Catoshi’s weekend round-up; Summer offers, website development and lots of ideas for growth.
Last week some of the team were away on vacation and they should have all returned at the time of writing. This means that development and progress can pick up speed once more in the coming weeks.
The global markets are still struggling. This coming week the Federal Open Market Committee (FOMC) will announce whether they are increasing the interest rate in the United States, with an expectation of not ‘if’ but by how much the increase will be. This will undoubtedly have an impact on the markets including crypto, but we still have a split between ‘Bears’ and ‘Bulls’. There are those that think that we have experienced the worst already and the crypto market will start seeing a recovery. Others think we have much more pain to come.
From a Catoshi perspective we have been working on the 4 large bridges mentioned in previous articles, the most recent being here. However, there is no doubt that the volume across our existing bridges has fallen as have enquiries from smaller projects to build them bridges. This was expected due to market conditions and I am sure there will be an increase in bridge volume and enquiries as the crypto market improves once again. It is very positive that Catoshi is working towards 4 bridges for large projects as the financing and volume issues will not be as significant compared to smaller projects. We welcome all projects though, big or small. As such Catoshi has this week launched a promotion to not only reduce the cost to a project to have a bridge built, but also increased the possible bounty that can be earned.
The Catoshi Summer Specials
On Friday Catoshi launched two promotions. The first has reduced the price of a White Label Bridge to 12.5k USDT. The White Label bridging option is fantastic for projects that want to keep complete control of their branding. The bespoke bridge UI is located on the project’s own website keeping consistency of branding design as required. The technical work and support all happens in the background and there is absolutely no indication to the public that Catoshi is involved which for many projects is important to their marketing.
Catoshi has been running a referral bounty for some time. However, the reward for successfully referring a project to have a White Label bridge built has now increased to 1.5k USDT. There is no limit to the amount of bounties a person can earn and as such this has the potential to result in a sizable payment for anyone who is good at bringing projects together.
The second promotion has reduced the price of a bridge on The Crossing to 6k USDT. With this option the UI for the bridge is hosted on The Crossing website run by Catoshi. The technology used is the same as for other types of Catoshi bridges, only the location of the bridge and the UI branding is different. This enables the Catoshi developers to very efficiently and effectively build the bridges on The Crossing which lowers the cost to Catoshi. The reduced cost is then passed on to the project buying the bridge. This option provides a full bridging service that will function fully for any type of project, but may be better suited to those smaller projects where growth expenditure is more restricted.
The bounty for a successful referral to The Crossing remains 1k USDT. However, the lowered cost to the project may make it a little easier for people’s efforts to result in a successful referral.
So at a time when financial gains in the crypto space are more difficult than 6 months ago, the Catoshi bounty offers a way to earn at least 1k USDT with no maximum amount. The more bridges you refer the more you earn.
Website and Staking
Last week I mentioned that the launch of the new website is getting close. The structure is complete and now needs checking for errors and content editing. This process should be happening in the coming week and should hopefully be a task that does not take too long. There is a slight possibility that in next week’s round-up I will be discussing the newly launched website. If not in next week’s round-up then the week after is very realistic.
The Staking platform which was discussed in last weeks round-up has had a few bugs with the UI. Now our lead developer has returned from vacation I am hopeful that the bug squashing will pick up speed. The Staking platform MUST be 100% solid, the team is not willing to release something that may even have a small chance of having problems if it involves people’s tokens. As such I cannot promise when the platform will be live until the development team have fed back with an update later this week. The back end is fully functioning however, so it should not be too long. I will repeat what I wrote last week;
Given the bridge volume is currently low due to the market I would much rather the staking platform was launched 100% rock solid and take a little longer if necessary. What is important to note is that there is now a 4th Apex bridge that will contribute to the bridge fees once live.
We had a team meeting in the past week where ideas for future development were discussed. Longer, more detailed meetings will take place during the coming week. There are also potential opportunities to increase accessibility to Catoshi tokens, including early discussions about CEX’s. However, these are all at a very early discussion phase and as such no details can be given. Rest assured though that Catoshi is looking at various options to support the growth of the project. There is nothing more gratifying than being able to announce positive news and I am confident that I will be happily sharing good news in the coming weeks and months.
Have a great week ahead everyone.
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