BEYOND FINANCE: Monthly Updates
Dear Beyond Community,
This month, our determined team worked intensively on final development work for our Beyond DEX Main-net launch. Besides the development progress, this month was jam-packed with several promising partnerships, new exchange listing and expanding our core development team.
Let’s learn more about the Beyond Finance achievements this month!
- Beyond Beta Testing Highlights:
We successfully completed an early round of intense testing of our DEX, comprising of participants from our early backers, VC’s and strategic partners. We would especially like to thank Huobi Ventures, OKEx Block Dream Ventures, Exnetwork, Pluto Digital Assets, Trader square, Canta Venture and our exchange partners for their contribution throughout the testing period.
The Head of Business Development for a major public blockchain (partnership. announcement coming!) stated upon testing, “By far one of the best DEX ‘s we have seen in the market. Super clean UI/UX, looks like a centralized trading platform”
Jack from OKEx Block Dream Ventures said, “ smooth interaction, user friendly interface.”
“Definitely different from other DEX’s on the market. SIMPLE & EASY. Clearly developed from the eyes of a traditional financial guru” said a notable individual backer who wished to remain anonymous.
Additional phases of testing was completed with selected beta test users. Applications to be part of this exclusive group was overwhelming to say the least, however the group provided feedback of great value, leading to final updates & changes to various functions leading up to Main-net.
Mr Bang, Beyond CTO says, “We’ve implemented the hybrid on-off chain ethereum blockchain and we have perfectly completed the algorithm for the synchronization. Our community is at the forefront of our mission and we like to offer the most user intuitive platform. It is important to us to have them involved during this critical phase of testing,”
The audit for Beyond dex is currently underway, through a third party firm, Certik. “Security is our top priority before our Launch” said Kenneth Moon, Chief Product Officer.
2. BYN Listing in Gate.io
We surpassed 12 Million votes! Thanks for the support everyone! BYN was listed on Gate.io ~ Friday July 9th.
With the addition of Gate.io, our BYN Token is now available on AsendEx, MXC, and Uniswap. We shall have exciting major listings announcements soon, which are already in the pipeline.
3. Strategic Partnership
The Huobi Ventures Strategic Investment was definitely a major achievement for Beyond. We worked closely with their investment arm, as well as their HECO Fund, outlining development strategies, as well as marketing and business development. Beyond was the first project to receive this multi-dimensional strategic investment, forming a partnership with Huobi Ventures, a leading supporter and industry driver within DeFi. We here at Beyond, look forward to great things with this aligned partnership with one of the biggest exchanges in the market today.
About a dozen partnerships are in progress, with details and info to be available soon!
4. Beyond Dex Progress
- Final Mainnet internal stress testing phase is in process.
- Feedback from our beta test group, as well as several partners and trading groups, some minor improvements on layout and interface has been completed.
- Several changes implemented upon completion of beta testing;
- Minor error in 100% trading, fixed
- Improved UI to better view one’s asset
- Made distinctions for number
- Make separate Buy and Sell Button
4. New Dex features are being developed (more updates on this shortly)
5. Our DEX Mobile App is currently in the final stages of development and being tested as we speak.
6. Integration with HECO is going smoothly, as we work hand in hand with the HECO Development Team, as we are now in the final stages of development.
5. Beyond Dex — Staking Program.
Our community has been staking BYN in our Beyond Staking Platform, but also with AsendEx Staking. We have received inquiries and interest regarding additional Staking Programs via Beyond DEX Platform. Interestingly enough, with the expected launch of Beyond Dex, users/BYN holders will be able to stake BYN via our DEX Platform. Early participation will be rewarded with higher levels of APY. The users not only can earn staking rewards but also mint synthetic token USDb to trade synthetic assets and earn profit. In the process the users are staking, minting and earning staking rewards, as well as profit by trading synthetic assets, all in one simple, easy to use interface.
6. Community Outreach
Beyond Community expanding every month, So thank YOU ALL, our community supporters.
With now over 24,000 followers on Twitter (we just announced 20k not long ago), our global telegram groups are at 15, spreading across multiple regions.
We have more exciting events, giveaways, airdrops and promotional contests planned for further community expansion. Looking forward to everyone participating and earning rewards. Let’s get moving !
7. Beyond Dex Beta Tutorial Videos
A series of Beyond Dex video tutorials showcasing functionality were released to the public. The latest video demonstrating the reward function, was recently uploaded.
Tutorial Videos
- Sneak peak of Beyond Dex.
- Creating the Beyond wallet and Login Process
- Beyond Dex — Trade and invest tutorials.
- “Wallet” function within Beyond DEX.
- Reward Function.
(click the link, like and subscribe to Beyond YouTube channel)
We look forward to releasing more of these, as constantly as possible!
8. Beyond updated RoadMap.
Beyond Updated the Roadmap for the year 2021 , defining in detail about progress and what is to come. Following are some notable highlights detailed in the Roadmap.
1Q 2021 — BYN Token Distribution Beyond exchange official version launch
• Improved security. Enhanced scalability for mass user adoption
• Adoption of BIP for community voting (ex. fee sharing ratio, new asset creations)
2Q/3Q 2021 — New asset class introduction of private stocks, and probability events Future & Options update
• Expansion into crypto derivatives platform
• Beyond DEX ERC20 Mainnet Launch, and HRC20 testnet.
• Mobile Version (Android & IOS)
3Q/4Q 2021 — Beyond DEX Multi Chain
• Beyond DEX HRC20 Mainnet and testnet for other chain • Leverage/inverse trading, Gamification V1.
4Q — Multi — chain Solution
• Loan Service integration with the lending protocol.
• Launchpad Launch
1H 2021 ~ 2022 — Platform migration from current Ethereum 1.0 (TBD)
• Enhanced transaction speed and lower network fee
2H 2022 — Completion of full Decentralized Autonomous Organization transition
• All decisions related to exchange operation will be autonomously done by BIP process
We promise to continue to be actively communicating with our supporters and our community. We constantly read all requests, suggestions and comments through our CMs, social media and emails, so please feel welcome to interact with us!
Lastly We are proud to be ranked Top 10 Gainers Among #DeFi Tokens in June by CryptoRank Platform.
In the meantime, please follow us on Twitter, join our telegram group and subscribe to our telegram news channels, see our other articles on Medium, (leave us a clap) and we shall be back with more!
Regards,
Beyond Finance.
About Beyond Finance
Beyond is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures, Spark Digital Capital, and OKex Block Dream Fund, Beyond Finance allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.
