Weekly Update Series n°14 - 14th Week
Charting the Path Forward: Enhancing Liquidity, Expanding Accessibility, and Navigating Community Engagement
This week, several constructive developments have taken place within the Protocol 0Fx ecosystem.
Firstly, various tier proposals for migrating the 0Fx token to Uniswap have been proposed, and the voting has just concluded today. The migration is currently scheduled to occur when there is a liquidity pool of 200k USDT, providing attractive liquidity for our listing on CoinMarketCap and CoinGecko. This approach ensures flexibility within the protocol while also ensuring a surplus of 0Fx tokens.
Furthermore, the 0Fx token is now tradable across multiple chains and can be exchanged with various tokens based on available routes. Additionally, the 0Fx token logo is now visible for adding to your MetaMask wallet. The displayed value in your wallet or on the Optimism explorer is updated based on data from CoinMarketCap and CoinGecko, providing real-time information for our listings on these platforms.
Regarding the development of the first elements outlined in Phase 1 of the Protocol 0Fx roadmap, all smart contracts necessary for the 0Fx Swap have been structured by leveraging audited solutions, enabling a simplified and fully secure usage of contracts. All features of this application will be introduced through articles and documentation, leading to community votes to decide which chain will deploy the contracts and functionalities of this multichain swap first. Although the discovery of new ressources and the In-Depth exploration of it has slightly delayed the sales system and the initial planned video contents, it has allowed us to integrate new tools into our range of solutions, facilitating the evolution of our applications and cost savings. This ensures the delivery of the 0Fx Swap, as well as the Custom Governance Dashboard, within the next 2 to 3 weeks, followed by the Protocol Dashboard and the Ecosystem Launchpad by the end of March, marking the completion of Phase 1 of the Protocol 0Fx.
We have also decided to pause the Contribution Mining campaign due to the lack of traction in the current community. Therefore, we have postponed it indefinitely to relaunch it in a new format, along with conducting a multichannel campaign to increase engagement and exposure around this initiative.
For this week, we anticipate voting on a proposal regarding the management plan for the surplus of 0Fx tokens generated by the migration to the Uniswap market. Communications will slightly reduce, and our efforts will now focus more on investor outreach and implementing our sales system.
Stay informed as we approach the delivery of the first elements of the Protocol 0Fx and the deployment of its potential.