–== Creditbit status update ==—
DEVELOPMENT PROGRESS REVIEW
We are working hard to develop all the Smart Contracts and CreditBit features that we promissed, here are some abstracts on our progress.
CreditDAO and CreditIDENTITY Smart Contracts are almost finished, due to interlacing of both we had to develop IDENTITY first. We also solved the financial part and testing the whole system. We will deploy contracts on testing networks today to live test all features. IDENTITY will probably be deployed on the main-net by tomorrow evening. We will post updates as soon as it happens.
CreditDAO Executive Board members will have some dedicated powers, so there is plenty of room for you, members of Community, to participate in the future development of CreditDAO and Community as a whole. Elections will be fired soon after the deployment of both Contracts on the main network, we will announce them to start the candidature.
Although this rather small and simple Smart Contract seemed like an easy task, we had to review our thinking process along the way.
Each user will be able to establish an identification Account, with several Ethereum Addresses attached to it. An account is also connected to several identification fields (name, surname, address…). This way, a person can disclose his identity and all Ethereum addresses that belong to him/her.
First question was whether to enable full identification of a person with several dedicated fields, or just basic identification with one big text field. We decided, that in a first version of CreditIDENTITY, an Account should only have max. 10 basic fields, but additional fields can also be added to extend the basic set. Each Address can also have a quickname.
Each identity account can attach unlimited number of Ethereum address to it, and this transaction is verified from the owner of the account and the owner of the Ethereum address (handshake principle), to prevent people to attach addresses, that don’t belong to them, to their personal account.
Personal information will not be verified for now, but one address (the Facilitator/Administrator) will have the power to delete accounts in case they would contain insulting, threatening, misleading, offensive… information. The history of each account will be tracked, but the owner will be able to update personal information at any time.
To create a convenient way to interact with these Smart Contracts, we are going to create an application, that will help you to establish your accounts. Detailed information about how to do it directly from your wallet will not be published for now, as we find it inpractical to use Smart Contract this way.
Webpage is also updated: CreditIDENTITY
DAPP (in development)
These Smart Contracts are even harder to think over. Developing must take into account several “human” aspects, like inactivity, resignation, incomplete applications, candidature, etc. We must also include features like rights transmission, mandate expiration, etc.
This is why most of these contracts have to be extensible, upgradable and flexible. Most probably first version of both contracts will not cover all requirements, also probably some will emerge after the practical usage of the DAO. We are planning to start with developing version 2 of both contracts right after the deployment of the first version. We avoided some quite neat features in the first version, that would require just to much of our time.
First elections for the Elected Commons will start really soon, they should be over by the end of July, if no obstacles will occur. There are still many problems to tackle, as distributed application is also developed in parallel.
Executive Board with all sub-funds will be generated at once and filled with CRBITs that were created and locked at the migration. After the elections of the Elected Commons and consequently the elections of Executive Board, the right to manage these sub-funds will be granted to EB members.
We would like to stress again, that all candidates for EB will have to reveal their identity with CreditIDENTITY, personal data will be verified by the Community to guarantee that it represent a true person. We would like to attract trustworthy, technologically versed and recognizable persons to candidate for the place in the EB.
So, keep your shorts on, because the DAO will be released really soon after the IDENTITY!!!
–== Markets/Media update ==—
Online public meeting
We are short of time to push forward this meeting at the moment, but we are most definitely going to create this event as soon as both Smart Contracts are deployed. Probably in next 2 weeks we will announce the themes/subjects and the channels.
Last days the price spiked again, but generally it is stabilized and is showing a positive trend again. We are doing our best to join some other Crypto exchanges but sadly they also have some technical problems with new Ethereum Tokens.
Meanwhile, average of 400.000$ worth of trading is executed each day in the exchange markets and rising. Our plan is to reach 1M$ of a daily trade till the election of the Executive Board.
There has been a lot of positive media coverage about the project just to show you some of the articles:
Greetings community, again… brace for updates…
We have added a new subpage for you to understand CreditDAO a little bit better –> CreditDAO, tell us what you think…
After community feedback we have also redesigned the old Creditbit subpage –> Creditbit, tell us what you think…
As for community request we have implemented auto-login script for slack so users will be added automatically to our channel. (CreditSlack)
Slovenian translation of the whitepaper is completed and is available on CreditWhitepaper-SLO.
