TOP Network Bi-Weekly Report: March 30, 2022 — April 12, 2022

TOP AI Network Official

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TOP AI Network

2 min readApr 15, 2022

Tech Progress

TOP Chain

1. The 1.4.0 version of the TOP mainnet (bug fix, optimize real-time performance, and data cutting efficiency) has completed all development and acceptance. It is expected to be released around April 15.

2. The first important stage of TOP’s compatibility with Ethereum specifications and contract development has been completed, supporting the transfer of TEP1 Token (ETH/USDC/USDT on the TOP chain) between all shards.

3. The first important stage of the decentralized cross-chain bridge project between the Ethereum ecosystem and the TOP ecosystem is completed. The relay module code of the cross-chain bridge relay node has been completed, and it has been able to relay the block information of Ethereum and the block information of TOP to each other.

Milestone in Q2

1. Complete the asset cross-chain between Ethereum and TOP chain, and realize crypto-asset circulation between Ethereum and TOP chain.

2. Complete the development of Ethereum-compatible shards, encourage third-party applications to migrate to the TOP chain, attract users to participate in third-party applications in the TOP chain, and bring more users to the TOP chain.

TOP Usage Scenario

Staking TOP to mine FIL in Filet is still ongoing. TOP holders can stake TOP to get FIL on the BNB chain and HECO chain. Currently, about 20 million TOP have been staked in Filet.

1. If you have ERC-20 TOP or native TOP, please use the bridge to swap TOP to BSC or HECO chain on your computer. https://bridge.topnetwork.org/

2. Then open Filet, find “Stake TOP to earn FIL”, the current APY is about 25%.

3. You can also join Filet TOP staking in any decentralized wallet that supports the BSC or HECO chain.

Filet official website: https://www.filet.finance

Filet DApp: https://app.filet.finance

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