2019 April 22 Monday Update
Greetings again from Proof Suite!
Apologies for the long pause on company updates. We have been hard at work building out the AMP ecosystem and planning the next steps we should take.
First, as anyone who has been following our discord may have noticed, Mike and I have switched positions. As of now, I am the acting CEO of Proof Suite.
For all fans of Mike De’shazer (and if you aren’t, that’s a personal problem you need to get checked out), do not worry — Mike, David, and myself still work and speak to each other every day as we continue to push Proof Suite into becoming the best company it can possibly be.
Likewise, Mike is now working behind the scenes on technology, network, and research at Proof which is awesome because we have been in need of his stellar coding and algorithm architecting capabilities. He is still instrumental in the success of Proof Suite and will continue to contribute here and all over Proof’s network of products and initiatives. For instance, this week Mike and I will be continuing our Proof-of-make videos which allow us to summarize and showcase some of the insights our ongoing research have yielded.
What the future holds for the company and its future will be highlighted in the rest of this post. But to summarize, we are now working on unifying the three pillars of our product offerings into a combined Assurance-based blockchain system around the PRFT utility token. With this comes a fair amount of business development, partnership building, technology development, market maturation, and time. We thank all of you for bearing with us through the bear market.
Currently, we are running three platforms: Togen, AMP, and Avocado. Moving forward, we are deadset on unifying these three platforms into our interconnected ‘AMP Ecosystem’ with the PRFT token acting as the utility-token fulcrum of these products.
We are ultimately working towards finding connection points between these three platforms and utilizing both our and other offerings to create a unified end-to-end platform which will grow and iterate with the industry. It has been and will continue to be an uphill battle to bring blockchain-enabled assets to maturation but we think Proof Suite is in an excellent position to be instrumental in this endeavor.
Through 2019 so far, the team has been debating, researching, and building towards the future and are excited to unveil the first steps to creating a truly assurance-based blockchain system. Proof is still a firm believer in the possible utility-cases for tokens. Despite the challenges brought forth by the crypto-winter, the insecurity of many offerings, and the well documented slowdowns in the industry, we hold on to the the possibility of utilizing tokens to fuel use-cases.
We are happy to announce that PRFT will be allowing token holders to have access to the premium features of all Proof platforms.
On Togen, this means all token-holders can generate assets for the cost of a to-be-announced basket of PRFT. This way, token holders can generate blockchain-enabled assets by leveraging PRFT, enabling a fully decentralized utility-case from which we can further unify the three platforms. We will be implementing this feature sooner than later. Keep an eye on here for the announcement.
Likewise, any assets, whether generated on Togen or not, can be listed on the AMP platform for PRFT as well. This allows PRFT to begin powering the next step in the ecosystem. As we build out more partnerships across multiple fields, the AMP platform will also expand.
Third, on Avocado, we will eventually accept PRFT for users who are looking to get a rebate on Institution-level access to the Avocado Terminal. In the future, we will be building out verification, staking, and market information opportunities on that platform as the regulated STO space matures. This will allow users to view and analyze institutions and their offerings in real-time.
As protocols and application layers expand in the industry, we are brainstorming further uses of PRFT. Some of these include allowing hodlers to easily participate in any upcoming Staking-as-a-Service offerings we may roll out in the future and powering the asset validation and user-submitted data gateways we are planning for Avocado.
Any suggestions are welcome and we ask anyone in the community, old-gun or new, to contribute in either our Discord or Github. As with everything, we are regularly taking calls and emails from the community.
We are in this together. As we get a better sense of where we can provide the best value moving forward I will be publishing any roadmaps, notices, and big announcements on here.
Finally, for any further updates, keep an eye on this blog as I am making a commitment to begin doing weekly updates here about what we have been working on towards the technical and business cases.
For any questions or concerns, do not hesitate to contact me at tai@proofsuite.com.
