From Chad in Discord:
📣 Mario Nawfal // IBC Group
Congratulations @everyone,
Our marketing partnership is now active with Mario and his firm, IBC Group.
This is a pivotal milestone for Vitreus as we prepare for a large expansive platform with significant reach to share our builder message.
I have an events planning meeting with their team on Tuesday morning and will be working on dates for each of our AMA sessions for the Roundtable and Crypto Town Hall events.
I will post a schedule of events as soon as I have them.
We. Are. Vitreus.
LETS GO!! 🫡🫡
📣 Mario Nawfal // IBC Group
Congratulations @everyone,
Our marketing partnership is now active with Mario and his firm, IBC Group.
This is a pivotal milestone for Vitreus as we prepare for a large expansive platform with significant reach to share our builder message.
I have an events planning meeting with their team on Tuesday morning and will be working on dates for each of our AMA sessions for the Roundtable and Crypto Town Hall events.
I will post a schedule of events as soon as I have them.
We. Are. Vitreus.
LETS GO!! 🫡🫡
📣 BUILD UPDATE
Good afternoon @everyone,
All dev hands have been on deck this past week working on the two new paraChain integrations in preparation for the bridge open. Syncing the network with relay and paraChains has presented challenges — 4 days no sleep… so tell them thank you when you have a chance. We are close. 🫡
CertiK Audits
- The vApp pen test is closed out. Just waiting for devs to read the final report and give me the okay to release publicly.
- The bridge scope has 1 unresolved comment from dev.
- The blockchain scope has 1 unresolved comment from dev.
CEX
Waiting on remaining wVTRS token supply mint before we can move forward with market maker which requires bridge.
IBC/Mario Nawfal
Executed contract. ✔️ Waiting on invoice to complete stable coin payment. Meeting with IBC team on Tuesday to begin scheduling events.
First event will be a Crypto Town Hall mid to late August where we will present the Vitreus Protocol and vision along with digital assets.
Decentralized Compute Infrastructure
Monday we have a meeting with the patent attorney to begin work on the exclusive licensing deal for the DeAI infrastructure.
We have begun roadmapping this development plan and organizing a DAO proposal that will be brought after we can develop the confluence work scope and cost estimate.
Venture Capital
STILL awaiting first draft of legal contracts. I expect them this week.
Council Vote
GO VOTE ABOVE!!
We. Are. Vitreus.
LETS GO!! 🫡
Good afternoon @everyone,
All dev hands have been on deck this past week working on the two new paraChain integrations in preparation for the bridge open. Syncing the network with relay and paraChains has presented challenges — 4 days no sleep… so tell them thank you when you have a chance. We are close. 🫡
CertiK Audits
- The vApp pen test is closed out. Just waiting for devs to read the final report and give me the okay to release publicly.
- The bridge scope has 1 unresolved comment from dev.
- The blockchain scope has 1 unresolved comment from dev.
CEX
Waiting on remaining wVTRS token supply mint before we can move forward with market maker which requires bridge.
IBC/Mario Nawfal
Executed contract. ✔️ Waiting on invoice to complete stable coin payment. Meeting with IBC team on Tuesday to begin scheduling events.
First event will be a Crypto Town Hall mid to late August where we will present the Vitreus Protocol and vision along with digital assets.
Decentralized Compute Infrastructure
Monday we have a meeting with the patent attorney to begin work on the exclusive licensing deal for the DeAI infrastructure.
We have begun roadmapping this development plan and organizing a DAO proposal that will be brought after we can develop the confluence work scope and cost estimate.
Venture Capital
STILL awaiting first draft of legal contracts. I expect them this week.
Council Vote
GO VOTE ABOVE!!
We. Are. Vitreus.
LETS GO!! 🫡
📣 BUILD UPDATE
Good afternoon/evening @everyone ,
The Bridge Open date is 12:00 EST (noon) on Sunday July, 28
Costs associated with usage of the bridge are as follows:
- 9% exit fee / 1% entry fee
- 20 gwei collected for each transaction
Devs are ready to open the bridge as a soon as a final checklist is performed today and tomorrow.
Additional progress items
✅ Parachain expansion ready to open
✅ AscendEX (CEX) is an immediate greenlight following the bridge open.
✅ Vortex (Market Maker) is an immediate greenlight following the bridge open.
✅ MEXC (CEX) - council approved
✅ GSR (Market Maker) - pending vote
✅ The IBC/Mario package deposit is paid and first RoundTable AMA has been scheduled for August 23 @ 1:30pm EST.
_________________
🟡 8 CMO interviews Monday
🟡 Law firm retainer paid and awaiting draft of VC legal documents
🟡 “Builder Ready” Plan - In progress
🟡 Decentralized Compute Infrastructure - Scope and License Agreement Discovery
Progressing nicely!
LETS GO!!
Good afternoon/evening @everyone ,
The Bridge Open date is 12:00 EST (noon) on Sunday July, 28
Costs associated with usage of the bridge are as follows:
- 9% exit fee / 1% entry fee
- 20 gwei collected for each transaction
Devs are ready to open the bridge as a soon as a final checklist is performed today and tomorrow.
Additional progress items
✅ Parachain expansion ready to open
✅ AscendEX (CEX) is an immediate greenlight following the bridge open.
✅ Vortex (Market Maker) is an immediate greenlight following the bridge open.
✅ MEXC (CEX) - council approved
✅ GSR (Market Maker) - pending vote
✅ The IBC/Mario package deposit is paid and first RoundTable AMA has been scheduled for August 23 @ 1:30pm EST.
