First and foremost, we’d like to thank the EOS community for joining us in successfully deploying the first EOS token leasing platform. Together, we are pioneering a first of it’s kind dApp. Chintai will enhance the propagation of EOS based application development, while allowing individuals to profit from their unused network resources. Platforms like Chintai are at the heart of the decentralized movement — communities using peer-to-peer methods to facilitate mutual benefit and growth for all.

The first round of orders have come to close. All backend functionality has worked properly throughout the full trade lifecycle of each lease. The Chintai UI has been upgraded to enhance user experience and overall functionality. Fixes in the UI have been implemented to accurately reflect the current market and status of individual accounts. We’re also modifying the smart contract to enable users to delegate bandwidth to any account. Changes to the smart contract will be deployed in the next few days.

The Chintai market is starting to form. We’re excited to report that dApps are already using Chintai. On October 6th, a web-based mining application known as “Boid” was able to support their project by using the Chintai platform. If you would like to place an order, Chintai is live.

Initial Launch Issues & Solutions

Chintai officially launched on October 2nd, 2018. Token holders and community enthusiasts from around the world flooded the market moments after the official launch. During the initial frenzy we quickly noticed a few issues.

After a couple hours the order book did not sync to the UI correctly. This was strictly a frontend issue. The backend was completely intact and no orders were lost or processed incorrectly. Four hours after launch we decided to pause the exchange for maintenance to resolve the UI issue. We reopened the exchange October 3rd. Since resolving this initial issue, Chintai has been live.

Additionally, a very small number of people claimed to misinterpret the UI terminology, leading to a few unintended orders. In response, we adjusted the language in the order entry panel and added “tooltips” to help educate users about order actions. There is now an “i” on each “order type button” that defines their respective purpose. Hovering your mouse over the “i” will show users the defining properties of each order type. Additionally, we added a feature to alert users when selecting “borrow” in the order entry panel.