Syscoin Weekly Update III.

Premiere of Weekly Videos

From now on, we will be releasing weekly videos to coincide with the Weekly Update. This week we present The Next Step in Bitcoin’s Evolution. Imagine if Ethereum had not chosen PoS, but had instead chosen Bitcoin's own PoW for its security through merged mining. Imagine no more, because that is essentially what Syscoin has done. Syscoin is an extension of the Bitcoin ecosystem, and we carry its mission forward by taking it to new heights far beyond being merely a payment processor or a store of value.

InvestDex Features Syscoin

InvestDex is the first crypto workstation, organization tool, and tracker for live prices, in addition to other real time data, complete with handy charts. The purpose of InvestDex is to help crypto users discover, manage, and organize their interests and holdings. InvestDex incorporates a calendar, in addition to many other helpful tools including a pair explorer, multiple blockchain integrations, mutli-charts, portfolios, favorites, new listings, vesting scheduler, wallet tracker, whale watcher, and more.

    As a result of this partnership, InvestDex will be providing Syscoin with their official charting solutions, including real-time live prices for each project built within the Syscoin ecosystem. Additionally, InvestDex will be promoting Syscoin milestones on their suggested events calendar, as well as reviewing and spotlighting projects built on our Layer 2 and above, which we know as Rollux.

    Initial DEX Offerings (IDOs) launched on SYSPad will be automatically listed on InvestDex’s IDO calendar. Our tokenomic data will also become available in the Vesting Scheduler database. Their Vesting Scheduler is an easy-to-use all-in-one tool for Syscoin community members to track their airdrops and token unlocks, freeing one from the need to do things like use your own excel sheets or manually check wallets. The Vesting Scheduler also includes a recurring reminder feature that automatically reminds users when their tokens are unlocked.

    For our part of the partnership, Syscoin will be using InvestDex’s pair explorer link to raise awareness of their charting solutions. We also plan to create combined staking pools in the future for the INVEST and SYS tokens, guaranteeing higher staking yields for liquidity providers.

House of Chimera Summarizes PoDA

You may have noticed we have been talking a lot about PoDA or Proof-of-Data Availability. This unique to Syscoin scaling solution plays an integral role along with rollups in scaling our platform to be able to handle the mass adoption holy grail every project yearns for. On the eighteenth, House of Chimera tweeted a helpful infographic summarizing how it works. We encourage our community to know this information so they can be informed enough to spread the word about Syscoin to all EVM dApp developers and encourage the growth of Syscoin’s ecosystem. If that wasn’t enough, they also created a Twitter thread giving Syscoin’s year in review.

WEconomy, Asia’s Newest and Largest Web3 Incubator Chooses Syscoin

The newly founded WEconomy, currently consists of seventy startup projects and DAOs (Decentralized Autonomous Organizations) from across Asia, including China, Taiwan, and Vietnam. Its mission is to have 100 projects within its incubator and ready to deploy on time with the launch of Syscoin’s Layer 2, named Rollux, in Q1 2023. Rollux is the first EVM-compatible Layer 2 rollup suite currently positioned to go live on mainnet.

    “We are pleased to welcome WEconomy into the fold and look forward to making our mark on Asia. We are on the verge of releasing Rollux, the first EVM-compatible Layer 2 complete with rollups and our proprietary Proof-of-Data Availability solution, set to be the first of its kind to launch on mainnet next year. This represents a major breakthrough in scalability that will usher in mass adoption as we realize the true Web3 experience unhindered by scaling ceilings in fee,” noted Jagdeep Sidhu, Lead Core Developer & President of the Syscoin Foundation.

    WEconomy has already been utilizing Syscoin’s NEVM [Layer 1] network and their Rollux testnet [Layer 2] to prepare its projects to be ready to go live once Rollux launches. It operates a self-sufficient DAO and continuously assesses the progress of its members for accountability. 

    “WEconomy is a large collection of teams, most of whom are Web2 and eager to migrate to Web3. We recognize the technology of Syscoin is best prepared to help us make this transition thanks to their Ethereum-compatible Layer 2, which will launch before anyone else’s. We thank the Syscoin team for all of their help and look forward to continuing to work together,” said Kering, Head of WEconomy.

    Asia is a hotbed of Web3 innovation and home to the largest number of developers within the space. WEconomy establishes a strategic foothold in this important market. According to market research and strategy consulting company Emergen Research, the Asia Pacific market is expected to experience the fastest revenue growth through 2030.

Keep Your Eyes Peeled This Weekend

As we near the end of the year, Syscoin is making unprecedented leaps forward as we gear up to launch the world’s first blockchain ecosystem complete with a Layer 2 comprised of rollups and Proof-of-Data Availability to give the world the scale they need to transition for Web2 to Web3. We are thrilled to have WEconomy join our ranks, but it doesn’t stop there. On Friday the 23rd, we will be revealing important news for the Syscoin community related to the progress we have been making. 

    On Christmas Eve, several members of the Syscoin team will be appearing on a Wagmi Twitter Space to share our thoughts on a variety of topics. Be sure to tune in and have a chance to join the conversation.

    We hope everyone takes this holiday season to reflect and spend time with their loved ones. From all of us here at Syscoin, we wish you a Merry Christmas, Happy Hanukkah, Kwanzaa, and general season’s greetings as we continue to spread the good tidings through the new year.