Monthly Update — August 2022
It’s a brand new month, Glitchers! August is shaping up to be full of updates.
July was a busy time at Glitch HQ, but we added new key members to our team on both the tech and marketing sides and finally resolved those troublesome “blocker” bugs.
As the completion of Phase III inches closer, the tech team is wrapping up developments and end-to-end (E2E) testing surrounding the internal mainnet validators and external validator connections. In contrast, the marketing team is planning short-term and long-term campaigns around the tech releases. Let’s dive into last month’s achievements and look ahead to the exciting plans for August.
July Recap
People update
In July, the marketing team shared that there will be two new hires in the technology and marketing departments — Scrum Master and Copywriter. Both hires have now signed their contracts and will begin in August! The Scrum Master will provide project management assistance to the tech team using agile methodologies and 360 stakeholder management. The Copywriter will assist with all content creation-related work and fulfill A/B testing. We’re excited to introduce them to you through the team series shortly. The team page was recently updated if you’d like to view the team entirely.
While the team is expanding quickly, we understand others might choose to follow another path. We recently said goodbye to one of our team members on the operations side, Xing Zheng. We wish him all the best on his next adventures. That being said, we’re actively interviewing potential candidates to fill that void.
There are plenty of active positions at Glitch Finance. Click here to check out the careers portal and apply today.
Technology infrastructure progress
Over the last month and a half, the team has identified and resolved critical bugs. With these fixed, the team can wrap up the remainder of the upcoming release items and the E2E testing. View the latest roadmap breakdown updates completed on August 4. Currently, the team is working on a lot and is prioritizing the following:
Testnet: Internal performance/E2E testing is a work in progress. With over 3 million total blocks now mined, all team validators remain stable and online. Regarding the faucet, both the EVM and Substrate addresses are now supported, so anyone at home will soon be able to use the faucet to create and test a contract instead of requiring support from the team. In the meantime, for those who want to try a contract on Remix, you can receive the necessary GLCH tokens by reaching out to us using the ‘Contact Us’ form.
Mainnet: Great news! The critical bugs that have been acting as blockers are resolved. The tech team is now focused on any remaining bugs and wrapping up the E2E testing. Once complete, the team will begin launching the internal mainnet validators. And once the mainnet is publically viewable and stable, we will ultimately allow up to five external connections on a first-come, first serve basis. The initial process to set up a validator and swap to mainnet GLCH tokens will be manual, and the relevant information will be shared accordingly. There will be a bridge to swap to mainnet-native tokens in the future. Lastly, we have confirmed the GLCH token amount required for validation. Get your GLCH tokens ready!
Browser-extension wallet: Additional changes were made to the browser-extension wallet. Last month, the team worked on the functionality to switch between the testnet and mainnet and bind the mainnet EVM-Substrate address. Those items are now developed, and the team will publish a new version of the browser-extension wallet on the website alongside the upcoming launch. Product testing is in progress.
Requirements/Written Instructions/Guides: The marketing team has been working alongside the tech team to ensure all requirements, written guides, and video voiceovers are created and user-friendly. For those who are non-technical and want to get involved, there will be a video and written requirements to help guide you through launching a validator. The initial process will be manual and will require direct communication with the team. A form will be provided for the sign-up period.
Marketing & Community updates
With much in the pipelines, things are sure to begin heating up in terms of growth. Over the course of the year, the marketing team has been planning campaigns that will run alongside the technology releases over the coming weeks and months.
On July 25, the CTO and a couple of marketing team members came together to discuss frequently asked questions and the next steps in the Phase III launch. To watch the session, click here, and to read the recap on Twitter, click here.
A reminder that the initial single-sided staking campaign had ended. If you had any tokens staked during the 120-day campaign, please remember to withdraw them from the contract. There are still tokens parked in the contracts, and it’s essential to unstake your assets to keep them safe! Click here to visit the staking portal. Keep them warm because another special something is on its way.
Last but not least — who’s excited about the promotional explainer videos that will help with exposure and education? They’re a work in progress and looking great thus far!
August Preview
“Work hard in silence, let your success be your noise.” — Frank Ocean
August is looking bright — it’s a brand new month that aims to mark a new beginning.
The GLITCH mainnet was first launched internally on January 17, 2022. This month, the team plans to extend its mainnet to the public and begin allowing up to five external validator connections. While GLITCH is a decentralized network, it will begin and act centralized. The team will begin by hosting all the validators and will allow up to five external connections on a first-come, first-served basis, ensuring all remain online and secure. As time progresses, the team will allow more external connections — increasing the number from five, to ten, to twenty, ultimately to no maximum limits. If you are interested in becoming one of the five active external validators, we will be publishing a form in the coming week(s) to get in touch with the team.
Last but not least, we’re calling all GLCH supporters! We appreciate ALL of your support, and we’re preparing to re-announce an initiative that will strengthen overall sentiment. Apart from the token relock that was recently completed, we’re going bigger and better — so sit back, get your GLCH tokens ready for the juicy details, and get in on the rewards…we mean…the action. It’s all coming together, so let the good times roll!
Please follow our social media channels to keep up-to-date with all things Glitch, and thanks to everyone for the ongoing support.
Until next month,
— Team Glitch
We’re Hiring
We’re hiring qualified candidates for FT roles across marketing, operations, and engineering. If you’re a talented DeFi enthusiast, help us take Glitch to the next level. We’re looking to fill these positions very quickly. Search out our open jobs here and apply today!
About Glitch
GLITCH is a blockchain-agnostic super protocol explicitly designed for trustless money markets and decentralized financial applications (dApps). GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously rewarding all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing model. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch’s ultimate goal: to become a cornerstone of blockchain infrastructure.
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