Crowdfunding App Demo, Team Expansion, 1Protocol and New WhitepaperWeve been hard at work building Boost, our crowdfunding platform. In this weeks update, we show a preview of the platform in action. Every user of our app can use Boost to raise funds for any project. In the demo video, the user first navigates to a crowdfunding section of the app, and then enters information about the crowdfunding event like duration, funding goal, and background information. This information is then stored to the testnet blockchain. Afterward, the crowdfunding event is viewable in the projects feed. Weve set the app to automatically approve all projects for Alpha testing. Below we show a video demo of Boost in action:
Crowdfunding Smart ContractsWere continuing to build out various testing scenarios for our crowdfunding smart contracts. At this time, all crowdfunding scenarios run as expected. Well continue to test these rigorously over the next week. Weve also already completed a draft of the documentation for our upcoming crowdfunding smart contract demo. This will allow other developers to test and interact with the crowdfunding smart contract.
1Protcol.comThis week, David met with one of the founders of 1Protocol in San Francisco. 1Protocol has created smart contracts allowing users with idle cryptocurrencies to stake them and earn interest. The platform was founded by Stanford dropouts Axel Ericsson and Zackary Lawrence. For a detailed description of their platform, see their white paper here. One example use case for their platform is Ether staking in the upcoming Casper upgrade. Using smart contracts, 1Protocol enables users to put idle value to use by creating Virtual Workers which link Capitalists (those staking currency) to Operators (those with idle computing power). Their smart contracts are generalized and can handle Ether and any Ethereum token, and theyre also developing an intuitive front end interface called 1Client to interact with their smart contracts.
Incorporating 1Protocol would be as easy as adding a button to stake idle ELIX and earn interest on our wallet page, and linking our app to their platform via a few function calls. We believe this could be another way to reduce the circulating supply of ELIX while allowing ELIX holders to earn interest. According to one of the founders, they already have strong interest in their platform from owners of cryptocurrencies who dont wish to cash out their holdings. We anticipate their platform providing a service that if incorporated could further motivate people to use our app. Were still exploring their platform and conducting further research, and will definitely be testing their Alpha in the next few months and seeing if theres a fit for a partnership.
ExpansionWere currently in discussions with AE.Studio, a software consulting firm cofounded by one of our contacts. AE would provide consulting engineers, product managers, designers, and any other product development resources necessary. Wed be working closely with them on our product. This has the added advantage of gaining help and insight from a team experienced with building a deploying great products. Over the next few weeks, were discussing the details, and if we choose to use AE we may start with several weeks of contracting work testing and altering our smart contracts and then move from there.
Weve also had the opportunity to speak to several other engineers and one possible intern. We believe in the past week weve made significant progress in finding the people and resources to get our product to the next stage.
Updated WhitepaperOur new white paper has just been added to our website! Check it out here. Weve been working hard to incorporate the communitys feedback and provide an updated version of our company vision with in-depth discussion of technical aspects. Please provide your feedback on our social channels about the new white paper wed love to know what you think.
App UI RedesignWere currently discussing the possibility of having our previous designer also design our final App UI. We were proud of the new website design, and would like our app to have a similar sleek look. Well let the community know when we make a final decision regarding this. Were also talking to several different designers at this time to allow us to choose from as many options as possible.
New Facebook PageWe now have a Facebook page! Check it out at facebook.com/elixirtoken
Follow and like the page to receive updates from ELIX in your newsfeed. Please help spread the word on Facebook about the platform by sharing the page or inviting friends to like it.
New Instagram PageWe also have an official Instagram page now. You can follow @elixtoken for updates and Instagram posts regarding ELIX.
Sign Up For The Upcoming NewsletterWeve enabled the Newsletter feature on our website! If youd like to receive occasional email regarding development of the ELIX platform, you can provide an email in the sign up field at the bottom of the home page. Well keep the emails concise and important, and your email will never be shared with others on the list.
https://medium.com/@elixirtoken/crowdfunding-app-demo-team-expansion-1protocol-and-new-whitepaper-a0b20b7c6a92