DEVELOPMENT

IoT Chain

1. Staking service

• [In Progress] We are currently working on the Staking related background service development.
• [In Progress] We are working on the Staking service APP module function development.

2. Mainnet performance optimization

• [Completed] Transaction confirmation optimization

3. [In Progress] The third-party security audit is still in progress.

4. [In Progress] Token Swap Support by Exchanges

• We are working with our exchange partners to ensure that the whole token swap process goes through smoothly. We we will have more information regarding token swap schedules, please stay tuned for more updates.

ANNOUNCEMENT

Successful completion of ITC mainnet upgrade and token swap “Turbo Project”

According to the activity mechanism, ITC mainnet upgrade and token swap program-Turbo Project officially ended, thanks to all community members for your participation!

In this Turbo project, over 4950000 ITC tokens have been swapped and locked up, total joined addresses have exceeded 1935, 384404.8 ITC has been distributed. The 8th equity node address from the end has become the winner who has won the 40% turbo pool incentives.

We have announced detailed instructions for the locked up tokens and the 15 ITC have been consumed to activate the turbo node identity:
Tokens that have been hosted for over 1 month will be swapped to the mainnet ITC and distributed to the ITC mainnet wallet address with the corresponding token swap incentive ITG; Tokens that have been hosted for less than 1 month will be swapped to the mainnet ITC and distributed to the ITC mainnet wallet address with ITG as a token swap incentive when the hosted time of these locked tokens is over one month.

The 15 ITC that normal node used to get activated to an active node will be returned as ERC-20 ITC tokens to the corresponding ETH wallet address.

Note: Please check the ITC wallet and follow our community for more information regarding the distribution schedule.

MARKETING

Number of token holders	21,788	+0.10%
Number of transactions	113,312	+0.55%

(Data source: Etherscan.io)

COMMUNITY

Chinese community	Number	%
WeChat & QQ	6,441	-0.25%

Overseas community	Number	%
Telegram	23,115	-1.52%
Reddit	9,903	+0.05%
Twitter	16,536	-0.23%