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Announcement of “User Loyalty System” (ULS) and “EPS” utilities in the second phase
Dear community, it is great news to share that in the past 100 days, Element's product and R&D teams have successively launched 5 new public chain markets:
1. zkSync
2. Bitcoin
3. Base
4. Linea
5. opBNB
The total new trading data based on those 5 chains in the last 100 days is increasing rapidly, which are 816K active wallets, and a total of 1 million trades (not including opBNB).
All 5 new chains will be added to the "User Loyalty System" and the "EPS" holders will get more rewards by doing so. So embracing L2 and the Bitcoin network will definitely be a huge benefit for ”EPS” holders.
However, since Element newly supports many different new public chain architectures, the R&D team will need more time to deal with the multi-chain loyalty calculation, which will cause a delay in the launch of the "User Loyalty System". At the same time, the explanation regarding to "EPS "(Element Pass Standard) of the second stage will also be delayed. We will tweet if there is a new update.
It was an important decision for us to support the L2 and the Bitcoin network first, we believe that NFT belongs to everyone and we will focus more on the new directions and multi-chain NFTs.
Element is becoming the most important infrastructure under the trend of coexistence of multi-chain market coexistence, providing high-performance, low friction, and good experience.
We will keep building and big thanks for your support!
Will try to keep 2023 simple. Spend more time on less things. Do's and Don'ts.
1. Education
2. Compliance
3. Product & Service
4. Ignore FUD, fake news, attacks, etc.
In the future, would appreciate if you can link to this post when I tweet "4". 🙏
Keep ur eye on the prize. Almost $200bn liquidity injected since the start of Nov as RRP balance falls and TGA balance hasn’t changed. Risk assets like $BTC and #crypto will continue to fly.
Hi, my name is @TaylorHolm23769, and I’m a $MEME (@Memecoin) farmerat @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