PoCoCo Monthly Overview September
Polkaswap Community Collective (PoCoCo) launched a little over 2 months ago — How Time Flies! Since then we have been busy at work contributing to this ecosystem and community.
We would like to share what we have been up to in the last month, as well as what has happened in the rest of the SORA ecosystem.
In this article you will read about
- PoCoCo’s activity in September
- SORA updates
- News from the Ceres team
- And the latest on UMI.Digital
dom perignon — RED — Digital Flex collection, 1120NFT Gallery
PoCoCo
The goal of PoCoCo is to support and launch useful community incentives that will add value in any way possible to the Polkaswap & Sora ecosystems and their community members.
For this reason, we awarded a grant to the Ceres team for building a Polkaswap burn tracker, as it was clearly needed and requested by the community.
This tool will give you a clear view on the PSWAP supply, burn and rewards. We look forward to sharing the results of this collaboration sometime in mid October.
Next to that, we gave a retroactive grant to the builders of Polkaview for their exceptional work building the Polkaview analytics tool.
Their analytics platform collects and displays all kinds of metrics for Polkaswap like number of transactions, number of accounts created and network fees gained in a specific amount of time. These tools have been instrumental in spreading the word and fostering adoption of our beloved DEX and therefore deserved a grant from PoCoCo.
More investments in community driven projects will be made over time; this was just the start.
Trosset #451 Art Blocks Curated
Educating new and existing users for Polkaswap is one of the main reasons of our existence therefore we started the “How to DeFi in Polkadot” series. In these articles, we create more insight on certain topics that are relevant to understanding DeFi and the Polkadot ecosystem. Polkaswap aspires to become the number one DEX for the Kusama and Polkadot ecosystems. Because of the architectural differences between Ethereum, Polkadot and Kusama, the composition and user experience of DeFi in these networks is affected which can confuse DeFi users familiar with Ethereum, L2’s and Metamask.
Article 1 tells you more about Addresses
Article 2 teaches you about Generic Assets and Smart Contracts
The series will be expanded with more articles over the coming weeks. Next up: Parachains.
Do you want to contribute to PoCoCo by contributing writing, video, design, promotion or in any other way? Get in touch via hello@polkaswap.community and visit https://polkaswap.community/
SORA
September was a month full of exciting announcements for SORA, and we know more are coming in the next few weeks.
First of all, decentralized democratic governance did its work. The JP Games referendum to ‘loan the Pegasus World Kit 60K XOR and implement it as the metaverse native token’ has been approved by the community. This approval gives XOR the potential of exposure and use by 30 to 170 million users in the coming years. Read more about it here.
This is great news for the entire ecosystem as it shows that Sora’s on-chain governance is effective in new capital creation to support our ecosystem’s continued economic growth. No hard cap on supply means that there is no hard cap on growth. Citius, Altius, Fortius!
A little birdy told us there will be an NFT auction to celebrate this success.
Talking about NFTs, the SORA community also approved an RFP to implement a smart contract to mint NFTs on Polkaswap. This will be a great addition to Polkaswap’s features, one we definitely look forward to. More about this soon.
Crypto Planet #15 | SORA
Another milestone that has been accomplished was the passing of 2 million blocks on the SORA network. Over the course of these last two months, the SORA network has gone through multiple upgrades without any major issue. The network is even more robust and mature now, prepared for the future.
Next to that, a Polkaswap referral program is under development. Soon you can earn fees by referring friends and family as part of the incentive program for adoption of our cross-chain AMM DEX.
Also under development is an oracle called Soracle. This is excellent news as developing your own oracle gives you control over the core technology and does not make you dependent on third parties.
Last but not least, a new type of stable coin called XST is under development on SORA. This will have a positive impact on the price action of XOR and strengthen the holistic approach of the SORA economic vision.
More on these latest developments will follow in the upcoming weeks so stay tuned!
In case you are new to the SORA ecosystem, we highly recommend General SORA’s “Sora for Beginners” Guide
CERES
Our friends from team Ceres have had a great campaign for which we give all our love and support.#trypolkaswap is meant to invite new users to try the great UX and cheap tx fees as a change to their expensive D/CEX. To top it off, you could win 10x 1 Ceres token.
As mentioned earlier, team Ceres is working on a Polkaswap burn tracker.
Next to that they are working hard to deliver the next developments on their roadmap.
Keep an eye out on @cerestoken page, as we know they have another surprise in the pipeline to release soon.
UMI.Digital
Exciting days for our friends at @UMIdigital as they are just a handful of days away from the launch of their full DeFi Farm dApp launch on umi.finance
To celebrate the launch and engage the community, they are working together with Cryptowise for an exclusive NFT giveaway action. Get involved Right Here!
UMI is available on LBank Exchange, BKex.com, @XTechange, Uniswap and of course our beloved Polkaswap
Stay tuned for future news on Twitter
Join our community at the PoCoCo Discord
