Weekly Update: W/C 21st November, 2022

Good evening @everyone 👋

This week the team have been busy continuing to build the Governance portal. The user interface is coming along nicely. We can’t wait to show you.

Next week the activity area (comments, voting activity) is going to be advanced, and the API integrated. After that it’s on to mobile support.

The Governance API, which sits in between the user interface and the blockchain, has come a long way too. Indexing features have been implemented, which allows it to keep track of proposals being created, as well as comments and votes for proposals. There has also been some work integrating a streamlined beta version of Edge Storage for proposal and comment content storage.

Over on the XE blockchain, the governance protocol has been implemented, and is now undergoing tests before being integrated into the Governance API.

To take part in the project governance wallets will require a governance stake. Each wallet can only have one of these. One stake, one vote.

Posting proposals, commenting, and voting will cost XE. Everything happens on chain, meaning that there will be a full public history of governance. All XE for these activities will be sent to a fee wallet — and we’ve designated the zero address (xe_0000…0000) for this purpose.

That means all XE spent on project governance will be burnt 🔥

Alongside work on governance, there was a fix deployed to Index yesterday, with v2.0.5 being deployed to mainnet, fixing a couple of bugs in blockchain sync.

Marketing activity continues, with all social channels remaining active and present. The team are exploring some ideas around expanding the marketing team, and will share more with you when this has developed further.

It may only be a short update this week, but don’t be fooled, it’s been a busy week and there are some great things happening behind the scenes. The aim is to have project governance ready and available within three weeks, so we’re working hard and late to hit this target.

Tune in next week for more 🍿 time!

Enjoy your weekends 🍻