CanYa Monthly Update February 2019

CanYa

Published in

CanYaCoin

5 min readFeb 7, 2019

In this update we introduce our new monthly format that extends beyond CanWork development progress.

Monthly CanYa Updates

In the last update we introduced the 2019 CanYa engineering goals and the start of three week sprint cycles. As a result, the team believes we can deliver better value in a monthly update across all facets of CanYa: CanWork, decentralisation development and marketing.

Development Goals

To recap the engineering team goals for development:

1) CanWork: Provide continued support for the existing CanWork architecture & code repositories.

2) Decentralisation: Research and development of a decentralised version of CanWork and the CanYa ecosystem.

What’s planned for the CanWork platform?

It’s business-as-usual support for CanWork during February. The team also expects to:

Improve on-boarding flow for new sign-ups while better notifying and engaging existing users.
Analyse & plan for an incentivised referral mechanism.
Set up the blog sub domain for tutorials & content. This will help with SEO and act as a resource repository for our users.
Refactor some legacy code to improve stability and reduce cloud costs on the transaction monitor.
Incorporate Video Chat

What’s planned toward Decentralisation?

P2P chat & video conferencing

The ‘low hanging’ fruit for decentralisation is CanWork’s chat and inbox. We begin the tech spikes on peer-to-peer (p2p) chat and video conferencing. Not only does this move us toward our decentralisation goals and reduce reliance on Google Firebase, it will also work nicely when dAppNodes are released later this year.

dAppNodes

dAppNodes are a solution to run the decentralised software that powers the CanYa ecosystem. Research for this is complete and in February the team aims to progress the dAppNode architecture which will eventually allow those interested to stake their CAN to earn rewards for supporting the ecosystem.

Note: The CanYa decentralisation paper will be released next week.

CAN token migration & CAN Economy

CanYa aims to migrate the $CAN token from ERC-20 to ERC-777 — the ‘future token standard’.

Currently, we’re up against the cutting edge of Ethereum and patiently wait on the Ethereum dev community. The new token standard is reliant upon the ERC-820 registry contract standard which will allow smart contracts to declare what they are. After this is finalised and released, ERC-777 will follow.

In February, we aim to release CanEconomy — the web app to monitor & facilitate the token migration. Initially, this will only track ERC-20 tokens but with luck we will see ERC-777 in the coming weeks and begin the migration which will start with founder tokens, DAO & charity wallets then followed by HODLers and exchange tokens. Stay tuned for more information.

CanSwap — liquidity network for CanYa

CanSwap aims to be a decentralised liquidity network allowing on-chain conversions of tokens & ether into and out of $CAN. Anyone can provide liquidity and will be incentivised to do so.

So far, the basic architecture and UI/UX is complete. In February we expect to:

Continue iterating the development
Test the contract functionality

CanSend Improvements

CanSend.io is an increasingly popular multi token sender developed by CanYa.

We are determined to improve the CanSend user experience based on feedback given in our channels and recently made back end changes in estimating gas costs & reducing batches to minimise transaction problems with very large amounts of addresses

In February we aim to develop a user guide / FAQ for CanSend.

Promotions & Marketing

Dock.io

CanWork integrated Dock’s decentralised log in solution and both projects shared socials to their communities. Dock will also be telling their 1M users about the CanWork in their January update which is expected to go out any day now. We will continue to work with the Dock team to encourage their users to sign up to CanWork!

MakerDAO

The CanWork team recently integrated DAI as a payment option. This led Maker running some promotions for the CanWork platform to their very large audience. Maker is one of the most respected projects in the space so we will be looking for further opportunities to work together. Stay tuned.

Binance

CanWork also accepts the BNB token which has generated some good engagement on social media. CanYa featured in tweets from both Binance and CZ (their CEO) during the month of January.

Paid advertising

The team have also been experimenting with paid advertising for the CanWork platform. This month saw over 123,000 people see our ads and 6.5k people pushed to our platform. We will continue to refine our channels and content as we look to grow our user base throughout the year.

February Promotion

This February the team have put together a competition with a 15ETH prize for the cryptocurrency and freelance communities. The challenge is to produce a piece of content on the following premise:

“Cryptocurrency and dApps will revolutionise the freelance economy”

If you think you have what it takes or have a friend that does then give it a go!

Need more?

In addition to the new montly updates, we will publish interim content on community & promotions, CanWork highlights and separate tech blogs. And, as usual, there will be continuous updates on social media and in our Telegram channel.

Thanks

CanYa Team
#BUIDL