_________________
🟡 8 CMO interviews Monday
🟡 Law firm retainer paid and awaiting draft of VC legal documents
🟡 “Builder Ready” Plan - In progress
🟡 Decentralized Compute Infrastructure - Scope and License Agreement Discovery
Progressing nicely!
LETS GO!!
📣 RE: BRIDGE UPDATE
Dear Community Members,
Yesterday, the council initially communicated that the bridge would be open by Sunday. However, after further consultation with our developers, we realized there was a misunderstanding regarding the necessary steps to ensure the bridge’s stability and security.
Our development team has identified a crucial network update that must be installed to maintain network stability. This update requires comprehensive testing on the testnet before we can safely transition it to the mainnet. Given the complexity of this process, completing it by tomorrow is not feasible.
We are now aiming for the end of next week as a potential bridge opening date. However, please understand that this timeline is dependent on testing results.
We deeply regret this continued delay and understand the frustration it may cause. Please know that we are doing everything in our power to ensure a smooth and secure bridge opening. We are committed to keeping the community informed as we make progress over the next few days.
Your patience and understanding during this time are greatly appreciated.
@everyone
Sincerely,
The Council
Dear Community Members,
Yesterday, the council initially communicated that the bridge would be open by Sunday. However, after further consultation with our developers, we realized there was a misunderstanding regarding the necessary steps to ensure the bridge’s stability and security.
Our development team has identified a crucial network update that must be installed to maintain network stability. This update requires comprehensive testing on the testnet before we can safely transition it to the mainnet. Given the complexity of this process, completing it by tomorrow is not feasible.
We are now aiming for the end of next week as a potential bridge opening date. However, please understand that this timeline is dependent on testing results.
We deeply regret this continued delay and understand the frustration it may cause. Please know that we are doing everything in our power to ensure a smooth and secure bridge opening. We are committed to keeping the community informed as we make progress over the next few days.
Your patience and understanding during this time are greatly appreciated.
@everyone
Sincerely,
The Council
📣 BUILD UPDATE
Good afternoon/evening @everyone,
Let’s focus on the bridge today because that’s what we all care about most at this point.
The devs have made significant progress this last week after the previous few challenging weeks of updates and syncing requirements as they worked on solutions to stabilize the substrate<->BEEFY integration.
At this point our new parachain infrastructure and bridge are live on Mainnet. The network appears to be stable. Also, all technical issues from the audits have been addressed and remedied. We should have our final audit reports in the next 2 weeks.
At this point, we have:
1. Deployed smart contract
2. Started relayers (some ETH is now being spent for syncing, tiny amounts)
3. Spinned Parachains
4. Spinned Bridge
5. Registered tokens “Opened the Bridge”
6. Created Holder contract for storing wVTRS outside the Bridge (QA testing at the moment) and began testing.
Tomorrow’s Tasks:
1. Deploying the Holder contract
2. Issuing remaining supply of wVTRS
3. Move tokens to smart contract to equalize balances
VERY CLOSE!!
Other Updates
✅ VC Contract drafts Received: Council Due Diligence
✅ First Mario (Roundtable) AMA: August 23 @ 1:30pm EST
✅ AscendEX listing ready pending signatures
✅ Vortex MM ready for wVTRS funding pending supply minting
We. Are. Vitreus.
LETS GOO!! 🫡
Good afternoon/evening @everyone,
Let’s focus on the bridge today because that’s what we all care about most at this point.
The devs have made significant progress this last week after the previous few challenging weeks of updates and syncing requirements as they worked on solutions to stabilize the substrate<->BEEFY integration.
At this point our new parachain infrastructure and bridge are live on Mainnet. The network appears to be stable. Also, all technical issues from the audits have been addressed and remedied. We should have our final audit reports in the next 2 weeks.
At this point, we have:
1. Deployed smart contract
2. Started relayers (some ETH is now being spent for syncing, tiny amounts)
3. Spinned Parachains
4. Spinned Bridge
5. Registered tokens “Opened the Bridge”
6. Created Holder contract for storing wVTRS outside the Bridge (QA testing at the moment) and began testing.
Tomorrow’s Tasks:
1. Deploying the Holder contract
2. Issuing remaining supply of wVTRS
3. Move tokens to smart contract to equalize balances
VERY CLOSE!!
Other Updates
✅ VC Contract drafts Received: Council Due Diligence
✅ First Mario (Roundtable) AMA: August 23 @ 1:30pm EST
✅ AscendEX listing ready pending signatures
✅ Vortex MM ready for wVTRS funding pending supply minting
We. Are. Vitreus.
LETS GOO!! 🫡
@everyone,
📣 Bridge Launch
The announcement we’ve all been waiting for! The bridge is scheduled to open TOMORROW August 7th at 10am EST (-4 GMT)!
Today, we have completed the minting process in anticipation of the Bridge opening.
_Allocation of wVTRS supply:_
🔆 15,000,000 Uniswap LP
🔆 882,246 to the DAO wallet for immediate expenditures
• AscendEX 110,000
• Vortex MM 160,000
• IBC (due now) 306,123
• IBC (due in 30 days) 306,123
🔆 550,823,446.603 to the Intermediary Holder Contract
🔆 42,000,000 as Bridge Liquidity (wVTRS)
🔆 Total Supply for wVTRS matches the On-Chain Data from VTRS: 608,705,692.603 VTRS
**Notes:**
_The DAO Council will monitor the activity and balances on the VTRS side and perform additional movement from the Intermediary Contract to Bridge Liquidity as needed to ensure VTRS can exit the ecosystem._
You will see a slight difference of 49,178.397 tokens between the final Tokenomics (608,754,871) and the current Supply. This was caused by VTRS slashing, to which the tokens were burned instead of properly allocated to the Treasury. This will be rectified in the coming days and communication will be provided.
