The Road to V2
This past month at UniTrade has been a very exciting period. Our proof of concept product — unitrade.info, or “V1” — was fully audited, secured, and successfully deployed on October 7th. Since then, we’ve fixed a number of bugs reported by the community, and deployed a more efficient order book to ensure better trade execution for our users. Concurrently, we hired a new dev team to focus exclusively on the highly anticipated V2 product, which we’ll touch on in more detail below. We also assembled a dedicated marketing team to allow reborn to focus on what he does best — engineering and product development. Lastly, we successfully launched our ETH rewards smart contract on October 28th, which now has over 6m tokens locked, or +20% of our circulating supply. Users are cumulatively earning over $1,000 worth of ETH on a daily basis.
To that end, we wanted to provide an update regarding our technology roadmap:
October 7th — UniTrade V1 Concept Launched
October 14th — Dedicated Marketing Team Hired
October 28th — ETH Rewards Contract Launched
November 10th — Order Miner Open-Sourced
November 13th — New Informational Website Released
November 17th — V2 Sneak Peek
November 21st — V2 Testing (Select Group)
December 1st — UniTrade V2 Launch!
November 10th: Order Miner Open-Sourced. This is a major development that has been in the works since mid-September. Currently, there is only one executorApp to process and facilitate trades. By open-sourcing the code, we will allow anyone to set up “mining bots” that will rapidly accelerate order fulfillment. Instead of one app, there could be hundreds of bots executing orders on your behalf. This will also serve as a new income stream in the UniTrade ecosystem: miners will capture the difference between the actual gas fee and the incentive fee placed by the user. Similar to gas, the higher the incentive fees, the faster and higher likelihood that your order will be executed.
November 13th: New Informational Website Released. With the launch of V2 on the horizon, we’ll be moving our current website (unitrade.app) over to a new domain, and doing a complete refresh. The new website will showcase the great videos that have been posted about UniTrade, press releases, partnerships, video animation explainers, and powerful visual and audio work that has been contributed by the community. Our team is also working hard on additional “educational” content, similar to an academy, to help answer many of the questions we’ve seen about the product and limit order execution.
November 17th: V2 “Sneak Peek.” We know how important it is to see progress, so we’re going to set an official date to showcase some screenshots of the V2 application, possibly even some videos, so you can see firsthand why we’re so excited for this release. We are limited in what we can share for competitive reasons, but we want to ensure that the Community is up to speed on our latest developments. Below are a few screenshots of the UI as a teaser for those interested:
November 21st: V2 Testing (Select Group). An exclusive group of individuals who have been involved in supporting this project from the start will have an opportunity to test drive V2 the week of November 21st. This will allow some of our most devoted contributors a chance to see a functional product prior to the launch — and, help us work through any bugs / last minute fixes before launch. While we would love to share this with the whole Community, the competitive dynamics are such that it would not be best for this project.
December 1st: V2 Launch! Since August, we have been working tirelessly to this goal. This product has been the vision all along — a simple, sleek user interface that executes limit orders flawlessly and easily. We have the utmost confidence that this product will garner mass adoption, result in significant transaction fees, burn, and dividend payments for stakers. In V2, we are incorporating new features to allow users to set slippage — a key improvement upon V1 — as well as gas price and incentive fees for miners, which will ensure a higher likelihood for order fulfillment. We will also be allowing users to place market orders in addition to limit orders. The new UI and functionality upgrades will be a powerful combination.
Our technology roadmap has us in a position to finish this product prior to 12/1. However, we know how important it is to hit the deadlines we set out, so we’re not going to jeopardize this product release for the sake of “releasing quickly.” That is not a long-term winning strategy, so we are going to allow ourselves to test, iterate and release a highly functional product that is ready for mass adoption. Hence, we are marking 12/1 as our official release of V2.
In connection with the V2 launch, the marketing team is working hard on a really exciting trading competition that will create a buzz and drive user acquisition during the first week of our launch.
From the UniTrade marketing team