Mercury in 2018 — Q2

Andrew Hunt
May 9, 2018 · 6 min read

Introduction

Hello everyone, this is Mercury Protocol’s Head of Strategy, “G”, checking in with a quarterly update for Mercury Protocol in 2018.

Jupiter (also known as Zeus,) was the king of the gods. Just as he was the precursor to all, these first critical steps in the Mercury project will set the technical foundation for years to come.

Jupiter Phase Highlights

  • Expanded our team to increase project throughput
  • Filed to get GMT on Apple’s list of approved tokens for App Store
  • Developed a method for paying user transaction fees with ERC20 tokens
  • Reduced gas fees to scalable numbers for micro-transactions
  • Architected methods for storing and accessing data for use within Broadcast and other apps — starting with user profiles
  • Increased developer relations for Mercury Protocol
It is said that Mercury (also known as Hermes,) lent his winged sandals to Perseus to help him defeat Medusa. Similarly, in this phase we will begin working with other development teams in earnest to build a network capable of going toe-to-toe with the current titans of the communication industry.

Upcoming Perseus Phase Updates

  • Release Dust 5.0 including GMT-powered features (iOS, Android, +Web)
  • Design client and backend frameworks for easier third party integrations
  • Develop Broadcast app with blockchain-based user profiles
  • Technical KYC solution for users to withdraw GMT from their Mercury wallets
  • Research and develop machine-learning defense solutions to malicious manipulation of GMT rewards and user reputation mechanics
  • User Growth Pool grants to users of Dust and other integrating apps to continue to grow the Mercury network
This phase is named after Mars (also known as Ares,) the god of war, as it marks the readiness of the Mercury Protocol technology to undertake the global campaign to displace the traditional advertising based revenue model of communications.

Future Mars Phase Updates

  • Release Broadcast beta
  • Abstract the protocol from Dust to make it application agnostic
  • Develop iOS, Android, Web, and backend frameworks for easier third party integrations and faster network growth
  • Improve documentation to onboard new developer teams
  • Solution for users and other developers to easily convert GMT to fiat to reduce time to revenue flow
  • Develop bug bounty system to incentivize peer review of the protocol
  • Host a hackathon to promote innovative product ideas based on the Mercury Protocol
  • Evangelize the protocol at developer conferences around the world to spread awareness and collect developer and user feedback

What’s Coming Next?

Dust 5.0

Why Relaunch Dust?

Optimizing Dust for GMT

When Are You Relaunching Dust?

August 2018

What About Blockchain?

Laying the Foundation

Where is GMT (mainnet)?

Coming Soon

Conclusion

In undertaking an enterprise as massive as reforming social media, it is critical to give the proper attention to each of the individual project components necessary to succeed. In our case, the Mercury Protocol demands sustained excellence in underlying technology, business partnerships, and public interest. Of those three factors, business partnerships and public interest are rendered null if the technology cannot deliver.

Connect

The channels below are announcements-only as of April 13th, 2018.

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