🚀[ANN] POLIS | Proof-of-Stake and Masternodes | Decentralized |

[polispay]

Hello Polis Community !
It's been a while since we lasted updated you on the status and development of Olympus.

1.
We are happy to announce that the team has finished the initial development of the Olympus codebase. This means that the chain is ready to enter the Public Testnet. The semi public testnet has been running stable for about 1.5 month without any consensus errors or significant bugs.  We are looking to launch the public testnet in the next 7-14 days. An external company will do an extensive audit on the olympus codebase locating any potential bugs and risks we might not yet have overlooked.
The time this will take is estimated at 2.5 weeks. After we receive the final report we might need some time to take action to solve potential issues. The time this takes depends on the result of the final audit.

2.
Regarding the GUI wallet : Unfortunately, the team has experienced some slowdowns with the Olympus GUI wallet, you can see its current status in the screenshot below. The wallet will be released in a couple of weeks after the Public Testnet is available.
To encourage users to start using the new chain, the team has also created an Olympus light wallet that will be released as a chrome extension wallet see screenshot below.
This wallet can easily be ported to mobile and desktop devices as well so you can expect these versions to be made publicly available shortly after.

3.
We have finished making the official Olympus explorer
In the screenshot below you can see the first version of the official Olympus Block Explorer, it will help Olympus testers to track blocks, transactions, and accounts as well as providing some insightful chain information such as validator and chain statistics. This will be continuously updated through the life of the Public Testnet so that more features are added.

 
4.
 On another side note : we are really close to finishing the wPolis Defi ERC20 token. We are now doing internal testing on swaps. There will be 3 releases:
- First release will include a one-way bridge to ETH, this will be released as soon as tests are finished (ETA 1 week).
- First update will include the bridge to change wPolis into polis. (ETA 2 weeks).
- Third release will include a farming pool, which you will be able to farm your liquidity on the ethereum network for more POLIS. (ETA 3-4 weeks).

5.
We are having a AMA with our DAO managers next wednesday 25/11 at 12 PM PST. Where you can ask specific questions about the project.

We are sorry for keeping you wait this long. We are doing everything we can to make the best experience possible for everyone involved in the Polis project.

Polis Team

GUI WALLET


Olympus Lightweight Wallet

Official Explorer

Preview wPOLIS swap page

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[Reut001]

Hello everyone!

Basically I just decided to add a comment since there were no discussions from current polis users for some time!

Polis is truly a great coin with lots of ways it can be used even in everyday life using polis pay application.

Where everyone can buy girt cards using polis, converting coins from one to another using built in shift feature. It uses non custodial wallet too.

There is also a lot of development going on to develop polis coin progression further up trend.

Feel free to join this friendly, dedicated team of professionals, everyday users, and masternode holders.

Polis coin has very well organized, secure, discord channel.

The project has now a DAO team, which helps the project to develop and progress further.
 
From my personal view, polis coin will help me to finally achieve my goals and make everybody who's important to me happy.

[TIPonline]

Hello. I've been following your project from the very beginning and
I consider it very promising and plan to invest in the future.
But there are a few issues that I am very concerned about as an investor.
1. is the Olympus Protocol written from scratch or copied with adding some corrections?
2. will the Olympus Protocol work on the new blockchain or will it be ERC-20 ?
2. When will debit cards be available that will work throughout the world?
3. what major exchanges do you plan to deal with in the nearest future?
I think that many people on this forum would like to get answers to these questions in a detailed form. Thanks a lot!

PS I Wish you good luck. You are hard workers and you will succeed!

[polispay]

Hello. I've been following your project from the very beginning and
I consider it very promising and plan to invest in the future.
But there are a few issues that I am very concerned about as an investor.

1. is the Olympus Protocol written from scratch or copied with adding some corrections?
    Olympus has been coded from scratch by our own dev team and took about 12-15 months of coding time.
    The only thing copied from another project is the casper consensus taken from the ETH 2.0 project.
    The olympus code base is now undergoing an audit to find any potential bugs, ensuring we have a secure and smooth working chain.

2. will the Olympus Protocol work on the new blockchain or will it be ERC-20 ?
    Olympus is a new blockchain, it's not in any way an ERC-20 token.

3. When will debit cards be available that will work throughout the world?
    We are constantly looking for potential partners and contacts to secure an worldwide card.
    However these contracts can be very expensive and are sometimes limited to certain regions (for example epay).
    We currently have no ETA on when we will be able to offer a card working worldwide.

