Back-end

- Completed 20% of smart contract API optimizations



Product Development

· ONTO

- The online campaign on ONTO for the Bibox Russian community has attracted about 800 active participants



· ont.io

- Newly added members to team page and updated hiring page

dApp

- 62 total live Ontology dApps

- 5,326,273 total transactions, representing an increase of 14,568 transactions



Bounty Program

- The Bounty Program page is under development, will be upgraded soon

- The technical community has been invited to raise up new bounty ideas via https://bounty.ont.io/

- Added one new application for the Technical Documentation Translation and one for the SDKs



Community Growth

- The Ontology Chinese, Sri Lankan, Philippines, and Italian communities have gained 441 new members

- The newly opened Ontology Pakistan Community has gained 166 members

- Our Philippine community 1-year anniversary event is currently ongoing



Newly Released

- The Ontology Foundation released its latest Financial Report, which covers expenditures & assets under management from Dec 2019 to Mar 2020. By Mar 31, the total assets managed by the Foundation were valued at approximately US $258,251,842

- Ontology has officially joined the Chamber of Digital Commerce, the world’s leading trade association, along with leading global organizations including Accenture, Deloitte, IBM, Microsoft, Citi & Cisco to continue global blockchain advocacy and adoption

- OKEx Pool, one of Ontology’s consensus nodes, has launched an ONT staking service

- Binance has added a new token pegged to ONT on Binance Chain, providing a decentralized alternative for trading between ONT and BNB. ONT-33D is a BEP-2 token backed by ONT at a 1:1 ratio. It became available for trading on Binance DEX on April 21, 2020



Global Events

- Ontology has been invited to the 72-hour, non-stop, virtual crypto conference REIMAGINE 2020 by MouseBelt this May 4. Erick Pinos, Ontology’s Americas Ecosystem Lead, will be giving a keynote and a workshop at the event to contribute to blockchain education