Chainspot Biweekly Report: June 14th – 28th

Greetings from Chainspot – an aggregator of the best cross-chain solutions for Web3 users and developers with several sub-products. 

Chainspot Router provides access to swaps and bridges across more than 31 chains, offering the best rates thanks to dozens of partner bridges, DEXes, and routers. Chainspot Router enables asset exchange/transfer within a network or between different networks.

 


 

We are thrilled to share the latest updates and developments from our service over the past two weeks.

 

Marketing Updates

1. Extended Galaxy Campaign

Due to popular demand and overwhelming participation, we have decided to extend our current Galxe campaign until July 2nd. 

This campaign offers a reward of 10 USDT to 25 lucky winners who participate in testing and reviewing the beta version of Chainspot 2.0. 

This is a great opportunity for our community members to engage with the new features and provide valuable feedback. Participate here.

 

2. Informative Articles on Chainspot News

We continue to educate and inform our users through insightful articles on Chainspot News. Here are the latest additions:

  • Understanding Rollups: Dive into our comprehensive article that explains what rollups are and how they function within the blockchain ecosystem.

    Rollups are a critical scalability solution, and understanding them can provide valuable insights into the future of blockchain technology. Read it here.
  • Top-5 Most Anticipated Airdrops of 2024: Our team has analyzed the market and compiled a list of the top 5 most anticipated airdrops for the upcoming year.

    This article provides detailed information about these airdrops and why they are highly anticipated by the community. Check it out here.

 

  • Exploring DePIN: Learn about an important innovation in DeFi – Decentralized Physical Infrastructure Networks (DePIN).

    This article delves into what DePIN is, its significance, and how it can revolutionize the DeFi landscape. Explore the details here.

 

Development Updates

1. Loyalty Program with Referral System

We have commenced the development of a loyalty program integrated with a referral system. This program will feature several levels, which are awarded to users in the form of NFTs for performing specific actions on our platform. Each NFT will have its own unique value. 

The loyalty program is designed to create a more engaging and rewarding experience for our users. Users will earn NFTs by completing various tasks and achieving milestones on our platform. These NFTs will not only represent their achievements but also carry intrinsic value, which can be traded or utilized within the Chainspot ecosystem.

Here’s a sneak peek at the concept through some images below:

2. Bug Fixes and Routing Engine Development

  • Bug Fixes
    Based on your valuable feedback, we have implemented minor bug fixes in the beta version of Chainspot 2.0. These fixes aim to improve the overall user experience and ensure a smoother operation of our platform.
  • Routing Engine Development
    We are actively working on developing a new routing engine.
    This engine will be capable of assembling optimal routes for users based on the available providers. Moreover, it will enable the connection of one network with multiple others, leveraging all the bridges we partner with.
    It will revolutionize how users interact with cross-chain solutions on our platform. By providing the best possible routes for asset transfers and swaps, users will benefit from reduced transaction costs and increased speed. The engine will consider various factors such as transaction fees, network congestion, and bridge reliability to offer the most efficient routes.

 

Future Plans

Looking ahead, we have ambitious plans to further enhance the Chainspot platform. In addition to the ongoing developments, we are exploring new partnerships and integrations to expand our network of supported chains and bridges. Our goal is to provide the most comprehensive and user-friendly cross-chain solutions in the market.

We are also planning to introduce more educational content and interactive features to help users understand and utilize the full potential of our platform. By continuously improving our services and expanding our offerings, we aim to solidify Chainspot’s position as the leading aggregator of cross-chain solutions for Web3 users and developers.

 


 

Stay tuned for more exciting updates as we continue to innovate and enhance the Chainspot experience. Thank you for your continued support and trust in our platform.

 

For more information and real-time updates, visit our website or follow us on social media:

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