witnet

3 min read - Posted 19 Nov 18

Witnet Monthly Report — June 2018


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Today we want to share what we have been up to over the last month, the challenges we have met and the progress we have made towards our first milestone: the Witnet prototype .

💰 Fundraising

We’ve now finalized the accounting of the WIT token pre-sale . These are the figures:

  • 250M WIT tokens were pre-sold for $7,593,514.62

  • The price per token was $0.030374058 This gives us a healthy runway, enough to hit our next milestones :

  • Prototype: September 2018.

  • Testnet: January 2019

  • Mainnet Launch: Q4 2019 Also, during our sale we have agreed on partnership with amazing teams : Reflective Ventures, the RChain VC arm, who contributed $3M; Aragon and district0x.

💜 Team

During June we’ve introduced you to Mario , a full-stack engineer and scrum master who has joined our technical team to contribute to the development of the protocol. We’ve also been lucky to have a full-stack developer join our team over the past weeks. You’ll get to know more about him soon through our Team Insights .

We still have open positions , so if you are aware of the impact a decentralized oracle network will have on the crypto landscape, be sure to check them out!

🔧 Product

Sheikah prototype (Witnet desktop wallet app + smart contracts IDE)
  • The app backend is close to done , and we’ve been refactoring some ciritical parts to achieve rock solid stability and performance.

  • Work on the app UI has started and is progressing at a brisk pace.

  • The source code for our private key exchange format ( SatoshiLab’s SLIP-0032 ) has been isolated into a separate open source library , which we have already released on npm .

  • Modesty aside, code quality this far is top notch . Every minute we spent improving our automated testing and QA setup is truly paying off!

witnet-rust (Witnet full node implementation)
  • As Sheikah’s development is advancing well, we are starting to shift our focus towards starting to accelerate the development of witnet-rust .

That’s what we’ve been working on over the last month! Please let us know what you think of the recent developments by sharing your thoughts with the team.


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