The 76th Weekly Report on ONEROOT
(Jun. 16 — Jun.21)
1. Social Media Rewards Activities
Twitter: The retweet rewards activity for the autonomous listing function ended successfully two weeks ago. This tweet got 44 retweets and 47 likes in total. We randomly selected 10 person from the 44 followers as the winners. The names were announced on the very same day. Up to now, the 300 RNT for each person have been transferred to their wallets connected to ONEROOT DEX.
Weibo: We prepared a retweet activity on Weibo for the announcement of Tony’s live streaming. Three lucky friends are chosen from the 33 fans who left comments, and each of them will get a customized Mi Power Bank. The winners are @区块链老朱, @oh素心明月@上好. The rewards have been sent by express delivery last week.
2. New Token Listings
Last week, IOTW and AMPL were listed on ONEROOT DEX. The details are as follows:
IOTW is a Big Data unifying system built on a native blockchain using Proof of Assignment (PoA) protocol, which makes it simple and efficient to access data from a cross section of IoT devices and applications.
IOTW’s unique Micro Mining technology allows any IoT device to mine IOTW coins without hardware changes or additional costs. Electricity cost per device is only 0.5 USD annually. IOTW ecosystem directly connects the consumers and manufacturers through the blockchain, allowing each to profit from the efficient and controlled shared use of data.
Ampleforth is a digital-asset-protocol for smart commodity-money.
The Ampleforth protocol receives exchange-rate information from trusted oracles, and propagates that to holders of its units (Amples) by proportionally increasing or decreasing the number of tokens each individual holds.
For traders, these changes in exchange-rate and quantity translate into changes in Ample’s market capitalization. Traders with short time horizons, especially those using automated or algorithmic approaches, will thus have to devise new strategies to trade Amples.
Ultimately, unique trader behavior in response to the protocol’s incentives, is expected to produce a step-function-like movement pattern with lower correlation to Bitcoin than existing digital assets.
3. Marketing Activities
The week before last, ONEROOT was invited to the meetup themed New Trends in Crypto, which was hosted by Tangent and Staking Atlas. The guests discussed in depth the development of the PoS mechanism, the prospects of the DeFi service, and the optimal monetary policy of the stable coin.
On the afternoon of Jun. 21, ONEROOT attended private meetup The Boom of Staking is coming, PoW vs PoS Mainstream Consensus, which was jointly hosted by Qbao Network and Hotbit. The guests said that the advantage of Staking lay on holders’ getting rewards as long as they hold the tokens for a long time. If the holder didn’t choose Staking, the value of their tokens would depreciate due to network expansion.
The meetup The Application, Development and Latest Global Trends of Dapp, of which ONEROOT is a co-sponsor, will be held at APBC on June 28. The guests include the Ethereum co-founder Anthony Diiorio, who will talk about the new trend of Dapp, the President Cu and Wang Yuehua, who will Focus on how industry funds could lay out blockchain applications.
The Blockchain Digital Economy and Application Seminar, hosted by the EU China Commision and the Digital Finance Institute, co-sponsored by ONEROOT and APBC, will be held at APBC on June 29. Several experts will attend as guests, including the president of the Digital Finance Institute and the professor of the Department of Information Engineering, CUHK, to discuss the digital economy and application prospects of the blockchain.
4. DEX Progress
Merchants activity function development;
Added detailed statistics of Withdraw and Deposit on the merchant background;
Dapp front-end framework construction.
- About ONEROOT -
As a blockchain technology solution provider, ONEROOT has developed a range of solutions, including R1 protocol, DDEX, DCEX, public chain and user terminals, meanwhile, has provided a developer-friendly toolkit, greatly lowering the threshold of product deployment and secondary development. Upholding the spirit of open source and sharing, ONEROOT promotes infrastructure construction with product development, breaking the barriers of technology and capital. By empowering community to promote industry development, ONEROOT allows more people to enjoy the convenience of blockchain.
As a digital currency exchange with the most users in South Korea, Bithumb is one of the largest one around the world. In October 2018, Bithumb partnered with ONEROOT and launched a distributed decentralized exchange — Bithumb DEX, the world’s first decentralized exchange serving millions of users worldwide.
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