S2E24 | TranscriptÂ
Roman: [00:00:03] Yes. Hello, everyone, and welcome to the Weekly News Digest. And we're happy to share with you the progress of the past week and today with you are Roman, Serge.
Serge: [00:00:16] Hello, everyone.
Roman: [00:00:20] As another short reminder, you can ask your questions via Google form, via text chat, or like to ask a question live. Just raise your hand and we will let you ask a question and the recording will be available in a couple of hours. And let's get started.
Serge: [00:01:15] Mm. So, um. Starting from what happened during this week. So we tested the ENX, bridged in bit network and enabling station and all ENX dependent functions also tested how it should be activated via the fork handling fork resolving mechanism of our nodes. So during these tests we found some places to improve in the user interface, including a feature that were asked by community before about not token tiker or symbols, but also names itself. That names were like ranked in a way, but we removed this. It was or over. And so it was unnecessary. So now talking names will preserve its names, except maybe very special and. Unusual names. As as a result of these tests, we are ready to move on and to release. Finally, release bridge into the Pulse network and the mainnet. And we will start this next week. The procedure of the release, as we told before it. And we reserve up to two days, two days for all release, involve all procedures connected with this release. So it may take time and we will inform about the process during the release and final require time to to make this network upgrade. It will be announced during the release procedure. I guess that is all. Maybe I missed something. Roman.
Roman: [00:04:19] Well, I guess about the bridge. That's all. Yes. And one more time we will announce all the stuff on Monday about the network stuff and so on. So please look forward to the announcements. And we have one more news about the issue with the block time, which was solved this week. So please tell us more about it.
Serge: [00:04:55] Yeah. So some users and validators noticed that there were reduced rewards and it was connected. It was caused by the prolonged time between blocks as rewards are fixed to block numbers or less blocks per minute, less words per minute. So we fixed this issue and now the network is stable. If someone also were concerned about the rewards for mining. So, yes, it was network instability. But now it should be in right place in targeted speed.
Roman: [00:06:10] Yeah. Thank you, Serge. And let's move to the question. Block We received some questions from the community. And the first question is, what are plans for advertising and branding? Also, any VC investments
- We will have see investments and fundraising for 2022 and the In this case. Also, we will launch the big marketing program and this program will include branding and so on. And one more piece of news that next week we will have a big AMA and the date will be announced on Monday or Tuesday.
Now let's return to the questions. Um, the question at the BoosterPool, may you said that a part of commissions earned with will be used to buy back ENQ from the market. How many acres are redeemed so far?
- Oh, it's a good question. And I guess we will take it. And we have plans to use the. And earned commissions to buyback ENQ. So now I don't have information about how much how many ENQ we had already bought. So maybe you know something.
Serge: [00:07:49] Uh, sorry I missed from what budget should it go? Because I think we had several approaches for buyback. I just. Is it about from ENEX.
Roman: [00:08:08] Earned on booster pool?
Serge: [00:08:11] Ah, I see. It's about booster poll question. Yeah. Uh. So as far as I know, there were not touched just lying on the contract. So I think this process was not started, but maybe I am wrong. So yeah, we better check. We will check.
Roman: [00:08:37] We will check. I. Point this question and we will check and answer it next time.
When Start fundraising for Trinity 2.0?
- It's a difficult question and think it's better to save it for the upcoming AMA Mike because I can't answer it. Uh,
When the bridge will be launched?
- The bridge will be launched, I hope, next week. And let's see. Hope everything will be smooth with merge and launch.
Serge: [00:09:17] So just we target to Wednesday as a release. But as I said before, it may a bit fluctuate based on. And we go through all steps where a lot of things to do to upgrade the network so it might variate in time.
Roman: [00:09:42] And the next question.
Are you aware of celo project?
No, we are not aware of celo project.
- We are. Let me say, I researched this project when they just started their marketing campaigns, and we found some very interesting approaches from their marketing to use in our own marketing campaign. So it's I guess it's very good project with their audience and we will try to just receive some audience from their data and maybe.
I see their strengths and develop something similar. Attractive. They. Are attractive in case of their marketing. First of all. And gains a lot of clarity. And their popularity is because of their very good and first of all, very expensive marketing campaign, which they launched more than one year ago. Is there any way the team could make more YouTube TikTok videos? We will work on the academy and marketing videos soon. Now all our power concentrated on the function so we don't have enough resources for. Yes, in 1 or 2. We'll use the videos in the future. So that's all the questions. Thank you, Serge. Thank you, everyone. Who. ask The question.
Serge: [00:11:36] Yeah, I checked about fees of booster pool, so currently they are not reasonable to use it for buyback because they are. These amounts of fees are comparable with the transaction fees. So it should gather more more fees to make it reasonable to make some buyback options.
Roman: [00:12:06] Yeah. Thank you.
Serge: [00:12:08] See you next week. Next week we will have a lot of very cool and interesting news. Bye bye.