobi Wallet, HyperPay, TP, ONTO, Codebank, Bitkeep, etc.
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)