Bytom
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Bytom

Bytom Weekly Report (2020. 11. 2–11. 6)

Project Development

1, Third buyback and coin burn of SUP

To enable the deflation of SUP, 20% of the SuperTx protocol trade fee used to buyback and coin burn of SUP. This is the Third buyback and coin burn of SUP.

As result 20% trade fee: (0.0397 BTC, 1.275ETH, 27066.5BTM, 1173.52USDT, 1035.56 DAI, 1055.37USDC, 6.97 SUP) should be burned this month.

According to the market price, a total of 40SUP should be burned this month.

The coin burn Txhash:https://blockmeta.com/tx/1fc3a62065ae6cd27ddad1cdac5bdccca1e8b4d5c4934f133c8b92d3cefd433d

More details: https://link.medium.com/TQ3k9TUa5ab

2, Sixth buyback and coin burn of BTM

155,843.56 BTM equal to 20% of MOV (https://twitter.com/MOV_Network) one-month trading fee profit of September has been burned.

Coin burn details: blockmeta.com/tx/ad068b562610fa1bdadd4494d323a26996da82d6fb2693b77ab3cd606787f86c

More details: link.medium.com/vUn7sOCP6ab

3, SUP governance proposal status update

SUP governance has been launched. There are currently eight proposals from community, and voting for the earliest proposal ended on November 5. At present, the proposals < SuperTx adding Litecoin (LTC) Trading Pair> and <Adding mainstream exchange tokens’ trading pair > are being voted;

For details of the superconducting proposal: https://supertx.bymov.io/gov/

4, MAG mining will be released soon

$MAG mining Debut will come, MAG distribution will be distributed through 5 ways: 1)place order mining, 2)trade mining, 3)airdrop for previous MagnEx users, 4)trading channel mining, and 5)liquid mining. Except for the airdrop part, the release period is four years, and the number of releases decreases year by year, and the release amount is the same in the third and fourth years.
$MAG will be the governance token of MagnEx protocol.
MagnEX protocol is a decentralized Order book exchange.
MagnEX is available in Bycoin wallet( http://bycoin.im/en)

Dev Report

MOV

1. MOV data central control platform l pricing switch function;

2. User behavior analysis module function joint debugging;

3. SuperTx protocol supports custom slippage protection;

4. OFMF’s API service supports the use of different authentication permissions;

5. MAG airdrop calculation tool development;

6. Revise MongoDB replica set;

7. Design and implement Blockcenter Application service;

8. Optimization of rpc ListTxs method;

9. Add MAG mining unit test;

10. Modification of the interface for delayed service query of locked assets;

11. MOV webpage supports data statistics;

Bycoin

1. Add byone user geographic distribution interface;

2. ETH first cross-chain registration and binding step-by-step online test;

3. Bycoin privacy treaty;

4. Byone adds traffic monitoring function

MOV platform data

In the past 7 days, the number of transactions on the MOV reached 427,806 the number of active addresses reached 6,461, and the transaction amount reached $15,802,88.92

Activity

1, Join Bycoin partnership share permanent dividends

MOV, as the next generation decentralized cross-chain exchange protocol, after the continuous launch of the “cross-chain gift package” and “the first MOV on-chain trading competition” activities, the cross-in assets were nearly 5.71 million dollars, and the on-chain trading volume also increased linearly. In order to promote the further development of MOV’s ecology and share the revenue to community fans, Bytom officially launched the “Bycoin Partnership, Make the Future” Community Partner Program on May 11, 2020.

To thank the community users for their continuous support, the Bycoin team extends the partner program from limited time to permanent. From August 11, 2020, all partners will receive a permanent dividend equal to 10% of the trading fee, of which the first-level 8% of the fee and the second-level 2% of the trading fee. There is no deadline and no upper limit for dividends.

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