2022 Q1 Community Update
Good day, beyondians! It’s been a while since we shared our quarterly update. It’s been almost a year since we started our project. We are extremely thrilled to share the updates we have. But first things first, we want to start by telling you how grateful we are for your continued support. Whether it be critical feedback or a simple compliment, we know everyone is yearning for the success of our project.
Here are the updates we have thus far.
- New UI/UX
- USDb utility
- Building an ecosystem
- The Market
- Community Consolidation
New UI/UX
We have changed the entire UI/UX of the web version. It was an overall revamp and reconstruction. We are extremely proud and excited to introduce this interface to all our users.
As we are firm with our vision, we will continue to improve, expand and refine our products & services to our community and become the leading platform for DeFi.
USDb utility
One of the most valuable assets in our platform is USDb. As many of you know, USDb is the stable coin that is issued when a trader stakes BYN. It is minted when it is backed by the BYN token. As we continue to grow, USDb has grown as well and we are now ready to bootstrap the assets and build the core utility for it. This will provide opportunities for traders and holders to have a better exposure to DeFi and future products we build along the way. We are currently testing, simulating and calculating the new utility we have built and will introduce to the community when we are most confident that it will be stable and sustainable.
Ecosystem
We are incubating different projects that will best suit the current market and increase the utility of BYN. This does not limit to the DeFi sector, but across gaming, metaverse, NFTs, infrastructure and services within Web 3. Our team has been working closely with several of these projects we are invested in and will share more details in the coming weeks.
Current Market Status
Q1 has been tough for us, as it has been for the entire industry. The DeFi sector may have slowed down, but we are constantly improving our foundation. In regards to token price and the market shifting, we will adapt and seek to further add value to our token. Buyback program is in play, and we would like to make it clear that we shall do all that is possible to stabilize token value.
Community Consolidation
We have noticed the lack of communication between us and our Beyondians. We have been building day and night and have recognized at times a lag in communication. The main reason behind this is the numerous channels, that need translation for different languages and regions.
Therefore, a decision has been made to gradually consolidate all communication channels to two main channels. Our official Telegram channel and our Discord channel. We will deliver constant & updated communication. Please also note, that for international languages, or for any product enquiry, we urge you to reach out to us via Discord. Thank you!
Our Mission & Vision
The Web 3 market shifts at a pace that is beyond fast. It evolves quickly, makes hype quickly and even withers quickly. But it is those that remain with their vision and mission who are able to stand and focus on delivering value to the community and to the space. We still firmly believe that DeFi will change a lot of aspects in our lives and will bring countless innovations to the overall financial landscape. We will remain dedicated and focused to our platform.
Closing remarks
We are constantly improving every aspect of our project and will continue to do so. The market has changed but we are stronger than ever and remain focused with a sharp attitude to innovate, expand and improve our product. We are going to make it and go beyond.
About Beyondfi
Beyond is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures, Spark Digital Capital and OKex Block Dream Fund, Beyond Finance allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.
