Weekly Report 2020 March #1

In this weekly report (1st Week of March 2020): VSYS is now available on Bithumb! VSYS and Bithumb are hosting an airdrop event to celebrate the listing.IPX coin holders can now trade IPX on Hotbit, with two trading pairs IPX/BTC and IPX/USDT. V.systems (VSYS) and HitBTC are holding a trading contest with a prize pool of 482,150 VSYS tokens. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts are currently being developed further to support more advanced functionalities. There are several specific functions being developed:

A lock contract feature based on the deposit / withdraw function is being developed, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

New Opcode for smart contracts is being developed. These new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

The V Systems payment channel is currently being developed and tested, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deals with a lot of transactions between the same parties.

Utils Development

The V-Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.

The development of V-Cloud web terminal and top-up features is almost done. After completed, they will open to public use in the future. The next stage function and database related function is under researching and experimenting.

VSYS Supernode rank list website https://vsysrate.com is updating. Sub-node will be supported in the next release.

The development of V wallet’s new feature, sub-node select feature, is almost done. Now wallets are fixing existing issues to make UI more friendly. Users will be enabled to use them in the next release.

Integration with General Bytes (a cryptocurrency ATM) is currently in development.

2. Global Community Updates

VSYS is now available on Bithumb

With cryptocurrency trading surging worldwide and knowing cryptocurrency is officially legalized in South Korea. We are very excited to announce that VSYS is now available on Bithumb with VSYS/KRW trading pair. VSYS coin holders in Korea can now start trading VSYS with Bithumb and together we bring Crypto into mainstream finance. Please click through to learn more about the listing.

VSYS/KRW:https://www.bithumb.com/trade/order/VSYS_KRW

3,600,000 VSYS Airdrop Event on Bithumb!

To celebrate the new listing with Bithumb, VSYS will co-host an airdrop event with them. The trading rewards are worth a total of 3,600,000 VSYS, don't miss the chance! Please click through to learn more about the event.

VSYS Trading Contest on HitBTC

V.systems is co-hosting a trading contest on HitBTC with a prize pool of 482,150 VSYS tokens from 00:00 (UTC) March 1st to 00:00 (UTC) March 16th, 2020. Please click through to learn more about the contest and Happy Trading!

Tachyon Protocol (IPX) is officially listed on Hotbit

IPX is now available on Hotbit with two trading pairs IPX/BTC and IPX/USDT.
Keep up the good work and congratulations! Please click through to learn more.

IPX/BTC: https://www.hotbit.io/exchange?symbol=IPX_BTC
IPX/USDT: https://www.hotbit.io/exchange?symbol=IPX_USDT

3. Market Overview

Market Cap

VSYS is now ranked at #63 on CoinMarketCap, with a market cap of over US$91 million.

Screenshot from CoinMarketCap on 06 Mar 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 65.22% on stakingrewards.com. We promise to maintain a healthy staking environment for all token users. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!

Screenshot from stakingrewards.com on 06 Mar 2020

Stay Connected

Remember to follow us on the platforms below to stay up-to-date with our latest updates and announcements.

Official Forum: https://forum.v.systems/
Twitter: https://twitter.com/VSYSCoin
Telegram:https://t.me/VSYSOfficialGroup
Medium:https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:https://www.reddit.com/r/V_SYSTEMS/
Github: https://github.com/virtualeconomy/v-systems

Other Useful Links

VSYS Official Website: https://www.v.systems
Supernode Ranklist: https://vsysrate.com/
VSYS Blockchain Explorer: https://explorer.v.systems