Updates of Project Progress that the ICPSwap Community Cares About
Dear ICPSwap Community,
It has been almost a year since The InternetComputer Mercury Genesis. And its ecosystem is witnessing a rapid-growth trajectory. The smart contracts, also known as Canisters, running on the InternetComputer Blockchain have surpassed 47,000. That is a milestone for the IC ecosystem.
We have been heads-down and sunk our teeth into our goal of building ICPSwap into the DeFi infrastructure of the IC ecosystem and simultaneously a hub of the projects to fuel the explosion of the IC ecosystem.
Nonetheless, some constraints, such as the official token standard of the IC ecosystem that is still not unified and the lack of Motoko code auditing agencies, may not be under our control. That said, ICPSwap always pushes towards its stated goals. With our team working around the clock to get ready to launch the ICPSwap 1.0 officially, we will have a lot to announce that the ICPSwap community cares about:
1. The Official Version of ICPSwap 1.0 — April
We plan to launch the official version of ICPSwap 1.0 in April 2022, and the functions of the ICPSwap Beta 3.0 will be iterated and optimized one after another until it is available to launch the official version. We will continue this mindset and mechanism to continuously improve the product experience and stability of the official version.
2. Token Standard — Exponent
Based on ICPSwap being the hub of the IC ecosystem, the team has been thinking about the direction of the ICPSwap product in a way that will facilitate the development of the IC ecosystem. So we have also adjusted the idea of waiting for a unified token standard to supporting popular standards within the IC ecosystem, to help more projects of the IC to use MOR to trade efficiently and create liquidity and Use of Farms.
We will prioritize and follow the EXT token standard and add support for DeFi on top of it to improve application scalability. In the future, we also plan to support other token standards in the IC ecosystem, such as DIP20 and DFT.
3. Extended Wallets — Plug and the Others
In addition to using ICPSwap’s built-in wallet, we will also adopt Plug wallet in ICPSwap 1.0 (internal testing is complete). In the future, ICPSwap will support Stoic Wallet, Ratels Wallet, et cetera.
4. The Issuance of $ICS Tokens — the Plan and the Backup
We are waiting for the finalization of the DFINITY Foundation on the official token standard and hope to issue our $ICS tokens accordingly. At the same time, we also have a backup plan. We follow the token standard that is the more popular and recognized in the community, optimize it to be more applicable to ICPSwap, create the token standard for $ICS, and then issue $ICS in 2022 Q2. We expect it to be born the way the community wants it to be.
5. Free-trade the NFTs
We will launch the NFT Marketplace in ICPSwap 1.0 to make free trading of NFTs portable. The most significant use case of NFT Marketplace is that it supports free trading of ICPSwap MOR Position (LP) NFT (received by creating liquidity in ICPSwap’s trading liquidity pool), where anyone can create NFT and trade it freely. The NFT Marketplace is fully decentralized.
6. To Open-source the Codes
ICPSwap is committed to building a decentralized financial hub in the IC ecosystem. In the future, we will also open-source code to the DFINITY community by ICPSwap Labs, including the underlying system functions, DeFi-related functions, ICPSwap functions, and so on, to support projects built in the IC ecosystem. The developers of the IC ecosystem can build projects of the IC together simply and easily through ICPSwap Labs. We welcome developers in the ecosystem to join us.
7. Secured the Follow-on DFINITY DEVELOPER GRANT
With the code to be open-sourced and some functions and benefits for the IC ecosystem, ICPSwap has again got the DFINITY DEVELOPER GRANT. We are working hard to better contribute to the IC ecosystem. Thanks again for the DFINITY support in terms of product direction, technology development, et cetera.
In addition, DFINITY incorporates on-chain governance, a more diverse and richer component development, and blockchain native data storage capabilities to lower the entry threshold for developers, thereby revolutionizing the paradigm for building applications, allowing them to deploy applications and services on InternetComputer more efficiently and seamlessly. It is no exaggeration to say that developing in the IC is truly a fantastic experience.
8. Welcoming Partnerships
We have received a lot of support and help from projects in the IC ecosystem, and we have built a great partnership with them. We are also holding events together. We have benefited a lot from this. As a hub of the IC ecosystem, we want to be more open-minded and cooperate with more projects of the IC ecosystem, and we will.
Please feel free to contact us by email if you need our support. We will be happy to build a strong and prosperous IC ecosystem with you.
Contact us: contact@icpswap.org
9. The DeFi Year of InternetComputer
History has chosen Blockchain, where DeFi, one of its most fascinating subspaces, is currently undergoing more innovation and iterations amidst its progression on a series of public blockchains. So is the Internet Computer of DFINITY!
ICPSwap, a native project of the Internet Computer, is soaring with DFINITY, who is determined to name 2022 as DFINITY’s DeFi year! Then become one of the outstanding projects.
Thanks to all for your fantastic support and patience. We fully feel your everlasting support and are committed to requite that trust by providing a well-established, full-stack decentralized financial hub.
Yours truly,
The ICPSwap Team
March 31st, 2022
About ICPSwap
The Hub of Future Decentralized Finance
Build on the Internet Computer, ICPSwap establishes an ecosystem of genuinely decentralized finance by refactoring the way users and developers build projects jointly.
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