Thanks to all the community members who submitted excellent questions over the past week. Please read the full AMA below and we look forward to speaking to you in our V Systems Forum and VSYS Telegram Group!
1. What is the plan for V Systems’ ecosystem development? Will there be any new project launch this year?
In addition to Tachyon, there are several more projects that we are actively working on, including DeFi, which will be co-launched with our partners at the right time. The recent growth of decentralized exchanges has given us a lot of positive inspiration and insights on the exchange of data and value. We are also designing some new DeFi projects and will continue to provide more information to the community in the future.
2. The V Systems team members on Github have a lot of private contributions. Does it mean that they are working on other projects?
Apart from the VSYS mainnet development, the team is also assisting multiple teams to develop various important applications built on the V Systems blockchain. We are confident with our blockchain design and development capabilities. Of course, our core developers must also take care of community projects. For example, we work closely with the Tachyon team in order to design and develop the payment channel contract used by Tachyon VPN, which will be launched soon. Please stay tuned!
3. When will V Cloud be ready for launch?
There has been a growth of cloud infrastructure services. V Cloud products are being further developed and adjusted, and will be launched to the market after full testing. It is expected to be released gradually in late 2020 and early 2021. We estimate that this will greatly reduce barriers to entry for developers to deploy their blockchain or token projects.
4. What is the project road map in late 2020 and early 2021?
In 2020 and 2021, the team will focus on the development of V Cloud and smart contracts, in order to introduce more practical functions to support DeFi. We are also actively reaching out to different project teams to develop NFT-based projects in the V Systems blockchain. The team is also expected to invest more resources to assist the development of the V Systems ecosystems and onboard projects with great values and potential.
5. What are the development updates on GoldZip?
Our team has maintained close contact with the GoldZip team, but the nature of the project is relatively unique, and the business is also governed by local financial regulators. Therefore, its development of blockchain technology will be affected by the local policy which has caused delay to the launch.
6. What is V Systems’ plan on DeFi development?
The team is currently designing and developing Defi functions and the supporting facilities. The atomic swap contract is currently in the testing phase. This contract will enable on-chain and cross-chain swaps so that users will be able convert VSYS or other VSYS-based tokens to other tokens. We will also invest more resources to develop Defi-related functionalities.
7. How can community members review the team’s performance and get to know the development progress?
Please pay attention to the weekly report we publish every week where we provide details on the development progress of the main chain and other functionalities. We will also do more AMA activities in order to facilitate the communication with our community.
8. Will V Systems introduce any gaming projects?
We have noticed the rise of NFT and DeFi games. Our team has been reaching out to some game developers and we expect to work with some of them soon. Our Fermat Smart Contracts contain templated NFT smart contracts, which can quickly allow game developers to launch their own NFT-based games.
9. Can you tell us more about the updates on Tachyon Protocol?
The Tachyon team has been advancing its decentralized VPN technology, while the smart contracts on the node system and payment channel are still under testing phases. Tachyon is shaped to create an open market for all VPN operators and users.
Stay Connected
Remember to follow us on the platforms below to stay up-to-date with our latest updates and announcements.
V SYSTEMS Forum: https://forum.v.systems/
Twitter: https://twitter.com/VSYSCoin
Telegram:https://t.me/VSYSOfficialGroup
Medium:https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:https://www.reddit.com/r/V_SYSTEMS/
Github: https://github.com/virtualeconomy/v-systems
Other Useful Links
VSYS Official Website: https://www.v.systems
Supernode Ranklist: https://vsysrate.com/
VSYS Blockchain Explorer: https://explorer.v.systems
