New Year Speech by Head of INT Chain China — Freddy Yin
Hello everyone!
Time flies so fast. 2019 feels like it has just begun, yet it is about to end.
As 2020 arrives, I extend my best wishes to all community members!
2019 was the first year INT Chain entered mainnet era, and our efforts have achieved great results.
In terms of technology, the INT Chain mainnet is about to celebrate its first anniversary.
From the mainnet 3.0 launched in January to the release of the testnet of mainnet 4.0 in November, we have completed a new IPBFT consensus algorithm and P2P network.
The mainnet TPS has increased from 2000 to 4000, EVM compatibility has been implemented, and non-interactive zero-knowledge anonymous transactions have also been researched.
We are gradually becoming one of the best public blockchains in terms of our capabilities and potential.
In terms of the INT ecosystem, we released the INT Chain Official Smart Wallet and implemented some Defi applications within the wallet. More IoT and public welfare DAPPs are also under development. It is encouraging to see INT Chain’s ecosystem taking shape.
Our second physical product, the OBD intelligent driving terminal, was officially released and selling has commenced. the OBD device is expected to achieve good sales revenue in 2020.
In 2019, INT Chain expanded into an important area of the Internet of Things by investing in and incubating ROAD. ROAD is a distributed IoV economic system based on the auto ledger that successfully launched OKEx Jumpstart on November 14.
In June, the global community of INT Chain was fully launched. The Titan plan, community partner program, global ambassador program, and promotion bounty are some examples of the initiatives that drove our community’s success in 2019. In collaboration with the global community, French, German, Dutch, and Spanish communities have been established. I am very happy to see there are so many people from so many regions around the world supporting and contributing to the construction of INT Chain.
According to the data, as of now, the staking of INT Chain nodes has reached 270 million INT, accounting for 62% of the entire circulating supply. INT Chainhas become one of very few projects with a staking rate exceeding 60%, ranking fourth in all blockchain projects.
Regarding INT’s finances, we adopted a prudent financial strategy in 2019, reducing expenditures and creating a variety of revenue streams. As of 2019, we have not released any of the team’s tokens and continue to adopt a cautious approach to any INT denominated expenditures. Our goal is to preserve the financial viability of the project for longer.
In 2020, we will continue to improve the research and development of INT ，so that we can meet the commercial needs of different vertical fields in the IoT blockchain industry. In addition to this, we will focus on two other main themes in 2020. The first is the construction of a business ecology, and the second is the construction of global team of INT Foundation.
In 2019, we didn’t lose sight of our original intentions and we executed them with conviction. In 2020, we are full of enthusiasm and will continue to work with you to make INT the best IoT blockchain project in the world.
Best wishes to everyone.
Head of INT Chain China
Yin Xiangyu
