This is the first of a series of regular posts about Auctus’ development.

Since we are following SCRUM methodology, regular meetings are in our schedule, so as soon as we can get enough information from it, I’ll consolidate it as a development update. We are highly interested in having all the community participating with us, so if you have any suggestion, don’t forget to share it on our suggestion thread on Reddit.

We had a meeting last Sunday (Aug 27th) to discuss important aspects of our Demo development and next steps for the project.

Demo Development

If we just release an alpha version, it would be difficult to have an idea of how the platform works, because the community would need to wait for a long time to be able to make contributions and see the evolution in their pension assets. Therefore, we decided to build a demo version with simulation features that won’t exist in the real platform. Those features include simulation of time passing, so the pension fund participants can simulate payments and see their employer contribution match, vesting over time, withdraw, fees and investment returns.

At the meeting, we drew the process and wrote requirement specifications, so the Dev team can now work at full speed. The demo will use the Ethereum testnet with a friendly user interface on top of it and will show how the pension fund managers can dynamically generate and deploy the smart contracts seamlessly and check on Etherscan the transactions behind the use of the platform.