Cassava Monthly Product Update #1
March 2022
Dear partners and community members,
It’s our pleasure to share with you the first official project report of Cassava. In the past few months, Cassava has made huge progress in our product development and confirmed the plan for our next stages.
We’re excited to share this update on where we are, and where we’re heading — please read to the end to get up to speed with everything Cassava!
1. What is Cassava?
First of all, let us reintroduce Cassava and the major modules that compose our product.
Cassava is the crypto infrastructure for Africa. We have a slew of close partners from the traditional internet industry who are specialized in African music, short videos, content creation, gaming and more, all with millions of daily active users. We’ll cooperate with them to accelerate the transition from Web2 to Web3 for users and developers alike. For this goal, we are building a series of targeted product modules:
Rewards System
Cassava provides a crypto-based rewards system that can be synchronized with a partner’s platform to help them distribute crypto rewards to users based on their engagement on certain tasks. Cassava partners can allocate a budget to set up campaigns on Cassava to encourage users to complete specific tasks, such as joining a product trial or creating required content.
In this process, Cassava partners are empowered with effective incentivization solutions while Cassava itself rapidly increases the number of CSV token holders who are beginning their Web3 education.
Multichain wallet
A core part of Cassava’s value proposition is a crypto wallet that supports multiple popular blockchains. To meet the needs of the African market, we are focusing on mobile development first. So far, our decentralized wallet system supports Solana, Binance Smart Chain and Ethereum networks. It allows users to manage both their fungible tokens and NFT assets in one app.
Cassava ID and OATs system
Apart from token incentives, Cassava will also establish a set of digital identity and achievement systems. We are building the concept of ‘Participation as Identity’ into our offerings and will use On-chain Achievement Tokens (OATs) to record users’ participation behaviors both on and off the chain. We will use this on-chain method to help users track and record where their’ money and time goes. In this way, users can take full control of their personal data and use it for their own benefit.
NFT marketplace
NFTs are a great way to stimulate the creative passion of African talents and to maximize the values of celebrity and KOL resources. It is still at an early stage in the African market but has huge potential and prospects. There are many talents here in arts, music, sports and more, all ready to fuel the global NFT market of the future. Our NFTs will initially be Solana-based, mainly for the cost-efficiency required by our target audience. A series of unique and imaginative NFT-related features will be added to our marketplace to capture a growing audience.
Cassava Chain
When we finish the initial user accumulation, product development and community building, we will open a new chapter. We will adopt a modularized blockchain solution to develop the application-specific blockchain of Cassava. Through our product-specific blockchain customization, we will be able to deliver the best user experience to billions of users.
2. The roadmap
Below is the latest development roadmap for Cassava Network.
2022 Q1
- Cassava Account System
- Decentralized Wallet
- Start Code Audits
2022 Q2
- Creator NFT Marketplace
- Cassava Composable Avatar
- DeFi Integration and Dapp Browser
- Multichain Support
2022 Q3
- Web2.0 App Integration
- Rewards System
- Cassava ID
- On-chain Achievement System
2022 Q4
- Cassava Sovereign Application Chain
- Cross-chain Atomic Swap
- Cassava DAO Platform
3. What we’ve completed
In Q1 our team finished the initial product development of our multichain wallet system, which supports both fungible and non-fungible token standards. This wallet system will be launched with our first public version of the Cassava mobile app.
We have also completed the setup of our crypto-based rewards system, as well as a full set of merchant and admin consoles. As our current focus is to launch our NFT marketplace, the official integration of the rewards system with our partner platforms will commence after the launch of our NFT-related modules. Development is already fully underway for our NFT marketplace and composable NFT avatar functions, which will be launched this Q2 with our first public version.
4. What’s next?
1. Community building and marketing will officially start.
As we have finished the initial development of our product, we will officially start the community building and marketing campaigns to promote our product launch and upcoming IDO. We will start announcing our partnerships, investor lineup and launching products aggressively from May.
2. IDO campaign
We plan to conduct our IDO event by the end of Q2.
3. Cassava mobile app
By the end of April, Cassava mobile app will be downloadable for both IOS and Android devices. The Cassava mobile app will contain Cassava’s account system and our decentralized wallet system, which would be a medium for our users to easily access our future modules and features.
4. Cassava NFT avatar editor
Cassava’s composable NFT avatar editor will be released in June, which is a brand new and innovative NFT feature. In a nutshell, users will be able to get different NFT components through mystery boxes. They can trade the components they have or use their components to assemble an intact and unique NFT avatar. We will launch seasonal themed NFT components to maintain users’ enthusiasm and curiosity. The uniqueness of this composable NFT avatar feature will help us effectively build engagement for our marketplace, thereby enhancing the awareness of Cassava in the market.
5. NFT marketplace
We will launch our NFT marketplace in June alongside the Cassava NFT avatar generator. We aim to leverage the marketplace and the talent in Africa to incubate more top-tier NFT projects for the global NFT market.
6. Integrate with partners
In Q3 we will focus on the integration of our Web2 partners. We are confident this will see a massive user inflow to Cassava through our rewards and OATs systems. We aim to reach a million app downloads and token holders after that.
Thanks for following this update, and we look forward to sharing more development news in more updates like this.
The Cassava Team 🎁
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