Konstellation Network Product Development Update: Q3 2020 🎉

Konstellation & The DARC Token: Sharing Q3 2020 Product Development Update

Q3 2020: Completed Initiatives

Product Development: Konstellation Network + DARCwallet Integrations 🚀

Konstellation Network:

  • Initial phase of debugging complete. (For list of functionalities on Tesnet Phast 2, see Q2 Recap)
  • Research and implementation of Inter-Blockchain Communication protocol (IBC via Cosmos Network). More on #Stargate here!
  • Specifically focusing on chains providing robust infrastructure for asset management and other DeFi solutions.
  • Invitations created for Testnet Phase 2 Validator nodes. More details on validator nodes, requirements, and timing for invitation distribution to be shared shortly via Medium.

DARCwallet Upgrades:

  • Ethereum integrations finalized. More details to be shared on Ethereum’s addition to DARCwallet shortly.
  • Additional swap functionalities are currently being explored.
  • As of October 12, the following details reflect community staking activities. Visit the latest Staking update: October 12, 2020.

Q3 — Q4 2020: Work in Progress Initiatives

  1. Testnet Phase 2 Validator testing with continued work IBC integration
  2. Incentivized Testnet Phase 3 with IBC integration implementation
  3. DARCwallet mobile development and release
  4. VegaX Investment Product integration with DARCwallet

Additional Community Questions & Answers:

  • Ideally we are aiming to align mainnet timing with the exchange listing. However, we will not commit to providing specific timing for the exchange listing at this time. When we are comfortable with announcing a firm exchange listing date, we will provide those details via telegram and make announcements on all additional Konstellation social channels.
  • Konstellation was created to exclusively focus on the enhancement of blockchain technology development for the global financial services industry. Konstellation has three primary mandates: (i) innovative blockchain software development, (ii) supportive blockchain education and consulting services, and (iii) critical idea incubation for the Konstellation Network, a niche financial services ecosystem powered by a bespoke public blockchain built with Cosmos Tendermint technology. More details here can be found in the Konstellation White Paper here: Konstellation White Paper
  • VegaX Holdings is a digital asset management platform that is designed to offer investment strategies and indices for the global investor community to make better risk-adjusted investments without the need for direct trading.
  • The DARC token will be utilized in the roadmap to community based governance for the investment indices and strategies that are being developed at VegaX. The initial proposal on how this system may evolve is being discussed currently and will be shared broadly in the near future.
  • The amount being raised for VegaX has not been finalized as of yet. This funding pool is a new set of investors that are strategically focused on the growth of the digital asset management ecosystem. We do believe that there will be overlap in execution from the teams at Konstellation and VegaX. There is a mix of both new developers and current Konstellation product developers working on VegaX.

More to come for Q4!💪🚀

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DARC is the fuel that drives the Konstellation Network, the infrastructure for the interoperable DeFi capital markets.

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Konstellation Network (DARC)

Konstellation Network (DARC)

DARC is the fuel that drives the Konstellation Network, the infrastructure for the interoperable DeFi capital markets.

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