RioDeFi
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RioDeFi

RioDeFi Weekly Newsletter #5

In this video, James Anderson, CEO at RioDeFi shares the latest company’s news. It includes the results of the Giveaway campaign, the announcement of a new partnership and an update on the DeFi market.

You can find the video on our Youtube channel. Dont forget to comment, share or subscribe to our channel if you like it.

This is the fifth weekly update video newsletter we are recording at RioDeFi office here in Hong Kong. Today I am going to share with you our latest corporate news which include :

  • the results of our Lucky Draw campaign that was running from October 30th to November 2nd;
  • more details on a new strategic partnership that was announced earlier this week with Kylin Network and how it will benefit the RioChain ecosystem in the long term;
  • I’ll briefly touch on the release of our binary code so you know where to find it;
  • I will also give some brief comments on the current DeFi macroeconomic climate

But first let me introduce myself for those who are new on this channel: I am James Anderson, CEO at RioDeFi. RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Headquartered in Hong Kong with a teach team in both, Shanghai and Bielorussia, we are growing our operations with team members all around the world. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

The results of RioDeFi giveaway campaign

On Wednesday, we released the list of 127 winners following a Lucky Draw we organised to celebrate the launch of RioChain main net and beta version of RioWallet last month. The list of the winners can be found on Medium, here. For privacy reasons and to stay within the spirit of blockchain and decentralized finance, we only listed part of the RioWallet addresses of the winners. Prizes range from 1,000 to 50,000 $RFUEL with physical goods including an i-Phone 12 pro and 20 Nano X Ledger hardware wallets branded with the RioDeFi logo on them.

We have also sent an email to each of the 127 winners on Friday so don’t forget to check your inbox (and junkbox) to ensure thart you have this email if you won, especially if you won a physical prize.

By now, ALL the participants to the campaigns (even those who did not win) would be receiving at least $RFUEL 10 for free on their wallets. Please login to check and once that happens, you can take a screenshot and share in on Twitter with the hashtag #RioWallet to show some support!

We are extremely happy by the engagement this lucky draw generated. More than 6,000 people created new RioWallets. Thank you as this serves as an excellent motivation to our team to continue developing fantastic products.

New Strategic partnership

I am pleased to announce that RioDeFi is engaging in a strategic partnership with Kylin Network, an advanced decentralized data feeding protocol powered by Polkadot. This is going to enable us to have access a comprehensive suite of analytical tools including business intelligence matrix and machine learnings tool, and help any developer who build dapp on RioChain to be able to analyse what is happening on the back end of those applications in a more simple, clear and efficient way. Through their developed query engine and REST server, we will be able to extract data from various applications on the RioChain to ensure reliable, secure and cost-effective data can be transmitted to the community that uses the applications.

We will be sharing more detailed information about this partnership with Kylin Network in the coming weeks including a video commentaries with Kylin Network’s CEO.

Binary code released on our Github

As of today more than 520,000 blocks have been generated at an average rate of 1 block every 2 seconds. The binary code for RioChain can be found on our Github and any developer can run a node on RioChain to test and sync the data on the blockchain. This is not a validator node but a data sync node that allow you to get a copy of the transactions history, run that and maintain the network history. Feedback is always welcome, and you can reach out to us on our Telegram group.

Market Update

The DeFi market had been experiencing a severe correction since the end of September when the price of bitcoin started to rise again. Many tokens lost more than 50% of their value since that timeframe; however, we are happy to see that many tokens are now rising once again. Bitcoin itself is up to nearly $16,000. The DeFi market as a whole is still showing healthy signs of healthy growth including over $15.55 billion dollars worth of value blocked in DeFi protocols.

This is still the early days for RioDeFi, so thank you for being with us as we grow. We are always keen to receive feedback, so we’d love for you to leave us comments below, like this video, subscribe to our channel, and join our Telegram group @riodefiofficial.

That’s all for this week. As always, we appreciate your support!

About RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

Should you have any questions, please join the conversation on our social media, Telegram and Twitter .

To learn more about the latest developments regarding RioChain, visit: Riodefi.com

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RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems

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