A Year in Review — RiveX
A review what RiveX has accomplished over the last year
2019 was a monumental year for RiveX, marking some major milestones as the project progressed throughout the year. The RiveX team has been working around the clock to deliver products first, and ask questions later. We believe 2020 will be an important year for not just the DeFi space, but the blockchain industry as a whole. We have paved the way to ensure we deliver what was promised to make a huge impact in the DeFi space in the new decade.
Let’s take some time to reflect on what RiveX achieved in 2019
RiveX announces first partnership with Wanchain
Why build on Wanchain?
Building on Wanchain’s private chain known as Lanchain will allow dApps built on RiveX to seamlessly connect to Wanchain’s public chain anytime they need. This will enable cross-chain communication with other blockchain protocols like Bitcoin and Ethereum, as well as Wanchain’s upcoming integration, EOS, which is scheduled for Q1 2020. Below are some of the key features of Wanchain’s private chain.
- Privacy Protection
- Cross Chain Capabilities
- Rapid Deployment
- High Performance
- Highly customizable
RiveX network has its very own dedicated features which leverage on Wanchain’s interoperability and capabilities. Interoperable and scalable decentralized applications, enterprise solutions and decentralized finance from Wanchain or any other protocols which Wanchain has already connected with can easily be built or integrated on RiveX network.
RiveX intends to provide developers, enterprises and applications with the ease of integration into RiveX’s ecosystem via its robust SDK and API library. Developers or enterprises are able to design and develop or migrate their solutions to RiveX’s ecosystem with ease. Dapps built on other protocols have the option to leverage on the RiveX network or simply migrate over to RiveX and take advantage of the features provided.
RiveX also joined Wanchain’s Galaxy Consensus validator program enabling WAN delegation services to WAN holders around the globe.
For more info, see here.
RiveX Announces Partners and Investors
Cardinal Capital is Asia’s leading private investment firm focusing on early-stage technology companies. Inaugurated by a group of startup and technology enthusiasts, they are committed to ensuring that their investments drive positive social, environmental and community impact. Their investments focus on strong and sustainable technologies, production, research, consumer products and services. This cross-vertical investment approach seeks to create an eco-system that enables synergistic partnership for the startups and entrepreneurs across Asia, to thrive exponentially in terms of growth and innovation.
Consensus Lab is one of the largest venture capital in China’s blockchain industry. It has a few subsidiaries which include Consensus Investment Fund, Consensus Quantitative FOF and Consensus Industry Alliance Fund. Consensus Lab primarily invests in blockchain-related platforms and infrastructure projects. The founder and team members run one of the biggest blockchain media in China called Mars Finance. Some of the notable projects they invested in are Fcoin, FTX, Celer, Ankr, QuarkChain, Nervos, Klaytn, CoinSuper to name a few.
WeWork FinTech Labs
Located in the heart of London, WeWork Fintech Blockchain Labs empowers the next generation of fintech and blockchain startups. WeWork Fintech Blockchain Labs is home to startups from ideation to Series A funding, both pre and post accelerator. It also helps startups with customized support to early-stage founders seeking to optimize business growth. Some of the mentors involved in WeWork Fintech Blockchain Labs are from Pantera Capital, ConsenSys, Binance, etc to name a few.
WanFund is Wanchain Foundation’s token fund to primarily help accelerate inspiring blockchain startups and promising teams globally. WanFund seeks to combat the lack of opportunities faced by potential projects by fostering the growth of top-tier companies with stellar teams, forward-looking ideas, and promising technologies that bode well with Wanchain’s strategy and ecosystem.
Read our Partners and Investors article here.
Tech & Product updates
The RiveX wallet will be the core component of the WRDEX. Users will be able to access the DEX from all platforms using the RX Wallet, as well as WanMask, the Google Chrome Web extension. Ledger and Trezor hardware wallet support are in the midst of integration. Users will be able to store their assets on a connected Ledger or Trezor for added security in the future. RX wallet also features multiple asset storage as well as a shared wallet account which enables users to create or join an existing shared wallet. The idea of a shared wallet is similar to that of a multisig wallet. You can learn more about multisig wallets and the benefits of using one here.
Learn more about the RX wallet here.
A preview of the WRDEX integrated with the Rivex Wallet. Users will be able to access the WRDEX from within the Rivex wallet or browser (browser wallet and WanMask extensions supported)
More info here.
RiveX Website 2.0, Whitepaper 2.0 and Commercial paper 2.0
We recently released a totally revamped website and documentation.
