November Roundup: Start of cross-chain raises with Script Network, Aleph Zero Bridge & More

Project Updates

Stabble’s 3rd Milestone Voting Approved

Stabble’s Milestone 4

• Conducting their IDO, TGE & Listings Specifically, Stabble aims to close the public sale round and list their token on one of the top 25 CEX platforms according to CoinMarketCap, and one DEX with a minimum initial liquidity of $200,000.

Product Updates

Cross-chain Raises

• After completing a rigorous testing phase, we are thrilled to announce our ability to facilitate cross-chain fundraises. Our upcoming protocol raise with Script Network will serve as a testament to this capability, allowing investors to contribute USDT on Ethereum and receive Script tokens($SCPT) on BSC. Our team remains committed to further developing our cross-chain solution to enable seamless milestone unlocks and token claiming.

Aleph Zero Bridge

• At the same time, we are continuing our development for the Aleph Zero cross-chain messaging bridge. The development of the bridge is progressing very well, and we expect to release it in early 2024.

Other Product Updates

• UI improvements: The vesting schedule for raises is now visible to investors in their dashboard for upcoming releases on projects they have invested in.

• Browsing the website: We have improved our user authentication mechanism to allow unobstructed website browsing without unnecessary pop-ups.

Development & DevOps

• We successfully upgraded our fundraising mechanism to version 2.0.0. This required extended data migration from the previous version and now enables cross-chain fundraise to happen,

• As mentioned in the product update, this upgrade paved the way for our inaugural cross-chain fundraise on the BSC with Script Network. Powered by our LayerZero integration, investors can now contribute USDT on the ETH mainnet and effortlessly claim their tokens on the BSC chain.

• End-to-end* automation testing was also enhanced, granting us greater automation during protocol development.

DevOps

• Resolving and optimizing The Graph integration

• Refining voting power calculations

• Streamlining the approved milestones flow

• Simplifying the investor claiming flow

• Upgrading our backend infrastructure to the latest Python version (3.12)

Upcoming Updates

• We are currently refining our cross-chain integrations to enable seamless interoperability across various EVM blockchains. This will facilitate the transfer of critical information, such as investor data, milestone unlocks, and token claims, across multiple networks. This will significantly expand the scope of our protocol and provide users with greater flexibility and accessibility.

• The development of our Aleph Zero messaging bridge is progressing steadily. This bridge will establish a secure and efficient communication channel between Aleph Zero and other EVM-based blockchains.

• We are currently working on UI updates for project pages. These updates will improve the presentation of project information, making it more intuitive and user-friendly for investors and stakeholders.

Ecosystem

• Total staked: 36,006,541 $THOL (+7.75% from mid-Nov.)

• Stakers: 371 (+5.8% from mid-Nov.)

• NFTs staked: 962 (+2.1% from mid-Nov.)

• Current market value per NFT: 28,481.99 $THOL $

• THOL staking rewards pool: 25,059,533* $THOL

Marketing & Community

Community & Content

• Second AMA Video Update: We released our 2nd AMA video, featuring our CEO Alex and our CFO Leith. The latest AMA video shared info into our recent progress, upcoming plans, and Aleph Zero messaging bridge.

• Zealy Monthly Giveaway: We hosted a Zealy Monthly Giveaway, featuring an exclusive AB NFT as the prize. The quests encouraged community participation and engagement.

• Script Network Communication Strategy: We focused our communication efforts around the Script Network raise. We released articles, posts, and updates to keep our community updated about the raise.

• We're hosting an exclusive webinar for European Tech School students

• Communication of our new raises that will enable our community to participate in and help the overall growth of our protocol

• Communication for the upcoming Aleph Zero messaging bridge. That will provide a comprehensive overview of the bridge's functionality, its significance within our protocol, and the benefits it will bring.

• Even more raises!

Moving Forward