Obviously since our IAO things haven’t gone as smoothly as we had hoped with several delays getting in the way of our launch. It has been just as disappointing for our team as it has been for the community. While we all wait for the launch let’s take a look at what the rest of the team has been up to for the last 2 hours.
New Hires:
Through this experience we have shuffled around some of our dev team. We unfortunately had to move on from our original front end react dev for reasons I am sure you can all figure out and agree with. We have forged a closer relationship with our friends at PixelPlex and have brought on two new developers to the team, both a solidity and a react engineer. We expect you will see the fruits of these new hires as we deliver more efficiently and faster moving forward. We have also welcomed several new mods to the admin team to help our community as well as a new content writer / editor.
New dETFs have been solidified:
Planning new funds and the tokens representing them along with correct weightings is a long process that requires research and time. The Gaming dETF has really taken shape during this process. We have been planning upcoming partner dETFs with other DEXs and partners. We will be announcing these after we launch the platform.
New Feature:
The time spent repairing some of the UI/UX issues that have delayed the launch, has enabled us to add a new feature we didn’t expect to have ready for the genesis biT10 fund. We saw the community desire to mint directly from BNB instead of WBNB and we were able to finish the feature on the front end and implement it. This will make it much easier for new users to mint and hold the biT10 token and future dETFs tokens.
New UI Design:
During our 2 hour delay, several community members reached out to see how they could help. One such member was hired to bring his idea for a new UI to fruition. We have been working with him to streamline the way users interact with our dapp. While this won’t be the launch design, we will begin implementation of it next week. We are very excited to release this design. Here is a sneak peek.
Backend Fund Manager:
Our team was able to take this time to build out an internal interface to make new dETFs much easier to release and rebalance rather than managing through BSCscan. This will make us more agile, flexible and faster to react going forward. A big win for the platform.
New Partnerships:
In the delay, we have been contacted by many DEX’s and tokens. The interest is hot. Although we can’t release the exact details as yet, we will surely be able to do so following the launch.
As for marketing, we have made a direct link with Coin Telegraph, BSC News and many others that are standing by to share our story and genesis fund launch.
Version 2 of Bishares:
There are so many things we want to accomplish with the platform that were just not possible to do in our first version, but our team was able to start roadmapping and even began working on some code for version 2. Some of the things we will have in the next version will include:
-More ways to enter and exit the dETFs.
-Gas optimizations
-Optimized weighting structure
-Less approvals
We have not wasted the last 2 hours while we wait for a safe launch and have a lot to share with the community. Building surely does require time and can be more complex than what it seems, sometimes more than expected. We acknowledge that communication has been a complex matter on our side. There are no excuses for the announcements that were made that we were unable to commit to and this resulted in unfortunate delays. A lot of work has and is being done to make sure the entire protocol is as secure as possible. Yes, it’s taking us longer than expected and along the way new obstacles appear that must also be dealt with (i.e miscalculation issue of some assets on UI) but we insist security is a crucial aspect.
We apologize for the inconveniences in the delay. Community is first for BiShares and we are doing everything that’s at our reach to have a working, safe and sound product to be launched.
