ChainX Ecosystem Monthly Report #4

ChainX

ChainX is deploying XBTC mortgage contracts to realize bitcoin omnichain lending

ChainX is deploying the XBTC mortgage contract and the Client contract that calls the stablecoin pools on the target chains to realize one of OmniBTC’s core businesses, bitcoin omnichain lending. The process is expected to be completed in October, and at that time Bitcoin holders can borrow multiple stablecoins on any chain with one click by locking their Bitcoin. Liquidity providers can obtain staking income by providing liquidity of stablecoins on multiple chains.

ChainX plans to support Move public chain ecosystem

ChainX successfully achieved EVM compatibility in April 2022, supporting the EVM ecosystem. That is, any application of the EVM ecosystem can be deployed on ChainX, and XBTC can be circulated in the EVM public chain ecosystem.
At present, with the gradual rise of the Move public chains Aptos/Sui, ChainX plans to support Aptos/sui and other Move ecosystems, aiming to make XBTC widely used in these public chain ecosystems.

ComingChat

ComingChat official website update

ComingChat official website has been updated, now, it is divided into six modules: Encrypted Communnication,CID,
Omnichain Wallet, OmniBTC, Social Lab, Web3 browser, and all the ways to get CID are organized in the home page. In addition, the white paper in the navigation bar has been updated.
Official website link: https://coming.chat/

Whitepaper link:https://coming-application.oss-cn-hongkong.aliyuncs.com/coming-website/ComingChat%20white%20paper%281%29.pdf

ComingChat KSX mining ended

KSX mining is all over. Users can still accumulate more KSX in other ways, such as using PCX/MNI and other tokens to exchange on ComingChat or SoSwap. At present, the KSX obtained by users in ComingChat is being airdropped in batches.

ComingChat wallet supports Polygon/Avalanche/Solana

Now, users can deposit tokens such as AVAX/MATIC/SOL in ComingChat.

ComingChat Omniswap is online

ComingChat is the mobile portal of OmniBTC, and Omniswap is one of the core functions of OmniBTC. Users can swap native assets on two different chains with one click without using a cross-chain bridge. Currently, the Omniswap function already supports hundreds of tokens on chains like ChainX/Ethereum/BSC/Avalanche/Polygon/Arbitrum/Optimism.

ComingChat Discover page update

The ComingChat Discover page has now been updated. Now the page integrates dozens of web3 applications, and is classified according to DeFi/Dex/NFT at the first level, and under the first level classification, it is classified according to the public chain to which the Dapp belongs. Users can easily access and use various Dapps on this page.

ComingChat is developing the NFT group function and social module DAO Moments

ComingChat is developing the NFT group purchase function, which allows users to team up to buy NFTs in a fragmented form and obtain corresponding fragmented tokens. The fragmented tokens represent the user’s rights and interests in the NTF, which in turn affects the new pricing right.

‘DAO Moments’ is a Twitter-like dynamic list that is the main form of ComingChat’s social module. The multi-person interoperability group behaviors such as NFT group purchases or red envelopes distributed by DAO members will be presented in DAO Moments. Other members can interact in DAO Moments, such as comments, or click to participate.

ComingChat is developing Aptos wallet, joining Aptos ecosystem

The ComingChat team is currently developing the Aptos wallet and plans to complete it by the end of this month. ComingChat will launch a rewards campaign to incentivize users to experience the ComingChat Aptos wallet once development is complete. ComingChat has now joined the Aptos ecosystem, as reported by Aptos ecosystem/HC capital and others.

ComingChat red packet function is online

ComingChat IOS red packets have been launched. Users can issue cryptocurrency red packets to relatives, friends or community users in ComingChat group chats. Currently, ComingChat red packets support a variety of token assets on multiple chains. For specific usage instructions, see ComingChat Twitter.

OmniBTC

OmniBTC official website is online

OmniBTC official website is launched. OmniBTC is an omnichain financial platform whose core functions are:
1. Omnichain swap
2. BTC omnichain Lending
Official website link: https://www.omnibtc.finance/#/

OmniBTC Omniswap feature goes live in ComingChat

ComingChat is the mobile portal of OmniBTC, and Omniswap is one of the core functions of OmniBTC. Users can exchange native assets on two different chains with one click without using a cross-chain bridge. Currently, the Omniswap function already supports hundreds of tokens on chains like ChainX/Ethereum/BSC/Avalanche/Polygon/Arbitrum/Optimism.

OmniBTC is participating in the Polkadot slot auction

OmniBTC plans to support the Polkadot ecosystem through this slot auction to further achieve the goal of the full chain. After winning the slot, a new Wasm+EVM parachain will be established and the LayerZero protocol will be deployed in the parachain EVM. With the help of the XCM protocol and the LayerZero protocol, the token of the Polkadot ecosystem can be exchanged with the token on any other chain with one click, introducing a true full-chain ecosystem for Polkadot.

In addition, through the XCM cross-chain protocol, more Polkadot ecological stablecoins such as $aUSD and statemint $USDT are cross-chained to this parallel chain to establish a corresponding stablecoin pool. Users can pledge these types of stablecoins in OmniBTC And earn income settled in stablecoins. Bitcoin holders can directly borrow Polkadot stablecoins such as aUSD and USDT by locking XBTC on OmniBTC, thereby bringing the Bitcoin full-chain lending business into the Polkadot ecosystem.

Article link:https://medium.com/@omnibtc/omnibtc-announces-participation-in-slot-auction-to-introduce-omnichain-ecology-to-polkadot-7404a6e24e7

Voting link:https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/parachains/crowdloan

OmniBTC OmniLending feature is under development

Currently, one of OmniBTC’s main businesses, bitcoin omnichain lending, is under development. Development is expected to be completed in October.

OmniBTC plans to support Move public chain such as Aptos

OmniBTC plans to support Move public chains such as Aptos/Sui, embrace the Move public chain ecology, and bring Omnichain swap and BTC Omnichain Lending functions to it.

SoSwap

SoSwap has launched 1U GRAB game

SoSwap has launched the 1U GRAB game. Users have a chance to spend 1u to win big rewards.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ChainX

ChainX

4.8K Followers

ChainX is the largest Layer-2 network of Bitcoin, based on Substrate, and will evolve into the Polkadot Secondary Relay Chain.