140th Weekly Report of Molecular Future
Hello, friends of Molecular Future:
Here comes the 140th issue of Molecular Future Weekly with continuous reports of industry news and hot topic. Molecular Future’s DeFi ecological product MilkSwap will be launched on September 22, 2020. For more details, please check the official follow-up notifications.
Best Fund this week
XBTING Foundation ETF Fund (USDT)
Initial net worth (19 February, 2019) 1
Latest net worth (20 September, 2020) 1.5464
Total increase +54.6%
Keep up with Molecular Future
Molecular Future’s DeFi ecological product MilkSwap will be launched on September 22, 2020
MilkSwap is a decentralized token exchange protocol based on the Ethereum network. It uses the AMM automatic market-making model. It has been iterated and upgraded on the classic design of Uniswap. Anyone can perform liquidity mining on MilkSwap. Milkswap is a fair launch project that users can enjoy a smoother trading experience and higher mining revenues.
Optimized the SDK of fund products
Optimized the transaction attributes
Optimized the display data of the token asset list
MOS Financial Public Chain
Optimized the randomness of seed node selection
Added type dependency check
Optimized the public data acquisition function in the contract
Completed the fault tolerance test, with the initial test fault tolerance rate up to 1/3
Increased the number of nodes to 1000, ready for the next round of node testing
R&D for MilkSwap testing
Uniswap launches governance token UNI to open liquidity mining
According to official reports, Uniswap’s protocol governance token, UNI, has now been released on the Ethereum mainnet. Ethereum address is 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984. Officials stated that the initial supply of UNI is 1 billion tokens, of which 60% will be allocated to Uniswap community members, 21.51% will be allocated to team members, 17.80% will be allocated to investors, and 0.69% will be allocated to advisors. Initially, UNI can be obtained through 4 liquid mining pools. After the initial 30-day governance period of grace, UNI holders can vote to add more pools. The initial liquidity mining plan will be implemented at 20:00 on September 18, 2020 Beijing time.
Researcher of China Bank of Communications: Blockchain and other financial technology applications have changed traditional banking business processes
Deng Yu, a researcher at the Bank of Communications, said in an interview that we have entered the digital age. The most notable feature is the emergence of a large number of financial technology applications such as big data, artificial intelligence, blockchain, and cloud computing, which has changed the business process, development model, and customer service methods of traditional banks. The existence of a bank is no longer a purely physical branch, but an online service. Even the presentation of “zero-touch service”, which is embedded with digital genes, realizes the interconnection of everything through 5G and mobile devices, breaking the service boundaries and time limits of traditional banks.
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Molecular Future is jointly invested by Molecular Group, Eagle Fund, Hong Kong Capital Fund, XBTING Foundation, HCASH Foundation, and Bank of China Capital. The platform uses stable and secure blockchain technology and connects with the world’s top financial quantification teams to provide users with efficient and convenient financial services.
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