Recap of Previous Month: In January, Canxium achieved significant milestones including listings on major exchanges like MEXC, developing strategic partnerships with industry players, and introducing innovative features such as the $OFF token for offline mining. We also witnessed remarkable growth in our market presence, with listings on CoinMarketCap and reaching all-time highs in token value and market capitalization. Community engagement increased with increases in Discord, Telegram, and Twitter followers.
Executive Summary of February:
Key highlights of this month include the start of the second listing campaign, the introduction of the Canxium Wallet Beta, successful fundraising efforts, a listing on TradeOgre, and advancements in the Cerium testnet migration. Additionally, notable achievements were reached in terms of network growth and transaction volume.
Project Progress:
1. Refund of First Listing Campaign
Before starting the third fundraising campaign, we announced a refund plan for the amount raised in the initial campaigns. The refund was spread evenly over several weeks, started on the 15th of February, at a rate of $1200 USD per week or $200 USD per day. The refunding of the Mexc listing campaigns is now successfully completed.
2. Introduction of Canxium Wallet Beta
Canxium reveals the Canxium Wallet Beta, addressing compatibility issues with the Canxium network. While the official version awaits review by the Google Store, users are encouraged to try out the beta version for experimental use, with a caution against storing crypto assets on it. Soon the wallet will be available on the Google Play Store and Apple App Store.
3. Launch of Third Fundraising Campaign
Canxium launched its third listing campaign on 20 Feb, aiming to secure listings on at least three top 12 exchanges. Following successful progress on Mexc, the campaign target is $75k USD, including listing costs and other funds required. Early contributors stand to receive refunds with a 16% bonus. The Canxium community rallied behind the project and contributed $63k+ on Neo’s call. The fundraising is almost completed as the founder agreed to arrange the rest. Plans are in place for the official listing on the new exchange by the end of March.
4. TradeOgre Listing Announcement
Exciting news as Canxium gets listed on TradeOgre, expanding trading options for CAU token holders and furthering market accessibility.
5. Cerium Testnet Migration to PoS
Canxium begins the migration process of the Cerium testnet from PoW to PoS to test the feasibility of the transition. This milestone paves the way for a hybrid blockchain model, combining PoS with Offline Mining.
6. Milestones in Network Growth
Canxium achieves significant milestones in network growth, with over 5.5k+ accounts and 8k+ total addresses. Daily trading volumes exceed $1.5 million USD, signaling a 40% growth since the previous month. Canxium reached block 3,142,048, with an ATH mining difficulty of approximately 80 TH, indicating robust network activity.
7. Preparation for Hydro Fork
Canxium is preparing for the Hydro fork scheduled in four months, placing itself as the first blockchain to balance prices based on market demand and supply, revolutionizing its stability and production costs. Stay tuned for more updates.
Canxium remains committed to innovative solutions, collaborations, and transparency in operations, as we make strides in the cryptocurrency landscape. The team expresses gratitude for the community’s continued support.
