Project Development
1, According to the research report released by the Blockchain Transparency Institute BTI, the global digital asset trading market has 6 billion US dollars of data forgery, accounting for 2/3 of the total daily trading volume in the market. This amount of brushing caused confusion in the market and misled investors.
The data of the decentralized exchange is open and transparent. We can define the “effective trading volume” through the coindays destroyed, and reduce the weight of the quick trading between two own accounts to the minimum. Coindays destroyed can be used as an indicator to judge the real trading volume.
2, The first MOV on-chain trading competition was officially launched at 2 pm on May 11, and it is currently underway. The deadline for the first week of the event is 14:00 on May 18th, users still can do more trading to get a higher rank.
3, 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 transaction volume on the chain has risen linearly, in order to promote the further development of the MOV ecology and reward community users, Bytom officially launched the “Join the Partnership, make the Future” Community Partner Program on May 11, 2020.
The Bytom Foundation will take out some of the Bycoin Wallet Magnetic Exchange Fee(all of the part which belongs to Bytom Foundation) and the 30% of the lightning exchange fee income into this event. The more invitations, the higher the reward.
4, MOV released the latest market maker guide. MOV market making is divided into magnetic exchange market-making and lightning exchange market making. At present, it is possible to do market making in two markets through the RESTful API provided by MOV Server or MOV-MMDK.
Both magnetic exchange and lightning exchange enjoy a 0 exchange fee (0 exchange fee for the first three months, and another agreement of exchange fee after three months). In addition, market makers can also participate the trading competition to share 2 million BTM reward and Cross-chain deposit and share 1 million reward activities.
Contact official telegram account: https://t.me/Bytom_official, if you want to apply for a market maker role in MOV.
5, On May 14, a senior researcher from Bytom was invited to participate in the 25th issue of Waliwali Live Interview hosted by Wali Finance, and chatted about “Another innovative — MOV from Bytom, how to lead Defi into an open ecosystem”.
Dev Report
MOV
1. New exchange protocol — Superconducting exchange is under developing, realizes two consensuses: getd and gety;
2. Modify some documents and SDK;
3. Modify the source code of Quantitative Trading to V3 version;
4. Test multi-party market-making interface;
5. Optimize and test the source code of the main automatic signing machine;
6. Add unit test of automatic signing machine;
7. Modify CrossMessage to support cross-chain address and script information storage;
8. The life cycle API adds optional query conditions such as txid and address;
9. Development of tools to improve the address list in the life cycle;
10. Add Trading competition leaderboard page optimization and personal profit rank switching;
11. Add Progress bar of the trading contest;
12. Design of a whitelist database for quantified entrusted transfer addresses;
13. New feature: Add or remove addresses from the white list of quantified transfer addresses;
14. Quantitative commissioned deployment testing and joint debugging;
Blockmeta
1. Blockmeta MOV data homepage interface goes online;
2. Blockcenter K line synchronization code is incorporated and tested;
3. MOV data center chart component, support dynamic switching chart, support pre-loading;
Bycoin
1. Bycoin partner profit update function;
2. Bycoin partner profit, weekly settlement payment bill, and details;
3. Bycoin partner plan H5 optimization;
4. Bycoin V1.4.8 related demand development;
5. API V3 version mobile terminal adaptation;
MOV Platform data
On May 15th, MOV officially launched the data center. Since the launch of the “First MOV On-chain Trading Competition” on May 11, the community’s enthusiasm for participation has been increasing and competition is becoming more and more fierce. Data center can also meet everyone’s needs for real-time ranking reports.
As of now, MOV cross-chain assets have reached US $ 18,714,286, including multiple assets such as BTC / USDT / ETH / BTM.
The number of transactions on the MOV chain reached 1,364,915, the number of active addresses reached 18,198, and the transaction volume reached USD 737,802.34 in the past seven days. According to the DeFi ranking of the blockchain navigation website QKL123 (www.qkl123.com), the current MOV ranking has risen to eighth place in the DEX section.
At the beginning of the MOV chain trading competition, new users are constantly influx, and cross-chain assets are also continuously increasing. Welcome users to trade on MOV and share 2 million BTM rewards. The subsequent rounds’ rewards are even more generous!
More details：https://www.bymov.io/data/
