Merculet Report, Phase One: Updated to May 25, 2018

Merculet

Since the formal launching of the Merculet SaaS platform and Simplet on May 11, we have repeatedly gained traction and received effective suggestions from partners, enterprises and community supporters. For Merculet’s first summary report, we compiled materials including: important news updates, product development progress, and community activities during the first four weeks of May. After that, Merculet’s editorial team will send everyone a bi-weekly newsletter to update any progress we make in the hopes of bringing the latest and newest Merculet information to the friends who are following us.

- News Update -

1.On May 3, Merculet’s North American headquarters was established and formally entered the New Silicon Valley Offshore Incubation Center. Both entities will jointly strengthen the fintech field in North America，and construct the development pattern of “U.S.-North America-World”.

2. On May 9, Merculet entered a Strategic Partnership with Silicon Blockchain Project 0chain. These two parties will cooperate in the token-based operating mechanism. This will be a conduit for building a community of developers and users, create a global developer community, and pave the way for the sharing of resources.

3. May 11th (PST, USA), Merculet SaaS platform and Simplet went online. This was one month and a half earlier than the scheduled time for the White Paper.

4. On May 19, six companies entered the SaaS platform for testing through invitation code. These companies focus on a variety of businesses, such as vertical e-commerce, application store platforms, travel applications, and information applications. During the testing period, those who participated in the beta made insightful comments on the functions of SaaS platform. On the basis of their opinions and suggestions, our product team has been iterating products several times to further optimize their functions.

- Product Development Progress -

1. SaaS Platform Alpha 1.0

Functions launched on May 11th include:

• Access to enter the platform: multiple accesses to enter SaaS Platform are open to enterprises.
• Entering procedure for enterprise and application: rapid application of entry required by enterprises and their applications is supported, but the experience of developers customizing access still needs to be improved.
• UAV assessment engine: Real UAV assessments for users can be performed rapidly through a series of event rules. The evaluation criteria will depend on the actual operational needs of the enterprise, and will support the creation of UAV rules from multiple composite dimensions.
• UAT management incentive: Enterprises are supported to customize and publish their own UAT, as well as to set UAV rewards in order to encourage the creation of UAT activities.
• Application service: enterprises can apply for different application services according to their needs. Currently, question answering applications are provided.

Function iteration on May 19th:

• Added new event rules
• Support UAT rewards under different rules
• Improved the functions of question answering applications

2. Simplet Alpha 1.0

Functions launched on May 11 include:

• Enterprise application on board: Application assets owned by enterprises can be introduced into the Simplet system and be utilized there.
• Token asset management: Assets can be evaluated completely on the basis of the circumstances of the market, and be traced back to see the details. Also, the red packet function is developed.
• UAT asset management: UAT supports the aggregation of assets that belong to different enterprises’ applications through binding. At the same time, these UAT assets can be traced and viewed in detail, and UAT can be converted into a token.
• Payment function: several payment functions required when participating in application activities or related services are provided, which include creating and modifying payment passwords, as well as tracking payment capabilities and status of digital assets.
• Application and service: at the current stage, there are some activities on the platform, such as question answering. More application services are to be introduced and developed.
• Account services: a series of functions concerning associating and binding accounts are provided.
• Other basic functions: language and currency choosing function, and an easy access for users to give feedback

Function iteration on May 17th:

• Updated the payment and account security system
• Fixed some of the logical issues of program invocation concerning payment

Function iteration on May 24th:

• Token digital asset management: recommended services and applications are now available
• Added additional user access tunnels for 16 countries
• Token asset withdrawal test is smoothly passed, and new improvements have been made

- Community Activities -

1. On May 12th, Cheng Hui, Head of Global Business Development at Merculet, was invited by Mars Finance to attend Mars Finance China Line’s exchange activity — Shenzhen Station Line. He gave a keynote speech on “ Launch a new era of the internet”.

2. On May 19th, Egret Technologies, Egretia, and Merculet jointly organized the Blockchain Gaming Summit Beijing 2018 in Beijing. This was the first time, after the Merculet’s product went online, that the company has shared its experience of how its tokenized operation is applied to problem-solving for customers in real cases. This strongly appealed to guests and to the audience on site and encouraged many game developers to express their desire of building partnership with Merculet.

- About Merculet -

Positioned as the Chief Growth Officer of Global Entrepreneurs, Merculet is committed to helping Internet enterprises tokenize their operations quickly through turnkey solutions, creating higher quality products for companies and users, and redefining production relationships.

As a portal for millions of Internet companies, billions of internet users, and budgets worth hundreds of billions of dollars to enter the era of blockchain, Merculet hopes to work with global strategic partners to restructure the entire Internet’s traffic before fully realizing distributed commerce.

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