Year In Review — 2019
Review
This year was one with many crests and troughs. Below is an amalgamation of 2019 as it went on a quarterly basis.
Q1 2019 — Token Swap & Exchange Hack
Token Swap: The token swap of PTN to ZOM moving from Neblio to Ethereum. How did we get there? None of the exchanges at the time including the one designated for listing by some strong investors were capable of listing NTP-1 tokens based on the industry standards.
Unfortunately your project has been declined during our Code Review process.
The reason for this decline is that the NTP-1 Token Standard is not open source.
There is a working web wallet, and example API code for integrating NTP-1 tokens, but the API just connects to a random server run by the Neblio team.
There is no way for us to verify the results of this server, so we would have to implicitly trust their server.
Until there is a fully open source (and public) implementation of the NTP-1 Token Standard that we can code review and run locally, we are unable to list Potion Owl or any other NTP-1 tokens.
We spoke about this with the Neblio team in detail and after discussions opt for a switch at the start of the year due to no guarantees at the time. In the end we swapped all PTNs for ZOMs which is now on the Ethereum blockchain — https://etherscan.io/token/0x42382f39e7c9f1add5fa5f0c6e24aa62f50be3b3
Exchange Hack: The unexpected hack of Cryptopia was a lesson in risk management. Funds were earmarked for this listing and held in escrow to ensure we did exactly that. This decision was made by a strong cohort of investors and their lead representative and in the end after all the wait to change chains this was ill-fated.
Grade and Assessment for Q1 2019: 5/10
Q2 2019 — Staking and Website Redesign for Yazom’s Products and Services
Staking: We activated the staking contract officially which provide all holders of ZOM the opportunity to increase their equity. — https://etherscan.io/address/0x68d0657245d7bb542ce8910a49e34d1ad12e792b#writeContract
Website Redesign: For a good time we kept website design and how it was done to the very basic level. We graduated from that by implementing a lot of design techniques that were credited through psychology. We believe the current appearance whilst not perfect displays the necessary information and provides competitive parity with others in our industry: health, wellness and fitness.
Grade and Assessment for Q2 2019: 5.5/10
Q3 2019 — DDEX Listing and Parachute Cryptocurrency Related Partnership
DDEX Listing: Completed in September — DDEX listing was our first official listing initiated by the team post Cryptopia’s Hack. There is much work here to do as pretty much all currencies here are trying to find the much needed volume. https://legacy.ddex.io/trade/ZOM-WETH. We have spoken to the CEO on several occasions and we can see positives to come in the future.
Parachute: There tipping mechanism in the form of ParJar was excellent for community morale and interaction. The benefits of ParJar have not yet been maximized and after we complete our mobile application we expect to see some resurgence.
Grade and Assessment for Q3 2019: 5.5/10
Q4 2019 — Mobile App Development and Progress Updates
Mobile App Development: What has become evident to us is that it’s easy to create and build apps BUT it’s very difficult to build an app that gains traction and creates constant user value. This has made us rethink our own approach utilizing: psychology, design techniques, marketing tactics and management strategies. We are totally happy with the progress and expect to launch this app to everyone in Q1 2020.
Progress Updates: In October we finally decided that the best way to keep communication open was to have a fixed date; on the last day of every month. These updates are predominantly focused on anything that have a material impact on ZOM.
Grade and Assessment for Q4 2019: 7/10
YEAR AHEAD 2020
Q1 2020: Final stages of development & invitational testing, App Release and Med Rep Staking.
Q2 2020: User Growth, Marketing and Media Interaction.
2020 is the start of a new decade. At Yazom we are looking forward to: having a sustained competitive advantage and capturing a strong market share.
Happy New Year to everyone when it comes and we most certainly look forward to having you all pleasantly satisfied.
