Hope everyone is having a brilliant Christmas and an enormous thank you for helping to make 2017 such a great year for MyBit. As 2017 draws to a close, it’s worth reflecting on what an incredible year it’s been for cryptocurrency. Just a year ago mass adoption still seemed a long way off, but now people are no longer asking if this will happen, but when.

We’ve made a lot of progress during 2017. Here are our highlights from this year and our exciting plans for 2018.

Firstly, new hires. We’re happy to welcome two new members to the MyBit team. Natalia Tokar, heading up our business development, is a talented multilingual communicator, who has run several financial and investment projects in Russia, Germany, the UK, and the Middle East. You might have seen her speak at blockchain and FinTech events in 2017 in NYC, LA, Hong Kong, London or Stockholm. Natalia will be expanding our partnership network around the world.

She talks and writes about cross-cultural communication strategies, dances tango, and believes that healthy relationships with people are a core ingredient of any successful business.

You can connect with Natalia on LinkedIn. https://www.linkedin.com/in/nataliatokar/

We also have a new Head of Marketing joining us in the New Year. More on that later…

We’ve been expanding our partnership network and will be going even further in 2018. For those of you that missed it, Arabco Smart Technology is bringing their smart bench to the MyBit platform next year. Users will be able to crowdfund and invest in Steora smart benches across the world.

We’ve also partnered with Slock.it for their upcoming MVP release and we’re ready to test when they launch the universal sharing network app alpha.

Slock.it are developing the future infrastructure of the Sharing Economy, enabling anyone to rent, sell or share anything. With Slock.it, Airbnb apartments become fully automated, smart objects that can be rented on demand and unused vehicles get a new lease on life.

News on more partnerships will be announced in the New Year.

Moving on to the platform itself, we’re currently finishing up the UX for the alpha. Our two developers, Kyle and Connor have finalised the core smart contracts required for the platform. We are currently in the process of internally auditing the core smart contracts: asset creation, asset funding, revenue distribution, staking tokens and distribution of tokens. The development team are ahead of schedule and are continuously creating features that benefit our users even further.

One latest added feature is a marketplace, where users can sell their partial ownership of an asset for their own specified price to another individual. By doing this, it further builds a community orientated around MyBit, and is further enhancing a free market on the platform.

Additionally, to further mitigate the possibility of an attack on the network, we’ve added an additional layer before users are able to use the platform. This is known as our access layer. The access layer requires users to burn a set amount of tokens before they are allowed access to the platform, and the amount of tokens burned to access the platform depends on the USD price of the MyBit token at that moment in time. We plan to expand this layer further in the future to allow MyBit tokens to unlock premium platform features.

Once all of these new features have been rigorously tested in-house, we are going to do external audits to ensure that we have the best possible performance. We’re also going to do a bug bounty, rewarding individuals if they find any vulnerabilities during the alpha.

Moving into 2018, we’ll be adding more content to the website. That means more tutorials, more information on target industries and how-to videos for the upcoming alpha launch.

Congratulations to Dan Engler our newest Community Admin, Dan is available on Slack to help out new and existing community members.

We’ll be expanding our Brand Ambassador programme in the New Year. This will start with the appointment of a Lead Brand Ambassador, who will grow the community and oversee meet-ups globally. Each will specifically target one of our core industries.

In addition, our social networks have grown significantly throughout the year. Slack, Twitter and Facebook are still the best places to find out the latest on the MyBit project. You can get first access to the Alpha early next year by signing up on our website www.mybit.io

Thanks you again for being part of our journey.

www.mybit.io

https://www.facebook.com/MyBitDApp/

https://twitter.com/MyBit_DApp