I wanted to give everyone a new update on our progress as we move towards launch.
What’s Been Done
- Big stability upgrades
- Improved reliability and accuracy of market datafeeds
- Smart Contracts security & functionality Audit #1 complete, revisions implemented
- Airdrop link anonymizing deployed
- Airdrop seeing your referrals functionally complete
- Sidechain bridge built in Solidity
Expanding on the sidechain bridge, this bodes well for our June target for enabling withdrawals. We still have to build the backend infrastructure and UI around this but we're on track!
What about Early Access?
In our first update we talked about inviting some users to trade starting mid-April. We decided to scrap that effort. What will actually happen is we will onboard users in waves to ensure smooth operations. So really even if you're last on the Airdrop list, you should get access just a few days after the first person we onboard.
Setting expectations now: please don't wait for an invite to the app on May 1st, it's more likely mid May onwards.
- Smart Contracts Audit #2
- Ensuring our nodes sync mainchain and sidechain properly
- Iron-clad production setup
- Final UI Touches
- High quality stock pricing from US exchanges
Why is stock data going to take a few weeks?
This seems so simple on the surface - just buy a feed to the New York Stock Exchange. The reality is this has been a high effort project for a while. The best stock data from the US exchanges is exorbitantly piced and highly guarded. If you're a broker that makes money off users' trades (Robinhood, eToro) or directly charges for trading (Interactive Brokers) then you can subsidize it. We don't profit off fees from our users, hidden or otherwise 🦸🏻♂️🎉. But we had to get creative to ensure we still have high quality stock data. Giving global users access at launch to stable, high-growth assets like US stocks is incredibly important to us!
That's all folks, thanks for the patience and support. Stay indoors, stay safe, stay healthy!