Welcome to week seven of KingDeFi’s regular feature article, in which the team provides development updates for the benefit of our beloved Knights. We hope you all enjoy the series and get a lot from it as well.
Week ending 13/8/2021
The past week was also full of interesting news and additions.
The main things were:
- New security advisor joined the team
- CEO’s bi-weekly article
- New projects added to Main Dashboard
- Double Rewards Contract Audit timeline update
- Website update
- Multi-chain integration
👨🎓New security advisor joined the team
In preparation for the security milestone in September we brought in a CyberSecurity expert as an advisor.
KingDeFi team keeps growing!!!
Welcome Sir Safir!!⚔️🧑💻🦾👇
Location: Italy
Experience: 10+ years
Sector: IT, Research, Cybersecurity
Education: Bachelor degree in Computer Science, MSC in Computer Science, Ph.D. Information System Security
Background firms: Trend Micro, SAP, BMC
Programming languages: ASM, Bash, C/C++, Java, Perl, Python
Read the whole article here.
👑 CEO’s bi-weekly article
In the second biweekly article written by our CEO, we dealt with a very important topic.
In this article: Multi-chain bridge
In this article I will try to explain (without going too much into technical detail) what exactly a multi-chain bridge is, why we believe this is a good approach for KingDeFi holders and for the underlying token economics.
If you haven’t already done so, don’t miss reading the whole article!
📊 New projects added to Main Dashboard
We are always selecting and adding new projects to our Main Dashboard, both from BSC and Solana.
This week we added:
BSC: Planet Finance, WikingSwap, ManySwap, ZeroSwap
SOLANA: Orca, Saber
🔹Price
🔹Price 24H%
🔹Circulating Supply
🔹Market Cap
🔹Total Value Locked
🔹TVL 24H%
🔹TVL Ratio MC/TVL
👷♂️ Double Rewards Contract Audit timeline update
We have finalised double reward smart contracts, for the one who knows solidity here you find the link to Github.
We did our part as promised.
Unfortunately Certik has no availability till 26 August, we therefore booked the slot with them to review the contracts in full for this date.
We understand some of you will complain as they expect this feature to go out next week, but we will need to wait a bit more, SECURITY for us comes as a FIRST PRIORITY.
A lot of other projects don’t apply full audit to new contracts when the basis is still the main farm contract and they make changes.
We have a different approach to risk management at KingDeFi and we decided to review everything in each detail with our auditors.
We hope you understand and share the same view. It is our responsibility to ensure all funds stay 100% safe.
🖥 Website update
In response to a request from the community, we have decided to make the price, TVL, MC and all APRs values visible even to those who do not connect the wallet or are connected via mobile.
We have also introduced an iframe view of the chart of our token as shown by BoggedFinance. We believe that this platform offers a cleaner interface and less advertising than PooCoin. You can access the dedicated page from the menu.
Unfortunately the information about the Circulating Supply and thus the Market Cap is wrong. We have contacted the BoggedFinance team, but they do not seem to be able to change the error, although we have provided them with the API which returns the correct Circulating Supply.
So please refer and rely only on the values and charts on our site. Here the Market Cap (Circulating Supply * Price) and the Fully Diluted Market Cap (Total Supply * Price) are clearly shown. We are working with them to apply the correct calculation.
From this week you will find the whole team listed on the website with their CV and a small avatar.
🤖 Multi-chain integration
We are working hard on multi-chain integration, we have already started to integrate the bridge smart contracts and also to prepare multi-chain token contracts. Implementation will be done in the following order:
ETH →POLYGON →HECO →SOLANA
The Wrap
It may seem to you that not much has come out this week, but in fact the team is working on other important partnerships for the growth of the project. I mean strategic partnerships related to technology development.
The team also really values our community and always love to hear your opinions and feedback. We look forward to hearing more from you all in the great discussion going on with our awesome mods in the community chat.
