LYZE Bi-Weekly Report #4

Published in

LYZE

4 min readJul 17, 2019

Dear Community,

LYZE will share its latest progress in development, business, media coverage every two weeks. Our bi-weekly report will be available on every other Tuesday.

[Development] (https://lyze.ai)

Completed:

Adding support for user registration / log-in feature on the forum

As of July 15th, the LYZE platform added support for user registration. Anyone interested in posting on the forum can now sign up by simply clicking on the “Sign Up” tab on the top right section of our website.

Registered members can freely post on the forum, providing their insights or other various opinions about the cryptocurrency market and the industry in general.
In addition, users can include LYZE’s on-chain data in the form of a graph, and other types of data in the form of a external image, or link. Every user-submitted contents can be liked, commented, and shared externally to other third party websites.

We would like to kindly ask all of our users to freely submit and exchange their meaningful insights and analyses based on on-chain and other various types of data.

Transaction Volume Indices for Klaytn’s Bapps (Blockchain Applications)

Users can now view the transaction ranking of Klaytn’s Bapps, selected by the on-chain volume of each token as of July 15th.
Klaytn is a blockchain platform developed by GroundX, a subsidiary of Kakao corp. As a service-centric blockchain platform, Klaytn has been recognized as one of the leading projects in the Korean blockchain industry, recruiting partners in various industries that includes other subsidiaries of Kakao Corp.
While some emphasize temporary price fluctuations of the Bapps, it is imperative to measure the actual usage of these Bapps. In order to this do this, one should look at the “on-chain volume” of each Bapp. For example, if the on-chain volume of a Bapp is significantly lower than the total transaction amount traded on the exchanges, then one should be concerned for the safety of the Bapp.
As the launch of the Klaytn’s mainnet is just around the corner, LYZE looks forward to providing a general overview of the Klaytn’s ecosystem with this offering.

In Progress:

Analytics:

Development of Volatility Indices for BTC, ETH
Account-Related Analytical Contents

Platform Development:

Daily ETH Data Update
Adding support for BTC
UX/UI Improvements for Better User Experience

Planning Platform Operation Strategy:

Upon commencement of the forum, LYZE will continuously update cryptocurrency contents, including analytical reports, provided by both the LYZE team and independent domain experts.
LYZE is also in preparation of developing essential educational materials on on-chain data analytics to help users better understand the use of the data.

[Business]

-LYZE entered into an agreement to supply Upxide on-chain data

LYZE agreed with the Upxide cryptocurrency exchange to provide its cryptocurrency on-chain data and indices on July 5th. LYZE sincerely hopes its on-chain indices provided to the Upxide exchange help investors to make reasonable investment decisions by taking them into consideration with the other available market data.

-Collaboration with MakerDAO and LYZE

LYZE announced collaboration with MakerDAO, the foundation behind Dai, the world’s leading decentralized stablecoin collateralized against crypto assets on July 11th. Both organizations shared a mutual understanding of the importance of transparency and on-chain indices and look forward to diligently creating a healthy cryptocurrency ecosystem together.

[Media]

Upxide Exchange to Provide LYZE’s Investment Data
(Financial News)

[Token]

Total Supply: 1,000,000,000 LZE
Circulating Supply: 325,532,321 LZE

Under any circumstances, there will not be any unauthorized release of the tokens into circulation except for the sales portion of the tokens (30% of the total supply). In case there is a plan to release the tokens into circulation, LYZE will share its plan and the underlying justification with the community in advance.

Thank you,
LYZE Team

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