We have also verified our contracts on etherscan.io, so users can easily check the source code and status of the contracts(totalLockedSupply, migration statistics, getAccountData, virtual calculation of BOND reward and much more)
- CreditBIT – https://etherscan.io/address/0x194275eac002704c962ac8166deea023ea4fc433#readContract
- CreditMC – https://etherscan.io/address/0x194275eac002704c962ac8166deea023ea4fc433#readContract
- CreditBOND – https://etherscan.io/address/0xb1ff5064a2c04f42c3922e951c80ac3b86baeaaa#readContract
Also the CreditBIT token view on etherscan has been updated with additional data and became verified, we are just waiting for rich list and listing on etherscan token list.
For easier tracking of Creditbit mentions we have integrated twitter to our slack channel so everyone can see how much and what people are talking about our project.
Besides that, Creditbit is now (thanks to bigmo) a part of myetherwallet, that means that the balance will be shown automatically, without adding the “Add custom token” data.
There is a also new CreditBIT Info App available… Link
We are still on track with all our goals, even more we have started to plan Credit 3.0, which is an other phase of projects that will be announced as soon as we finish most of our Credit 2.0 milestones.
CreditBOND – Done
CreditMC – Done
CreditBIT – Done
CreditDAO we have finished the financial part of the DAO, so as soon as we manage all the users that had issues with migration and finalize the migration, smart contracts will be deployed and active community members will be able to get paid for their great contributions to the project in Creditbit.
CreditGAME – We are currently solving some issues for generating random numbers, when this is done CreditGAME will go live.
Credit* – Figured out everything that is needed to send messages to players and users, we start with the development as soon as CreditGAME is live.
CreditID – We have also started with the development of CreditID, lots to do but expect a firm release date in the next update.
The community is growing day by day which is good, but what is unbelievable is that some of the community members are helping wherever they can to add value to the project, we are honored to have such awesome guys in our project (team). We would like to honor some of the most active users with open invite to join the CreditDAO in advance and help us to build the BEST DAO in crypto space.
- macrypto – Has made a stunning 3D designs of our new logo, we and the community love it and don’t worry, CreditDAO will make you a donation (Images)
- LowByter – Is a great member of the community that helps users when they are stuck, besides that he has started his own video series with Creditbit tutorials, this is just awesome, we hope you will be doing even more of these videos as a part of CreditDAO (LowByters youtube chanel)
- bigmo – A great developer, who is ATM implementing CreditBOND functionality into Trezor hardware wallet, we thank you for your contribution and humbly ask you to be part of CreditDAOs development team(His guide)
- TheBitcoinRush – One of the best media presenters in crypto world has made a new video about Creditbit, we are Honored (Video)
- Credit_2.0 @ Instagram – Thank you whoever you are, you fantastic stranger who started an awesome Instagram account about Credit project
Besides our great community we were also honored to catch the eye of one of the titans in the crypto world Charlie Shrem (More…), we hope that he will watch us and support us even more, maybe, just maybe he will like the project so much that he will candidate for a place in the CreditDAO board. (One of his tweets: https://twitter.com/CharlieShrem/status/852520618377564160)
Past few weeks were really nuts, we have jumped with our marketcap to between 20 -30th place, but after the price has consolidated we are at around 50th mark, which is still a great place for a new project under active development. We will be back shortly.
There has been really a lot of media articles about us, just to show you a few:
We have completed the migration successfully, we have migrated 11,870,283.08104604 CRBITs to CRB, we have still some users that were not able to make the migration because of external factors and we are helping them solve these issues. When those tickets close and all of them have migrated their coins we will close the migration for good and publish statistics and voting decision. In the mean time, you can check the status of the votes and migration at etherscan on CreditMC contract.
Yours hard working,
Creditbit dev Team
Greetings community, there has been some time since our last post, but we haven’t been sleeping, so brace for updates!!
