CENNZnet 2020 — a year in review
CEO Aaron McDonald shares key developments over the past year.
Despite two lockdowns and heightened global uncertainty, the Centrality team and our ventures have been fast to adapt to the changing business landscape. Working hard and with our eye on the future, the team continues to bring our road map to life — UNfucking the world as we go!
As we head towards a well-deserved kiwi summer break, I wanted to take the opportunity to look back on some of the milestones we’ve achieved over the last 12 months.
Grant DAO’s
In line with our commitment to community ownership of CENNZnet, we opened up some exciting Grant DAO opportunities for the open-source community. The long term vision is that we will transition into a model more similar to Bitcoin Core, where Centrality contributes to research and vision while the community and ventures will gradually take more of the responsibility for owning implementation.
With this goal we were able to get two exciting projects over the line:
- UNcover Evolution: Created the CENNZnet UNcover explorer to support Azalea,
- Transition Contract Project: Deliver application for ERC20 tokens migration between Ethereum and CENNZnet.
Check out this year’s Grant announcement here.
Exchanges
It was a big year for the CENNZ token, with 3 new exchanges listing CENNZ within the same month. ZB, MXC and Bithumb now list CENNZ. Each of these exchanges has held trading competitions and AMA’s to share the CENNZnet story with their ample communities, expanding our followers throughout Korea and China.
Marketing to new followers
In line with the exchange listings, 2020 saw us launch aggressive marketing campaigns in both China and Korea, as well as a global digital campaign. The goal of these campaigns was to widen the brand awareness of CENNZnet to new investors, and they resulted in significant increases in the token price and daily trading volume. Once the token swap is complete, we will reinvigorate these campaigns to grow the community even more.
Mainnet release V1 went live!
The Azalea network was successfully launched in June and we upgraded more than 300,000 Sylo users. I cannot overstate how awesome it’s been to see our 2017 plan being delivered so strongly.
CENNZnet is the first natively permissioned, public blockchain in the world and CENNZnet provides a superior and safe user experience straight out of the box. Our mainnet is capable of linking applications together to provide a better overall user experience and complete with in-chain core modules to help DApps access existing users and build their customer base faster.
You can learn a bit more about how it happened here.
The Great Migration — Token swap
Our token community were given the opportunity to send their ERC20 tokens to the transition contract between august and October. Over the 8 week period, more than 831 million $CENNZ were deposited into the contract. This means that ERC20 and CPAY token holders will have the first freshly minted CENNZnet tokens on the mainnet, making our community ready for the next stages on the road map — public staking and community governance.
You can learn more about the swap process here.
Upgrading to 2.0
Running alongside our swap there were some exciting developments to the CENNZnet network. Pl^g (our blockchain framework) transitioned to 2.0, so the CENNZnet team prepared compatible CENNZnet modules.
This upgrade gives us better overall network security and will provide more accurate fees for users. It also makes transactions slightly smaller, the transaction processing more efficient and the APIs more user friendly. This is particularly important as we begin to use the mainnet with live tokens, and it will also become essential for federated staking.
This move enables us to start the process to launch PLUGnet and migrate the PLUG token to the PLUG network. The PLUG team has been working on some very exciting partnerships and a launch of the update roadmap and strategy is imminent. This will enable holders of PLUG to participate in the DeFi space in a very exciting new way leveraging the core innovations in the PLUG framework that make PLUG Simple, Safe and Secure for users.
It’s been a great year on CENNZnet and the team are well set up for an awesome 2021. Stay tuned to learn more about the plans for next year.
