Weekly Report 2019 October #1

In this weekly report (1st Week of October 2019): Our first DApp project Tachyon has published an article introducing its native token IPX. The VSYS team participated in an Ask Me Anything session hosted by V Power on 29 Sep. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS 0.2.2 has been released, which includes refactoring and cleaning up unused code, updating API with new functions and switch to the latest version of Swagger. The details can be found at

https://github.com/virtualeconomy/v-systems/releases/tag/v0.2.2

VSYS smart contracts currently supported on the VSYS blockchain 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 obvious functions such as issuing, sending and destroying, but also 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.

Research is currently being conducted for new smart contract features, once discussions and researches have been done, new features will be announced in the near future.

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.Trezor wallet app is currently being developed.A tool for easy smart contract deployment is currently being developed for public usage.

2. Global Community Updates

IPX Token by Tachyon

Our first DApp project Tachyon has recently published an article introducing its native token IPX. As a key part in Tachyon project, the economic system driven by IPX Token will promote the positive development of the entire network, solve major problems with organization of the decentralized Tachyon network and serve as a proxy to evaluate the overall system. Click through to read more.

Media Coverage

According to CryptoBriefing’s latest Coin Guide, V SYSTEMS is an energetic new player in the decentralized application space. With a high profile chief architect, aggressive pursuit of partnerships and hard work, V SYSTEMS is taking deliberate steps to become the DeFi platform of choice and that could be the winning move. Read the full article here.

3. Supernode

V Power Community AMA

The VSYS team participated in an Ask Me Anything interview hosted by our supernode V Power on September 29. Over 1000 community members participated. Read the full article here.

4. Market OverviewMarket Cap

VSYS is now ranked at #37 on CoinMarketCap, with a market cap of over US$149 million.

Screenshot from CoinMarketCap on 04 Oct 2019

Staking Rewards

This week, VSYS has remained at #9 on stakingrewards.com. With a total staking value of approximately US$1.49 billion and 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!