In this weekly report (3rd Week of April 2020): Key functions for VSYS smart contracts are entering its final testing stages. Kucoin’s Pool-X and Bitfinex have launched VSYS staking service. TachyonVPN has reached 50000 global active users. Please read the full report below.
1. VSYS Blockchain Development
Mainnet Development
Key functions for VSYS smart contracts are entering its final testing stages and will be ready for the next release. The focus is to extend smart contract functionality and usages for both VSYS and tokens.
A non fungible contract feature, the non fungible contract will contain an undividable token. The token’s ownership can then be transferred freely, closely mimicking a traditional product.
A lock contract feature based on the deposit / withdraw function, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.
The V Systems payment channel, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deal with a lot of transactions between the same parties.
Utils Development
The V Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.
In V Could development, the development of V full node service is ready. The next stage function and new platform are under research and development.
V web wallet is enhancing user experience to make the user interface more friendly. Alias address feature is improved. Users will be enabled to use them in the next release.
More Node Monitor Tool is discussing and researching.After development is completed, they will open to public use in the future.
Integration with General Bytes (a cryptocurrency ATM) is currently in development.
2. Global Community Updates
KuCoin’s Pool-X Offers VSYS Staking Now
KuCoin’s PoS mining platform Pool-X will offer VSYS flexible staking now with 10% annualised interest rate. During the staking period, users are allowed to redeem their coins.
Bitfinex Launched Soft Staking Program
Bitfinex has launched a new soft staking program that allows its users to easily and securely generate rewards by simply holding their digital tokens on the platform. VSYS staking rewards can be as high as 10% per year. Please read below for details.
Tachyon VPN Has Reached 50000 Users
Tachyon VPN has reached over 50,000 global active users. Congratulations!
Staking 2.0: Scaling the VSYS Ecosystem
It’s been a few months since we first introduced Staking 2.0. This new mechanism and staking approach is bringing us closer to the wider ecosystem. Let’s examine how it works in Tachyon Protocol (IPX) in order to drive adoption and promote community growth.
3. Market Overview
Market Cap
VSYS is now ranked at #79 on CoinMarketCap, with a market cap of over US$47 million.
Staking Rewards
This week, VSYS has gained an overall StakingRewards Score of 66.35% on stakingrewards.com. We promise to maintain a healthy staking environment for all token users. 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 the platforms below to stay up-to-date with our latest updates and announcements.
Official 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
