Weekly Report 2020 March #4

vsystems (39)in #blockchain • 4 years ago

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In this weekly report (4th Week of March 2020): VSYS coin holders can now trade VSYS on BetaEx with VSYS/USDT trading pair. Tachyon Protocol’s (IPX) is doing a trading contest on Bithumb and HitBTC. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

New Opcodes are being developed for a more powerful smart contract platform.

Other than this, there are several specific functions being developed:

A non-fungible contract feature is entering testing stages, the non fungible contract will contain an undividable token. The token’s ownership can then be transferred freely, closely mimicking a traditional product.

A lock contract feature based on the deposit / withdraw function is entering testing stages, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

The V Systems payment channel is currently also entering testing stages, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deal with a lot of transactions between the same parties.

Utils Development

The new version of V web wallet and Walk mobile wallet have been published on Mainnet. The Sub-node feature now can be used on new versions in the wallet.

VSYS Supernode rank list website https://vsysrate.com is updated with new Sub-node showing features.

The V-Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.

The development of V-Cloud web terminal and topup features is almost done. After completed, they will open to public use in the future. The next stage function and database related function is under researching and experimenting.

More Node Monitor Tool is discussing and researching.After development is completed, they will open to public use in the future.

Integration with General Bytes (a cryptocurrency ATM) is currently in development.

2. Global Community Updates

VSYS is now available on BetaEx

We are excited to announce that VSYS is now available on BetaEx with the VSYS/USD trading pair. VSYS coin holders can now start trading VSYS with BetaEx. Please click through the link below to learn more.

https://www.betaex.com/all-trading/trading?symbol=VSYS_USDT

BetaEx Listing giveaway

To celebrate the new listing on BetaEx, we are going to co-host “Free Trade for VSYS”. VSYS coin holders will receive free trade, retweet and VSYS deposit rewards up to 500,000 VSYS. The promotion starts on March 26, 16:00 and ends on April 1st, 2020, 16:00 (UTC+8). Don't miss the chance, and click through to learn more about the promotion.

Tachyon Protocol (IPX) trading contest on Bithumb

IPX will co-host a Trading Contest with Bithumb from March 26th 12:00PM to Mar 27th 24:00(KST). The trading rewards are worth a total of 1,172,000 IPX, over 140 million KRW, don't miss the chance! Please click through to learn more about the trading contest.

Tachyon Protocol (IPX) Trading Contest on HitBTC

Tachyon Protocol (IPX) is co-hosting a trading contest on HitBTC with a prize pool of 216,445 IPX tokens and the 1st place will be rewarded 90,000 IPX Tokens! The trading contest will start between 00:00 (UTC) on March 24th to 00:00 (UTC) on April 7th. Please click through to learn more about the contest and Happy Trading!

3. Market Overview

Market Cap

VSYS is now ranked at #73 on CoinMarketCap, with a market cap of over US$47 million.

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Screenshot from CoinMarketCap on 27 Mar 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.32% on stakingrewards.com. We promise to maintain a healthy staking environment for all token users. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!

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Screenshot from stakingrewards.com on 27 Mar 2020