This is in continuation to my earlier weekly reports of win.win project. Due to some unavoidable reasons I was not able to publish the weekly report for a couple weeks, hence this time I am consolidating the news/events/updates/ progress of win.win project of last month in this report.
About win.win project
Aim of the win.win project is to create a truly decentralized exchange platform with cross-chain atomic-swaps capabilities to facilitate the direct transacting of value between network users. There will be no fees for the direct peer-to-peer exchanges, as these transactions are performed directly between user wallets.
The TWINS cryptocurrency will be used to power the exchange platform for buy and sell order listings and to reward the community-supported and decentralized hosting of network nodes.
Mandatory wallet update
TWINS was suffering from double spend attack for quite a while where users were forking off to different chains more often. Multiple attempts were made to solve the situation but it continued for a while. Later, it was decided to force a mandatory update to weed out the users who are on old wallet versions.
for this, a mandatory wallet update was rolled out which upgraded the wallet to 3.2.1.0. This was a mandatory update, and network will automatically ban old peers once most of the network is upgraded. This update included-
- Protocol upgrade
- Checkpoints to ensure the wallet is on mainnet
- Auto-resync enforcement in case the wallet is on split
This update successfully resolved the forking off to other chain issue. If you have not updated your wallet or Masternode to this version yet, you need to do this asap, otherwise you will loose your network rewards. Link to the latest wallet can be found here.
Bitsane Partnership furthered
we, all are aware that bitsane was the very first exchange on which TWINS was listed and it has served the purpose so far with distinction. It is one of the top 100 exchange by volume and their support is praise worthy. The win.win team have managed to strike a partnership with bitsane exchange and now Twins is listed in more pairs on the exchange- TWINS/EUR, TWINS/DASH, TWINS/LTC, TWINS/ETH, TWINS/XRP and TWINS/USDT.
Also, Bitsane has promised that TWINS will be the first shared masternode project, directly integrated within the Bitsane exchange with reinvest feature and a fixed fee of 1%. This is absolutely great, although the exact feature and date are yet to be announced for this.
Bitasane on the win.win team’t request has disabled the hidden order features for TWINS currency. It was felt that hidden order feature where the orders were not shown in the order book, was hindering the TWINS price movement and it was felt that there is always selling pressure. Now the feature has been cancelled and to much rejoice most of the hidden orders turned out to be on buying side. This also helped TWINS recover price a bit.
Also, It has been mentioned many times that for other New Capital projects TWINS will be the first trading pair, for example- FIX network is about to be launched and FIX/TWINS will be the first and only major pair. I also believe that bitsane is going to be that exchange on which the pair is listed.
FAQ published
There had been many occasions when multiple times the questions were raised from the win.win team regarding their objective, the roadmap, achievable targets, falling prices of TWINS and intervention from the team etc. etc. so team came up with the idea of a periodic publication of FAQ on the official win.win website.
This will provide a more formal and official framework for answering these questions. One can see the FAQs currently listed here.
Good thing about this is , it is an ongoing process and anyone can submit his/her question to the team and it will be answered officially and will also be published on the website for future reference and also for others to see. This shows how much team takes the feedback into consideration and how confident they are on their strategies.
TWINS Price
TWINS price continued to decline earlier in the month till 5 sats and it bottomed out at it. Soon TWINS price rose to 10–11 sats and has establsihed a storng support around this. TWINS has broke 20 sats also 1–2 times but in general the price has hovered in the 12–18 sats price range, which I think is not that bad, considering that there has not been much progress on the exchange front for the public.
In the near future, I believe TWINS will go past 20 sats price due to activity related to other New Capital Project like- Fix.Network or Wallet.app which are showing some very good development over the past month.
It has already be announced that FIX sim cards can be ordered with TWINS currency, but the amount of TWINS to be received as payment for FIX sim cards is capped at 100M twins. Still, this will create a demand for TWINS in near future and as we see that there is hardly a few million TWINS on the exchange, this will surely raise the price in near future.
TWINS Masternodes
TWINS masternodes has crossed the magic number of 1000 Masternodes in the mean time which is just phenomenal and at the time of writing MN number is around 1150. If we look at the no of coins locked in MN then it is 77% which shows the belief of community in the project.
Although, With the increase in MN number, the reward frequency is decreasing continuously. Now one MN reward is close to once in two days.
New Team Member
There has been one addition to the win.win team. from the announcement:
We are excited to announce a new addition to the New Capital’s team — Paul Rieger, Paul, an official advisor to the NEM Foundation, has extensive knowledge and experience in the blockchain industry, and is keen to help us grow. Welcome aboard, Paul!
It turned out to be a very fruitful month for the win.win team with lot of progress and activity. Thank you for reading.
Official project links:
TWINS Website: https://win.win/
Github: https://github.com/NewCapital
Discord: https://discord.gg/SAMDbxV
p2pb2b Exchange link- https://bit.ly/2SxYPqR
