MultiVAC the 33rd Bi-Weekly Report: MultiVAC‘s Mining Plan Is Updated and “Everyone Mining & Perfect Earning” Plan Officially Launched

4 min readOct 21, 2019

Welcome to MultiVAC’s Bi-Weekly Project Report for the past two weeks. If you have any questions or suggestions, please feel free to send your feedback to core@mtv.ac.

Key Progress

1. Updated mining program of MultiVAC supports deposit and withdraw at any moment and daily compounding mechanism;
2. MultiVAC is holding Binance community coin vote retweet bounty;
3. The testnet browser version 2.1 iteration was carried out and added multiple MTV mining data displays;
4. Gate.io will launch MultiVAC (MTV) sale on October 23;

Technological Progress

1. Added miner binding third-party address function, which can realize agent mining and improve the security of deposit account;
2. Fixed a message delay bug to solve the memory growth problem;
3. Fixed a partial node consensus stuck bug, ensuring that the node can receive the vote normally after the re-sharding;
4. The testnet browser version 2.1 iteration was carried out, and added multiple MTV mining data displays;
5. Adjusted the miners’ deposit threshold and optimized the miner’s income compounding mechanism;
6. Completed the automated deployment of testing-tools to facilitate node deployment testing and data monitoring;

MiningProgress

Apply for Mining Whitelist:http://mtvmining.va.mikecrm.com/E91WWVV
Query reward: https://e.mtv.ac/#/home
Query reward ranking: https://e.mtv.ac/#/network
Official deposit address: 0x7F7EBDBf85028Bb6Cd8fb078f5aD89Dd162868c6

Community Progress

1. Updated Mining Program Of MultiVAC Supports Deposit And Withdraw At Any Moment And Daily Compounding Mechanism

Mining program in MultiVAC’s testnet has been completely updated and the “Everyone Mining & Perfect Earning” plan will be launched, supporting deposits and withdraws at any moment and daily compounding. MultiVAC CEO Frank said that this updating would greatly boost miners’ enthusiasm to join MultiVAC’s ecological construction. Miners enjoy more freedom as they can deposit and withdraw at any moment, which further establishes a more democratic, fair, and stable ecological network. For the details: https://medium.com/multivac-foundation/multivac-s-cloud-mining-is-updated-completely-and-everyone-mining-perfect-earning-plan-is-ba2f411887fe

2. The Rewards Of MultiVAC’s Double Profits Of Staking MTV Activity Have Been Distributed

The Double Profits of Staking MTV on Binance DEX activity held by MultiVAC came to an end and all rewards have been distributed. It is said that Double Profits of Staking MTV on Binance DEX activity had been released on August 20. The lock-up period is 36 days and all miners can get 20% lock-up rewards (10% MTV+10% BNB).

3. MultiVAC 120% Equity Token MMTV Execution Ended

MultiVAC’s equity token MMTV co-launched by the MXC Exchange on August 26th has expired on October 15 and has been removed from the exchange. Users can exchange 0.006 USDT for each 1MMTV+1MTV. MultiVAC repurchases approximately 130,000 USDT — worth tokens. All distribution work has been finished.

4. MultiVAC Is Holding Binance Community Coin Vote Retweet Bounty

MultiVAC is holding a retweet bounty for the round two of the Binance Community Coin Vote. Users who participated in the retweet or comments can receive a maximum of 2,000 MTV rewards, with a total of 150,000 MTV rewards on a first-come, first-served basis. For the details: https://t.me/MultiVACMTV/374

5. MulitVAC CEO Frank Is Invited to Participate in the First Anniversary of BitMax

On October 19th, MultiVAC CEO Frank was invited to participate in the first-anniversary celebration of BitMax at the China World Hotel in Beijing. In this celebration, CEO Frank and many project leaders, wallets, media, and other participants conducted in-depth exchanges and discussions on current technology development and market environment.

6. Gate.io Will Launch MultiVAC (MTV) Sale on October 23

Gate.io will start the sale of MultiVAC (MTV) on October 23, UTC 4:00–6:00, and the amount are 250,000 USDT. Trading service will be enabled once the project fulfills its fundraising goal. It is said that in order to give back to the users, this event has specially added the Super Reward, and the users who participated in the first 10 minutes have the opportunity to win the special reward. For the details: https://www.gateio.co/article/17058

About MultiVAC

MultiVAC is a high-throughput flexible blockchain platform based all-dimensional sharding. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications (dApps). MultiVAC is developing the first solution in the world characterized by speediness, efficiency, and all-dimensional sharding to expand its capacity in computation, transmission, and storage. It realizes the maximum throughput while maintaining decentralization and without sacrificing security.

At the same time, MultiVAC pioneers flexibility for DApps to trade-off freely on the impossible CAP triangle between decentralization, performance, and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements.