Biweekly Recap 06.09–19.09
Dear Value Network Community,
We recently had a token burn on 7th September 2021 in which 5 Million tokens were burnt from the total supply; burn can be verified on the blockchain here.
Over the last weeks, we’ve been working on new features. We’re currently testing the user-generated market prediction feature, which allows users to create markets to place predictions and would soon be ready for release. It will enable you to create a custom marketplace with over 200 currency pairs from Chainlink, with actual prices and an expiration time, which will create tremendous earning opportunities for the local crypto community and the future integration of tokenomics
We are working on bridge solutions to enable users to earn commissions in $VNTW and staking to generate a new market. We’re, however, saddled with Ethereum’s high gas fees, which is the blockchain VNTW is on and not suitable for our similarly priced product. But for Binance Smart Chain(BSC), at the moment, we don’t see any reliable bridge to transfer VNTW from ETH to BSC securely.
Our blockchain-based referral system is the next big thing, allowing marketers to monetize referrals instantly using a tiered pattern.
We are looking into business development and fundraising legal entity incorporated in the United States like Delaware C-Corp, perfect for raising equity capital. The crowdfunding campaign via the Crowdfunding CF regulatory framework will start on WeFunder for 11½ months in public mode and 23 weeks in private mode. Investors will invest in stocks through SAFE (Simple Futures Equity) agreements, which are currently the most modern and secure way to invest in high-tech companies. The minimum investment amount is $1000, and global investment flow would be smooth and automatic when funding begins. A unique sales department has been created for this campaign, and we are building a 1000 US angel investors pool in the fintech fund. The goal for the next three months is 3000 letters as cold as the old approach.
In the next two weeks, we will have a final decision from a major VC partner we have been in contact with for the past two months, possibly raising $200,000 for future development plans.
Marketing: A major marketing integration with Chainlink is planned for the next three weeks.
We are also getting great results from our social media campaign on Twitter, with an average of 1015% conversion from posts into app visits.
In addition, local ambassadors in Africa and India are starting to promote the project in the region. So far, the results have been impressive, as we have seen tremendous interest from underbanked communities with high mobile penetration.
We are eager to evolve Value Network into an inclusive community project. If you believe you can help in any way, please join us on the Value Network Telegram channel and introduce yourself.