Taraxa Project
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Taraxa Project

Taraxa Community UPD — March 2021.

Phew, what a month!

Tech and Application.

To prepare for the launch of block rewards on the Taraxa testnet, our core developer team has been busy fixing the PBFT vote syncing and phase-locking. 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 ERC-20 tokens into native tokens and conduct final rounds of stress testing and security audits before releasing our mainnet candidate.

Our two applications, Helio and Marinate, are now in beta prototype versions and have been extensively market-tested with early customers. 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.We will be releasing some major partnership news next week, so be on the lookout for them!

Community.

Our Community has always been at the core of our R&D and product development, helping to surface the use cases and test out concepts. That’s why launching a token via a public token sale was the best way to start engaging investors, collaborators, and end-users. And the sale proved to be the resounding success with over $150 million investment interest and extremely high demand. Once again, we’d like to thank everyone who supported us all along — from the private round in 2018 (a special shout out to Fenbushi Capital) to these days.

Next logical step after the sale is of course listing the token, and TARA is already available at KuCoin, BitMax and Gate.io:

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