In this weekly report (4th Week of November 2019): Staking 2.0 is out! The newly introduced Staking system will allow all VSYS holders to participate in the development of the projects built on the blockchain. V SYSTEMS announced a partnership with Mine Digital to expand our influence in Australia. Please read the full report below.
1. VSYS Blockchain Development
Mainnet Development
VSYS smart contracts currently supported on the VSYS blockchain which 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 basic functions such as issuing, sending and destroying; advanced features such as the split/reverse 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.
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 token explorer has completed development, and the IPX token explorer will be released soon.
Web hot wallet has received several bug fixes and UI improvements.
DApp integration for the V Browser Extension wallet has begun development.
Trezor wallet app is currently being developed.
2. Global Community Updates
Introducing Staking 2.0 for a Hussle-Free Staking Environment
The newly introduced 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.
New Partnership with Mine Digital to Support the Expansion of DeFi Ecosystem
V SYSTEMS is honoured to announce our new partnership with Mine Digital to jointly work on the expansion and development of DeFi ecosystem.
Mine Digital is a top digital asset exchange in Australia which is regulated by ASIC under the terms of its Australian Financial Services License (AFSL) authorizations. Please click through to learn more.
V SYSTEMS CEO Alex Yang Interviewed by Block Journal
Our CEO Alex Yang was interviewed by Crypto Godfather, the CEO of Block Journal during “The Capital”, in which he introduced Staking 2.0 and the highlighting ecosystem projects. Please watch the whole interview below.
Sunny King’s First Ever “Public Appearance”
Our Chief Architect Sunny King made his first ever “public” appearance at “The Capital” with Brandon Chez, Founder and CEO of CoinMarketCap. They discussed topics around the Proof of Stake consensus, bitcoin dominance, quantum computing and more. Please click through to learn more.
3. Market Overview
Market Cap
VSYS is now ranked at #43 on CoinMarketCap, with a market cap of over US$117 million.
Staking Rewards
This week, VSYS has gained an overall StakingRewards Score of 65.31% 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!
Stay Connected
Remember to follow us on below platforms to stay up-to-date with our latest updates and announcements.
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/
