Weekly Report 2019 November #2

In this weekly report (2nd Week of November 2019): Tachyon Protocol is now on Bithumb Global Staging. The CoinMarketCap Global Conference is approaching, stay tuned! Top 10 Cosmos validator Forbole has joined V SYSTEMS as one of the supernode candidates. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts currently support on the VSYS blockchain which allow users to easily create their own tokens, and token transactions are validated on the underlying blockchain. The form of the tokens can be defined by the creator of the tokens, it can be a form of financial instrument, electronic money, or token of utility. The tokens support obvious functions such as issuing, sending and destroying. 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.

The 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 of the biggest potential usages for this feature 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 to integrate 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.

Web hot wallet is currently developing 3rd party payment feature, allowing 3rd parties to easily do transactions with VSYS. Support for the certified IPX token is under development.

Plans for the dApp integration for the V Browser Extension wallet is in progress.

Trezor wallet app is currently being developed.

2. Global Community Updates

Tachyon Protocol is on Bithumb Global StagingTachyon Protocol has joined the BG Global Staging program. BG Staging is one of the most unique features of Bithumb Global that helps to pre-select projects to the community in Bithumb Global. They are now having BG Staging event from 7th Nov to 12th Nov. Please click through to learn more and earn your rewards.

CoinMarketCap Global Conference 2019

In less than 4 days, the VSYSTEMS team will be in Singapore to meet the community! Our Chief Architect Sunny King and CEO Alex Yang will be speaking at the conference. What’s more, the Tachyon team will also be there to introduce the blockchain-powered internet to the community. Please come join us and look forward to seeing you all soon, click here for registration.

The Capital Warm-up Party

The CoinMarketCap Global Conference on November 12–13 is coming in less than 4 days! To get everyone ready for the conference, V SYSTEMS will co-host a Warm-up Party with OceanEx, Vechain, Crypto.com and CoinMarketCap on 11th November 2019, 6pm — 10pm. Please come join us at Smoke & Mirrors and meet our team. Tickets are limited, sign up now!

3. Supernode

Forbole V

Forbole, one of the top ten validators in the Cosmos Network has now joined V SYSTEMS as one of our supernode candidates, named ‘Forbole V’. The forbole team will utilize their knowledge and experience to work along with us to provide high quality services for the V SYSTEMS community. Please click through to learn more.

4. Market Overview

Market Cap

VSYS is now ranked at #41 on CoinMarketCap, with a market cap of over US$ 140 million.

Screenshot from CoinMarketCap on 08 Nov 2019

Staking Rewards

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!