The Intermediary Holder Contract acts as a means of hosting the unallocated supply outside of the bridge before use and is only dispatchable by the DAO’s multi-sig wallet. This adds a layer of security to the bridge while also making it less of a target for any nefarious activities.
The DAO multi-sig wallet will distribute, when required, the pre-approved allocations to AscendEX, Vortex and Mario’s IBC Group. 882,246 wVTRS is already earmarked for these functions based on the most recent Polls we did with the Community. Every transaction requires 5 of 8 Council signers to be executed.
Further communication on this topic will be provided when the transactions are completed.
wVTRS Minting Transaction:
0x13bcd93bc56d0269d064b3e76b4bb536420848a3b92020fbf1381e771722e3d1
DAO Council
📣 Bridge Launch
The announcement we’ve all been waiting for! The bridge is scheduled to open TOMORROW August 7th at 10am EST (-4 GMT)!
Today, we have completed the minting process in anticipation of the Bridge opening.
_Allocation of wVTRS supply:_
🔆 15,000,000 Uniswap LP
🔆 882,246 to the DAO wallet for immediate expenditures
• AscendEX 110,000
• Vortex MM 160,000
• IBC (due now) 306,123
• IBC (due in 30 days) 306,123
🔆 550,823,446.603 to the Intermediary Holder Contract
🔆 42,000,000 as Bridge Liquidity (wVTRS)
🔆 Total Supply for wVTRS matches the On-Chain Data from VTRS: 608,705,692.603 VTRS
**Notes:**
_The DAO Council will monitor the activity and balances on the VTRS side and perform additional movement from the Intermediary Contract to Bridge Liquidity as needed to ensure VTRS can exit the ecosystem._
You will see a slight difference of 49,178.397 tokens between the final Tokenomics (608,754,871) and the current Supply. This was caused by VTRS slashing, to which the tokens were burned instead of properly allocated to the Treasury. This will be rectified in the coming days and communication will be provided.
The Intermediary Holder Contract acts as a means of hosting the unallocated supply outside of the bridge before use and is only dispatchable by the DAO’s multi-sig wallet. This adds a layer of security to the bridge while also making it less of a target for any nefarious activities.
The DAO multi-sig wallet will distribute, when required, the pre-approved allocations to AscendEX, Vortex and Mario’s IBC Group. 882,246 wVTRS is already earmarked for these functions based on the most recent Polls we did with the Community. Every transaction requires 5 of 8 Council signers to be executed.
Further communication on this topic will be provided when the transactions are completed.
wVTRS Minting Transaction:
0x13bcd93bc56d0269d064b3e76b4bb536420848a3b92020fbf1381e771722e3d1
DAO Council
Vitreus Bridge Instructions.pdf
572.7 KB
Full Vitreus Bridge Instructions
📣 AscendEX Trading Opens Today!
Congratulations to the Vitreus community on our first of MANY CEX listings!!
9:00am EST today, wVTRS goes live on AscendEX with Vortex making our markets.
We. Are. Vitreus.
LETS GOO!!!
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
@everyone
Congratulations to the Vitreus community on our first of MANY CEX listings!!
9:00am EST today, wVTRS goes live on AscendEX with Vortex making our markets.
We. Are. Vitreus.
LETS GOO!!!
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
@everyone
📣 BUILD UPDATE
Good evening,
Congratulations to @everyone for such great progress so far!!
Let’s refresh what we’ve accomplished so far because it’s quite amazing:
✅ Vitreus MainNet Layer-0 Blockchain
✅ DePIN (vNodes)
✅ Explorer
✅ Collaborative Marketplace Staking
✅ vGovern Protocol governance
✅ Native VTRS
✅ gVolts/VNRG
✅ wVTRS erc20 Wrapper token
✅ Presale App | NFTs
✅ Vitreus Affiliate Marketing Platform
✅ Claiming Portal
✅ CyberLYNQ
✅ vApp
✅ VNRG (gVolts)
✅ VIP/VIPP
✅ Energy Broker
✅ Bridge
✅ ParaChain Infrastructure
✅ Foundation DAO Wrapper
✅ AscendEX CEX Listing
Still a lot to get ramped up in the next week:
⭕️ Foundation Officers
⭕️ “Builder Ready” development
⭕️ Decentralized Compute Infrastructure
⭕️ Mario/IBC — Marketing 3.0
⭕️ VC deal closing
We are Vitreus!
LET’S GOO!! 🫡
Good evening,
Congratulations to @everyone for such great progress so far!!
Let’s refresh what we’ve accomplished so far because it’s quite amazing:
✅ Vitreus MainNet Layer-0 Blockchain
✅ DePIN (vNodes)
✅ Explorer
✅ Collaborative Marketplace Staking
✅ vGovern Protocol governance
✅ Native VTRS
✅ gVolts/VNRG
✅ wVTRS erc20 Wrapper token
✅ Presale App | NFTs
✅ Vitreus Affiliate Marketing Platform
✅ Claiming Portal
✅ CyberLYNQ
✅ vApp
✅ VNRG (gVolts)
✅ VIP/VIPP
✅ Energy Broker
✅ Bridge
✅ ParaChain Infrastructure
✅ Foundation DAO Wrapper
✅ AscendEX CEX Listing
Still a lot to get ramped up in the next week:
⭕️ Foundation Officers
⭕️ “Builder Ready” development
⭕️ Decentralized Compute Infrastructure
⭕️ Mario/IBC — Marketing 3.0
⭕️ VC deal closing
We are Vitreus!