4. what major exchanges do you plan to deal with in the nearest future?
    Unfortunately we cannot disclose exchange names at this time as we continue to talk with them on listing conditions and terms.
    The team is focusing on finding Tier II exchanges that will fit the project’s needs.
    As soon as the Olympus code passes the code audit, we will be sharing all the details regarding new listings.
    It is important to understand that for a new codebase, the exchange listing process usually takes longer.
    For forked coins or ERC20 tokens, exchanges can very easily integrate a project. For new codebases, they need to integrate new
    technology and processes  and this takes time.
    

I think that many people on this forum would like to get answers to these questions in a detailed form. Thanks a lot!

PS I Wish you good luck. You are hard workers and you will succeed!

[polispay]

Hello Polis Community !

We are please to announce that the wPolis Defi bridge has been launched.

Details :

- You can find the bridge here: https://defi.polispay.org/

- The fee to make a swap is 5 polis regardless of the amount you swap.

- After you make a swap it takes around 20 minutes to receive your wPolis.

- The wPolis address on the ETH network is : 0x622f2962ae78e8686ecc1e30cf2f9a6e5ac35626

- You can add liquidity on uniswap using this link
  https://app.uniswap.org/#/add/ETH/0x622f2962AE78e8686EcC1E30cF2f9a6e5aC35626
  (You need the same amount of ETH and wPolis)

- You need the metamask wallet to use the defi bridge (install link on the polispay defi page).
  You can use your same mnemonic as on polispay, or you can create a new one.

- wPolis is also listed Polispay, however you can not buy giftcards or use shift with wPolis, this
   can only be used to view your balance.

- We are working on getting some farms to reward people that add liquidity to the ETH - wPolis pair.

- To swap Polis on uniswap visit here https://app.uniswap.org/#/swap, select ETH and for the other coin you paste
   the wPolis address.

- We are also working on making this process as simple as possible and will provide guide and video.

  Should you require any assistance please use #support-ticket

Enjoy your taco's !

Polis Team

[polispay]

  Hello Polis Community ! 

We are pleased to announce the first Olympus Public Testnet V1.0

In the current version you will only be able to run validators on the command line without a GUI wallet.
We are close to finishing the GUI wallet with validator functionality, we estimate this to be ready next week.
In the coming days we will be releasing small updates/features and increase the testnet version to V1.X

The main objectives of this testnet are the following :

* Show the community the nearly finished Olympus chain
* Make you familiar with the VPS commands
* Get more validators and traffic on the testnet
* Find potential bugs or things you want to see improved
* Make better guides for all skill levels

1. Official Github Repository :

https://github.com/olympus-protocol/ogen/releases

2. Installer script/Instructions for Ogen and Validators for your VPS (by Crypto_Sharks)

Please visit #olympus-ptn (will be further updated when needed)

3. Support :

For any issues please open a ticket in #🆘support-ticket.
We will look into each ticket and try to solve accordingly.
Please be aware support for the testnet is not handled as fast as for the current chain.

  We are working very hard to make sure installing Ogen and running validators will be
  as easy as possible, even for people with little technical knowledge.
  We are confident the learning curve will be a lot lower as on our current blockchain.

4. Lightweight Olympus wallet for Chrome (extension) + short guide :

https://chrome.google.com/webstore/detail/obol-olympus-wallet/hjhlelhnaphmlfadnaankgdlhdnpomgo?hl=en

PDF : https://drive.google.com/file/d/1B-mKvTb0QBm2OLElYl6_IeCz7SS04tld/view?usp=sharing

5. Official Olympus Blockexplorer :

http://explorer.oly.tech/home

6. To receive tPolis (testnet Polis coins) :

Please visit #olympus-request-coins

The Olympus Code Base is currently being audited by an external company.
After we receive the final report and fix the potential bugs we will prepare to
launch the official Olympus chain as soon as possible.

Polis Team 

[polispay]

  Hello Polis Community !  

We have created the first version of the Olympus calculator :

This tool should make some of the chain specifics for the future Olympus release
more clear to the community.

This calculator is still in **__BETA__** status, but we are fairly confident
the calculations are close to accurate                                                    

When Olympus is released this tool will use on-chain data for more up to date numbers.

https://polis.tools/calculator/

  Polis Team  

[polispay]

 -

[Bronepoezdec]

.

[AntonioMoratti]

Hello everyone.

My name is Antonio Mladin (or Antonio Moratti as some might know me) and I am a candidate for the Marketing Manager position within the POLIS DAO. You can find a short 12 pages PDF file below, summarising my candidate profile and a list of potential proposals for the first year in charge of the marketing department.

