What’s happened since the last update?

It’s been a great month. We kicked a few goals with the first release of the CanYaDAO, a partnership with BEPSwap, and Binance Chain wallet integration for CanWork.

CanYaDAO goes live for staking

This is a massive step for the community. After months of analysis and improvements to the Binance Chain infrastructure — by the CanYa development team — we proudly released the first iteration of the CanYaDAO.

(It’s the first DAO ever built and released on Binance Chain!)

Staking and Earning

The CanYaDAO will allow token holders to stake (and earn) $CAN and be part of the governing body for the CanYa ecosystem. This first iteration of the CanYaDAO is now live with basic staking functionality. Voting and proposal mechanisms are expected by early 2020.

Right now, active members can stake and earn 1% per month on staked balances. Check out the release blog for full details.

CanYaCoin joins BEPSwap as a Launch Partner

CanYa joined BEPSwap as a launch partner, which will provide liquidity for $CAN, further staking opportunities for token holders and benefits for CanWork.

What’s BEPSwap?

BEPSwap is Thorchain’s first release and will allow any BNB or BEP2 holder to swap BEP2 tokens at market prices — instantly from their wallet — by sending tokens into continuously liquidity pools.

What does it mean?

We’re so excited by BEPSwap and what it means for CanYa & CanWork that we wrote a whole article about it here:

Briefly, BEPSwap means:

On-ramps, more payment types & in-app widget

We plan to integrate BEPSwap into CanWork to allow Binance Chain projects & token holders to book a CanWork freelancer without having to hold the $CAN token.

We plan to integrate BEPSwap into CanWork to allow Binance Chain projects & token holders to book a CanWork freelancer without having to hold the $CAN token. Future Off-ramps, stablecoins

The future CanWork integration will be more appealing for freelancers by providing access to Binance Chain’s forthcoming, USD-pegged stablecoin.

The future CanWork integration will be more appealing for freelancers by providing access to Binance Chain’s forthcoming, USD-pegged stablecoin. Liquidity

BEPSwap will provide deep liquidity for the $CAN token and reduce its volatility.

BEPSwap will provide deep liquidity for the $CAN token and reduce its volatility. Staking

$CAN token holders have another option to securely stake their tokens directly from their wallets to help provide

BEPSwap is still not live yet but you can learn more here: https://bepswap.com/

Binance Chain payments for CanWork

Development is well underway on the new payment system for CanWork. The existing Ethereum-based payment system will be replaced by a new Binance Chain system.

So far we have:

Finished the hedged escrow. This will connect to the payment system and the job management process.

Integrated wallet connections via WalletConnect, Keystore and Mnemonic Phrase. Currently in testing in our staging environment.

Built the Asset View page that will appear after BNB wallet unlocking.

The Asset View panel in CanWork

In case you missed it

Building on Binance

CanYa co-founder, Kyle Hornberg, recently published an article about our development on the new Binance Chain, the growing ecosystem, technology and the Binance brand. Read it here:

CanWork Video Update

CanYa community manager, Johan, talked about CanWork improvements, the new ‘verified’ freelancer initiative and briefly what the Binance migration will mean for users. See the video on Youtube here:

What’s coming up?

BEP Payments for CanWork

Next month the team will be shifting priority focus on integrating Binance Chain payments into CanWork. This first iteration will allow BEP2 $CAN to be used on with the Hedged Escrow. The next step will be to allow all BEP2 tokens to be used on CanWork — both into and out of the hedged escrow. This means clients will be able to pay in a large (and ever-increasing) range of cryptocurrencies while our providers will be able to choose a currency of their choice as payment. We are excited about the possibilities that these on and off-ramps will provide for the CanWork user experience.

We aim to complete:

Ledger integration. This is the last of the wallet connection methods to integrate.

Wallet View improvements

In-browser transaction to the BEP Escrow service

Connect the Scheduler to CANWork jobs

Unlocking BNB Wallet on CanWork

We will also roll out more communication to users and develop guides regarding the changes. The full payment system replacement will likely happen within 2 months.

Business Development

The CanYa team are reaching out to all of the other projects on Binance Chain for business development opportunities. Once BEP2 payments go live it will be a seamless experience for any Binance Chain project to book our digital freelancers for work and pay them with their project token. We believe there are many opportunities within the ever-expanding Binance Chain community to increase adoption for the CanWork platform. Please get in touch if you’re interested.

CanYaDAO tweaks

We will continue to work with early stakers in the CanYaDAO and tweak where necessary based on feedback. For our first members — who staked before October 4 — there will be a reward due in early November.

Video with JP

We’ve received positive feedback on our recent video updates and some community members have requested that we put JP Thorbjornsen in front of the camera. So, in the next month, we aim to do just that.

Feel free to send questions to the CanYa Community Telegram Channel

You can also reach us anywhere below: