Bi-Weekly #5. Update: 2021-07-16. We continue to make steady progress towards our products launch.

16 Jul 2021, 15:57

Bi-Weekly #5 Update: 2021-07-16 We continue to make steady progress towards our products launch. June’s buyback was started on July, 10 and finished on July, 12. $NUX tokens were sent to the storage address in the amount of 53 515 $NUX: 0x3EcC39e1E4F645FC77af0f2c83FfF1F9E9CaF4BE The average buyback price was ± $0,6 per $NUX. Feeno At the beginning of the following week we finish Feeno smart contract development. Next week we start implementing the API with EIP support. Approximate public release: after the Ethereum’s London Hard Fork. SmartLP We’ve tested smart LP during this week and have some details to share with you. For the first run of Smart LP contract we’ve got an incredible 500% APY (IL included, so it's not "clear" figure) but at the same time we found out the critical bug. Bug fixing has already started and according to the estimates it can take 1 - 2 weeks + at least one week for internal tests. Approximate public release: Mid August. Tokenomics We continue working on tokenomics and at the moment have an approved conceptual vision from @CyberStrategy1 and @TMCTG as a basis. We’re on the stage of calculations and system improvements for every our product. Learn more about the conceptual tokenomics: Conclusion We definitely should wait for Ethereum’s London hard fork, otherwise we will spent resources in not very efficient way for same operations. As an example, our smart contracts depends on each other and when anything changes on basic (protocol) level it could cause changes in waterfall of other contracts. Since we have this possibility together with redeploy of new contract and some changes in it there is no logic in launching contract publicly right now.