EXIP Monthly Report | August, 2021
Dear EXIP community,
Glad to write to you with more valuable updates from August; A relatively long month kept us holding on to our horses with episodes of pandemic situations slowing the progress globally. We hope that you and your loved ones are keeping safe, and let’s fight to have a speedy recovery from this uncertainty.
We are delighted to see the trust built upon us and honoured to have such a community that showcases the support in achieving our goals.
We believe in taking the right decisions to serve the community better; The ever-increasing number of members joining our community stands witness to our decision-making abilities. Making project EXIP a success and earning a remarkable return to the members is our utmost priority. Our team has proven that by being certain in meeting the milestones of our roadmap at planned time frames. An encapsulated team by well versed global members, advisors, blockchain engineers who work around the clock every day to achieve these goals.
Thank you for bearing with us in this long-term revolutionary project that gives accurate and complete governance to the community over their web identity.
“Wait for the harvest shall reap great interest”
Stay tuned for more updates coming this way.
EXIP “BY COMMUNITY FOR COMMUNITY”
Launching Browser Extension
EXIP Development team launched the browser extension V1.0 Beta for Google Chrome browser on 01st August 2021. The extension was under development, going through the patenting procedures during the last couple of months. The team did their first successful testing in front of the investors on 20th July 2021, during the launch of IEO. The audience was able to view the first test site hosted under the EXIP DNS.
This browser extension will enable Google Chrome users to view the websites hosted via EXIP DNS solutions. Similar extensions are under development for other major browsers and are yet to be released to the market.
When major browsers change their flowchart to enable the decentralized websites to be viewed without the help of extensions will mark the ultimate success, and the strategy behind the standalone EXIP browser will make it real.
Live on VCTV
On the 10th of August, our Founder and CEO, Shashi Meghawarna, participated live on VCTV. He took the project in front of popular venture capitalists who provided valuable strategic advice. The “How to find funding for your startup?” programme gave us a broad spectrum in reaching more potential venture capitalists interested in the project.
Independent Smart Contract Audit
“Have you done your audits?” was an often-confronted question since its inception. “YES! We have Completed.”
Quill Audits — a reputed audit entity, was nominated as the 3rd party audit firm to conduct the smart contract audit. The procedure ran across all relevant curriculum pertaining to the security and longevity of the project. The firm completed their procedures and released the reports on the 19th of August.
The recommendations were forwarded to the technical team for consideration.
Get Report: https://tinyurl.com/mxf9erss
Extending the IEO
The management decided to extend the period of IEO. The decision was taken to facilitate necessary counteractive measures to confront several external factors marked beyond control due to the delays caused by the pandemic. The delays experienced in investors signing up and 3rd party smart contract audits were remarkable.
Find why it is important to extend the IEO :
The IEO will be extended until the 20th of September 2021, thus enabling more token investors to join the programme and consequently increasing the market capitalization.
Along with Coindar.org, Project EXIP launches a marketing promotion to celebrate the SYNOPSIS 2021 summit, increasing more engagement and awareness on the project. A total prize pool of 200USDT will be shared among ten lucky winners for a quiz programme organized; in which the questions are based on the SYNOPSIS 2021 event.
The promotional quiz competition is planned until the 02nd of September 2021.
Duration : 27/08/2021- 02/09/2021
Campaign: 10 lucky ones who answer all questions correctly will get 20 USDT each
AMA (Ask Me Anything) Sessions
On 4th of August, EXIP with ICOSpeaks, organized an AMA session hosted by ICOSpeaks. Our Operations & Community Manager Aswin, was present during the session, responding to the interesting questions asked by members.
Some of the interesting questions from AMA:
Q: What are the tokenomics of EXIP
A: EXIP has a fixed total supply of 2,100,000 tokens.We have allocated 75,000 tokens to the team, which have been locked, 50% for one year and 50% for two years. All 25,000 Pre Sale tokens have also been locked until the end of 2021. EXIP does not charge transaction fees when trading EXIP tokens. All EXIP holders would be staked 21% of each sale or auction of domains. All Node runners would receive 19% of each domain sale or auction.You can find out our full tokenomics on our whitepaper
Q: Let’s now talk about the milestones you have achieved so far and about your upcoming plans?
A: We have successfully implemented our MVP product, the Domain Reservation System, which can be accessed via domains.exip.live .Our Web browser extension is also currently live on the chrome store.Static website hosting is to be implemented on completion of our IEO at the end of August and our Community run DNS servers will follow.You can take a look at our full roadmap on our website exip.live
Q: What competitive advantages does EXIP have compared to similar projects ?
A: There are multiple project who are offering blockchain based domain names, but you are only allowed to choose from a very specific set of TLD’s. With EXIP you are able to purchase any domains or TLD to your liking whether it be your name or your companies name, all at a highly competitive price.EXIP is also the first to allow the community to run all the DNS servers which makes EXIP the only project to be truly decentralized
We create a new experience with exciting blogs that enable more knowledge on current DNS issues and our project.
Take a look at our recent work: https://exip.medium.com/the-threat-behind-the-current-dns-system-exip-for-revival-7ac673fc3e92
Primary Social Media Network Coverage
The month of August:
Main Market Drive:
Community Channels (Social Messaging Networks)
Social Media Platforms (Facebook, Linked In, Twitter)
Marketing Budget utilization: Moderate
Total Likes & Followers: 7130 | 7200
Total Followers: 1192
Linked In (https://www.linkedin.com/company/26618118)
Total Followers: 238
EXIP, a decentralized Internet, has no central governing body. Nobody reserves the right to dictate the primary operations of this internet. The building blocks to this system are decentralized applications, known as Nodes.
Nodes run on a decentralized network, such as the Ethereum or EOS blockchain. These nodes are controlled by a community of users staked with tokens for providing their computing power. The data you supply to use these applications get stored in an encrypted form on a computer network that cannot read your data. The keys to unscramble the encryption reside only on personal devices. The community alone controls their information.
EXIP returns ownership of your domains and TLDs, where an agnostic NFTs prefered by you identifies your domain & Top-Level Domain. EXIP DNS is blockchain-based, and the owner of the respective domain & top-level domain has complete control of its usage, even the provisioning of new domain names cum subdomains.
EXIP token is an agnostic usage & governance token releasing based on the Binance chain.2.1 Million EXIP tokens will be minted on Binance Smart Chain (BSC) and listed on exchanges.EXIP tokens will be used to buy, sell, and auction domains & top-level domains, while token holders will get staked when domains & TLDs are purchased & auctioned
EXIP project designed by multinational teams and partners of experts in blockchain technology, cybersecurity, and the Fintech industry in general. The team is led by Shashi, the founder and chief executive officer of Mobiglotech blockchain Corp & Sharmilan, CEO of Niftron (blockchain as a service), won the best newcomer award SAARC startup global awards. It serves in the project as the co-partners. The project token sale hard cap is 30MN USD.
Telegram Community : https://t.me/exipofficial
Telegram Channel : https://t.me/EXIPannouncement