What’s next? (Revised)
We meet again in the same article with you. There is a reason for this. It’s only been a week since I shared the first version of “What’s the next?” But what a week! After the article, the process that began with the listing was followed by new news, announcements and developments. Let us take a quick look at what happened before I compile and present them all →
Staking is now active!
Starting with the improvements that have taken place, staking is now active. And this is exactly 5 months early of the promised time! We felt that we should offer it to our owners for the sake of price stability. Taking into account the community’s request, staking was activated with two different options. The first option, BitMart Saving Promotion, has attracted a lot of attention. This limited promotion is “sold out” as of now.
The other option, Pancakeswap Staking, is still running. The team has added the first liquidity. With the added liquidity aside from the Stake news, Posschain’s first DEX listing has also taken place. The APY, which opened at 350%, is currently at 45.10% and demand is high. After the transition to the mainnet, we will activate the staking in our own network. As part of this development, which is planned for the second quarter of 2023, we will establish mechanisms that will reward our early investors.
Liquidity will be added gradually!
Another topic we commented on after intense questions from our community was the liquidity process. We announced that we will add liquidity gradually. Aside from the current added liquidity for MM, our plan is as follows: We want to use our money wisely. Market conditions are unpredictable and any move we make in one go increases our risk ratio. In a possible BTC dump that will happen tomorrow or next week, we do not want to lose the liquidity we have. For this reason, we have activated the liquidity plan, which is directly proportional to the price. According to this plan, liquidity will be added as the price of POSS increases. Thus, a gradual and steady increase is achieved.
When POSS is 0.5$ -> 50,000$
When POSS is $1 -> $100,000
When POSS is $1.5 -> $150,000
When POSS is $2 -> $200,000
When POSS is $2.5 -> $250,000
When POSS is $3 -> $300,000
When POSS is 3.5$ -> 350,000$
When POSS is $4 -> $400,000
When POSS is 4.5$ -> 450,000$
When POSS is $5 -> $500,000
Liquidity is added. That’s $2,750,000 in total.
When are the new listings?
We know that we continue to develop a project that will revolutionize the blockchain world. Again, we know that after what we will do, “Where will the poss be listed?”, “Will it be listed here as well? Such questions will be meaningless. Because POSS will be everywhere. Coming back to today, we can announce the first good news: We are in talks with a total of 4 different exchanges, one of which is one of the top 10 in terms of volume.
We have already reached the end of the negotiations with them and have agreed on 90%. But we are waiting for the right time to announce the listing and go public. The reason is the massive drop in the market. The way and timing of the presentation is as important as what we do. the “BTC Fear & Greed Index” has been hovering in the 15–25 range for some time now, which explains investors’ reluctance to buy. We do not want to announce news at the wrong time that will have a bigger impact in other market conditions. We will continue negotiations and finalize the deals, and the listing and dates will be announced gradually. At this time, it is not possible to provide a date for this. In order to protect you, we will monitor the market and announce the names as soon as possible.
Partnerships coming soon!
Equally important to the confidence of new investors is who will stand by us until we reach the point we want. We have proven that with dozens of partnerships we have announced so far. The partnerships we have entered into so far are other projects that are interested in the project or institutions from which we receive infrastructure services. The axis of partnerships changes with the Posschain testnet. Because the testnet, which will be the first result of the Posschain network, is the first door to the innovations that we will bring. What we will do has the potential to solve many problems of many projects. Some projects have recognized that and knocked on our door. For them, we are working on integrating Posschain products based on the principle of interoperability. We will announce the names when the product and negotiations are finalized.
HOW ARE WE CLOSING 2022?
We value the promises we make to our investors. In that direction, we have tried to fully deliver on all the developments in our roadmap. If we look at the point we have reached: Posschain, which came up in early 2022; after successful ICO processes, it was listed on a very high volume exchange like Bitmart before completing its first year. We could not have done it without you!
We are in the last quarter of 2022, and this is the first project we plan to launch before the end of 2022: Posschain’s own wallet.
Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions.
The Posschain native wallet will serve on the BSC network until the mainnet process. After the mainnet process, there will be a transition to Posschain’s own network.
Why is it important?
First, optimization. With cryptocurrencies, you pay a fee for each transaction, and each transaction takes a certain amount of time. With our system, developed in accordance with the POSS infrastructure, we have the opportunity to both reduce gas fees and shorten transaction times. In addition, we believe that the existing wallets on the market are not very functional in terms of security and design. “Switch when there’s a mistake!” We are looking forward to launching our first product with our vision.
HOW WE START 2023?
First of all, we celebrate our successes with a nice New Year’s Eve party.
First of all, we celebrate our success with a nice New Year’s Eve party. After? We are releasing the developments one by one. So what do they have?
If we go in order of importance: The Posschain testnet will be operational in the first quarter of 2022. During the testnet process, the world will have met the Posschain network for the first time. We look forward to the moment when the technical document written on the pages becomes concrete.
CHAINS WILL BE CONNECTED WITH POSSCHAİN
It is a very important quarter because in this quarter we will see the early stages of most of the developments underlying Posschain. The first version of our cross-chain protocol is one of the improvements you will see in the first quarter.
Cross-chain or “cross-chain”; It is a technology that aims to maintain uninterrupted communication between different blockchains and in this way connect blockchains. With this technology, isolated blockchains achieve interconnection with each other. The best example of this is how phone companies with different networks can make calls to each other. Blockchains also need this kind of common structure. The more different blockchains can be connected, the greater the efficiency.
POSSCHAIN HACKATON 2023
Consensus & sharding optimizations and POSS universal explorer are other improvements in the first quarter.
Posschain Hackathon 2023 was planned by Posschain as an event to try to get the best collaboration on some blockchain topics. There will be surprise names at this event, which is open to all developers around the world. We don’t yet know if the meeting will be physical or online, but what we do know is that it’s an important step in the work to shift the world’s focus to Blockchain.
ALTERNATIVE SYSTEM TO EVM
One of the last and most important enhancements of the 2022 quarter will be the VM (VIRTUAL MACHINE) development.
The Posschain network contains the EVM-inspired virtual machine. Using EVM as a blueprint,
Posschain has created a virtual machine that overcomes the limitations found in EVM to enable the scalable and sustainable development of decentralized applications.