If you are not satisfied with the summary found in the PDF file and you feel that you need more details or have questions, don’t hesitate to address them here using the reply function, or easily address them on the POLIS Discord and Telegram groups. You will also find my direct contact information below. Good luck to all the candidates.

Thank you for your consideration.

Candidate Profile PDF: Dropbox
POLIS Discord: https://discord.gg/tPhZ97BGPJ

My Discord: Antonio Moratti#0696
My Telegram: @AntonioMoratti

[polispay]

  Hello Polis Community 

 We are glad to announce that the fork was carried out successfully at height 774911.

  What's new?

This update introduces a lot of fixes for sync issues (goodbye bootstraps!).
We added a new difficulty calculation algorithm.
Plus some new checkpoints and and other measures to ensure you end up on the right chain.

To update please head to https://github.com/polispay/polis/releases/tag/v1.7.0

If you have any sort of issue syncing to the current block, a resync from scratch will be able to get you to sync. All other sorts of syncing issues have been solved by the update.

How to sync from scratch
With your wallet stopped, delete the block, chainstate, llmq, and evodb folders and open your wallet again. You should start downloading every block.

Trouble finding peers
If you have trouble finding peers, make sure you are not staking until you are synced, or at least past block 774911, and add the following nodes to your polis.conf file. The list will be updated as more nodes are active.

addnode=167.172.143.204
addnode=206.189.79.85
addnode=167.172.45.36
addnode=167.71.246.3
addnode=178.128.16.154
addnode=68.183.201.109
addnode=143.110.145.33
addnode=95.111.237.31
addnode=161.97.112.31

  Polis Team   

[polispay]

Hello everyone 


We wanted to inform you about the DeFi Bridge :

the bridge has been enabled
the rewards from the last 14 days have bee paid to the people that provided liquidity in the pool !

Polis Team 

[polispay]

Hello everybody !

We have written a summary on the events that took place in january in an attempt to exploit the Polis Blockchain.
You can read about it here :

https://link.medium.com/T9SFTyJZwdb

Polis Team

[polispay]

Polis 2.0 — the new era

What’s next for Polis?

Polis must be a leader in innovation to become a widely used digital asset. The best way to achieve that is by focusing on building new technology that attracts customers in the Decentralized Finance (DeFi) space rather than maintaining an entire codebase just to run our own blockchain. This will allow the developers and management to focus on features, tools, and services that they can offer through other existing networks. The Polis Foundation has decided to migrate the chain to the Binance Smart Chain (BSC) so that the development team can focus on new products in the DeFi Ecosystem while continuing to provide value to our current community.

The Core Team at our partner Kindynos has focused its resources over the past year on delivering the Olympus blockchain. However, resource constraints caused delays that hindered delivery. During this time, the team monitored market conditions and current business strategies. Outsourcing the blockchain infrastructure to Binance enables the project to drastically shorten the time to market and maximize the return on investment at this early adoption phase of DeFi.

Blockchain: An Evolving Industry

New projects, services, and technologies appear every day with innovative ways of using blockchain. DeFi is a service that is experiencing exponential growth.

The concept refers to the ecosystem of financial applications built on blockchain as an alternative to traditional financial systems. This sector’s market cap grew from $500 million to $10 billion in 2020. Some use cases for DeFi are borrowing, lending, monetary services, decentralized marketplaces, lotteries and many more.

DeFi applications involve creating and using smart contracts. A smart contract is a computer protocol designed to digitally facilitate, verify and enforce a contract without a third party. It is faster and easier for everyone.

Binance Smart Chain: the new home for Polis

Binance was founded in 2017 by Changpeng Zhao, with the goal of becoming the world’s leading exchange. It was at the top three global exchanges, with a market capitalization of $1.3 billion in less than 5 months after its launch. Its user base grew from two million to 10 million users in six months. This rise was possible due to its infrastructure; the platform has the ability to handle 1.4 million orders per second. Binance released BSC as a competitor to Ethereum in September 2020 with significantly lower transaction fees.

BSC supports features such as Trezor and Ledger support, integration to light wallets such as Trust Wallet, Exodus, and many more.

Why migrate?

It is well known by the community that Olympus has been in development for close to 2 years at this point. So understanding the key factors that drove the team to put Olympus Development to a halt in favor of migrating to another chain is crucial.

Time to Market

When Olympus development started in late 2018 there were no competing chains to the goals and feature set of Olympus. Since then, millions of dollars have been invested by big industry players into blockchains that solve the issues Olympus had targeted.

