Sprint Update #10
Dear Standarian ;),
Crypto winter just turned into a blizzard with last week’s events at FTX.
With account fraud, a bank run, and a wealth bonfire, this terrifying trio overtook the cryptocurrency market. You probably already know that the well-known cryptocurrency exchange FTX has spectacularly imploded. You’re also aware of the cause of the collapse, which we won’t go into here.
It wasn’t supposed to be this way for crypto.
Its original goal was to safeguard its consumers and do away with the need to trust centralized financial institutions like FTX. It’s undeniably a pivotal time for cryptocurrency. Decentralization has been largely abandoned by much of the sector. And that’s what first made cryptography so groundbreaking. However, the FTX failure has brought attention back to that primary goal. And while it may be difficult to see now, that is long-term optimism for cryptocurrency.
FTX was precisely the kind of middleman Nakamoto distrusted so much…
This is why at TheStandard.io, from the very start, we knew we needed to follow a model focused on decentralization and stablecoins backed by rare assets. We have ensured the protocol has solid fundamentals to be trustless, true decentralization, and the gold standard. We are building the ultimate decentralized stablecoin protocol, and we welcome you to join us!
The IBCO is scheduled to go live on November 28! We are getting very close to the initial minting event (Stage 1), and the earlier you enter it, the bigger the sEURO discount.
So to avoid missing out, and if you haven’t done so already, join our referral program for early access and a chance to get your hands on rare NFTs, our governance Token, TST, and more exclusive prizes.
https://www.thestandard.io/ultimate-defi-referral
7 days to go, so get your ETH ready to yield farm!
Sprint Updates
🛠️ Engineering
- We have closed the chapter on the front-end design. It has now been finalized, and functional tests are underway by various stakeholders. That is a significant milestone, as we are a week ahead of the public launch!
- We have also been discussing a few exciting projects ahead as the IBCO (Stages 1 to 3) is considered to be completed. Delivering on the vision of The Standard Protocol is an ambitious yet realistic project requiring individual modules that can then be plugged together to form an overall resilient system. More information about this will come as we establish where to go next.
- If you haven’t tried the IBCO on testnet yet, the whole dev team would be happy to get you going personally. We are polishing up the guide (https://docs.ibco-general.thestandard.io/) on all of the IBCO stages, including how to get testnet ETH and fake USD stablecoins. But if you don’t have the energy, time, or interest to read, we are happy just to send you both so you can get going with swapping, bonding, and staking on the beta site within minutes.
🤝 Growth & Scale
- Listing TST and sEURO on CoinmarketCap Website https://coinmarketcap.com/currencies/thestandard-io/ https://coinmarketcap.com/currencies/thestandard-io-/
- Listing TST and sEURO on Coingecko Website https://www.coingecko.com/en/coins/standard-token https://www.coingecko.com/en/coins/standard-euro
- Finalized CoinmarketCal Event Listing for sEURO with all relevant information.
- Finalized Messari.io Event Listing for sEURO with all relevant information.
- Joshua joined the Podcast from Niklas Anzinger / Ep. 23: DeFi Against the Machine.
- Learnings from the FTX Meltdown & Building a Decentralized Gold Standard for the 21st century w/ TheStandard.io CEO Joshua Scigala https://rss.com/podcasts/stranded-technologies-podcast/693352/
- The Gentlemen of Crypto: https://www.youtube.com/watch?v=CoKe19tJYRs&t=3155s
- Brave New Coin: https://www.youtube.com/watch?v=p24aBu3NsrE
- Defi Slate: https://www.youtube.com/watch?v=JuV73Cv3z3Y
- New to Crypto Podcast: https://newtocrypto.io/podcast/josh-scigala-the-standard/
- Join our treasure hunt and referral program https://www.thestandard.io/hunt https://www.thestandard.io/ultimate-defi-referral
