The Force Protocol Bi Weekly Report

ForTube
ForTube
Published in
3 min readSep 26, 2019

09/07/2019–09/20/2019

In the past two weeks, the technical research and development and external activities of The Force Protocol have been in continuous progress. Thus, we are delighted to share these progress with our supporters and followers. In addition, The Force Protocol Global Partners Program has been released!

Development Progress

BiBidai

  1. The English/Chinese switch of BiBiDai H5 is ready to test
  2. The development of BiBiDai is complete and it has been successfully launched (https://eth.bibidai.com)

Stablecoin

  1. The smart contract code of stablecoin is in the test phase and we have completed the test of mortgage and redemption.
  2. The design of stablecoin UI is in the process.

Financial Public Chain Development

  1. Analysis of Cosmos SDK and Ethermint EVM
  2. The consensus mechanism of The Force Protocol is in the discussion

Others

  1. The stablecoin smart contract code has been updated on github as weel as smart contracts like approval, arith etc.
  2. The API documents of The Force Protocol development platform has been released to the public
  3. Parity full node of ETH is in the test while RPC call test has been passed

Meet Up Events

The Night of TROY & FOR

The Force Protocol alongside with BlockVC, one global leading venture capital, and TROY, one global leading broker, jointly organised “The Night of TROY & FOR” , aiming to gather blockchain leaders to discuss the existing blockchain ecosystem and the future development of the industry.

‘The Force Awakens’: National Tour in Shenzhen

Chao XU, COO of The Force Protocol, made a presentation on ‘The Development and The Ecosystem of The Force Protocol’. Chao saluted to the 10th year of the birth of Bitcoin and then described the development of The Force Protocol since the inception. Meanwhile, Chao was delighted to announce the plan of ‘The Force Protocol Global Partners Program’ in pursuit of the global development. Besides, Kennen, CEO of The Force Mining, implied that cloud hashrate is the best investment strategy of POW while staking is the best choice of POS.

Other Events

The 2nd Summit for Banking Innovation and Fintech

David LEI was invited to the 2nd Summit for Banking Innovation and Fintech with numerous banking executives and representatives to discuss the problems of traditional banking, the relationship beteen banks and fintech companies, the loan dilemma of micro enterprises and other hot issues.

David LEI delivered a speech about “Today and Future of Opensource Application” which explained in details the current situation of open finance. David enhanced the confidence that the open finance in the early phase so far would get better and stronger in the next 5 years and become an inevitable force. In the future, the open finance is likely to combine smart contract and open bank, which would realize real P2P.

Beijing Consensus Night Cocktail Party

Xiang WANG, partner of The Force Partners, was invited to Beijing Consensus Night Cocktail Party on 9th organized by Collinstar Capital and Hdao.io. Xiang WANG shared his opinions on “The Sustainable Development of The Force Protocol” during the event. Xiang WANG indicated the inevitalbe contradiction between token price maintenance and business income stabilization in the development of a blockchain project.

The Force Protocol is expected to traverse the reducing period with multi-dimensional business. The establishment of ecosystem not only provides revenue support for the sustainable development but also opes up more application scenarios in the business. The Force Protocol, concentrating on the main business line of open source, has already formed a complete ecosystem with The Force Protocol and The Force Partners and will gradually improve service capacity with The Force Mining, BiBiDai, exchange and etc.

Awards

The Force Protocol Obtained the award of “The Most Astonishing projects in the Industry” in “EBTC 2019 Chinese Blockchain Technology & Ecosystem Awards” in Shenzhen on September 17th. The Force Protocol was honored to be selected as the winner of the award.

May the force be with you!

Stay tuned for the latest updates!

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ForTube
ForTube
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ForTube is the world’s top DeFi lending platform launched by The Force Protocol.