Today, there are several projects that have already built ecosystems of products and services on other blockchains that far outmatch any sort of funding that could be provided by The Polis Foundation and the current governance.

At its current status, Olympus is a vanilla blockchain. This means consensus is implemented, it is able to run a safe and stable network that allows users to make transactions and have governance votings. Smart Contract execution would arrive Q4 of this year to the chain. By that point in time, the DeFi ecosystem on other chains will only improve and consolidate, making it harder for Olympus to attract a similar investment.

Decentralized Applications, Oracles, Decentralized Exchanges, Automated Market Makers are examples of products and services backed by companies that invest millions of dollars a year. It is smarter for the Polis Project to take advantage of these services rather than assume these ecosystems will be able to migrate into our chain.

Evolving Market Conditions

Olympus understood the importance of smart contracts far back when it was designed. So did the rest of the world. Decentralized Finance is taking the world by storm, and we are excited to bring Polis values and spirit into this world.

The DAO is convinced that evolving the project to keep up with demand and market conditions while keeping its core identity is key to ensure the long-term sustainability of the project and it is in the best interest of our stakeholders and long-term supporters.

Participating in this new chain with support for smart contracts will allow Polis to create innovative use cases and add new features to our token, bringing a level of usability and scalability that has never been seen before in our chain, and that will make our project more competitive and interesting for new investors.

One Door Closes, a Thousand More Open

By migrating into the Binance Smart Chain (BSC) there’s some head start benefits for the project, such as:

• Default Integration on popular hardware wallets: Trezor and Ledger support from day one.
• Default Support in Industry Leading Wallets such as Metamask and Argent Wallet.
• Adding support for new exchange listings is easier, faster, and cheaper for the project as exchanges start adding DeFi features and interest in BSC increases. Olympus exchange listing integration prices were up to tenfold and the process is slow.
• Will allow Polis Token to interact with quality services such as Pancakeswap, Burgerswap, and others that exist on the Binance Chain.
• Opens up our project to a whole new community.

From the technical team standpoint, there are also some current limitations that are improved by migrating into the new chain.

• The core developer team’s strengths are more aligned with the development of smart contracts, given the current know-how and developers that Grupo Kindynos is able to provide.
• By not having to maintain a network (this includes wallet updates, block explorers, full nodes), the developers can focus on building better services both on and off-chain that make use of Polis as a payment method and a utility coin at a speed we have not seen before.
• Creating new technology on BSC is cheaper, increasing the return on investment and value to our community on all the services and decentralized applications built from the governance funds.

Future of Olympus

The Olympus codebase will become a community project. It is and will always be Open Source. If a given set of market conditions allow for funding in the future, the project may be reinstated and become, but the DAO cannot prioritize its development at this point in time.

Polis 2.0

Building on BSC will allow Polis to become part of the extensive Binance ecosystem. This will expose the project to a new community of users.

The Polis project will focus on developing portfolio management strategies and other new products in the DeFi ecosystem built using Smart Contracts.

Polis native features such as staking and governance will still be migrated to similar mechanisms. Users will be able to submit and vote on proposals and the election of DAO members as stated in the DAO Manifesto.

A new block reward structure will be proposed by the DAO team, as masternodes and staking will no longer serve a functional purpose on the new chain. Staking will be maintained in order for our current community to migrate.

Index Funds

The first product developed by Kindynos that uses the Polis 2.0 will be a set of capitalization-weighted index funds.

Index funds will simplify asset management for investors in the same way that index funds do in the stock market: creating a single asset representing ownership in a diverse portfolio that tracks the market sector defined by the index.

How will Polis holders benefit from Index Funds?

Polis holders will receive a percentage of the earnings from the funds.

Yield Farming

Yield farming is the practice of staking or lending crypto or digital assets to generate returns or rewards in the form of additional cryptocurrency. In other words, yield farming protocols work in such a way that it incentivizes the liquidity providers to stake or lock up their digital assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders, or a governance token. These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns increases.

Yield farming is currently one of the most significant growth drivers in the DeFi space.

The Next Steps

Polis holders will have access to the above mentioned features and a variety of new features and services that will be developed in the future. A Point of Sale system and a gift card marketplace will generate additional revenue for Polis holders. The Polis Foundation will partner with other projects such as exchanges. PancakeSwap will be the first exchange available at launch.

Kindynos, The Polis Foundation development partner, has experience with DeFi projects. Kindynos has the expertise to transition the project smoothly into the Binance Smart Chain, with 70% of the codebase already written.