LET’S GOO!! 🫡
📣 Vitreus Foundation x CDI Contract Framework
*for communication purposes only*
Good afternoon/evening @everyone,
In an effort to align the interests of holders and partners as well as extinguish flight risk concerns, Vitreus will be establishing a contract between parties.
Executive Summary — Master Partnership Agreement between Vitreus and CDI
1. VIP/VIPP Royalty payments will be formally contracted between holder and CDI
-VIP: Purchase and deliver the equivalent of 3% gross revenue from CDI in VTRS
-VIPP: Purchase and deliver the equivalent of 2% gross revenue from CDI in stable coin
2. VNRG Metered Usage Reimbursement
-CDI will reimburse Vitreus Foundation for its metered use of VNRG within its use of Vitreus paraChains.
-wVTRS will be purchased on the open market and delivered to Vitreus Foundation
-VNRG rate must be the standard rate as determined by the energy broker on the Vitreus Blockchain.
3. The Vitreus ecosystem must be used for all CDI software when appropriate and feasible
-The use of Vitreus infrastructure should be required, unless special exemption is granted through written authorization.
-No alternative blockchains or sources of VNRG or any other energy source used in any manner such as GWEI.
We. Are. Vitreus.
Serving you,
Council + Chad/Brenton (CDI)
*for communication purposes only*
Good afternoon/evening @everyone,
In an effort to align the interests of holders and partners as well as extinguish flight risk concerns, Vitreus will be establishing a contract between parties.
Executive Summary — Master Partnership Agreement between Vitreus and CDI
1. VIP/VIPP Royalty payments will be formally contracted between holder and CDI
-VIP: Purchase and deliver the equivalent of 3% gross revenue from CDI in VTRS
-VIPP: Purchase and deliver the equivalent of 2% gross revenue from CDI in stable coin
2. VNRG Metered Usage Reimbursement
-CDI will reimburse Vitreus Foundation for its metered use of VNRG within its use of Vitreus paraChains.
-wVTRS will be purchased on the open market and delivered to Vitreus Foundation
-VNRG rate must be the standard rate as determined by the energy broker on the Vitreus Blockchain.
3. The Vitreus ecosystem must be used for all CDI software when appropriate and feasible
-The use of Vitreus infrastructure should be required, unless special exemption is granted through written authorization.
-No alternative blockchains or sources of VNRG or any other energy source used in any manner such as GWEI.
We. Are. Vitreus.
Serving you,
Council + Chad/Brenton (CDI)
📣 BY THE NUMBERS
*As of 8.13.24*
Total VTRS claimed: 186,726,605.01
VTRS Bridged out: (12,931,947.5)*
VTRS Bridged in: 1,205,192.3*
———————————————————————
CURRENT VTRS held in Vitreus: 174,999,850*
Staked VTRS: 147,714,877.634 VTRS (84.4%)
Staked VTRS (VIP): 95,450,620.207 VTRS (54.5%)
VIP Points: 29,657,335.909
VIPP Points: 6,167,642,604.970
Active VIP members: 561
Active VIPP members: 550
We. Are. Vitreus.
*As of 8.13.24*
Total VTRS claimed: 186,726,605.01
VTRS Bridged out: (12,931,947.5)*
VTRS Bridged in: 1,205,192.3*
———————————————————————
CURRENT VTRS held in Vitreus: 174,999,850*
Staked VTRS: 147,714,877.634 VTRS (84.4%)
Staked VTRS (VIP): 95,450,620.207 VTRS (54.5%)
VIP Points: 29,657,335.909
VIPP Points: 6,167,642,604.970
Active VIP members: 561
Active VIPP members: 550
We. Are. Vitreus.
📣 BUILD UPDATE
Good afternoon/evening @everyone.
CertiK Audits
The final reports for all 3 work scopes (chain, vApp, bridge) have been delivered to the council. They are meeting this weekend and will have commentary for us over the weekend.
VC Deal
Council has reviewed and redlined the contract with VC and a meeting is set with VC for Tuesday to review the edits.
”Builder Ready”
Technical Committee is working together to complete the items to enable integrations with partners. We look forward to bringing this plan to you in writing with developer documents over next 2 weeks.
IBC/Mario AMAs
We have August 23 reserved for an AMA and might have to move to August 30 due to scheduling conflicts with panelists. Please stay tuned.
COMPLiQ Parachain
COMPLiQ is progressing nicely into a heavy POC and reseller network initiative. We anticipate some announcements in the next few weeks surrounding the traction being created. Technical committee is working on the gVolt usage meter design for the adoption of VNRG.
As we continue to transition into a builder acquisition phase as an ecosystem, we look for opportunities to expand our parachain network and gVolt adoption opportunities.
We. Are. Vitreus.
LETS GO!!
Good afternoon/evening @everyone.
CertiK Audits
The final reports for all 3 work scopes (chain, vApp, bridge) have been delivered to the council. They are meeting this weekend and will have commentary for us over the weekend.
VC Deal
Council has reviewed and redlined the contract with VC and a meeting is set with VC for Tuesday to review the edits.
”Builder Ready”
Technical Committee is working together to complete the items to enable integrations with partners. We look forward to bringing this plan to you in writing with developer documents over next 2 weeks.
IBC/Mario AMAs
We have August 23 reserved for an AMA and might have to move to August 30 due to scheduling conflicts with panelists. Please stay tuned.
COMPLiQ Parachain
COMPLiQ is progressing nicely into a heavy POC and reseller network initiative. We anticipate some announcements in the next few weeks surrounding the traction being created. Technical committee is working on the gVolt usage meter design for the adoption of VNRG.
