Newsletter, May 18th
Following our AMA session, we figured out that you want more frequent updates on the project and the processes undergoing during the development. You voice your opinion — we listened, and now we will publish weekly updates! Let us dig in what is happening within the project, what has been done, what needs to be done, what are the challenges we encountered on the way.
In this particular newsletter, we will focus on the development of Jarvis Wallet and Jarvis Exchange and some possible future business advancements.
Jarvis exchange:
For now, we had some difficulties in integrating the API of the liquidity provider; first, the jet lag… our developers are in Vietnam, so we have only a small window to work together. Then we needed to reboot our setup because our server hosting Jarvis Exchange had a non-static IP, whereas the liquidity provider requires a static one.
And finally, some technical complications (for the one who knows, we had issue parsing the Fix API and needed a NodeJS parser); we keep working on it, but it created some delays in our implementation of the liquidity provider. Next week, we will have to make conformance tests (standard procedure, made by OneZero, to test our performance). Such tests have to be conducted before we can proceed with the API integration. We are now waiting to schedule this test. After the test, if it is a success, we will be able to start the API integration, finally 😊
All these procedures do delay the API integration, but it does not affect our work on the interface, and we will be able to show you some screenshots in the next weeks.
As we stated before, the version of the exchange will be alpha one, so many cool and amazing features such as partial close, modifying SL on the chart, etc., will not be present. Do not expect a crazy platform; good things take times! The main important thing for us is to test and see that everything works smoothly “behind the scene” before to engage ourselves in cosmetics changes.
We have also been discussing with Spotware to measure the feasibility of using their solutions (the famous cTrader platform) with our setup. It is, in theory, possible, but it will have to go through a CRM solution. The smart-contact of the exchange will act as a payment solution, and in that case, cTrader will be able to work with the Jarvis Exchange.
This opens the door to many other platforms. Such integration would allow us to connect to MT4/5, Pro Realtime, TradeStation, etc. We did not plan on building such CRM in our roadmap as we did not intend to connect Jarvis to other trading platforms. But we did realize it is essential to provide many platforms to attract more users. We will not develop such CRM (it is a huge work, that could take a year or more) so we will start exploring all the existing solutions at the end of the year.
Jarvis Wallet:
Following week we had one more discussion with ETHworks, as we presented to them the final design and user flow so they will give us the estimated time in the next one-to-two weeks. Likewise, the exchange, the first version of the wallet, will be alpha one with very limited features. If everything goes according to our expectation, this summer, you will be able to start using our cool onboarding process, designed for the non-crypto people.
Unfortunately, the first iteration of the wallet will not be upgradable, and the sole purpose of it is to test and play with it with “pocket money” or on the ethereun testnet. Then during the summer, we will do several audits on the smart-contract. After the audits are done, we will deploy a new wallet with basic features, and adding more throughout the years: the fiat gateway integration first, then the dapp browser, the defi tracker, Celsius, and then finally build some services on the top of the best protocol such as MakerDAO, compound, uniswap, etc. then we will focus on integrating centralized exchanges so users could track their portfolio and trade on the exchange of their choice.
For the front-end, we took quite an audacious decision and decided to go with the Flutter framework and the Dart language. The idea is to have 90% of our code reusable regardless of the platform (iOS, Android, MacOS, Windows, Linux, or web-browser). It took us 4 months to finally decide. We explored React Nativ, then Xamarin, we did some researches, spoke with so many developers, watch hours of videos… we fell in love about Flutter, a framework that allows all the things we want. The small obstacle, however, is that the framework itself is pretty recent; therefore, Flutter senior developers do not exist. But it is the technology that we want to bet on, and we see this as an excellent framework for our project. And to be fair, any good developer can get accustomed to it quite fast.
We actually would like to attract new developers who want to experiment with this framework backed by Google.
And since we are talking about the developers, we would like to welcome our new developer on the team that joined us recently and already working hard on the development of the UI for the wallet, using Flutter framework. For the upcoming weeks, they will mainly focus on creating evening around navigation and making the prototype.
Business updates:
We still do discussions with many protocols and potential partners, but as for now we can not provide you with the names yet, but so far this week, we spoke with three protocols. One of which is focused on the decentralized synthetic assets, the second protocol is for lending and the last one for the tokenization of gold. These three projects will most likely join our partner list to provide more value to the user base of the projects.
One of the use cases can be: We use their token as collateral at our exchange to trade stocks, forex or crypto.
That is it for now. See you next week with more exciting news!
Vsevolod.
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⛔ Risk Warning: Investing in digital financial assets involves a high degree of risk and volatility and is not suitable for all investors; do not risk more money than you can afford to lose. Please consult an independent professional financial or legal advisor to make sure the product is right for you.
⛔ Disclaimer: This article contains text, data, graphics, photographs, illustrations and information (“Information”) connected with Jarvis International and/or other entities part of the Jarvis group ( “Jarvis”). Jarvis attempts to ensure Information is accurate, however, Information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The publication of this article does not represent solicitation by Jarvis of buying the token “Jarvis Reward Token” and is not to be considered as a recommendation by Jarvis as to the suitability of any investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. Jarvis accepts no liability for the results of any action taken on the basis of the Information.
