Business Development:

Launched public chains for both Stifin (www.Stifin.com) and Vexanium (www.vexanium.com).

Launched the Rongbo Token smart contract. Rongbo Token leverages blockchain technology to record the consumption behavior of registered members, thereby protecting consumer privacy and allowing end-users to control and monetize their own data. (http://www.dypos.cn)

Tokenized Calorie chain, the world’s first blockchain project to record fitness data, nutritional data, and food consumption information.

The Achain cross-chain design summary has been completed, and the detailed design specifications for each module are currently being optimized.

The node voting plan (sub-agent network) is in the final phase of testing prior to rollout. The system is currently undergoing pressure and exchange data compatibility testing.

To improve underlying blockchain efficiencies ahead of the node voting plan, Achain developers have optimized: the Achain underlying chain node connection scheme; the Achain browser sweep logic; the multi-asset issuance strategy; and the transfer check logic.

Community Development:

Achain founder Tony Cui has been appointed as one of four directors charged with the oversight of the development of Huobi Public Chain.

Achain founder Tony Cui attended the Huobi Public Chain Leadership Award Ceremony to highlight the disruptive role ALabs seeks to play in the blockchain platform service sector.

The Achain India community presented ALabs and Achain in an interactive session with the cryptocurrency and blockchain community. The meeting was hosted by Alluma Exchange at Innov8 Coworking, Gurgaon, India.

The Achain US community attended Vena Network’s United States meetup, hosted by Vena Network and Newdo Venture, for a productive discussion about blockchain and cryptocurrency.

On September 1, 2018, the Achain India community attended the “Blockchain and Crypto Day” meetup in Gurgaon, India, hosted by 91springboard. The crowd of 50+ developers, tech management students & blockchain enthusiasts discussed Achain solutions and blockchain.

The Achain US team attended BlockWorld 2018 at the San Jose Convention Center in Silicon Valley. The team shared our mission with blockchain enthusiasts in a broad discussion of blockchain projects and emerging blockchain technologies.

Achain and finlocale.io reached an agreement of strategic cooperation. The ACT token can be accepted as their ICO payment method.

The Achain India community presented ALabs and Achain to crypto lovers, blockchain enthusiasts, YouTubers, bloggers and members of the media community. The meeting was hosted by Alluma Exchange [https://www.alluma.io/] at Innov8 Coworking, Mumbai, India.

Monthly Expenditures (Calculated in ACT, closing date of Sep 30, 2018)：

Community Operations：2,117,464ACT

Brand Building：2,419,282ACT

Exchange：2,131,761ACT

Team Cost：3,564,345ACT

Total expenditure：10,232,852ACT*

* Total expenditures were paid in RMB; the 10 million ACT does not represent a sale of coins.