Weekly Report 2019 November #3
In this weekly report (3rd Week of November 2019): Sunny King has made his first ever “public appearance” at The Capital. Our CEO Alex Yang introduced three ecosystem projects. V SYSTEMS announced new partnerships with ZB and OceanEx respectively, to jointly develop a stronger and more sustainable DeFi ecosystem. Please read the full report below.
1. VSYS Blockchain Development
VSYS smart contracts currently supported on 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.
Discussions for a deposit / withdraw feature is currently in progress for VSYS smart contracts, this feature will allow smart contract users to store assets (both VSYS and tokens) within smart contracts, where the assets can be utilised by the smart contracts transparently. One potential usage for this feature in the future will be token staking. Many future functions and usages for VSYS smart contracts will be based on this feature.
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 3rd party payment feature for the web wallet has been completed, and support for the certified IPX token is also completed. These features will be released in the next version of the wallet which will be released soon.
DApp integration for the V Browser Extension wallet has begun development.
Trezor wallet app is currently being developed.
2. Global Community Updates
Sunny King’s First Ever “Public Appearance”
Our Chief Architect Sunny King has finally made his first ever “public” interview with the Founder and CEO of CoinMarketCap, Brandon Chez. They have discussed topics around the Proof of Stake consensus, bitcoin dominance, quantum computing and more. Please click through to learn more.
V SYSTEMS CEO Alex Yang Emphasized the Value of Blockchain Technology in Finance
Our CEO Alex Yang has joined a panel discussion at “The Capital” to talk about the institutional adoption of cryptocurrency. He mentioned that V SYSTEMS is aiming to make blockchain easier for the community to use, and promised to push forward the mass adoption of blockchain technology in financial services. Please click through to learn more.
New Partnership with ZB on Blockchain Adoption in Internet and Finance
Noticing the increasing adoption and extensive use cases of blockchain technology for internet and financial services, V SYSTEMS and ZB have decided to work together on the development of blockchain-based solutions in internet and finance sectors in order to build a blockchain network for global adoption. Please click through to learn more.
The Announcement of Strategic Partnership with OceanEx
V SYSTEMS is glad to announce a new partnership with OceanEx, to jointly build a strong and sustainable DeFi ecosystem. Both OceanEx and V SYSTEMS will work together to support the development of DeFi projects and community engagement of both sides. Please click through to learn more.
V SYSTEMS CEO Alex Yang Interviewed by DataDash
Our CEO Alex Yang had an interview with Nicholas Merten, the founder of DataDash during The Capital, to talk about V SYSTEMS, Supernode Proof of Stake, DeFi projects and more. Please watch the whole interview below.
CoinMarketCap Global Conference 2019
It’s a wrap! We would like to take this opportunity to thank everyone who helped organise and participated in the the CoinMarketCap Global Conference 2019. Also, a special shout out to CoinMarketCap for providing us such a great opportunity to meet the community and all the blockchain enthusiasts from all around the world. Please stay tuned and follow us on our social media, more is coming!
V SYSTEMS is on Instagram
Knowing that our community is expanding, the VSYS team has decided to create an Instagram account to ensure our community can receive the most up-to-date information. Please follow us on Instagram and we will keep you guys updated!
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3. Market Overview
VSYS is now ranked at #41 on CoinMarketCap, with a market cap of over US$141 million.
This week, VSYS has remained at #8 on stakingrewards.com, with an overall StakingRewards Score of 88%. V SYSTEMS has maintained 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!
Remember to follow us on below platforms to stay up-to-date with our latest updates and announcements.
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