Taraxa AMA Roundup One: latest news on the network deployment, and next steps for the application.
Hi everyone! We’ve been hosting lots of AMA sessions around the world and we’re amazed at your thoughtful input and excitement about our project. So I thought we’d compile all your burning questions and our answers about Taraxa in one place. This will be a weekly recurring blog series, so please shoot your questions in comments!
Q1: What has the team been up to following the sale?
While the team has been carrying on our usual development work on our infrastructure and applications, the Taraxa Foundation has been focused on making sure our investors get liquidity as quickly as possible. That’s why we immediately negotiated the listings on three crypto exchanges at once: you can now buy and trade TARA Kucoin, Bitmax, and Gate. We are also in close talks with several Tier-1 exchanges as well and we expect to be listed on them very soon afterward.
Q2: Following these listings what are the goals as we move towards Q2?
For mainnet, the most important thing to note (even beyond performance) is security & stability. We will be closely involving the community every step of the way as we roll out a phased approach to large-scale stress testing of the network. First, we will incentivize the community for simply running a testnet node and reporting errors. Second, we will roll out a mirrored staking on ETH that projects onto our testnet’s staking mechanisms, and enable community members to stake their tokens, participate in tests, and earn yields. Lastly, we will transition from the ERC20 tokens into native tokens and conduct final rounds of stress testing and security audits before releasing our mainnet candidate.
For our application platform, especially for Marinate, we will be rolling out a series of integrations with baseline communication tools such as WhatsApp, Telegram, and WeChat to help the community engage with our product, get a better understanding for their uses, and help source additional use cases. Throughout our project’s history, many of the use cases and customers had been introduced to us from enthusiastic community members, and we wish to keep honoring that tradition in involving our community in our product development & adoption.
Q3: Will the testnet be incentivized? And when is it rolling out?
We’re working on a plan for that, it’s coming very soon. Running testnet nodes will initially be an activity and it will be incentivized yes.
Q4: Where is Taraxa in its development process? Following the listings what are the goals as we move towards Q2?
We currently have a rather stable testnet that’s highly performant, and two application platforms in beta prototypes — Helio and Marinate, that have been extensively market-tested with early customers. We have two primary goals for 2021, one is mainnet deployment, the other driving adoption for our application platforms. You can check out our full 2021 Roadmap here: https://www.taraxa.io/community#roadmap.
For mainnet, the most important thing to note (even beyond performance) is security & stability. We will be closely involving the community every step of the way as we roll out a phased approach to large-scale stress testing of the network. First, we will incentivize the community for simply running a testnet node and reporting errors. Second, we will roll out a mirrored staking on ETH that projects onto our testnet’s staking mechanisms, and enable community members to stake their tokens, participate in tests, and earn yields. Lastly, we will transition from the ERC20 tokens into native tokens and conduct final rounds of stress testing and security audits before releasing our mainnet candidate.
For our application platform, especially for Marinate, we will be rolling out a series of integrations with baseline communication tools such as WhatsApp, Telegram, and WeChat to help the community engage with our product, get a better understanding of their uses, and help source additional use cases. Throughout our project’s history, many of the use cases and customers had been introduced to us by enthusiastic community members, and we wish to keep honoring that tradition in involving our community in our product development & adoption.
Q5: How can you briefly describe Taraxa? Is it notary on Blockchain?
I think Marinate can be described as a notary public on the blockchain for everyday transactions between people. But it is also quite informal and very easy to use, much much faster and far less intrusive than a real notary :-)
Q6: Do you plan on partnering with other projects in the crypto space?
Yes, we have some very interesting integrations coming up which we will announce soon as well. Although the vast majority of our "partners" are actually customers who are using our application platforms, and they are not really in the crypto space.
