Author Topic: Achain Weekly Report-2018.0427  (Read 668 times)

Offline achain_forum

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Achain Weekly Report-2018.0427
« on: April 28, 2018, 02:14:23 PM »
Dear Achainers:

Total number of Achain contracts has reached 112 and continues to grow.Let's see what progress we made last week.

Business Development
  • Huobi launched ACT/USDT trading.
  • COBINHOOD added a ACT/BTC trading pair.
  • CEX.com added a ACT/USDT trading pair.

Core Development
  • Completed the cross-platform integration for the Achain code base and upgraded Achain's third-party libraries.
  • Increased the efficiency of Achain's synchronization and contract execution.
  • Added an interface to set local contract.
  • Tested the spillover of contract transfers to ensure the security of Achain.
  • Continued preparation for decentralized and cross-chain projects.

Wallet
  • We’ve begun developing improvements to the Lite Wallet by adding additional features and functionality. When this update is complete we’ll announce it promptly.

Community
  • Phase 3 of the loyalty program has been successfully completed with 4840 participants&81,277,212.71687 ACT locked up in the program.
  • As an added bonus all participants of the loyalty program will receive the Outlets Chain (OLC) at a ratio of 200 ACT: 1 OLC.
  • Phase 4 of the loyalty program begins on May 3, 2018.
  • Attended the Blockchain Summit in Macau and developed relationships with participants.
  • Attended meet-up with Vietnam Achain Community.
  • We are preparing for the Indonesian summit on 05/09/2018
  • The Achain Silicon Valley community attended the Start Engine Summit in Los Angeles.
  • The Achain Canadian community attended the 2nd Annual Blockchain Conference in Toronto.
  • The Achain King of the Meme contest is ongoing (information about rules and prizes is available here:https://medium.com/@AchainOfficial/show-us-your-best-achain-meme-and-win-1000act-e9d9b4ddc5b5).
  • Achain won the award for most valuable blockchain at Star Power Awards Ceremony in China.

Previous view: Achain Weekly Report-2018.04.13
https://newforum.achain.com/index.php?topic=2508.0

Thanks & Regards
Achain Team

Offline actlover

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Re: Achain Weekly Report-2018.0427
« Reply #1 on: May 09, 2018, 11:34:11 PM »
Hello guys, can you give me one clear example to calculate final reward of each phase of Achain Loyalty Program?

There is no example for this formula in the program announcement:

How much you will earn?
Your final reward of each phase = (Average ACT balance of the phase / Total amount of ACT participated in the phase) * (Amount of ACT allocated for reward in the phase)

1. Let say my "Average ACT balance of the phase" is 210. It came from: 500+100+400+50+0/5 snapshot= 210

2. If the "Total amount of ACT participated in the phase" is 100 ACT

3. and the "Amount of ACT allocated for reward in the phase" is 300,000 ACT, there will be 630,000 ACT for me.

In short:
210/100*300,000 = 630,000 ACT

Is that right?