In This Week’s Edition of The AuBit Weekly Update, You Get A New DeFi Tech Partnership Announcement That Makes Possible A Freeway Defi Virtual Crypto Hedge Fund, And The Announcement of $50,000 USD Supercharger Giveaway Rewards For FWT Native Stakers
Inside this Freeway Friday update you’ll find:
- Introducing $50,000 USD Supercharger Giveaway Rewards
- A new DeFi tech partnership announcement
- Freeway’s Truly DeFi Virtual Crypto Hedge Fund
- AuBit is to at least double existing developer resources for Full Fat
- New and improved accelerated roadmap coming soon
- Guerrilla of The Week
But first, as always, here’s a short video from me, Sadie, Freeway Founder & Co-CEO.
Happy Friday again everyone,
It’s one thing to say you’ll reward users from revenues, it’s another thing to actually do it.
We’ve had a bumper month business-wise and, as promised, we’re putting our money where our mouth is by sharing rewards with users starting next Monday, 16th August.
August is a $50,000 USD Supercharger-giveaway-and-partnership-announcement-month, so I’m going to keep this short and sweet.
In this week’s update, you’ll discover more about the giveaway rewards and a new DeFi tech partnership.
We expect to bring news in the next couple of weeks regarding the EU brokerage too.
So watch this space.
Let’s get started…
Introducing $50,000 USD Supercharger Giveaway Rewards
AuBit has had a bumper month with Supercharger AUM reaching $10m for the first time and, as part of our Social Finance mission, we’re sharing our revenue with you, our beloved platform users.
Starting Monday 16th August, we are giving away $10,000 in USD Supercharger Giveaway Rewards EVERY DAY FOR FIVE DAYS.
That’s a total of $50,000 in USD Superchargers given to Freeway Lite users who have more than $50 in FWT staked on the platform.
The more FWT you have staked, the greater your chances of giveaway rewards.
You must stake your FWT inside Freeway Lite in advance of Monday 16th August to be counted, so enter the platform now and get staking!
Announcing A New DeFi Tech Partnership With 0rigin
I am pleased to announce that we have a signed MOU for an important tech partnership we have been working on for months…
In true AuBit style, the partnership is one that aligns incentives across all parties to further the mission of developing mutualised, democratised and improved social financial services for better rewards and #accessforall.
As you are aware, AuBit is set to rapidly increase its user base in the coming year for mass adoption alongside institutional and corporate clientele from the strong institutional background of its team and advisors, as well as our partnership with a fully-regulated prime brokerage (more on that in the coming weeks).
0rigin shares a vision with AuBit of better incentives and mass DeFi adoption.
This makes them the perfect team to partner with to bring a suite of already-built DeFi tech and a strong backend development team to Freeway which can work alongside our existing development team.
We envisage our network and systems to provide mutualised and democratised financial services, wrapping almost any asset with liquidity, value, and title transfer across traditional institutional-grade & regulated as well as decentralised & permissionless variants.
In terms of mutual benefit, AuBit’s roadmap includes all the regulatory, distribution, marketing and front-end aspects that 0rigin can also capitalise on too, making it the kind of win-win deal we love.
And for the technically minded among us, this is not just the Freeway Chain we are talking about…
0rigin brings a host of truly decentralised modules to the table including on-chain wallets, EMI and Banking License compatible managed wallets for on-chain e-money and tokenised and regulated brokerage accounts, an on-chain identity layer, a cross-chain bridge with liquidity aggregating dex, DeFi credit scoring system, fully integrated trading systems, and a full conveyor belt integration system for Freeway native and synergistic 3rd party dapps looking to join our mutualised and democratised ecosystem.
It might be not immediately intuitive to most people to understand how valuable this partnership can be for Freeway, but its fruits will become increasingly clear over time in the benefits it provides.
Freeway’s Truly DeFi Virtual Crypto Hedge Fund
As part of the 0rigin deal, we are also integrating their AXE Trading System for a truly DeFi Virtual Crypto Hedge Fund, on-chain.
The idea being that you can access a decentralised crypto fund, simulated and AuBitised for additional volume growth through revenue redistributions.
We also expect to include a social copy trading system.
Social copy trading systems allow you to see how the professionals are trading and copy their trades.
We will look to apply the same tech applied to AuBit Brokerage accounts supporting all major asset types in traditional finance as well as crypto and digital asset space.
As with everything we do, each and every aspect of these features will have FWT utility both in terms of using the services and features as well as benefits for those staking FWT inside Freeway.
What’s more, we are also working to integrate 0rigin’s decentralised QED Oracle for Freeway pricing and opening it up to all potential customers outside the AuBit Network too.
This will create a fair value-exchange environment through a rational marketplace for Oracles to discover fair pricing from true supply and demand.
AuBit To At Least Double Existing Developer Resources To Concentrate On Front End Development of Freeway Full Fat
With the 0rigin team focusing on the backend tech alongside our existing dev team of java and integration specialists, we are looking to at least double our tech development team for Freeway Full Fat’s front end.
The team is building out Freeway v2.0, which will be a far more comprehensive platform than originally planned and will serve as a starting point for regular updates as it evolves over time into Freeway Full Fat and its related apps.
New And Improved Accelerated Roadmap Coming Soon
The 0rigin partnership accelerates almost every aspect of the AuBit Roadmap providing tech for the Freeway layer-one blockchain which will operate as an extremely efficient traditional-to-DeFi bridge across almost every aspect of asset management, payments, banking, insurance, crypto, and NFTs, so all Freeway Users can keep their value compounding within the network for everyone’s benefit.
Along with our EU brokerage partnership (more on that in the coming weeks), we are in the process of completely rewriting our roadmap in line with the new reality that just 12 months ago would have seemed outlandishly optimistic.
Guerilla of The Week — Cryptonaut911
Another week, another new Freeway Guerilla.
This week we’re adopting an OG Guerrilla into the tribe who has helped coordinate everything from influencer suggestions to being trigger-finger-happy on tweets out in the Twitter-sphere on everything Freeway!
Cryptonaut, your space adventures will take you to the moon and beyond.
Enjoy your $50 Supercharger reward and keep up the great work.
We appreciate your contributions to the group and the efforts of spreading the Freeway word more than you know.
Once a week on a Monday at 8pm UTC, AuBit holds an internal AMA in the AuBit Telegram channel that gives the community a chance to ask direct questions with core team members.
You can read last Monday’s AMA (Ask Me Anything) transcript below.
If you’d like to participate in the next AMA on Monday at 8pm UTC where you can ask Graham anything, join the AuBit Official Telegram group here.
Until next week,
Co-Founder and CEO
New to AuBit? Here’s Everything You Need To Know…
We’ve put together simple resources for people that are new to AuBit freeway. The below articles will help you discover everything you need to know including:
- What AuBit is and how it works
- What the Freeway Token (FWT) is, and how it works
- What are Superchargers?
- Who is in the team behind AuBit and where they’ve worked before
- And much, much more
Freeway Lite #AccessForAll Is Finally LIVE!
Any eligible user in more than 180 eligible countries worldwide can now create an account for access to Supercharger Staking products, FWT native staking, and Freeway Forever Referral Rewards.