Weekly Report 2020 February #4


In this weekly report (4th Week of February 2020): Huobi users in Russia can now trade VSYS with the VSYS/USDT pair. OKEx is having a promotion of a 10x savings rate on VSYS. Tachyon Protocol has been selected as one of the best crypto projects to follow in 2020 by CryptoDiffer.The Dao Maker introduced our Chief Software Architect, Sunny King as one of the most influential blockchain developers. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts are currently being developed further to support more advanced functionalities. There are several specific functions being developed:

A lock contract feature based on the deposit / withdraw function is being developed, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

New Opcode for smart contracts is being developed. These new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

The V Systems payment channel is currently being developed and tested, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deal with a lot of transactions between the same parties.

Utils Development

The V-Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.

V-Cloud is developing web terminal and top-up features. After completed, they will open to public use in the future.

VSYS Supernode rank list website https://vsysrate.com is updating. Sub-node will be supported in the next release.

V wallet is developing sub-node select features and fixing existing issues to make UI more friendly. Users will be enabled to use them in the next release.

Integration with General Bytes (a cryptocurrency ATM) is currently in development.

2. V SYSTEMS-Based Projects

Tachyon Protocol received a 5-star review from CryptoDiffer Midgard

Tachyon Protocol has been selected as one of the best crypto projects to follow in 2020 by CryptoDiffer Midgard. According to the review, Tachyon Protocol is able to solve the problem of security, stability, and transparency. They remarked the project as a fast and reliable decentralized information network. Congratulations and keep up the good work!

Read more here

3. Global Community Updates

VSYS is now available on Huobi Russia

Knowing the VSYS community is expanding, our team is excited to announce that VSYS is now available on Huobi Russia with VSYS/USD trading pair. VSYS coin holders in Russia can now start trading VSYS with Huobi. Please click through the link below to learn more.

OKEx Spot Margin listing promotion!

To celebrate the new listing on Spot Margin Trading & Savings markets, OKEx is having a promotion of 10x savings rate on VSYS. The promotion starts on February 26, 08:00 and ends on March 12 , 08:00 (UTC). Don’t miss the chance, and learn more about the promotion from the link below.

DAO Maker introduced Sunny King

DAO Maker introduced Sunny King as one of the most influential blockchain developers. Sunny King is our Chief Software Architect , also the inventor of PoS consensus mechanism and creator of three blockchain projects - v.systems, Peercoin and Primecoin. In 2020, Sunny King will lead the team to develop more DeFi projects, and together we will bring blockchain to mass adoption.

4. Market Overview

Market Cap

VSYS is now ranked at #66 on CoinMarketCap, with a market cap of over US$82 million.


Screenshot from CoinMarketCap on 28 Feb 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 65.04% on stakingrewards.com. We promise to maintain a healthy staking environment for all token users. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!


Screenshot from stakingrewards.com on 28 Feb 2020

Stay Connected

Remember to follow us on the platforms below to stay up-to-date with our latest updates and announcements.

Official Forum: https://forum.v.systems/
Twitter: https://twitter.com/VSYSCoin
Telegram:https://t.me/VSYSOfficialGroup
Medium:https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:https://www.reddit.com/r/V_SYSTEMS/
Github: https://github.com/virtualeconomy/v-systems

Other Useful Links

VSYS Official Website: https://www.v.systems
Supernode Ranklist: https://vsysrate.com/
VSYS Blockchain Explorer: https://explorer.v.systems