Welcome all to this extensive monthly update. It’s been quite a while since our last update/post and besides the occasional explanation from our lead developer, you’ve all been out in the blue for a little bit. With this update we hope to inform you all of the good and bad things that are happening around this project.
First of all, why is the biweekly update late?
Nothing of importance was happening for some weeks and with our biggest exchange taken out by the well known hack, we took some time to sort ourselves out. We have decided that we currently don’t have enough news to put out a biweekly update that is worth writing. For now, we will switch to a monthly update together with more regular announcements spread around our social media channels. We will inform you all about the progress and small changes of plans and insights.
These subjects will be handled in this extensive update:
- Overpowered store
- BlockDX integration and atomic swaps
- OPCX wallet update & improvement
- Masternode collateral
- Overpowered ecosystem arising
We can be quite short about the progress of the store. From our side everything is ready to go online and launch our store with a great marketing campaign on the side. However we still have one big issue which we need to solve. Different partner offerings didn’t bring what we were searching. Partnering up is beautiful, as many coins do, but we want a fruitful partnership that benefits our community as much as possible. We are searching options to bring better offers to the gaming community than other currencies, including the euro and dollar. We know we can make this happen, but we need the right partner with the right terms.
We know we are a lot behind on schedule, but we can’t and won’t compensate the concept we have for the store. This concept includes benefits for the community as well as usability for both OPC and OPCX.
We’ll keep you updated when news is coming out about the store!
As we want our products to be as safe as possible, before the release of stakebot we have asked an external developer to look at it and a flaw was discovered. As we speak, the flaw is being fixed and if our communications department has understand it correctly; code needs to be added to the base while it’s being installed on a secure server.
As many of you know, our biggest market has been out since the 14th of January. Cryptopia is handling this situation with care and we still have no reason to assume any funds are lost for OPC or OPCX. They will open their website soon with the ability to read only, which means you all can check out your funds on your favourite alt coin exchange!
All together we think Cryptopia is handling their bad situation with good care. We believe they’re set to resume trading as soon as they can, so we have to await when that will be.
BlockDX integration & atomic swaps
We aren’t integrated in the BlockDX yet, but atomic swap tests have been completed already with OPCX. In the biweekly update from February there is also a section about this. We are awaiting final integration and are keen on having a decentralized exchange with many extra options added to our markets.
OPC will also be added and integrated as soon as the OPC code update with the decreased ROI has been completed.
OPCX wallet update & improved UI
With the OPCX wallet update also comes a new design, which you can see in the picture above. We are talking with exchanges to coordinate this without having to close any more markets. With Cryptopia closed our biggest market is already down, so we don’t want any other markets to close. We also hope to coordinate with Cryptopia about updating the wallet before they are set to re-open again.
The idea for this wallet update came out of a negative thing happening, namely the exploit that was discovered in our type of blockchain, which is shared with the likes of PIVX and many others. With this exploit fix and the UI update, OPCX is ready to go for many years! As soon as the wallet update happens we will make a big announcement on all our channels, so that everyone knows about it.
With this wallet update also came the oppurtunity to change the collateral that is needed for a masternode. We held a vote a while ago on Twitter and Discord and most people voted positive fora n increase of the collateral. After thorough discussions we have decided to change the collateral to 150,000 OPCX. This will bring some positive things eventually, such as increased masternode ‘status’, more coins locked and a higher rate of rewards. This change will occur at the same time as the update, which will be announced.
Overpowered ecosystem arising + sneak peek
Slowly but surely all pieces of the puzzle fall together. While waiting on the store and stakebot to provide usability inside and outside our community, our developers already think ahead. Why waste time doing nothing? Out of the wizard’s hat, our developers are developing an awesome new feature for the overpowered project that has the possibility to reach millions of people at once. All we can say right now is that it’s an add-on on a very large online platform that will complement our ecosystem by connecting a whole new community to the Overpowered project. Many different possibilities of earning and spending the coins will bet here when the ecosystem is complete. Time is of essence, slowly but surely we will get where we need to be.
Keep an eye on our social media pages, we will see you early in April.