InsurChain Weekly Report (Jun. 5th – Jun. 11th)

Business & Cooperation
1. InsurBox Update
Data for this week: Weekly Active User: 105 thousand, Daily Active User: 60.5 thousand, Hashpower: 390.43 million.

InsurWallet V1.6.2 update.

*V1.6.2 is the last version before the app is renamed to InsurBox. We have added a few updates and optimizations and it is estimated to be launched on Jun. 13th.
*Server node for deposit/withdraw has been transferred and performance will be highly improved.
*There will be a position-lock action coming in order to honor the launch of InsurBox. Annualized return will be 3% in first. Stay tuned for further information.

2. SegmentFault Hackthon Beijing

SegmentFault has held a successful Hackthon event in Beijing, from June 9th to 10th . SegmentFault is one of the largest online community for young developers and has over 2 million registered users. SegmentFault team has been holding more than 50 hackthons in major cities in China, Singapore and Silicon Valley. This year’s topic is blockchain and has held events in Beijing, Hangzhou and Guangzhou etc.

InsurChain is a strategic partner with SegmentFault and will cooperate on the building of InsurChain developer community and promote InsurChain to a better future. In the meantime, InsurChain will start online activities with SegmentFault such as Hackthon, sharing session etc.

Yue Yifan, Tech leader for InsurChain in China has attended the event and offered his insights. Other attendees include experts from StarChain and Bitmain.

Mr. Yue has invited the winner to co-develop an insurance product with InsurChain. Right now the partnership has been set and ongoing. The product might be released on InsurBox.

3. Return of position-lock initiative
The first batch of position-lock initiative will be released on Jun. 12th. We will send the tokens to the corresponding address within two working days after the expire date.
There will be a position-lock action coming in order to honor the launch of InsurBox. Annualized return will be 3% in first. Stay tuned for further information.

Community Partners Project

Community Partners Project is a long-term project to improve InsurChain community. If you are interested in participating, you can add InsurChain customer assistant to ask for more information. Each group leader will be rewarded with INSUR if he delivers contributions.

Group leader will be awarded every month according to performances such as user amount, activity etc.

Market
Last week, the trading volumes of INSUR reached 3.418 billion and 488 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 197, 112 and 178 million respectively.

Tech

InsurWallet
*V1.6.2 test
*Server optimization and node transfer
*develop protection contract

InsurChain Blockchain
*Built test node and adjust developing network
*Tested distributed storage
*Mainnet might be launched ahead of schedule.

Community

Community data update:
Telegram: members (25307)
Weibo: subscribers (1458)
Wechat assistant: friends (2702)
Twitter: subscribers (6113)

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.