Ubiquity DAO Monthly Newsletter

Nicholasnokia
Ubiquity DAO
Published in
3 min readDec 5, 2022

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Quick recap of the last 30 days at Ubiquity

What a month! One of the biggest exchanges, FTX, has fallen, and the risk of contagion spreads. However, Ubiquity DAO has been continuing to build amidst the fallout.

1.Bounty Program

This month, we kicked off the bounty program and welcomed many new devs and coders into our community. We are delighted that so many bounties have been claimed.

We are also currently working on a referral system, so if you know of any devs that might be looking for work, let us know.

With the launch of our Developer Enrichment Program, we are introducing open collaboration through a Bounty System in order to help propel our vision while incentivizing our community through mutual benefit.

We have been busy at work building and stabilizing our code with our fellow bounty hunters. There have been quite a few new implementations, such as the bounty board, our new notional page, and lastly, Ken, our residential Business Development manager. He will be managing a new pool of talented devs and onboarding them to Ubiquity.

2.Bounty Board

Ubiquity has created a list of bounties for devs and coders to take on. Every week, we will be actively listing the open and closed bounties on our Twitter page (https://twitter.com/UbiquityDAO).

For those up to the challenge, we appreciate you and thank you for your contributions. Ubiquity has achieved a lot of progress lately, and we could not have done so without the aid of these determined Giga chads.

Achievements Ubiquity has made recently:

  • Bounty Program
  • Devpool expansion
  • Referral system

Summary

We’re still here, resilient as ever and growing stronger by the day. DeFi still has a long way to go until it reaches mass adoption, and carrying our community along with transparency has always been our objective.

No matter how negatively the news portrays the situation, remember that once the bull market comes, they will call you lucky. Ubiquity DAO has continued to build and innovate in order to best position the project to be a powerhouse in the crypto space.

We will have more exciting news for you all next week, so stay tuned and as always, thanks for reading! In the meantime, these are the recent topics that we have been keeping up with as well.

Recent Crypto News:

FTX Fallout

“Now that the game is over for Bankman — fried ….”

It Was All a Game for Sam Bankman-Fried. The meeting is already Silicon Valley lore. When Sam Bankman-Fried met with the venture capitalists at Sequoia Capital…

nymag.com

Contagion Risks

“Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.”

https://www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html?__source=sharebar|twitter&par=sharebar

Proof of Reserves

“Binance releases proof of reserves to show it’s liquidity amidst market turmoil”

https://www.binance.com/en/support/announcement/binance-releases-proof-of-reserves-system-0c7a786cbe8c4e108f3301385ab61e39

All Web3 inhabitants are welcome to share their ideas to help grow the Ubiquiverse on any of the official Ubiquity social media pages. Join us on Discord, Twitter, and Telegram for more news updates.

Twitter

Discord

Telegram

Originally published at https://ubq.fi.

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