Weekly Update (20–26 October 2020)

Dear YRisers,

From now on we will be publishing a regular weekly update every Monday on our Medium blog in this exact post. We will be adding new updates to the top of the article so that you could quickly check up on yRise.Finance developments. You will also be able to find the older reports as you scroll the page.

20 — 26 October 2020

Key highlight of this week are the successful audit results of our smart contracts, and the launch of our farming pools.

1. October 21 — @Ncyootee’s successful audit results of YRISE smart contracts. YRISE protocol and smart contracts had to undergo a thorough inspection by a highly reputable independent Ethereum Auditor, Cyotee (Twitter: @not_cyotee). Audit results showed that our codes are safe and sound, and no explicit risks are found. The code does not have any bug and exploits susceptible to disruptions and fraud. Audit was livestreamed on Ocober 22 and results can be found here: https://t.co/NKW1yPHfMI?amp=1
2. October 22 — FatBTC CEX listing (voluntary listing) went live.
3. Ocober 22 — Farming pools have been successfully launched and are now live. Please visit https://yrise.site/farming/, and https://yrisefinance.medium.com/tutorial-on-how-to-farm-yrise-other-defi-tokens-8b2c5a460ac4 for the detailed guideline on how to farm.
4. October 23 — Hotbit CEX listing went live.
5. October 23 — First AMA conducted for Southeast Asia’s largest economy — Indonesia, through TwentyONECrypto Group.
6. October 24 — Yrise announced that it has entered into a strategic partnership with @FerrumNetwork. By partnering with Ferrum, yRise token holders will get a chance to stake their tokens using Ferrum’s cutting edge @UnifyreWallet
7. October 25 — Second AMA conducted for our Middle East Community through Satoshiat Group.
8. October 26 — YRISE token got listed on Trust Wallet, a secure mobile Ethereum wallet that allows you to send, receive, and store digital assets.

15 October (public launch date) — 19 October 2020

We are working hard to make our Yield Farming product optimal for our investors, as the team has been deliberating the rewards system taking into consideration different market scenarios and the sentiment towards yield farming in general. While waiting for our Farming product launch, yRise Staking is currently on-going since our public launch on 15 October, giving our investors one of the highest Annualized Percentage Yield (APY) in the market right now (e.g. 1200% — 1500%), enabling them to generate yRise tokens for the upcoming Farming pools. Thanks to our team of highly skilled developers and finance professionals, every yRiser staker can easily stake through our website and see for themselves the rewards real time.

Our public sale has been smooth, having our tokens sold out within the first 6 hours. Staking has been live since day 1, and as of writing, more than 60% of 10,500 Circulating yRise tokens have been staked, earning one of the highest APY in the market, and further reducing yRise circulating supply to <4000.

With regard to the Audit, we have communicated with Cyotee and currently finalizing the audit schedule. We will keep you posted once the schedule is confirmed as he is currently swamped with other projects.

Marketing updates:

1. We have been listed on 2 Centralized Exchanges 2 days after our public launch: (1) Bilaxy, which is already live, and on (2) Hotbit (trading will start on October 23rd).
2. We have also already been listed on Coingecko and CoinMarketCap, the 2 biggest cryptocurrencies data aggregators, 4 days after our public launch.
3. We are also now live on LiveCoinWatch, Delta and Blockfolio.
4. We have hired a professional marketeer to manage and expand our Vietnamese community: https://t.me/yriseVN
5. Our Middle East community has also been launched, thanks to our community member-volunteers for helping us.
6. We are currently recruiting professional marketeers to expand to the Korean and Japanese markets.
7. Confirmed AMAs in two communities in the coming week. These telegram communities have a good number of active members / followers. We will announce these communities closer to the scheduled AMA date.

Our growth has been organic, wallets are growing, circulating supply is declining, more people are staking. We are beefing up marketing prior to the Farming Platform launch. Expect a couple of Youtube influencers to feature us in the coming week.

Sincerely,

yRise Team