I've been asked to provide a status update for the community.
As ever, nothing that I, or the dev for Bitstar, announce is intended to encourage or dissuade anybody to invest in this coin. This post is purely to provide information relevant to the projects underway in order that you may be better informed.
There is a new BITS wallet being finalised with an all-new look, which will also incorporate the SuperNET GUI functionality.
The excessive transactions created by the staking process for this coin is also being addressed and a modification to the code is currently being tested to ensure it both ameliorates the problematic elements of the staking, while also maintaining the fast block time this coin network operates with.
The multipool is being relocated to a third-party multipool provider where BITS will be added as a payout option. This is in order to outsource the work required to maintain and run a coin multipool.
There is still work to be done with the p2p trading platform to further improve and enhance the user experience ahead of planned future developments to be announced at a later date.
The ATM rollout in Cyprus is being pushed back into Q2 until the SuperNET GUI is further developed. We intend to utilise it and the SuperNET functionality for our customer base integrated services and, as such, need to ensure it is fully operational and delivers the degree of intuitive user experience required to promote to those unfamiliar with cryptocurrency.
In the meantime, however, the work being done in the SuperNET Slack community is leading to some incredible innovations and features being added to the platform which will ultimately translate into positive developments for this and the other sNET coins.
As I mentioned previously, I would suggest anybody wishing to keep up with developments pertaining to this coin to join the 'sprnt' Slack channel to monitor the ongoing project discussions throughout that community.Myself and Bitstar dev have been working within the CPMT (Centralised Product Management Team) for several months, seven days a week. An enormous amout of progress had been made in creating, developing and releasing numerous SuperNET elements and there are still some absolutely game-changing services being rolled out.
You will see from this thread in the NXT forum how the CPMT was formed and how it is structured. This will also serve to show you just how deeply involved with the SuperNET project myself and Bitstar dev are.
https://nxtforum.org/unity/supernetx2-and-the-centralized-product-management-team-(cpmt)/That Bittrex maintain an unreasonable demand for daily volume of trades, frequently resulting in this coin receiving the usual warning about potentially being delisted, does not serve to prove anything about the quality of the coin projects on that market, only that Bittrex have in place a robust method for artificially forcing trading volumes in order to maximise their fee-based income. Don't forget that BITS also has a market on Poloniex and can actually be traded already for NXT over on the Asset Exchange, listed as ‘superBITS’.
With that in mind, however, one incredibly exciting aspect of the developments over at SuperNET is the real-time decentralised trading platform currently in beta. This will allow for all hosted coins to be traded against each other, without the risks associated with holding your trading funds on a third-party centralised exchange. This 'iDEX' service, coupled with another SuperNET innovation, 'SkyNET' an artificial-intelligence trading project, will see a large amount of liquidity and active trading brought to bear across the entire range of SuperNET currencies.
All this and so much more is showing the SuperNET platform to be an inredibly exciting environment to both work in and use. But none of it can happen without hard work and time.
Think of Bitstar as having managed to secure prime real-estate within the 'Silicon-Valley' of cryptocurrency landscapes. It's all about, "Location Location Location". The building work is progressing at great pace within a dynamically evolving environment.
Connect with SuperNET, sign up for the newsletters, keep yourself informed about the big picture. Then you will be better positioned to understand where BITS is headed.
