Weekly Report 2019 December #1

V Systems
V Systems
Published in
4 min readDec 6, 2019

In this weekly report (1st Week of December 2019): The V SYSTEMS Forum is out! To celebrate the launch of V SYSTEMS Forum, we are hosting an AMA for the community with VSYS giveaway, please join us and leave a question, and explore more together! Read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts currently supported the VSYS blockchain allow users to easily create their own tokens, and token transactions are validated on the underlying blockchain. The usages of the tokens can be defined by the creator of the tokens whether it be a form of financial instrument, electronic money, or token of utility. The tokens support obvious functions such as issuing, sending and destroying, but some advanced features such as the split/reverse split functions are also available. These functions are analogous to the stock split in the financial world.

A deposit / withdraw feature is currently being developed for VSYS smart contracts, this feature will allow smart contract users to store assets (both VSYS and tokens) within smart contracts.

New Opcode for the smart contracts is being developed, these new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

Utils Development

The V-Cloud Token service is currently in development, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Token issuers who wish to quickly and easily set up a token with pre-built applications can do so using this service.

The V-Cloud token explorer has completed development and is currently under code review.

The V-Cloud Token wallet is under development.

V Browser Extension wallet is currently close to completion.

Minor issues fixed for SDKs.

2. Global Community Updates

Introducing V SYSTEMS Forum

The V SYSTEMS Forum is finally out! The V SYSTEMS team has always wanted to provide a space to gather everyone in the community to discuss V SYSTEMS, to share ideas, ask questions, and to seek help from the team and the community. Join us and meet the community on V SYSTEMS Forum now! Please click through to learn more.

The Community AMA of V SYSTEMS Forums

To celebrate the launch of the V SYSTEMS Forum, we are hosting an AMA (Ask-Me-Anything) for our community till 19 December 2019. The V SYSTEMS team will collect all questions in the AMA thread on 19 December, 2019 (UTC +8). The best five questions will be awarded with 500 VSYS. All the winners and answers will be announced on 23 December 2019 here. Please click through to learn more.

Introducing Staking 2.0

Staking 2.0 allows VSYS holders to stake not only VSYS, but also other tokens built on the V SYSTEMS mainnet. Staking 2.0 provides another option for VSYS coin holders to participate in the development of the projects built on V SYSTEMS. Everyone in the VSYS community can participate actively in the blockchain network through staking. Please click through to learn more.

3. Supernode

WalkBank will partner with Staking Club on node operation and community building in V SYSTEMS. Staking Club is deeply involved in building blockchain community, running supernodes and providing infrastructure and services. The partnership will further expand operations and development of the community. WalkBank is expected to be renamed Staking Club this weekend.

4. Market Overview

Market Cap

VSYS is now ranked at #50 on CoinMarketCap, with a market cap of over US$96 million.

Screenshot from CoinMarketCap on 06 Dec 2019

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 63.99% on stakingrewards.com,. V SYSTEMS promise to maintain a healthy staking environment for all token user. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!

Screenshot from stakingrewards.com on 06 Dec 2019

Stay Connected

Remember to follow us on below platforms 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/

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V Systems
V Systems

A blockchain platform that supports the efficient and agile development of decentralized applications. Visit our website at www.v.systems