InsurChain Weekly Report (May 1st – May 7th)

Business & Cooperation

  1. InsurWallet Spring version update

Data for this week: Weekly Active User: 171.3 thousand, Daily Active User: 88 thousand, Hashpower: 358.292 million.

V1.6 development and test

*Build a new Ethereum node in Silicon Valley, syncing up with block;

*Complete the development and test on withdrawal, fund password, withdrawal address;

*Complete the development of outside port functions such as deposit, withdrawal, address generation etc. We will start syncing with V1.6 in next week.

 

Withdrawal rules and requirements

*First and second KYC verification passed;

*Fund password set;

*Withdrawal address set;

*Gas for withdrawal: 1000 INSUR

*The minimum withdrawal amount: 500INSUR;

*Active users in recent three days can enjoy withdraw service first.

 

  1. Community Partners Project

 

Community is the user base for an ecosystem, a better community means a better channel for more people to know and participate in InsurChain. As InsurChain project is steadily progressing, we are going to prioritize building a better community.

 

Therefore, InsurChain will launch INSUR Community Partners Project soon.

 

We will release a draft of Rules on Community Partners first, if you are interested, you are welcome to participate. We believe, a health community is one with more and more users coming, this is also fundamental for the future of our project.

 

  1. INBlockchain meetup

 

InsurChain team has participated INB Capital’s Portfolio Monthly Meetup and discussed how a community should be operated.

InsurChain also explored the opportunity of a partnership with other projects. We will release relevant details when we have concrete progresses.

 

Market

Last week, the trading volumes of INSUR reached 4.29 billion and 610 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 280, 97.2 and 220 million respectively.

 

Technical Development

  1. Wallet

V1.5.3 optimized version launched, with better rules on hashpower, fixed compatibility issues with certain Android phones, and optimize port interface.

 

V2.0 progress

*Evaluating development cycles;

*Evaluating UI design

 

  1. InsurChain Blockchain

Technical whitepaper is under review, and is estimated to be released in mid-May.

 

  1. Server test optimization

 

Community

 

Community data update:

Telegram: members (27359)

Weibo: subscribers (1421)

Wechat assistant: friends (2518)

Twitter: subscribers (6332)

 

InsurChain official channels:

Homepage: www.insurchain.org

Twitter: @InsurChain https://twitter.com/InsurChain

Weibo: @InsurChain https://weibo.com/insurchain

Email: customer@insurchain.org

Wechat Assistant account: InsurChain or InsurWallet

Wechat official account: insur666

 

Others

We are still recruiting HR, blockchain developers and smart contract developers. If you are interested in InsurChain and capable of doing the aforementioned tasks, you can contact our Wechat Assistant to learn more as well as inquiring about the recruitment or send your resume to ljd@insurchain.org.