TOP Network Bi-weekly Report: Feb 3, 2021-Feb 23, 2021
Breaking News
Open Source Live, $TOP Syrocketed by 280%
In the early morning of February 15th, TOP started its skyrocketing mode after several consecutive days of gaining momentum, and the price easily doubled in just 1 hour, with the highest increase of 280% at one time.
Previously, the TOP mainnet was successfully upgraded and the core code of the TOP chain was open sourced. This series of actions shows that the TOP mainnet has been fully prepared for the mapping and App migration, which is interpreted by the market as the beginning of the TOP long bull trend.
TOP staking is close to 1.5 billion. The Telos Foundation will never sell TOP
Data shows that the current number of TOP staking is close to 1.5 billion, and the number of TOP circulating in the market is very limited. Moreover, the TOP official also stated that the 15% tokens held by the Telos Foundation will never be sold and will only be used for staking. The advancement of TOP technology combined with the continuous decrease in circulation may further stimulate the currency price increase.
Tech Progress
1. Formulate the TEP (TOP Evolution Protocol) token contract specification and officially into the development stage. The new specification allows users to issue TOP TEP#2 tokens (Ethereum ERC20) with one click without code.
2. Formulate the TEP (TOP Evolution Protocol) DID specification and formally enter the development stage. The TEP#4 specification supports users with a unified ID to log in without password under multiple Daps and supports web3.0 data rights.
3. Formulate TOP API Service external service specifications, including API. This service will provide a unified access portal for all wallets, exchanges, DApps, etc. that access the TOP ecosystem, and will greatly reduce the time and economic costs of third parties accessing TOP.
4. The TOP main chain infrastructure team’s “high-speed synchronization”, “high-frequency transaction security”, “automatic data cutting”, “new contract instruction set”, “cross-chain/sharding contract framework” and other projects are progressing smoothly. The technical obstacles of the country have basically been cleared.
5. To strengthen the security of TOP token mapping, for tokens, offensive and defensive drills and test projects for related contracts and modules have been launched. The project focuses on simulated attacks, detection, and defense.
Review and Expectation
It has been more than one month since the TOP mainnet has been upgraded to the New Horizons version. The current operation is very stable, and the mining output is considerable. Especially in the recent surge in currency prices, the mining rewards have doubled already.
Before the Chinese Spring Festival, the TOP team open the core code of the TOP chain, and intensively arranged the main network mapping and App migration! Complete mapping, migration of users, and docking with more exchanges, every step in the future will support and improve the value of TOP again!
Data shows that TOP staking is currently close to 1.5 billion, and the number of TOPs circulating in the market is very limited. We hereby officially announce to everyone that the 15% tokens held by the Telos Foundation will never be sold and will only be used for staking!
This is also the team’s confidence and belief in the long-term development of the TOP chain. Every participant is our most precious peer and partner. TOP TO DA MOON! Look forward to the new year!
