Free TON Weekly Meetup #27. English summary (03/11/20)
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Free TON Weekly Meetup #27. English summary (03/11/20)

TON Crystals have been distributed last Friday. 28,529,794 tokens – the largest distribution to date. Landing design contest winners, SA contest winners, the Crypto Angels proposal, TON Surf testers proposal, the initial members vesting also went out, the DGO subgovernance got their tokens, the Analytics & Support Subgovernance got their tokens, so did the Web & Design Subgovernance as well as the jury. TonOS dApp Server DevOps contest winners are still to get theirs. We kind of screwed up, but we’ll fix it – the winners will get their tokens in the next distribution cycle (which will happen more frequently).

New proposals and partnerships. We now have a Business Development Subgovernance and Analytics & Support Subgovernance. People on these teams take a close look at proposals given that they’re professionals in the field, so we hope that will encourage more people to create proposals with even more value.

Now there’s a suggestion guide for making proposals. It’s located on the forum in the Partnership section. We encourage everyone to read it and to comment.

There’s also a whole bunch of proposals that should go to voting on Wednesday.

Regarding the Free TON & CoinTelegraph potential partnership: both Free TON & CT share the same vision of decentralization as a global concept. This partnership is more of a educational one than the PR one, and it multiplies us by a factor of a 100. And that’s a damn good deal. By the way, the current proposal lacks some important numbers, e.g. KPIs and structured data on the coverage amounts for Free TON. We will fill the necessary information gaps for sure. We have a lot in common and we hope our partnership is gonna be promising.

There’s also a Free TON x bitcoin.com proposal out there, which is likely to be beneficial for the community and there’s also a Mexico SubGov proposal, it’s coming soon, there were a few typos, but that’s easy to fix, so the vote is probably coming up on Wednesday.

Regarding the voting in general: right now it takes 50% + 1 juror to actually vote in order to pass a rejection on a contest, so by default all the submissions are considered approved. This can constitute an attack on the network. We think it’ll be good to make it vice versa, so you actually need to have 50%+1 for the proposal to pass, so that means changing the smart contract. But that can’t be done instantly, so there’s that. First we have to launch Governance 2.0 and only then we’ll deal with it. 

Last Friday there was an initial members community call, it was really productive. Basically almost every initial member agreed to multiply their efforts to get the network more noticed. There’s gonna be a lot of attention – so we need to be prepared for the influx, not only in Telegram. Thinking bigger is key here.

New Validator onboarding: we have a multisig (DeBot), people need to create their wallets. Currently: about 112 are ready (out of 325). We’re now adding public keys to the DeBot and they will proceed with that. Still have lots of Validators to do their part of the job.

Regarding the African Subgovernance: the document for the ABI (Africa Blockchain Institute) is finalized and published on the forum. According to the document, there are two possible hackathons coming next year. Let’s wait for the feedback and then move forward.

There is a concern about distributing M.Ludi rewards into DePools. It’s a huge sum, more than 300 million tokens in total over the course of time. One person can’t be responsible for this. Making a stake in DePool is not justing sending money to multisig.

According to Mitya, there’s a solution. First the money will be allocated to another multisig with smaller number of participants (maybe from Initial Governance). Like the PDG concept. They’ll have to approve almost 400 transfers, so that will be done. manually. There won’t be a smart contract for that since it would have to be formally verified. And keeping the funds safe here is key.

We can’t set an estimate date on when all the validators will be good to go since they’re not yet ready to get their money. We don’t have all the signatures, not all the multisigs are deployed. By the end of November all the DePools will be distributed.

One of the most important aspects for validators is slashing conditions. That’s very important for the network. The main goal is to ensure that the network works in a stable way.

Two new contests on Formal Verification starting this week (as mentioned earlier). Next week we’ll launch a new contest on Electro and Slasher Contracts Formal Verification. We welcome everyone who’s eager to contribute to the Formal Verification process. When the Electro and Slasher Contract is done, we’ll try to deploy it ASAP to the network. First we’ll have to run it through the DevNet for a month or two, and only then we’ll move to the Mainnet.

Q: What is the future of Country Ambassador Phase 2 Contest ? As we all know the ambassador Subgovernance is dissolved now.
A: The Ambassador Subgovernance is currently on suspension. So technically there is no Ambassador SubGov at the moment, but everything that was promised in Phase 1 – it’s coming in Phase 2. People need to wait.

Ivan Kotelnikov: « Everyone on this stream is eligible to send me a message and you’ll be invited to Free TON Research Group which is actually gathered around the relaunch of Ambassador SubGov”

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offline 2 months

Adrian Chase

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Comments: 0Publics: 12Registration: 29-10-2020
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Publication author

offline 2 months

Adrian Chase

10
Comments: 0Publics: 12Registration: 29-10-2020

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