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Dear Community Members,
We know that the past couple of months have been difficult for you, please keep in mind that none of the issues encountered were expected, and in each situation we tried our best to resolve the issue soon as possible. In order to permanently resolve all the issues and also upgrade the network to next level, we’ve decided to make some changes.
In order to optimize miners income and the economic ecology of Volume Network, we will carry out a major chain transformation of the Volume Network mainnet. The goal is to make the first DeFi POC chain.
This transformation will optimize the economic model so as to solve the current situation with mining, disk destruction and as well as malicious mining. …


After the first upgrade of the main network in the month of May, the Network is still undergoing further iterative optimization.

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Recent Important Developments:
1. Following the launch of the Volume Network mainnet, the optimized iteration of the network is now being successively developed.
2. The Network’s operations and development is gradually being decentralized to allow for community’s effective participation.
3. The dynamic destruction mechanism has cumulatively destroyed about 664W VOLUME.

Product & Technology Progress:
1. The blockchain explorer is being modified with multi-layer optimization planned. …


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This month the Volume Network team completed the Mainnet upgrade, and the process of dual currency mining has also been completed and launched. …


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After several months of technology development and ecological planning, The Volume Network foundation will now upgrade the Volume Network Alpha-Mainnet protocol on April 15, 2020 to reflect a deeper decentralized stance, strengthen the network’s mining algorithm, and enhance the experience of miners and MPRN members. To upgrade the network, all miners and MPRN will need to install and update the latest mining and node software to available on the Volume Network’s Github page as follows:


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Volume Network to launch the dual-currency mining integration process in order to further decentralize, and gradually achieve the vision of VOL for mass transactional usecase for commercial operation. At the same time, in order to ensure stable transactions across all the exchanges, we now plan to implement a dual currency integration-one-way exchange of VOL ERC20 and VOL main net currency, and with time, the VOL ERC20 tokens will be gradually withdrawn and destroyed during the one-way conversion process. The final date for the conversion and destruction will be announced later.

In order to ensure the security of your assets, it is recommended that you go to the supporting exchange to convert your assets as soon as possible, or wait for the exchange to automatically do the swap. …


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Due to the recent market fluctuations, the Volume Network team also made some adjustment in the same direction.

Important Recent Developments:

Product & Technology Progress:


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Introduction

The current Corona-virus epidemic has brought some inconvenience to everyone including VOL. We hope everyone can continue to stay healthy and safe. In the past months VOL’s team has continued to focus on implementing the BHD dual mining, and user growth incentive schemes.

Some adjustments have been made to the VOL team’s work process. This largely due to Corona-virus recent incident globally. …


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Recent important developments:

Product and Technology Progress:


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In order to further decentralize the Volume Network project, the foundation will gradually achieve the vision of VOL community-based operation. At 22:00 (SGT) on May 21, 2019, the Volume Network Foundation decided to convert the 300 million VOL (subscribed at the price of 0.0001 USDT per VOL) to USDT for refund to the users who participated in the purchase, and the users can keep the VOL purchased at the time. This means that the previously subscribed 300 million VOL is equivalent to airdrop paid to seed supporters.

Please also make sure to meet the requirements of Angel/seed supporters, scan the code below to fill out the form, the official staff will verify the information, and in 10 working days your USDT used to purchase VOL will be refund to you. …


Important recent developments:
1. The community user growth incentive plan has been implemented and is currently in preliminary trials
2.Dynamic destruction mechanism has burnt over 4.2M VOLUME

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Product and Technology Progress:

About

Volume Network

Former CTO of TRON.network.and Chinese Filecoin project-Lambda built VOL together. Official website: https://volumenetwork.io

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