8x Protocol Monthly Update: August

Kevin Lu
Kevin Lu
Sep 1, 2018 · 4 min read

Partnership — Tenzorum

“Blockchains and Cryptocurrencies have not been widely adopted by the early majority of the consumer population due to high technological friction in terms of usability, risk management, basic security mechanisms and seamless integrations.”
Tenzorum

8x Protocol is excited to announce our partnership with Tenzorum — the team bringing the infrastructure to allow every user to interact with decentralized applications across multiple chains. By collaborating with Tenzorum, 8x Protocol will be able to further mitigate the inherent technological friction by providing a seamless user-experience on the web 3.0.

Executor Completed

The executor contract contains majority of the logic of interacting with the various contracts in the 8x architecture. This is a big milestone as we’ve been working hard to develop all the other necessary components before finalising the executor. All code is thoroughly tested through our commitment to using test-driven-development practices. For those of you who aren’t technical, what it means is that our tests are written first and then the code to ensure they all pass.

Follow 8x Protocol’s technical progress on Github here: https://github.com/8xprotocol/contracts

Hi-Fi Designs Completed

After finishing last weeks low-fi sketches of the user-flow and payment-gateway screens.

The team has developed the hi-fi equivalents of the above with a strong focus on the UI/UX. The payment-gateway screens will be included in the MVP; users will be able to interact with the 8x payment-gateway when wanting to sign up for a subscription, businesses will be able to implement the portal into their existing gateways in order to accept recurring cryptocurrency payments.

The next steps for us would be testing the hi-fi designs for the “manage subscription” screens as well as prototyping our payment-gateway on a hosted server.

Hi-Fi Designs for ‘Connecting to your Wallet’ & Managing Subscriptions

If you have any feedback please feel free to reach out at hello@8xprotocol.com.

Aragon Nest Program Proposal

It is a matter of when, not if dAPPs and DAO’s will embrace the subscription economy.

At 8x, not only are we building an infrastructure to enable repeatable payments on the blockchain, but a stronger and more reliable Ethereum ecosystem. For dApps & DAO’s alike, 8x Protocol is able to minimise hefty overhead/admin costs (such as transfer fees) and also make DAO’s more accountable via recurring payments similarly to instalments during token generation — reducing the probability of the misuse of funds or an exit scam.

Check out 8x’s proposal here:
https://github.com/aragon/nest/pull/76

SydETH Meetup

SydETH is a meetup for developers, entrepreneurs, traders, investors and decentralists to discuss the potential of the Ethereum platform, the wider blockchain and crypto ecosystem, and to share or collaborate on blockchain-based projects.

Thanks to everyone in attendance — Kerman explained decentralised recurring cryptocurrency payments and how the subscription economy & cryptocurrencies will power a new economy. Major topics included:
* What are decentralised recurring cryptocurrency payments?
* Why are they necessary?
* How they are being solved with 8x Protocol.

Stay up to date with our community on our Telegram and follow our Twitter to stay up to date with our next presentations and meetups.

8x Payment Videos

Today’s consumer environment revolves around convenience and interaction. We are currently in the production of multiple videos that demonstrate 8x Protocol’s unique capabilities and use-cases in an array of scenarios.

Stay up to date with our content on Twitter and Medium.

Why Does 8x Need a Token?

Missing in our FAQ medium post was a detailed explanation of why 8x Protocol needs an 8x Token, an article has been published and back-linked to this article here:
https://medium.com/8xprotocol/why-does-8x-need-a-token-6bd72ce9cd31

Why Does 8x Need a Token? — The Claiming Problem

8x Protocol — Recurring Stable Payments on the Blockchain
8x is a protocol for facilitating recurring crypto payments without exposing consumers or businesses to the volatility of crypto currencies.

Website/Whitepaper: https://8xprotocol.com/
Twitter: https://twitter.com/8x_Protocol
Telegram Community: https://t.me/eightexprotocol
Reddit: https://www.reddit.com/r/8xProtocol/

Helis Network

DeFi made Simple.

Kevin Lu

Written by

Kevin Lu

Business Development & Growth | Band Protocol | Start-Ups & Personal Development |

Helis Network

DeFi made Simple.

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