With every Live at Five, we start with a theme. The theme of this month is confidence. The year is just beginning, but we’re on the same track. The team is growing, and we’re putting the right people in the right places. We like how the future looks.
Kyle Turnbull
May 06, 2021 · 8 min read
As a project, we’ve spent the time building a strong foundation for the future. This foundation is as important when talking about our team as it is about the technology we create. We’re incredibly confident in our ability to deliver because of the intentional effort we’ve put in on the ground floor. Thank you to everyone who shares this vision with us and trusts us to deliver it.
As a project, we’ve spent the time building a strong foundation for the future. This foundation is as important when talking about our team as it is about the technology we create. We’re incredibly confident in our ability to deliver because of the intentional effort we’ve put in on the ground floor. Thank you to everyone who shares this vision with us and trusts us to deliver it.
What's in this update?
New Year, same mission. We make crypto fun. We make crypto easy. We’re doing this through four key avenues:
Over a decade since the invention of Bitcoin, we’re starting to see cryptocurrency mature. We’re seeing this shift towards the user, from which we have never pivoted away. We were always confident that we would be ahead of the curve if we tackled the user experience. We’re seeing more and more institutional players enter the space, purchasing Bitcoin, Ethereum, and a host of other currencies. It’s all about confidence. We know what we’re about, and we know we’re positioned well for the future of finance.
Most of the good examples of user experience in crypto are custodial solutions. We’re committed to both offering a world-class wallet experience, in a decentralized, non-custodial way. We will never falter on this. Your keys will always be under your control. Your coins will always be yours. No exceptions.
Behind the scenes, our easy-to-use mobile wallet is powered by some seriously impressive tech. Adding money to your account should be easy. Sending money to friends should be easy. However, behind the scenes, a lot is going on. The graphic below outlines the areas in which our wallet will operate.
We announced the project roadmap in our weekly update last week, but we want everyone to look at it! We update the roadmap every week, so keep your eyes glued to this for changes.
We already have a phenomenal support crew who work 24/7 to keep the community up and running. As a part of the new wallet, we will be rolling out a ZenDesk support system from within the app. This support process increases our ability to help you while increasing security for everyone.
Our new blog now has content! Please go check it out, as it’s an integral part of our SEO strategy for 2021. You can expect plenty of informative articles for the crypto-newcomer, as well as think pieces and all updates!
Plenty of new nodes this month, with a few diamond nodes coming online! Congratulations to those members! We’re sitting at 1557 total masternodes, and we’ve seen some impressive consolidation over the past few months. Wallet sign-ups continue to grow, with 16,929 people excited for the release! If you haven't yet signed up, pop on over to wallet.diviproject.org!
There were so many fantastic entries for the “Divi in the real world” video competition, so thank you to everyone for your time and effort! We selected the following three videos, and all three win both Divi and access to beta testing!
It seems like as good a time as any to introduce the next Divi competition! We want the community to submit their best memes.
To enter:
Geoff McCabe (CEO), Nick Saponaro (CIO), and Jeff Packard (COO) spent the week in San Diego ‘operationalizing Divi’s strategic goals’. So what does that mean? It means analyzing our current offerings, reviewing objectives, and creating actionable plans for the year. 2021 is the year of execution and delivery. The year we deliver our solutions to the general public. Having a week together to prioritize these goals was incredibly valuable and beneficial to the project.
Geoff and Nick reflected on how far Divi has come and the challenges that they faced early on. One of the first challenges was acquiring a company bank account. It was nearly impossible; no one would take crypto as payment. Now, the project is negotiating partnerships with banks. We’ve come a long way.
We’re currently speaking with a tier-one exchange, and we’re optimistic about the progress. These exchanges are often notoriously difficult to work with and set ridiculous requirements, often at late notice. We have not signed anything there yet, so we cannot name names. However, we have signed a contract with BuyuCoin in India, about which we are incredibly excited. We see India as the most significant emerging cryptocurrency market.
Without a signed contract, we cannot discuss the details of any partnership. Pre-announcement hype should be left in 2017. We’re now a real company, with real ambitions and strategies. As soon as things are official, the community will know.
Plans for a wrapped Divi token are underway. Wrapped Divi is a part of the ‘Divi Everywhere’ concept whereby we want to push our coin into every ecosystem possible. We can think of this as xDIVI, where x can mean Divi on the Ethereum, Cardano, Zap, or Wax network, to take advantage of every possible crypto use-case.
Simply, no. This is why our patented MOCCI2.0 is so revolutionary. With our decentralized and secure staking vaults and masternode hosting, users can help secure the Divi ecosystem with minimal effort. Using our dual key staking solution and remote broadcast Divi nodes, we’re making crypto easy on not only the user but their devices too!
First of all, Ethereum does have high fees today, but the release of ETH2.0 will change that. Secondly, a majority of the DeFi development is taking place on Ethereum, making it the place we want to be. Finally, we will likely have more than one DIVI token on Ethereum, and we will have it on WAX and ZAP. This is all a part of our ‘Divi everywhere’ strategy. In saying that, we may not be the driving force for all future initiatives. We’re open-source, and those that have the ability are encouraged to explore these avenues!
Yes, if you can! At the moment, staking does require more effort, but with staking vaults, this will change. It’s not a requirement, but the more diverse any system is, the stronger it is!
Yes! 100%. This can happen both through our fin-tech, and our upcoming financial services partner!
Clubhouse is an emerging social media that we’re looking into! We would love to host this forum style Q+A there if possible. We’re exploring the option, so watch this space!
Great question. First of all, as a project, we do not have any control over the price of Divi. Secondly, we’re evasive around the price for a reason. We’re not allowed to speculate on price. Our time is better served building phenomenal products and technology, which is what we will continue to do. With regards to the wallet, we’re committed to releasing a polished and complete product. We don’t set hard dates, but we encourage you to look at what the first release will look like and what we are testing right now and draw your own conclusions!
Thank you so much to the community for tuning in every month. We love doing this, and we love that you all continue to show up! 2021 is the year of delivery. We’re excited to be on this journey together!
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Kyle Turnbull
May 06, 2021 · 8 min read
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