Dear Community,
Per our community’s wishes, LYZE will share its latest progress in development, business, media coverage every two weeks. Our bi-weekly report will be made available on Tuesdays of the second and fourth week of every month.
[Development]
Completed:
- LYZE Data Center
- LYZE Platform Closed Beta
- Extraction of basic data based on time series
- Development of on-chain indices: LYZE CSI, AAI
LYZE CSI (LYZE On-Chain Sentiment Index): It is a weighted average index developed by LYZE that collects and rolls all transactions that occur on the blockchain at regular intervals to provide a quantified score based on the key parameters.
The key parameters are the number of new accounts, the number of active accounts, the total number of accumulated accounts, assets by account, and estimates of valuation gains and losses by account, which are calculated to provide a base line score of 50 or less for price drop, and 50 or more for price rise.
LYZE AAI (LYZE Account Activity Index): Daily Active User (“DAU”) metrics are typically used to evaluate the value of a service or business in any given industry. LYZE AAI is a cryptocurrency-specific version of DAU, developed by LYZE, used to indicate whether wallets of a given cryptocurrency’s blockchain are active along with the count of new addresses and the count of active addresses.
- Additional development of indexes using on-chain data, such as NVT ratio.
In progress:
- Adding support for BTC on the LYZE platform
- Adding support for additional ERC-20 tokens on the LYZE platform
- Continuous development of additional indices on the LYZE platform
We would like to announce that the LYZE platform is now open-beta. We kindly ask our community members to try it out and give feedback as much as possible.
Thank you,
LYZE Team
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