MDUKEY Monthly Report（June）

5 min readJul 1, 2020

Overview:

Core technology progress: updated and iterated in the main network, SDK, Mobox and related technologies

MDUKEY ecological development: “price guarantee mechanism” in progress; details of nodes such as FINWEX, etc. announced

Traffic 2.0 market related: MDU 399BLOCK has already recruited more than half of the third phase and pre-opened the fourth phase of recruitment

Traffic 2.0 brand related: FINWEX AMA, online salon of Shenzhen Chain Finance School, community article release.

Details:

Since June, MDUKEY core developers have continued to focus on mainnet performance maintenance and upgrades, including TASK004 front-end-user module development, and in-depth interaction between several nodes of the mainnet.

On the ecological side of MDUKEY, the price guarantee mechanism is in full swing. Since its launch, it has been in 19 phases, and a total of 1,995,730 MDUs have been destroyed. On the other hand, FINWEX, as the TOP digital investment bank in the blockchain industry, recently joined MDUKEY’s mainnet construction and became one of the verification nodes.

In terms of communities, up to now, more than half of the third phase of MDU 399BLOCK has been recruited, and a total of 59 communities have been formed. MDU 399 BLOCK is committed to building MDU China’s largest community, and hopes that the community will benefit from the growth of the project. The main community is composed of 399 KOLs, and the sub-communities are established by 399 KOLs. The fourth phase of recruitment is about to start.

In terms of market brands, in the past month, MDUKEY founder and CEO Han Yuanzhen was invited to participate in the FINWEX online AMA and the online salon of the Deep Chain Finance Academy. During the event, Han Yuanzhen and FINWEX’s founder You Li together expressed their opinions on the traffic dilemma and the new infrastructure. In addition, during the online salon activity of the Deep Chain Finance Academy, Han Yuanzhen explained the three dimensions of the super node screening rules, technical capabilities, user/community scale, and industry reputation.

It is also worth noticing that the MDUKEY ecological community has also published related articles, including “Interpretation of Mobi Box and Price Guarantee Mechanism from the Perspective of Interactive Relationship”, “FINWEX Introduction to MDUKEY Node-TOP Digital Investment Bank in the Blockchain Industry”, etc.

1. Core technology progress

1.1 Chain technology

a. The core components of OTP (Open Transaction Protocol) have been developed.

b. Open source protocol related RPC interface is under development.

1.2 SDK

mdukey-java-sdk 1.0 is under development, 90% of the progress is completed, and is expected to be released in July.

1.3 MOBOX

a. Development of MOBOX front-end user module begins

b. MOBOX back-end basic service is completed

2. MDUKE ecological development

2.1 Price guarantee mechanism

There have been 19 phases since its launch, and a total of 1,995,730 MDUs have been destroyed.

2.2 Verification node

Through in-depth communication with the FINWEX community, the FINWEX node is introduced in detail.Click to Read

2.3 Cobo ecological support

Cobo announced on June 2 that it has become one of the main nodes of the MDU Staking plan, and fully supports MDU deposit and withdrawal, and Staking services.

In addition, Co Xiang, the person in charge of Cobo operations, said: Cobo will continue to support the development of MDUKEY, including but not limited to content, community, staking and other levels. Cobo hopes to assist MDUKEY to obtain with MDUKEY in the entire digital currency community Greater influence and community support.

3. Traffic 2.0 market related

3.1 Community interaction

MDU 399BLOCK began recruiting KOL to form on May 7. Up to now, the third phase of MDU 399BLOCK has recruited more than half, and a total of 59 communities have been formed.

MDU 399 BLOCK is committed to building MDU China’s largest community, and hopes that the community will benefit from the growth of the project. The main community is composed of 399 KOLs, and the sub-communities are established by 399 KOLs. The fourth phase of recruitment is about to start.

3.2 Participation in activities

At 19:00 on June 11th, MDUKEY founder and CEO Han Yuanzhen was invited to participate in the AMA sharing event of FINWEX, and participated in the topic sharing with You Li, the founder of FINWEX. The two gave their own views on the traffic dilemma and new infrastructure issues raised by the host, Click to Read.

On June 4th, MDUKEY founder and CEO Han Yuanzhen Ryan and Cobo wallet operation leader Che Xiangyang visited the online salon of Shenzhen Chain Finance School, focusing on “Staking scale of more than 5.6 billion US dollars, Cobo wallet layout MDUKEY super node will bring what chemistry To share the theme of “Reaction”, Click to Read.