The swap is being coordinated with exchanges, not all of them will support the swap. So detailed instructions will be provided on how to migrate your coins. As always, the best place to guarantee a smooth migration is having your coins on a PolisCore Wallet.

The DAO is working on a business plan, branding plan, new communication and social media strategies. This is the beginning of a very bright future for the Polis project and its holders.

This article may contain certain forward-looking statements relating to the Polis that are based on the beliefs of the teams management as well as assumptions made by and information currently available to the DAO management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.

Ask Me Anything

There will be an AMA on Wednesday, March 3rd, 12:00 PM PST. Everyone can send questions before the AMA session. As usual, it’ll be streamed at YouTube. https://youtu.be/qllHo05Gxg4).

It has been exciting to see the participation from our community, that is why we want to provide a way for you to access the team directly and specifically, depending the department you wish to approach.

DAO Technology Manager.
Luis Correa — helios@polispay.org

DAO Marketing Manager.
Maria Sidorova — maria@polispay.org

DAO Adoption Manager.
Frank Servedio — frank@polispay.org

DAO Community Manager.
Marc Rapf — marc@polispay.org

DAO Business Manager.
Andreas Meyer — andreas@polispay.org

From everyone in our team we would like to sincerely thank you for your constant support.

If you have any questions, don’t hesitate to ask.

Let us remind you that you can follow us on the following Websites and Social Media Networks:

• Polis Core website: https://polispay.org/
• PolisPay website: https://polispay.com/
• Twitter Polis Core: https://twitter.com/PolisBlockchain
• Twitter (PolisPay): https://twitter.com/PolisPayApp
• Telegram (Polis): https://t.me/PolisPayOfficial
• Telegram (PolisPay): https://t.me/polispay2018
• Discord (Polis): https://discord.gg/5CuBnZB
• Discord (PolisPay): https://discord.gg/jCqYSRs
• Reddit (Polis): https://www.reddit.com/r/PolisBlockChain/
• Medium blog (Polis): https://medium.com/@PolisBlockchain
• Medium blog (PolisPay): Medium PolisPay
• Bitcointalk (Polis): https://bitcointalk.org/index.php?topic=2627897.0
• Instagram (PolisPay): https://www.instagram.com/polispay/
• Youtube channel (Polis): https://www.youtube.com/channel/UCX5e77jGNZCJhHk_m4Rskug

[polispay]

Polis 2.0, transition to Binance Smart Chain , DAO changes, marketing survey, AMA session and new giftcards for our PolisPay app!

Read everything about what happened last week in our weekly update:

https://polisblockchain.medium.com/polis-project-weekly-updates-02-24-to-03-02-4f400af38d29

[polispay]

Our new blog article sheds some light on funding the future of Polis and the new reward destribution.

Read about it here:

https://polisblockchain.medium.com/funding-the-future-a-look-into-the-new-polis-reward-distribution-6797a53ad735

[polispay]

Here's our blog article incl. video guides and tutorials about how you can migrate your Polis coins to the Binance Smart Chain.

https://polisblockchain.medium.com/migrating-your-coins-into-bsc-4e5eb0d19bc5

[cryptomaxsun]

What is the use of a token if there are no masternodes or staking? Previously, a new Olympus wallet was announced, now a token swap.
why did the plans change so dramatically?

[polispay]

What is the use of a token if there are no masternodes or staking? Previously, a new Olympus wallet was announced, now a token swap.
why did the plans change so dramatically?

We explained about that shift in several blog articles and here on the board. Read the linked post and our blog article there everything is explained in detail.

https://bitcointalk.org/index.php?topic=2627897.msg56477006#msg56477006

https://polisblockchain.medium.com/funding-the-future-a-look-into-the-new-polis-reward-distribution-6797a53ad735

If there's any thing else please let us know.

[cryptomaxsun]

What is the use of a token if there are no masternodes or staking? Previously, a new Olympus wallet was announced, now a token swap.
why did the plans change so dramatically?

We explained about that shift in several blog articles and here on the board. Read the linked post and our blog article there everything is explained in detail.

https://bitcointalk.org/index.php?topic=2627897.msg56477006#msg56477006

https://polisblockchain.medium.com/funding-the-future-a-look-into-the-new-polis-reward-distribution-6797a53ad735

If there's any thing else please let us know.

Many exchanges do not support BSC.
Since this is a token, you need to have a certain amount of bnb for operations with the token.
Which exchanges support BSC?
There is no information on the exchanges. until you buy and start withdrawing and it turns out that you cannot make a withdrawal.