–== Creditbit status update ==—
Have you seen, the new Creditbit sub page (https://www.creditbit.org/creditBit.html), tell us what you think…
We have also added the Parity installation and implementation guide to our guides (https://www.creditbit.org/tokenGuide.html).
As there is a lot of great community members from Slovenia we are working on Slovenian translation of whitepaper(Want translation in your language, pm us on slack).
If you don’t know yet, Creditbit can be simply implemented into whatever service on ethereum that follow the standards, so if you havent seen the blockexplorer its here => https://etherscan.io/token/0xAef38fBFBF932D1AeF3B808Bc8fBd8Cd8E1f8BC5
2 of our best and most active community members are on their way to BlockShow Europe to represent our project, we are wishing them all the luck and hope to see some pictures soon!
–== Development update ==—
We have been diligently working on next phases of smart contract development and its going awesome!
CreditDAO is almost finished, we are in the final stages of voting mechanism and we believe it will be deployed on kovan testnet in 14days. This is waaaay ahead of schedule which means that we will have time for proposals, alterations and testing to fine tune DAO so it will be the best decentralised organisation in crypto space! That is why we kindly ask the community to test and give us feedback on this.
CreditGAME is also on track, we have made the core contract(platform for games) and are now developing the “lotto game”. As soon as we have a working prototype we will tell the community so you will be able to play and test it on testnet. We have also planned to make 2 more games(hopefully before the launch of the CreditGAME), “Jenga”, where players play against each other in the blockchain based implementation of popular board game. The other game will be a game of bluffing and chance, we will go in depth in future updates when games dynamic is fixed.
Credit* we are toying with a concept of a messaging system for the players so they will be notified when their turn is up, so they will not need to be on the computer all the time(We are in early stages, so we ask you kindly to give us ideas and proposals on this new project).
CreditBOND, its finished and already implemented(Sorry to be sooo ahead of schedule ), you can lock your coins in the smart contract and claim bond reward whenever you please. Of Course the tutorial will come soon, but for those that want to start we are more than happy to guide you through on slack.
–== Community update ==—
Our community is still small, but growing from day to day, we really love you guys and want to work with you even more, so anyone that want to help us build the CreditDAO/foundation of the project in the early stages so he will be able to work with us, should PM us as soon as possible!!!!
We will also start with slack meetups in next week where whole dev team will be present and discuss new ideas that can be implemented in the future.
–== Markets/Media update ==—
Well what can we say, it’s mindblowing to have such a support from the community that the price and capitalisation has risen so significantly. We would never think in our wildest dreams that you will support us as much, THANK YOU SOOO MUCH!!!
We are now in the place where everyone is looking at our project, so we need to do even better than our best, to show you the community that your trust have not been misplaced.
–== Migration update ==—
Migration is going as planned, users that have migrated have gotten their CRBs instantly and as far as we know everything is on schedule and working properly.
We have already migrated 5,648,178.97584331 CRBITS and users automatically got CRBs on smart contract, which is good but not the best, we kindly urge other users to start with migration because after we close it there will be no way to exchange old CRBITS for CRBs, which will make your old coins worth 0.
Two largest exchanges that trade CRB have already migrated users balances, we hope other exchanges will do the same, if not its up to you-Users to do it by yourself!!!!
Because users had some issues with the old wallets and blockchains we will prolong the migration, we don’t know for how long, but we want to help all the affected users on by one so everyone will be able to make the migration.
There will be detailed migration report with all the numbers(that you can already see on CreditMC), calculations about the DAO revenue posted in future days…
At the end we would like to thank you for the vote that you have made through the migration process, we have never in our wildest dreams thought that you will give us and CreditDAO so much to work with. As you know the dao funds will be locked and no one will be able to sell them only the stake will be used to award the community efforts. And because you have given us so much that we can commit to the project in full, we will LOCK the dev team reward until everything is finished. Besides that we will make a future plan for phase 3 of Creditbit that will focus on usability and new use cases for our great coin. With that we hope that we will show you that we have yours best interests in hearth and will make Creditbit event bigger and better!!!
THANK YOU COMMUNITY!
Yours happy and devoted,
Creditbit Dev Team