As we continue to transition into a builder acquisition phase as an ecosystem, we look for opportunities to expand our parachain network and gVolt adoption opportunities.
We. Are. Vitreus.
LETS GO!!
📣 FOUNDATION NEWS
Vitreus <> VC — Deal Moves Forward to Final Review and Closing
Today, I met with legal for final VC contract revisions. Below is the process that we have ahead of us:
1. Final documents go to VC first for final review tomorrow.
2. Then they’ll come to us for final review.
3. Then we’ll final vote on it in vGovern to log to the blockchain.
4. Then we’ll sign our contracts
5. Then we’ll press release and announce the partnership on public socials.
Re: Mario AMA, we have August 30 reserved right now, but if we need to move it back another week to align with closing the VC deal then that is also an option.
We. Are. Vitreus.
@everyone
Vitreus <> VC — Deal Moves Forward to Final Review and Closing
Today, I met with legal for final VC contract revisions. Below is the process that we have ahead of us:
1. Final documents go to VC first for final review tomorrow.
2. Then they’ll come to us for final review.
3. Then we’ll final vote on it in vGovern to log to the blockchain.
4. Then we’ll sign our contracts
5. Then we’ll press release and announce the partnership on public socials.
Re: Mario AMA, we have August 30 reserved right now, but if we need to move it back another week to align with closing the VC deal then that is also an option.
We. Are. Vitreus.
@everyone
📣 BUILD UPDATE
*For Informational Purposes Only*
Good afternoon/evening @everyone,
Now that we’ve shaken off all the bridge jitters and move to close the finalized VC investor deal, let’s jump straight in and develop our focus towards what our next 3 months need to look like.
Below will be the progress template that I will use to communicate Build Updates over the next few months as we tee the ecosystem up for new builder developement, trading breadth, and structured ongoing marketing.
Builder Ready
Below are the individual items that we need to focus on addressing to be ready to accept builders.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages and Messaging
- ⭕️ TestNet Environment
- ⭕️ APIs
Outstanding functional readiness: Dev Pod
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements to accommodate our hybrid DAO model.
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending
- ⭕️ Add new T2 CEX (Gate?)
- ⭕️ Add new T2 CEX (KuCoin?)
- ⭕️ Add new T1 CEX (OKX?)
Marketing 3.0
- ⭕️ Hire new CMO w monthly spend budget
- ⭕️ CMO creation of comprehensive marketing plan
- ⭕️ 4 Mario/IBC AMAs (recruitment of builders) + 4 Mario X posts
Upcoming Referendums
Council continues to build a comprehensive understanding of all the intricacies of vGovern (it’s a lot), but we look forward to our first public referendum in the next few days when they are ready.
There are a lot of pending items that will need to go through vGovern, and the council will communicate each time there is an action required from the community such as voting. 🙏🏻
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ⭕️ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready
*Still Pending Items:*
- *CertiK Reports*
- *Completion of council audit of CDI*
- *Vitreus/CDI VIP Partnership Contract*
We. Are. Vitreus.
LET’S GOO!!
*For Informational Purposes Only*
Good afternoon/evening @everyone,
Now that we’ve shaken off all the bridge jitters and move to close the finalized VC investor deal, let’s jump straight in and develop our focus towards what our next 3 months need to look like.
Below will be the progress template that I will use to communicate Build Updates over the next few months as we tee the ecosystem up for new builder developement, trading breadth, and structured ongoing marketing.
Builder Ready
Below are the individual items that we need to focus on addressing to be ready to accept builders.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages and Messaging
- ⭕️ TestNet Environment
- ⭕️ APIs
Outstanding functional readiness: Dev Pod
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements to accommodate our hybrid DAO model.
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending
- ⭕️ Add new T2 CEX (Gate?)
- ⭕️ Add new T2 CEX (KuCoin?)
- ⭕️ Add new T1 CEX (OKX?)
Marketing 3.0
- ⭕️ Hire new CMO w monthly spend budget
- ⭕️ CMO creation of comprehensive marketing plan
- ⭕️ 4 Mario/IBC AMAs (recruitment of builders) + 4 Mario X posts
Upcoming Referendums
Council continues to build a comprehensive understanding of all the intricacies of vGovern (it’s a lot), but we look forward to our first public referendum in the next few days when they are ready.
There are a lot of pending items that will need to go through vGovern, and the council will communicate each time there is an action required from the community such as voting. 🙏🏻
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ⭕️ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready
*Still Pending Items:*
- *CertiK Reports*
- *Completion of council audit of CDI*
- *Vitreus/CDI VIP Partnership Contract*
We. Are. Vitreus.
LET’S GOO!!
📣 By The Numbers
*As of 8.29.24*
TOTAL Claimed: 188,626,609.0163
Bridged Out: (17,286,904)
Bridged In: 3,095,379
____________________________
Total NET Claimed: 174,435,084
Staked VTRS: 151,064,197.398 VTRS (86.6%)
Staked VTRS (VIP): 101,475,449.003 VTRS (58.2%)
VIP Points: 35,261,260.465
VIPP Points: 7,535,323,247.505
Active VIP members: 578
Active VIPP members: 552
We. Are. Vitreus.
@everyone
*As of 8.29.24*
TOTAL Claimed: 188,626,609.0163
Bridged Out: (17,286,904)
Bridged In: 3,095,379
____________________________
Total NET Claimed: 174,435,084
Staked VTRS: 151,064,197.398 VTRS (86.6%)
Staked VTRS (VIP): 101,475,449.003 VTRS (58.2%)
VIP Points: 35,261,260.465
VIPP Points: 7,535,323,247.505
Active VIP members: 578
Active VIPP members: 552
We. Are. Vitreus.
