Divi Live at Five: August recap

All the best bits from the Live at Five in one place. Catch up on the month of August!

Kyle Turnbull

August 30, 2021 · 6 min read

Divi August Recap

Divi August Recap

Thank you to everyone who joined us live on Friday! There’s something incredibly special about being able to share in the successes and excitement, together. If you missed the show, no worries, this recap will take you through all of the key goings-on. 

 👉 Live stream

👉 Twitter thread

 

Key takeaways 👏🏻 

👉 The Divi ecosystem continues to grow. Masternode distribution is very healthy. 2055 masternodes across all tiers, with 52.1% of coins locked up in nodes. 

👉 Great catch up with Geoff McCabe who discussed how he’s settling into his new role, and where he’s headed!

👉 Building upon the success of the first campaign, we will be extending our liquidity mining venture with Hummingbot. 

👉 We will be attending the World Blockchain Summit and the Crypto Expo Dubai, both on the 13th and 14th of Oct.

👉 We’ve added a folder full of awesome assets for you to use! Backgrounds, emojis, logos, anything you could ever want. Get designing!

👉 Staking Vaults are 98% complete, and we’re entering a third-party security testing phase. It’s our responsibility to create and build features that respect this.

👉 We’re super excited to bring you Spanish language support in September.

👉 We can announce our newest partner: Viva Capital is a full-service cryptocurrency firm that provides done-for-you solutions for investors! 

Condensed show 

[Coming soon]

Divi by the numbers

The Divi ecosystem continues to grow. Masternode distribution is very healthy. 2055 masternodes across all tiers, with 52.1% of coins locked up in nodes. Over the past few months, we’ve seen a big increase in the amount of the higher tier nodes. This is probably a combination of people moving through the tiers and new node owners. We are excited to see how the landscape changes on the more accessible end of the ecosystem when staking vaults are live. 

Check out the key metrics for the month 👇

Masternode distribution over time, by tier.

Masternode distribution over time, by tier.

5 After 5 with Geoff McCabe! 

Geoff joined Nick on the show to offer some clarity surrounding the structural changes at Divi, and where he is now focusing his time. So what is Geoff up to in his new role as Chairman of the board?

👉 Pushing Divi to people in the crypto-world. Following up with partnerships and ensuring we’re at the forefront of crypto development. 

👉 Continuing to work on his ‘personal brand’ as both an ambassador for Divi, and a leader in the space. 

👉 Personally funding and developing Divi use-cases, such as DiviGo, Siege Worlds, and LighteningWorks. 

👉 Returning to El Salvador (4th-9th September), with Brock Pierce and the BTC delegation. 

HummingBot Campaign has been extended 🤖

Building upon the success of the first campaign, we will be extending our liquidity mining venture with Hummingbot. We’re excited to be extending the campaign for another 12 weeks! Some key metrics so far: 

🔥 262 distinct users

🔥 Liquidity miners provided US$5.6mm of filled order volume

🔥 Miners accounted for 70% of the Volume provided on KuCoin

All details can be found here 👉 Learn more 

We’re going to Dubai! ✈️ 🇦🇪

We will be attending the World Blockchain Summit and the Crypto Expo Dubai, both on the 13th and 14th of Oct. If you’re in the area, get in touch! We will be speaking, and have a significant presence, so it should be a blast. 

Community assets! Time to get creative 🎨

We’ve added a folder full of awesome assets for you to use! Backgrounds, emojis, logos, anything you could ever want. We will be updating the folders as we go, so stay tuned. Get out there. Get creative. We’re excited to see what you come up with! 

Check the ‘community design assets’ link at 👉 https://diviproject.org/

Wallet updates: moving forward 🔥

From next month, our product manager Chris Airola will provide the monthly updates. We’ve heard your thoughts about our roadmap. Chris is tightening up the scoping,  and we will add a lot more detail and accuracy moving forward. 

Spanish Language Support 🇪🇸

We’re super excited to bring you Spanish language support in September. Early on, we recognized the importance of our Latin American markets, and feel it necessary to provide this in-app language support now. As we seek to leverage the recent movements in El Salvador, this functionality will be critical! 

Staking Vaults 💰

Staking Vaults are 98% complete, and we’re entering a third-party security testing phase. As you all know, we have to complete a security audit before we offer features that interact with your funds. It’s our responsibility to create and build features that respect this. Staking Vaults are one of the most groundbreaking features in the wallet. It’s not only unique to our wallet but all wallets. It’s a game-changer, and we couldn’t be more excited. 

 

🚨 Important 🚨

Subscription fees will begin for Nodes & Staking Vaults on the Mobile Wallet. We are keeping the same flat monthly fee philosophy as we have now. Stay tuned for more information and communications around fees in the near future. 

Announcing our newest partner: Viva Capital! ✅

Viva Capital is a full-service cryptocurrency firm that provides done-for-you solutions for investors. We were joined by co-founder and Managing Director Omar Westerberg to discuss the partnership!

Viva Capital will assist investors to acquire 100k USD or more of Divi. This will be directed to the order books which should contribute to an increased price. We’ll be able to work together in a variety of ways in the future to help our clients. They also offer Crypto-IRA support and management, to make the process of including crypto seamless and easy. 

There has been a big push from some of their current clients to include masternodes in their offerings, so Divi became a logical choice! 

To learn more 👉 https://vivacapital.io/

Community AMA 

Q. I have a self-directed IRA, just happened to talk to some folks last night about it. What would you say is the best way to engage with you for them to set one up?

With an IRA, the first step is figuring out what is feasible. One of the biggest mistakes with a self-directed IRA is the permissions surrounding crypto, which depends on your custodian. To get started, reach out to either the Divi Team or the Viva Capital Team, and we’ll get you started. 

Q. Does this mean we will see Crypto IRAs within the Divi Wallet? 

Potentially, what will likely happen first is seeing the IRA within the wallet. This means your node stays in your custody, and we develop the legal framework around it to give it the benefits of an IRA. 

Q. Is Viva able to help Divi and crypto users as a whole with crypto tax reporting? What countries do you operate in?

Tax reporting is currently under development. 1 in 4 of our customers is asking for a tax reporting feature, so it’s underway. We are a Singaporean entity, as they offer incredibly favorable cryptocurrency laws. Tax reporting will depend on the region. We hope to have USA-based tax reporting by the end of the year. 

Q. Is the Divi Team considering creating a masternode that is lower than copper? 

The simple answer is that staking vaults will provide that ‘lower’ tier option for people. People will be able to support the network with any amount. 

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Kyle Turnbull

August 30, 2021 · 6 min read

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