Weekly Report 2020 February #3

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In this weekly report (3rd Week of February 2020): VSYS is now available on OKEx Spot Margin Trading & Savings markets. Start staking on Pool-X at an annualized profit rate of 15%. Our CEO had an interview with CNBC to talk about the development of the blockchain industry. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts are currently being developed further to support more advanced functionalities. There are several specific functions being developed:

A deposit / withdraw feature is currently being developed for VSYS smart contracts, this feature will allow smart contract users to store assets (both VSYS and tokens) within smart contracts and withdraw it whenever they wish.

A lock contract feature based on the deposit / withdraw function is being developed, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

New Opcode for smart contracts is being developed. These new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

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.

V-Cloud is developing web terminal and top-up features. After completed, they will open to public use in the future.

For V-Cloud details, please refer: https://medium.com/vsystems/introducing-v-cloud-streamline-your-development-experience-with-cloud-based-blockchain-management-8204c3705853

VSYS Supernode rank list website https://vsysrate.comis updating. Sub-node will be supported in the next release.

V wallet is developing sub-node select features and fixing existing issues to make UI more friendly. Users will be enabled to use them in the next release.

Integration with General Bytes (a cryptocurrency ATM) is currently in development.

2. Global Community Updates

VSYS is now available on OKEx Spot Margin Trading & Savings markets

OKEx is giving away a total of 57,000 USDT bonus (3,000 USDT bonus per asset) to celebrate the listing of 19 new assets on spot margin trading and savings markets. The giveaway starts on February 21, 08:00 and ends on March 02, 08:00 (UTC). Click through and learn more about the promotion event here.

VSYS is now available on Pool-X

VSYS users can now stake on Pool-X at an annualized profit rate of 15% and earn a share of 250,000 $POL every day! Please click through to learn more.

V.systems is determined to bring blockchain to mass adoption

Our CEO, Alex Yang, had an interview with CNBC to talk about the development of the blockchain industry. He believes “The more we dedicate, the better blockchain development we can see ''. The v.systems team promises to support the development of DeFi projects, and together we will bring blockchain to mass adoption. Please click the link below to read the full article.

https://www.cnbc.com/2020/02/15/coronavirus-china-taps-blockchain-tech-to-help-firns-hit-by-virus.html?__source=twitter%7Cmain

Hotbit adjusted the annual interest rate of VSYS

Starting from February 20, Hotbit will adjust the annual interest rate of VSYS to 7.41%. Please check the announcement below to learn more about the new arrangements.

https://help.hotbit.io/hc/en-us/articles/360043023374-Announcement-on-Hotbit-s-Adjustment-on-the-Annual-Rate-of-VSYS

Don't forget you can also stake with other Supernodes to earn coin rewards, please click through to see the latest VSYS Supernode List.

3. Market Overview

Market Cap

VSYS is now ranked at #63 on CoinMarketCap, with a market cap of over US$99 million.

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Screenshot from CoinMarketCap on 21 Feb 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 64.46% 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!

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Screenshot from stakingrewards.com on 21 Feb 2020