@everyone
📣 WELCOME OUR NEW CMO!!
I’d like to quickly welcome Nicolas D Roquefort-Villeneuve as The Vitreus Foundation’s new Chief Marketing Officer.
As many might remember, we conducted a community facing interview with Nick on Discord a few weeks ago. We have since come to agreement on his package and have signed all paperwork.
Nick will join us in 2 weeks and will begin work on our long term Marketing Plan and KPIs that we will monitor closely moving forward.
Onward and Upward!! 🫡
We. Are. Vitreus.
@everyone
I’d like to quickly welcome Nicolas D Roquefort-Villeneuve as The Vitreus Foundation’s new Chief Marketing Officer.
As many might remember, we conducted a community facing interview with Nick on Discord a few weeks ago. We have since come to agreement on his package and have signed all paperwork.
Nick will join us in 2 weeks and will begin work on our long term Marketing Plan and KPIs that we will monitor closely moving forward.
Onward and Upward!! 🫡
We. Are. Vitreus.
@everyone
📣 BUILD UPDATE
*For Informational Purposes Only*
GEM Investment Commitment
vGovern Vote is final as Yay. We are moving to close. We are awaiting a final foundation legal document from the Cayman government. This will close the legal document process and allow us to sign documents to finalize
closing.
CertiK Audit
Please find our final assessments and project profile information at the following link:
https://skynet.certik.com/projects/vitreus
COMPLiQ Demo
The CDI tech team conducted a demonstration of the COMPLiQ product for the community during the last town hall. The responses have been overwhelmingly positive. Exciting things coming!!
Builder Ready
Below are the individual items that we need to focus on addressing to be ready to accept builders.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages
- ⭕️ StageNet Environment
- ⭕️ APIs
Outstanding functional readiness: Dev Pod
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending
- ⭕️ Add new T2 CEX (Gate?)
Marketing 3.0
- ✅ Hire new CMO w monthly budget
- ⭕️ CMO creation of marketing plan
- ⭕️ 4 Mario/IBC AMAs (recruitment of builders)
- Spotlight with Mario: Scheduled for Sept 13 @ 4:30 EST
- remaining AMA’s TBD
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ✅ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready (September)
*Other Items:*
- *Council audit of CDI: Finished Pending Writeup*
We. Are. Vitreus.
LET’S GOO!!
@everyone
*For Informational Purposes Only*
GEM Investment Commitment
vGovern Vote is final as Yay. We are moving to close. We are awaiting a final foundation legal document from the Cayman government. This will close the legal document process and allow us to sign documents to finalize
closing.
CertiK Audit
Please find our final assessments and project profile information at the following link:
https://skynet.certik.com/projects/vitreus
COMPLiQ Demo
The CDI tech team conducted a demonstration of the COMPLiQ product for the community during the last town hall. The responses have been overwhelmingly positive. Exciting things coming!!
Builder Ready
Below are the individual items that we need to focus on addressing to be ready to accept builders.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages
- ⭕️ StageNet Environment
- ⭕️ APIs
Outstanding functional readiness: Dev Pod
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending
- ⭕️ Add new T2 CEX (Gate?)
Marketing 3.0
- ✅ Hire new CMO w monthly budget
- ⭕️ CMO creation of marketing plan
- ⭕️ 4 Mario/IBC AMAs (recruitment of builders)
- Spotlight with Mario: Scheduled for Sept 13 @ 4:30 EST
- remaining AMA’s TBD
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ✅ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready (September)
*Other Items:*
- *Council audit of CDI: Finished Pending Writeup*
We. Are. Vitreus.
LET’S GOO!!
@everyone
📣 BUILD UPDATE
*For Informational Purposes Only*
GEM Investment Commitment
VC deal is ready to close at any moment. Vitreus has signed paperwork. We are awaiting the GEM signature.
vGovern Claim
If you have participated in the most recent votes, you may now visit dao.vtrs.io and claim any tokens that are now available for claim.
Chief Marketing Officer
Nick, our new CMO, begins on September 16. He will begin immediately by writing a comprehensive marketing plan.
Chief Technology Officer
Stay tuned for a big announcement this coming week for our newly appointed CTO.
Builder Ready (October 2024)
Below are the individual items that we need to focus on addressing to be ready to accept builders. We have scoped all of these items out with the dev team and have general time lines ready for each item.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages
- ⭕️ StageNet Environment
- ⭕️ APIs
Outstanding functional readiness (November 2024)
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements
Builder Integration (December 2024)
- 🟡 COMPLiQ Onboarding
- ⭕️ Builder #2
- 🟡 vApp Version 4
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending closing with GEM
- ⭕️ Add new T2 CEX (Gate?)
Marketing 3.0
- ✅ Hire new CMO w monthly budget
- 🟡 CMO starts on September 16
- 🟡 4 Mario/IBC AMAs (recruitment of builders)
- Spotlight with Mario: Scheduled for Sept 13 @ 4:30 EST
- AMA’s 2-4 TBD
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ✅ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready (September)
*Other Items:*
- *Council audit of CDI: Finished Pending Writeup*
We. Are. Vitreus.
LET’S GOO!!
@everyone
*For Informational Purposes Only*
GEM Investment Commitment
VC deal is ready to close at any moment. Vitreus has signed paperwork. We are awaiting the GEM signature.
vGovern Claim
If you have participated in the most recent votes, you may now visit dao.vtrs.io and claim any tokens that are now available for claim.
Chief Marketing Officer
Nick, our new CMO, begins on September 16. He will begin immediately by writing a comprehensive marketing plan.
