Biying.com crowdfunding is declared a success, and ETC community construction is progressing steadily

On the evening of November 6, 2016, with an investor investing 100,000 ETC, ETCWin (Biying.com) crowdfunding was officially declared a success. As of the early morning of the 7th, the accumulated funds of ETCWin crowdfunding reached 830,000 ETC, and the crowdfunding progress exceeded 103%, with the support of 159 investors.

ETCWin is a digital asset exchange that uses Ethereum’s original chain ETC as the basic digital currency. ETC is used as the basic digital currency to trade mature currencies of the POW consensus mechanism and tokens issued by the community ICO. ETCWin started crowdfunding at 3 pm on October 17, 2016, and the crowdfunding progress on the first day exceeded 25%. After 20 days, ETCWin successfully raised more than 800,000 ETC, and there are 17 days left before the end of the crowdfunding.

During the crowdfunding, ETCWin's external cooperation has also made continuous progress. On October 20, ETCWin and Bitbank reached a technical cooperation to explore a new model of cooperation between exchanges. ETCWin will be connected to the Bitbank commercial platform. Bitbank will provide technical support and services for ETCWin in the circulation, settlement, storage, and security protection of digital currencies. At the same time, CHBTC under Bitbank will also carry out technical cooperation with ETCWin in digital currency transactions.

Not long ago, the ETC mining pool 91pool under the ETCWin operating company Kuoyue Technology officially became the world's largest mining pool. It also became the first recommended mining pool in the ETC community.

During the crowdfunding period, the ETCWin project team also continued to advance the project. Chen Gang introduced:

"During the crowdfunding period, the ETCWin team reorganized its staff, updated its office space, designed and improved the system, and contacted external partners through multiple channels. It also determined important matters such as adding a game section to the ETCWin platform. BITMEX and ETCWin are also negotiating cooperation, and will add the Win token contract to the simulation market in the near future. At present, all work is progressing smoothly, and the system platform will be launched as planned. We hope to receive your continued support and praise."

Taking this opportunity, Chen Gang also introduced a series of recent plans after the crowdfunding ends:

“After the crowdfunding is over, a series of activities will be held, such as: a prize-winning competition for Win coin logo design, an ETCWin ICO thank-you party, the opening and launch of various ETCWin platform project functions one by one, and a series of joint promotion activities between ETCWin and the ETC technology community.”

ETC Community Progress

With the launch of ETCWin crowdfunding, ETC community construction is also progressing steadily. At the end of October, ETC completed the latest protocol upgrade, the hard fork was successfully executed at block 2,500,000, and the computing power has stabilized at 650 mh/s. At present, the focus of ETC development has shifted back to monetary policy and management.

In mid-to-late October, China Bitcoin (CHBTC) once again donated to the ETC Development Fund. This is also the second donation by China Bitcoin, with the amount being 4,016 ETC.

Ethereum Association ECC (formerly known as the Ethereum Chain Promotion Association) is currently working on various matters, including: establishing the association's operating model, purpose, funding sources, etc. Recent work mainly includes the construction of the website etc.tm, domestic and foreign community communication work, developer recruitment and funding, etc.

The ETC hard fork (protocol upgrade) has gone smoothly, but the community still has interesting discussions about immutability and decentralization. The author under the pseudonym rocky wrote in an article:

A hard fork that changes historical transactions on the blockchain is undesirable, but a hard fork that fixes system vulnerabilities is necessary. The ETC blockchain is fair to all smart contracts and transactions on the ledger. ETC's goal is to ensure that the initial social contract of ETH - immutability - continues. Like Bitcoin, ETC is maintained by volunteers in the community and strives to achieve true decentralization.

Talking about the construction of ETC community, Chen Gang said,

“ETCWin is the first ETC ICO, the first ETC application, and also the first systematic service platform that aims to ‘focus on blockchain ecological value construction’. Our team’s goal is to work hard to combine blockchain technology with practical application scenarios.”

There are still 17 days until the end of the ETCWin crowdfunding. Chen Gang expressed his deep feelings for the support of many users:

“I sincerely thank you for your continued attention, encouragement, support and encouragement. We hope to gain your recognition and support for this crowdfunding. I believe that your support for ETCWin will also support ETC and the ETC Chinese community. Driven by your value investment, there will be infinite possibilities in the future.”