EROX — Featuring xOffice
Enterprise File Share and Sync — (EROX) is a product by RiveX under the BaaS model which comprises of an online office suite, featuring tamper-proof digital signatures, blockchain name service (BNS) and Interplanetary File System (IPFS) technology. The design of EROX has benefited from the collaboration of ideas formed to solve problems faced by various organizations representing many industries. Enterprise's ultimate needs have been a key element of this design process. The requirements needed by industries formed the original basis of EROX.
What is xOffice?
xOffice is a powerful online office suite that supports all major documents, spreadsheets and presentation file formats, which you can integrate into your own infrastructure. Key features are collaborative editing and excellent office file format support.
Supporting native RVX token and Ethereum as well as ERC-20 tokens
RiveX’s Blockchain as a Service (BaaS)
What is BaaS and why is it important for RiveX?
Blockchain as a Service (BaaS) is a core component in RiveX’s revenue model, offering highly customizable and modernized software for enterprises, enhanced by the strength and uniqueness of blockchain technology. Decentralized cloud-based solutions alleviate the risk of data vulnerability by encrypting data and distributing it in chunks over a peer-to-peer blockchain based network. This data can only be unencrypted by the end user which increased privacy and security for all data sent across the network.
See our deep dive into BaaS here.
RiveX at Singapore Fintech and Blockchain Week
November 2019 found Singapore at the center of blockchain with Singapore Blockchain Week kicking off. RiveX was represented by both founding members as well as the marketing team. The event was full of attendees and there were many networking activities. Topics we discussed with others were:
- blockchain adoption,
- blockchain industry growth
The event was opened by Ivan Liljeqvist (Ivan on Tech) and supported by various media outlets including Cointelegraph.
BlockShow Asia 2019
BlockShow Asia 2019 was full of like-minded people as most parts of the event were covering topics like DeFi, DApps, BaaS, privacy, and security. Both founders, Mark and Alex were available for discussion at the RiveX booth. More than 2000 people visited the event and many were captured by our stand. Talks were great and the event really steered towards the direction we wanted.
The event was hosted by speakers like Chanpeng Zhao (CEO of Binance), Addy Crezee (CEO of BlockShow) with coverage being provided by Bitcoin.com, The Wall Street Journal, and many local media agencies.
RiveX, Wanchain, Cardinal Capital and OKEX VIP afterparty
RiveX, Wanchain, Cardinal Capital and OKEX co-hosted a VIP afterparty in conjunction with Singapore Blockchain Week. The private VIP party was held at the historical 1919 Waterboat House Singapore on 13 November 2019. Those who joined us include partners such as WanFund, WRDex, and FinNexus as well as various known industry players in this scene like MatrixPort, FactBlock, Cointelegraph, ChainUp, Kucoin, Node Capital, Biki to name a few. A great night with good food and good laughs as lots of ideas and thoughts were shared.
A community plays a crucial role in the crypto space, supporting the project and spreading the word across the many other crypto communities. Reaching out to the wider crypto community is one of the most effective ways to spread the word of RiveX’s mission and encourages the growth of our own community. We have engaged in countless AMAs during the past year. You can find all of our AMA recaps here.
RiveX Community Quest
We recently released the RiveX community Quest as a community growth initiative with $100,000 is RVX tokens up for grabs. The various Quest rounds will consist of 3 tasks up to the community to solve. These tasks include crossword puzzles, decryptions, and questions that require a vast general knowledge of the crypto space. Round 1, a Christmas themed round, was held in December 2019.
We received great feedback as the round came to an end and concluded the round announcing the 50 winners. With round 2 just around the corner, make sure you expand your overall crypto knowledge as round 2–7 will take your puzzle solving, decryption skills and general knowledge to another level!
Keep an eye out for our content creation competition and flash quiz announcement!
We have many more community initiatives lined up for 2020 so stay tuned!
RiveX has come a long way in 2019, but 2020 poses for an even more exciting year. We already have multiple product releases lined up for Q1 including RX Wallet (Android, iOS, Windows and MacOS), WRDEX and xOffice later on in the year.
We see 2020 as the DeFi year and we will continue to focus on providing decentralized solutions supporting the decentralized movement as a whole.
Thank you for your continued support, let's make 2020 another successful year for the RiveX ecosystem! Remember to sign up for our Newsletter to stay up to date with recent developments and community initiatives.
RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself. The first DAPP which RX Wallet has already integrated is WRDEX. Another core product powered by RiveX is the world’s first cross-chain DEX called WRDEX.
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