Monthly Update #July 2021: Coinversation Enters the Final Stage of DEX Development and Plans to Release the Canary Version of DEX in August
- Plan to release the canary version of DEX-Kaco
2. Optimize the back-end code of DEX products
3. Promote unit testing of DEX products
4. DEX’s UI developing and voting
5. The first telegram community AMA
6. CoinStar Ambassador Program Upgrade
1. Development progress
In July, the scale of the technical team continued to expand. The team concentrated on advancing the code optimization of the DEX module and implemented the UI module of the DEX. The UI interface of the black and white versions has already been designed, and through community voting, we have confirmed the first version of the UI vision.
Progress of testing and continuous debugging with Astar: Coinversation continues to promote continuous debugging and plans to complete unit testing in August, connect to the Astar testnet, and complete the first demo of DEX.
As the development of the DEX product module comes to an end, Coinversation announced that it plans to release the canary version of the DEX-Kaco on Kusama after the end of the unit test.
2. Activity progress
Coinversation organized three small salons, inviting some technicians from Ant Financial, Alibaba, and the domestic industry to discuss the technical implementation of Defi.
In July, We launched the first Coinversation’s Meme contest. We received more than 100+meme submissions, and the final awards were awarded to 2 creative works and one most popular work.
The Most Popular Meme:
In July, Coinversation released its first peripheral product voting event. In the end, NFT peripherals are strongly loved by everyone. Next, Coinversation will release exclusive NFT peripherals.
3. Community progress
Coinversation held the first Telegram community AMA, in-depth sharing and analysis of Coinversation’s product layout strategy and core advantages.
The CoinStar ambassador plan was further upgraded to implement the rules for volunteers in different time zones and attracted more than 50 volunteers to join.
For detailed rules, please check here.
Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralised exchange(DEX).