PlatON Monthly Report: November 2024
2024-12-05 10:53
PlatON
2024-12-05 10:53
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01 — Technological Progress

PlatON

To adapt to the new features of the Ethereum network iteration, continue to adapt some features of Ethereum storage optimization in version 1.5.1.

TOP WALLET

1)TOP WALLET completed the iteration of version 1.3.3, improving the processing efficiency of ZKPAY. The development of version 1.4.0 is currently underway, adding the method of QR code backup partitioning to solve the transfer problem of LAT in the AA wallet.

2)At the Singapore Fintech Festival, demonstrated the mobile TAP transfer function and the mobile TAP payment to POS.

3)Iterated the ZKPAY algorithm, adopting a more efficient algorithm to shorten the generation time of the ZK credential while adding the ability to generate ZK credentials offline multiple times.

TOPOS Cross-chain Acquiring System

1)Cooperated with Allinpay to promote the integration of the POS system with QRPAY to support offline stablecoin payments with the PlatON wallet.

2)Interfaced with Singapore’s PayNow for its PBM XSGD support plan, allowing the PlatON wallet to support scanning PayNow QR codes for stablecoin payments.

3)Currently interfacing with the Philippines’ QRPh for a Crypto payment plan to support the PlatON wallet in scanning QRPh QR codes for stablecoin payments.

4)The development of the GIMLET platform is basically completed and will start providing services in December.

02 — PlatON News

PlatON’s Innovative Payment Solution ZKPAY Debuts at SFF

From November 6th to 8th, PlatON participated in the 9th Singapore FinTech Festival (SFF), a collaboration between the Monetary Authority of Singapore (MAS), Elevandi, Constellar, and the Association of Banks in Singapore. During the event, PlatON unveiled its innovative payment solution, ZKPAY, and vividly demonstrated to attendees how traditional payment experiences such as face-to-face transfers, POS machine QR code payments, and NFC tap-and-go payments can be seamlessly replicated on the blockchain. ZKPAY enables every stablecoin holder to issue their own Smart Money, a new form of currency that facilitates transfers and payments in all retail scenarios through QR codes, NFC, and other means.

PlatON and Gimlet Labs Forge Strategic Partnership to Develop Digital and Fiat Currency Management Platform

PlatON, the digital public infrastructure, has entered into a strategic partnership with Gimlet Labs. Based on PlatON’s Web3.0 payment and clearing system, TOPOS, the collaboration delivers a tailored end-to-end solution for Gimlet Labs, resulting in the creation of a comprehensive management platform that integrates both digital and fiat currencies.

This partnership establishes a comprehensive platform that seamlessly combines frontend and backend operations, providing users with a smooth experience in managing both fiat and digital currency deposits and withdrawals. It also enables Gimlet to efficiently oversee multiple financial channels, delivering superior and flexible services to users. The platform has already connected with mainstream fiat and digital currency channels in its initial phase, with plans for ongoing expansion and enhancement to meet the increasingly diverse fund management needs of users.

03 — Ecosystem

PlatON Ecosystem Project BONESDAO Officially Launched

The “DeWork Hub” BONESDAO, based on the PlatON Network, has officially launched, enabling community users to post ecosystem proposals and participate in ecological tasks. Currently, it is relying on LatticeX Forum to establish and popularize the DAO.

Additionally, the BONESDAO payment product, BONESPay v0.1, has also been officially launched, providing token transfers for LAT, USDT, and USDC. It allows users to store contacts for easy fund transfers and also offers entry points to DApps and Wallets, facilitating user access to the PlatON ecosystem.

04 — Community Events

[PlatON and UXUY Launch Joint Giveaway Event]

From November 14th to November 20th, PlatON and UXUY are teaming up to launch a joint Giveaway event, where participants can unlock rewards totaling 24,000 LAT+220,000SATS by completing simple tasks.

PlatON Ecosystem Project BONESDAO Launches Developer Incentive Program

The BONESDAO development guild has completed the reconstruction of BONES and has distributed $300 USDT as an incentive to developers.

PlatON Launches Two Rounds of 200USDT Giveaway Events on TaskOn

In November, PlatON initiated two rounds of community Giveaway events worth 200USDT each on TaskOn.

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