Chief Technology Officer
Stay tuned for a big announcement this coming week for our newly appointed CTO.
Builder Ready (October 2024)
Below are the individual items that we need to focus on addressing to be ready to accept builders. We have scoped all of these items out with the dev team and have general time lines ready for each item.
- ⭕️ Developer Documents
- ⭕️ Open Source Code Repository
- ⭕️ ParaChain Slots
- ⭕️ Website Pages
- ⭕️ StageNet Environment
- ⭕️ APIs
Outstanding functional readiness (November 2024)
- ⭕️ Ubiquitous VNRG
- ⭕️ Cross Chain Messaging
- ⭕️ Dynamic Energy Broker
- ⭕️ Network updates for reliability and stability
- ⭕️ vGovern enhancements
Builder Integration (December 2024)
- 🟡 COMPLiQ Onboarding
- ⭕️ Builder #2
- 🟡 vApp Version 4
Trading Breadth
We want to carefully use our resources here. Maximum value for minimal investment as we build the required depth towards obtaining a tier 1 exchange listing.
- ✅ AscendEX - listed
- 🟡 MEXC - pending closing with GEM
- ⭕️ Add new T2 CEX (Gate?)
Marketing 3.0
- ✅ Hire new CMO w monthly budget
- 🟡 CMO starts on September 16
- 🟡 4 Mario/IBC AMAs (recruitment of builders)
- Spotlight with Mario: Scheduled for Sept 13 @ 4:30 EST
- AMA’s 2-4 TBD
Partner Tech Launches
- ✅ COMPLiQ - MVP Development complete
- ✅ COMPLiQ - Internal Testing and Demos
- ⭕️ COMPLiQ - POC Ready (September)
*Other Items:*
- *Council audit of CDI: Finished Pending Writeup*
We. Are. Vitreus.
LET’S GOO!!
@everyone
Dear Community,
We are happy to bring you a conclusion to the recent financial audit conducted on CDI's development of Vitreus and COMPLiQ. Transparency and accountability are key to our shared success, so we have been keen to bring you this information as soon as possible.
Reason for Audit:
Transparency is key for us all here at Vitreus, and Chad and Brenton felt it was important to bring clarity and assurance regarding the financial management of CDI’s development efforts, particularly around COMPLiQ. This process involved a detailed examination of financial records, including bank statements, blockchain transactions, invoices, and operational expenses. The objective was to verify the proper allocation of funds, ensure transparency in financial activities, and address any concerns about the evolution of COMPLiQ. This audit was not a formal forensic audit but a comprehensive review by the Vitreus Council that was designed to provide a high level of confidence to all holders in the project's financial integrity.
Audit Findings:
Funding for COMPLiQ: The audit process involved a detailed review of the financial records provided by Chad and Brenton. We can confirm that the current version of COMPLiQ has been funded through significant personal investments made by the founders. They provided bank statements along with invoices from Innowise to substantiate the use of these funds for the development of COMPLiQ as it stands today.
Traceability of Funds: Ensuring that funds were correctly allocated was a major focus of the audit. We’ve verified that all funds, both those from presale and from Reflex, are verifiable on chain. There are off-ramped funds from presale that have been questioned in the past. We can confirm that these off-ramped funds match with CDI’s submitted expenditures.
No Evidence of Wrongdoing: Based on the documentation and blockchain evidence reviewed, there is no indication of any wrongdoing. Although complex, the audit revealed conclusively where the funds had been spent, and that is a huge reason why we are where we are today!
Understanding COMPLiQ’s Evolution:
It’s important to clarify that COMPLiQ has evolved since its original concept. Initially, in early 2023, COMPLiQ was part of the FAME (Finance, Acquisitions, Markets, Energy) chains. However, based on feedback from industry experts and strategic guidance from the CDI Board of Directors at the time the project shifted focus to AI governance guided by regulatory compliance in late 2023. This pivot reflects a more immediate market need and aligns with current regulatory trends.
The original version of COMPLiQ remains a valuable idea but required a longer development timeline. The current focus on AI Governance and Compliance has been deemed the best approach by CDI to meet today’s market demands and regulatory requirements.
Next Steps:
Moving forward, the Council aims to formalize Vitreus’ partnership with CDI for both its committed future use of our blockchain and its dedication to the VIP program. This is a huge step in ensuring that you, the valued Vitreus holders, are rewarded for your loyalty.
Conclusion:
The Council appreciates the continued support from Chad and Brenton. We appreciate the time and transparency they provided during our many discussions.. As we advance, we will continue to prioritize open communication and ensure that our actions align with the community's expectations and the project’s goals.
Thank you for your continued support and engagement,
The DAO Council
We are happy to bring you a conclusion to the recent financial audit conducted on CDI's development of Vitreus and COMPLiQ. Transparency and accountability are key to our shared success, so we have been keen to bring you this information as soon as possible.
Reason for Audit:
Transparency is key for us all here at Vitreus, and Chad and Brenton felt it was important to bring clarity and assurance regarding the financial management of CDI’s development efforts, particularly around COMPLiQ. This process involved a detailed examination of financial records, including bank statements, blockchain transactions, invoices, and operational expenses. The objective was to verify the proper allocation of funds, ensure transparency in financial activities, and address any concerns about the evolution of COMPLiQ. This audit was not a formal forensic audit but a comprehensive review by the Vitreus Council that was designed to provide a high level of confidence to all holders in the project's financial integrity.
Audit Findings:
Funding for COMPLiQ: The audit process involved a detailed review of the financial records provided by Chad and Brenton. We can confirm that the current version of COMPLiQ has been funded through significant personal investments made by the founders. They provided bank statements along with invoices from Innowise to substantiate the use of these funds for the development of COMPLiQ as it stands today.
