Newsletter, June 2nd

New week — new newsletter. We are continually working on the tasks we outlined previously. It is time to share an update on those processes.

Administrative

As we mentioned in our last article, we will move part of the operation to Bulgaria, more specifically — liquidity-providing operations. So now we are preparing all the documents to make a contract with the liquidity provider. At the same time, we have talked with the lawyer in Estonia (we mentioned before that we wanted to get an Estonian exchange license), and the law regarding crypto licensing will be changed, but probably after the summer. Therefore we still have a small window of opportunity to apply now and go through the “easy” applying procedure.

Wallet

We continuously work on the UI and UX part of the beta wallet, especially the DeFi tracker and Dapp browser. At this moment we are waiting for an answer from our ergonomic advisor, and his feedback on the job done. Meanwhile, our developers are working on the “registration screens” of the alpha version.

Exchange

While we keep making progress on the UI, this week was mainly about reworking on some UI issues and minors bugs. Unfortunately, we have not solved the issue of the API, yet…

This so far has been the shortest of all newsletters, but keep in mind that most of the tasks take time, as we want to bring an exceptional product to the market.

Thank you for your time, and have a great weekend!

Vsevolod.

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