Weekly Developments at hexane

WEEKLY UPDATE

Hexane Finance weekly development report 3 (14 Jan — 21 Jan)

• Our Whitepaper v1.0 has been completed and undergone a thorough peer-review process. The whitepaper outlines our project’s vision, technical details, tokenomics, and the overall ecosystem of our platform.

• We have also started working on a new Litepaper which will be published soon. The Litepaper is a more concise version of the whitepaper and is intended for a broader audience, providing a high-level overview of the project.

• We are in the process of implementing multichain SMPC (Secure Multi-Party Computation) to our Alphanet. This will enable secure off-chain computation and enable us to scale our platform efficiently. The proof of concept and whitepaper have been finalized and we are currently in the process of testing and implementing it to our mainnet.

HexHeads:

• We have introduced HexHeads, a new collection of non-fungible tokens (NFTs) that provide various rewards to holders and help represent our platform in the space. HexHeads are built on the Ethereum blockchain and utilize the ERC-721 standard for NFTs.

• The user interface (UI) prototype for the Hex.Bank module has been completed and the HexHeads section has been added to our website. The Hex.Bank module is a DeFi platform that allows users to lend, borrow, trade and earn interest on their assets.

• We have added more pages to the technical documentation, including detailed documentation for HexHeads and their mechanics. The ERC-721 smart contract for HexHeads has been finalized and all 777 artworks, including metadata, have been completed for the collection.

Social Media Growth:

• Our social media presence has continued to grow at a rapid pace, thanks in part to our Crew3 campaignand the great deal of time and effort that have been invested in it.

• We have more than doubled our waitlist and newsletter subscribers, while Hexane Finance’s Twitter account has grown by nearly 200% since the launch of the Crew3 campaign. Additionally, the new HexHeads Twitter account has accrued hundreds of followers.

• Our official Discord server has seen a significant increase in activity, with a growth of 400% compared to the previous week. The Daily Active Users (DAU) has reached ~30, with many participants actively chatting and completing quests with others in the community.

We are thrilled about the progress we have made and are excited to continue sharing updates with our community. Our focus remains on delivering a robust and user-friendly platform for our users, and we are committed to continuing the development and growth of the Hexane Finance ecosystem.

See you guys next week 🙃