Traceability of Funds: Ensuring that funds were correctly allocated was a major focus of the audit. We’ve verified that all funds, both those from presale and from Reflex, are verifiable on chain. There are off-ramped funds from presale that have been questioned in the past. We can confirm that these off-ramped funds match with CDI’s submitted expenditures.
No Evidence of Wrongdoing: Based on the documentation and blockchain evidence reviewed, there is no indication of any wrongdoing. Although complex, the audit revealed conclusively where the funds had been spent, and that is a huge reason why we are where we are today!
Understanding COMPLiQ’s Evolution:
It’s important to clarify that COMPLiQ has evolved since its original concept. Initially, in early 2023, COMPLiQ was part of the FAME (Finance, Acquisitions, Markets, Energy) chains. However, based on feedback from industry experts and strategic guidance from the CDI Board of Directors at the time the project shifted focus to AI governance guided by regulatory compliance in late 2023. This pivot reflects a more immediate market need and aligns with current regulatory trends.
The original version of COMPLiQ remains a valuable idea but required a longer development timeline. The current focus on AI Governance and Compliance has been deemed the best approach by CDI to meet today’s market demands and regulatory requirements.
Next Steps:
Moving forward, the Council aims to formalize Vitreus’ partnership with CDI for both its committed future use of our blockchain and its dedication to the VIP program. This is a huge step in ensuring that you, the valued Vitreus holders, are rewarded for your loyalty.
Conclusion:
The Council appreciates the continued support from Chad and Brenton. We appreciate the time and transparency they provided during our many discussions.. As we advance, we will continue to prioritize open communication and ensure that our actions align with the community's expectations and the project’s goals.
Thank you for your continued support and engagement,
The DAO Council
The Vitreus Foundation Secures $15,000,000 Investment Commitment from GEM Digital Limited to Accelerate Decentralized AI Infrastructure Adoption.
[Grand Cayman, Sept 2024] – Vitreus, the visionary leader in decentralized artificial intelligence (AI) blockchain technology, is thrilled to announce a groundbreaking strategic partnership with GEM Digital Limited (GEM), a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. The signing of this agreement marks a significant milestone in Vitreus' journey as GEM commits to a $15,000,000 USD investment commitment into Vitreus, propelling the company into a new era of growth and innovation.
"We are excited to welcome GEM as our first institutional-grade investor," said Chad, Founder. "GEM's commitment to our vision and their substantial investment underscores the potential of Vitreus to shape the future of blockchain technology. With GEM's expertise and resources, we are poised to expand our reach, accelerate our development, and realize our mission of creating a decentralized, globally connected ecosystem."
Over the next two years, GEM will engage in ongoing OTC purchases of wVTRS, supporting Vitreus' growth while ensuring stability within the market. This partnership aligns with the long-term goals of both Vitreus and GEM, ensuring a collaborative approach to driving innovation and expansion within the blockchain industry.
"As we embark on this transformative journey with GEM, we'll unlock new possibilities, drive innovation, and shape the future of blockchain," added Chad. "This partnership is not just about investment; it's about aligning our visions for a decentralized future and working together to make that future a reality."
The partnership with GEM is a testament to Vitreus' potential to disrupt the AI revolution. Together, Vitreus and GEM are set to redefine what is possible in the world of decentralized technology.
About Vitreus
Vitreus is a Layer 0 blockchain platform designed to efficiently empower innovation through its unique multi-token economics and Decentralized Physical Infrastructure Network (DePIN). With VTRS and VNRG at its core, Vitreus is building a globally connected, decentralized ecosystem that stands at the forefront of the Web3 industry.
About GEM Digital Limited
GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.
We. Are. Vitreus.
@everyone
[Grand Cayman, Sept 2024] – Vitreus, the visionary leader in decentralized artificial intelligence (AI) blockchain technology, is thrilled to announce a groundbreaking strategic partnership with GEM Digital Limited (GEM), a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. The signing of this agreement marks a significant milestone in Vitreus' journey as GEM commits to a $15,000,000 USD investment commitment into Vitreus, propelling the company into a new era of growth and innovation.
"We are excited to welcome GEM as our first institutional-grade investor," said Chad, Founder. "GEM's commitment to our vision and their substantial investment underscores the potential of Vitreus to shape the future of blockchain technology. With GEM's expertise and resources, we are poised to expand our reach, accelerate our development, and realize our mission of creating a decentralized, globally connected ecosystem."
Over the next two years, GEM will engage in ongoing OTC purchases of wVTRS, supporting Vitreus' growth while ensuring stability within the market. This partnership aligns with the long-term goals of both Vitreus and GEM, ensuring a collaborative approach to driving innovation and expansion within the blockchain industry.
"As we embark on this transformative journey with GEM, we'll unlock new possibilities, drive innovation, and shape the future of blockchain," added Chad. "This partnership is not just about investment; it's about aligning our visions for a decentralized future and working together to make that future a reality."
The partnership with GEM is a testament to Vitreus' potential to disrupt the AI revolution. Together, Vitreus and GEM are set to redefine what is possible in the world of decentralized technology.
About Vitreus
Vitreus is a Layer 0 blockchain platform designed to efficiently empower innovation through its unique multi-token economics and Decentralized Physical Infrastructure Network (DePIN). With VTRS and VNRG at its core, Vitreus is building a globally connected, decentralized ecosystem that stands at the forefront of the Web3 industry.
About GEM Digital Limited
GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.
We. Are. Vitreus.
@everyone