INT Digital Asset Brief Report in the Second Half of 2020
The INT project (hereinafter referred to as “the project”) based on the principles of its transparency and traceability, the project will regularly disclose the use of INT digital asset to all supporters.
All digital assets issued by the INT Foundation, Internet Node Token (hereinafter referred to as “INT”) will be strictly in accordance with the Foundation’s distribution plan, mainly used for the construction and development of the Foundation’s community ecosystem, such as technology research and development, community operation and maintenance, business cooperation, marketing etc.
Overview of INT operations management
- Operation report in the second half of 2020
（1）Optimizing INT Mainnet 4.0
Technically, we have continued to test around the INT mainnet 4.0, and have conducted three rounds of the testnet 4.0 mining competition. Also, we continue to improve the performance of the test network, consensus and TPS.
（2）Trying to develop Defi
In the second half of the year, INT deployed EINT and HINT successively, and cooperated with other projects or companies to jointly explore decentralized exchanges, cross-chain swap, digital asset lending, stablecoins, and NFT. This has laid a good foundation for the ecological layout of INT mainnet 4.0 after its launch.
（3） Listing exchanges
In addition to the launch of MXC exchange, INT has also listed on the world’s largest decentralized exchange — Uniswap and BICC exchange.
2，Plan for the first half of 2021
（1）Developing INT Mainnet 4.0
In the first half of 2021, the main work is to fully develop the mainnet 4.0. At the same time, it will be compatible with Ethereum, BSC, HECO, OKChain, Polkadot and other mainnet ecosystems in the future.
（2）Promoting INT rebranding
Based on the INT blockchain brand in the IoT space, we will propose a plan to expand the INT brand, upgrade and transform the IoT public chain into a more comprehensive smart ecological chain, expand more possibilities in other areas such as DEFI and NFT, and will also release a new INT 4.0 white paper.
3. Digital Asset spending report in the second half of 2020
（1）Internet Node Token spending report by the end of Q4 2020
The total supply of INT is 1 billion INT and 39.72 million INT was burn. The distribution and spending plan of the remaining INT is as follow:
First Wallet Address: INT19cD9tsavv9hGZC2FT21RNcKifrbpoaeAM, which stores 207 million INT reserved by the Foundation, mainly used for Foundation-led R&D, technology iteration, project development;
Second Wallet Address: INT1K4NfkBGBVJgS9AWtpFxm49488nBT7iQeb, which stores 67 million INT, mainly used for marketing and business cooperation of the project;
Third Wallet Address: INT1LFQdd3t6Bnaz7TgiXkrXVQ8b2c99Y7zt1, which stores 30 million INT, mainly used for strategic investment on third parties, development of partnerships and other issues;
Forth Wallet Address: INT14AVRo1EZtEtGMA1zAsEAvm1MKbKK4hqQZ, 89 million INT is reserved in this address, mainly used for community ecosystem construction (such as community developer incentives, application incubation and various activities);
Fifth Wallet Address: INT1PwgEZz8FhQFcrQFJf7AshfTTCgGsvZF8v, 70 million INT is reserved for the team. And INT Foundation released 30 million INT on January 19, 2020, all of which will be used in node voting, and will be locked for more than half a year.
（2）BTC spending report by the end of Q4 2020
By the end of December 31, 2020, INT Chain used a total of 30 BTC (BTC anchor price: 100,000 RMB), which reduced by 40 BTC than the budget. And the results exceeded expectations.
The details are as follows:
（3）Budget for Q1 2021-Q2 2021
In the first half of 2021, the estimated expenditure of this project is about 15 BTC (because some expenditures are anchored to fiat currency, the final actual expenditure will change with the fluctuation of the BTC market price), including but not limited to:
INT Foundation
March 31, 2021
