DEVELOPMENT

DEVELOPMENT

IoT Chain

1. Staking service

• [Completed] We have completed the staking related background service development.
• [Completed] We have completed the Staking service APP module function development.
  [In Progress] We are working on the staking service internal testing and bug fixing.

2. IoT Chain Explorer

• [Completed] The blockchain explorer interface display problem is fixed.

3. [Completed] We went through the final third-party security audit and we have passed it! Mainnet IoT Chain code has successfully passed the audit and the code is open source.

4. Token Swap Support by Exchanges

• PIEXGO exchange will support the MainNet token swap process.
• [In Progress]We are still working on the other exchanges and their support for our token swap procedure, please keep an eye on our official announcement channels for further updates.

ANNOUNCEMENT

IoT Chain has completed the mainnet upgrade and successfully passed the final third-party security audit

We are pleased to announce that MainNet IoT Chain has completed the stage observation phase and officially entered the main net production environment. At this point, we have a complete and ready IoT Chain, the distributed ledger, modular framework and Turing smart contract are all finished and completed in a perfect way. Nevertheless, we have also developed our own virtual machine that supports the smart contract system and a wide range of common modules based on distributed networks.

For those who want to see the open source code, please visit our GitHub site: https://github.com/iot-block/iotchain
Token Swap support by the exchanges
Native ITC is officially launched on PIEXGO on September 6, 2019, the withdrawal and deposit services has been opened at 15:00 (Beijing time) on the same day. PIEXGO supports both the mainnet and the ERC20 ITC deposit and withdrawal.

Token Swap support by the exchanges

Native ITC is officially launched on PIEXGO on September 6, 2019, the withdrawal and deposit services has been opened at 15:00 (Beijing time) on the same day. PIEXGO supports both the mainnet and the ERC20 ITC deposit and withdrawal.

COMMUNITY EVENT

IoT Chain mainnet upgrade and token swap Turbo Project

Rewards have been distributed as follows:

• Turbo Pool: 212298 ERC20 ITC ✅
• Node activation: 15 ERC20 ITC per address✅
• Locked ITC that have been hosted for over 1 month: Returned as mainent ITC with a conversion ratio of 1:1 with ITG as incentives ✅

Hereby we would like to thank our beloved community members for your active participation and support!

MARKETING

Number of token holders	21,899	+0.51%
Number of transactions	115,482	+2.08%

(Data source: Etherscan.io)

COMMUNITY

Chinese community	Number	%
WeChat & QQ	6,406	-0.54%

Overseas community	Number	%
Telegram	22,300	-3.53%
Reddit	9,907	+0.04%
Twitter	16,525	-0.07%