Today, the Value Internet Swap (VISwap for short), project for the Value Internet Decentralized Exchange (DEX), has completed a smart contract audit and started the test phase, via the community members. VISwap was developed by the Value Internet Lab based on SmartMesh’s public chain Spectrum, Layer2 Photon Network and Atmosphere cross-chain architecture. VISwap is planned to be launched July 10, 2021.
VISwap will conduct two rounds of high-value airdrop for SMT users who participate actively in beta testing and meet the airdrop requirement. VISwap aims to aggregate liquidity from different public chains through cross-chain exchange pool, so that users can transact cross-chain assets freely, realize liquidity of assets between various blockchains and finally resolve the most fundamental issue of the Value Internet – Token Switching.
The following were accomplished since the last bi-weekly report:
Released SmartMesh ecosystem cross-chain Swap DEX project VISwap (official website address: https://viswap.io/):
- Completed audit on smart contract and started the beta test phase via community members.
- The project plans to run two rounds of high-value airdrops for users who actively participate in beta testing and meet the airdrop requirement.
- The VISwap DEX will be officially launched on July 10, 2021.
Specific work are as follows：
- Studied SmartMesh ecosystem IoT data model. Analyzed storage and processing methods for IoT data chain in the main-chain and sub-chain model and the use of Photon timestamp parameter in the data query process.
- For Layer 2 Photon optimization related projects, conducted a brief comparative analysis on RefundTransfer functions – adjustment, message blocking, and main functions of light client.
Specific work are as follows：
- Atmospheric interoperability and VISwap preparations.
1.1 Completed debugging the demo function on Atmosphere webpage. Reviewed WebDemo LockIn and Lockout cross-chain transaction process and verified cross-chain feasibility and validity of expired withdrawal.
1.2 Conducted decentralized cross-chain transaction protocol analysis and prepared FAQ on transaction functions, node tasks, liquidity requirements, reward distribution and other content.
1.3 Carried out VISwap cross-chain technical solution design, analyzed cross-chain exchange mechanism and multi-link routing function on other related DEX projects in order to improve user experience in VISwap.
Worked in collaboration with other developments, adjusted and tested upcoming product functions.
This week, the business activities of the SmartMesh project were carried out in an orderly manner, as follows:
- This week, SmartMesh signed a memorandum of agreement with an ASEAN Telecom, aiming to resolve internet accessibility issue for over half of the population in Southeast Asian countries. The agreement stipulates that the first step for cooperation between the parties is to set up multiple proof-of-concept sites in Malaysia to build inclusive communication facilities and a digital financial platform for the residents.
- Today, the Value Internet Swap (VISwap for short), project for the Value Internet Decentralized Exchange (DEX), has completed a smart contract audit and started the test phase, via the community members. VISwap was developed by the Value Internet Lab based on SmartMesh’s public chain Spectrum, Layer2 Photon Network and Atmosphere cross-chain architecture. VISwap is planned to be launched July 10, 2021.
VISwap will conduct two rounds of high-value airdrop for SMT users who participate actively in beta testing and meet the airdrop requirement. VISwap aims to aggregate liquidity from different public chains through cross-chain exchange pool, so that users can transact cross-chain assets freely, realize liquidity of assets between various blockchains and finally resolve the most fundamental issue of the Value Internet – Token Switching.
