Typhoon Network Digest — 2021CW15

Hi and welcome to the third Typhoon Network digest. If you haven’t yet, check-out the previous entries to get up-to-speed with how the project is doing.

This week main topics summarized:

On app volume & token price

$typh has broke its downtrend and is currently at time of writing sitting at around $0.47.5, approaching our IFO opening price of $0.50 This is equally great news as most people that were looking for a quick profit through the IFO are gone at this point, and the airdrop didn’t result in a price dip either.

Airdrop

In total, 9327 wallets were eligible for the airdrop. Each vault had a weight attached (1, 2, 4, 16), that was used to calculate the total airdrop share size, and break it down to each individual wallet.

We also decided to go with the ‘claim’ model instead of dropping into user wallets which helped with getting the gas cost a little lower and bring users back to the site to check it out again. There are other ways to make an airdrop cheaper, such as using cryptography and an off-chain server to sign a message that is then validated on-chain, but it was deemed not necessary for our target set.

The implementation of our Airdrop scripts and contracts is also available on github: https://github.com/typhoonnetwork/typh-airdrop

Hiring and team expansion

On the engineering side, we have 2 potential senior engineers currently in the final interview stage that we are hoping to onboard this week and close the deal.

We added 2 freelance designers that are in charge of general app UI and graphic design, and are in the process of formally hiring our 2 moderators.

Another point worth mentioning is that we added 2 external advisors that are currently assisting us with day-to-day decisions.

Roadmap updates and up-next

Up next is the community relayer system that we brought up earlier, but had to add a non-roadmap item (staking pools) in to deal help with the constant price pressure, and focus on pushing on marketing more.

Other topics that are high priority currently are rewards for providing anonymity, and the governance system that we’re hoping to get out soon.

We’re also having an AMA with bsc.news coming on 30th of April, so make sure you don’t miss that.

Tell us what you think

Telegram: https://t.me/typhoonnetwork

Telegram (Announcements): https://t.me/typhoonnetworkannouncements

Twitter: https://twitter.com/TyphoonCrypto

Enabling private transactions on top of Binance Smart Chain — https://typhoon.network/