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Bytom Weekly Report (2021. 1.18–2021.1.22)

Dev Report

1. MOV SuperTx added DOT-BTM, DOT-SUP trading pairs;

2. SuperTx trading fees exemption function launched;

Lending protocol is being tested and optimized

1. Modify the lending access code;

2. Optimize the lending auction module;

3. Lending BAPP added deposit, withdrawal, lending, collateral added and lending repayment function;

4. Lending BAPP auction liquidation module interface joint debugging completed;

1. Modify the “mq push” of Kline to “packet push”, test and deploy it to the server;

2. Split Kline mq push data structure and database structure from original data to adapt mq push service;

3. Repair the push service code to support group push;

1. DOT is added to the SuperTx pool, and the SuperTx transaction supports the query of DOT transaction pairs;

2. DOT and SUP are added to the federal wallet;

1. Support DOT chain-crossing;

2. Joint adjustment of lending details and synchronous back-end modification. At present, the access lending has been completed.

In the past seven days, the number of transactions on MOV chain reached 2333581, the number of active addresses reached 7234, and the transaction volume reached $15434070.43.

More details: https://mov.blockmeta.com/

Project Development

On January 21, “MOV Lending Protocol: On-chain interest rate protocol based on algorithm model” was officially released. According to the article, MOV lending products have four highlights: first, return as you borrow and take as you deposit; second, zero on-chain trading fee and zero coin deposit service fee; third, it is the world’s first public auction tool for DeFi lending; fourth, the separation of lending pool and mortgage pool to reduce risk.

Click to view the full text: https://cdn.bytom.io/res/MOV_ Lending_ Protocol_ ZH.pdf

According to the 17th SuperTx Governance Proposal, Bycoin wallet (updated to v2.2.5) has supported dot chain-crossing on January 18, 2021, and SuperTx protocol has added DOT/BTM and DOT/SUP trading pairs on January 19, 2021.

Note: the number of DOT chain-crossing must be more than or equal to 2 dot, otherwise it will not be recorded and the assets will not be returned.

This is the first time that DOT has entered the application of DeFi ecology. In the future, BTM will probably enter the DOT ecology through parallel chain to realize two-way cross chain. All MAG liquidity mining shares were converted into DOT trading pairs, and 166.67 mags were released per day in each pool.

Bycoin Polkadot (DOT) cross chain tutorial is as follows: https://weibo.com/ttarticle/p/show?id=2309404594778942603378#_0

On January 19, 2021, the article “First principle thinking for lending on blockchain” produced by Bytom Academy was forwarded by ChainNews, one of the well-known crypto media in China, which explained “What is on-chain lending? Why can on-chain lending become the mainstream finance? How does MOV lending protocol innovate? “ It also states that “ the three important characteristics that the lending protocol should have: enough assets, fast liquidation and strong derivatives.”

On January 21, 2021, according to the 15th SuperTx Community Governance Proposal, the development of the step-rate basis of SuperTx is completed. From 3:00 p.m. on January 21, 2021, users can view the current service charge discount rate on the transaction panel, and SUP holders can enjoy the discount of SuperTx trading fee rate.

On January 21, 2021, the partner’s dividends during December 20 to January 19 has been handed out, and the partner in the top 1 last month received 10104.96 BTM dividends. Transaction hashrate of dividends distribution:

56216e1951414c6ab5fbf9892974f2801a09b8fd5682d2095644f0948ad88e0e

Bycoin partners have been upgraded to the “permanent partner program”.

Download Bycoin wallet to participate immediately:https://blockmeta.com/wallet/

Together with data institutions, industry media and communities, PANews held its first party (PANews’ Retrospect of The Year), which means looking back to 2020 and looking forward to 2021. After more than one month’s data review and popularity vote, MOV was finally awarded the title of “Annual cutting-edge open financial application”.

Thanks for the affirmation and support of industry partners, MOV will move forward unswervingly and continuously along the 2021 roadmap in 2021, continuously improve the MOV coordinate system product track, including lending and stable financial applications; promote the independent operation of SuperTx, MagnEx, lending, cross chain OFMF and other product lines, explore and practice the profitable sustainable development mode through community governance; create commercial cooperation associated with MOV, and exchange value with more protocols.

On the afternoon of January 22, the “ College elite training program “ press conference and the “proposal for promoting the popularization of blockchain” release ceremony was held in China (Hangzhou) future blockchain innovation center. Bytom participated in the activity as a co-organizer. As a special guest, Lang Yu, CEO of Bytom participated in the round table discussion on the theme of “current situation of talents and practitioners in blockchain industry”.

In order to promote the further development of MOV ecology and give back to community fans, Bytom officially launched the community partner plan of “create partnership, build future” on May 11, 2020.

To thank the community users for their support, Bytom team upgraded the partner program from a limited time start to a permanent open. From August 11, 2020, all partners will receive 10% of the permanent dividend, of which the proportion of primary dividend is 8%, and the proportion of secondary dividend is 2%. There is no time limit or upper limit for the dividend. Come and join us!

SUP SuperTx governance has been launched. At present, there are 20 proposals in the community, among which the proposals of “add LTC trading pair > < shorten the audit voting time > < open the right of SuperTx coin listing > < reduce the SuperTx transaction fees of SUP holders > < add Polkadot/SUP trading pair > <list ZENand ZEC > < let SUP out of the crypto space to form value capture > have been voted by the community.

Click to view the details of SuperTx Community Governance: https://sup ertx.bymov.io/gov/

SUP is the value capture token of MOV SuperTx and an important part of MOV. At the beginning of the release, the team promised that SUP holders will have the governance right of MOV SuperTx.

Details of sup superconductor governance plan are as follows: https://weibo.com/ttarticle/p/show?id=2

In order to improve the user experience of MagnEx contract and further promote the decentralized governance of MOV, MOV launched MAG mining, a MagnEx contract governance certificate. The first phase lasts from January 4, 2021 to February 3, 2021 for one month. Ordinary users can obtain MAG through magnetic hanging orders, trading, and SuperTx liquidity mining.

Details of the mining activities are as follows: https://weibo.com/ttarticle/p/show?id=2309404585748820001523#_0

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