5th Qubic Steering Committee Bi-Weekly Update
Written by
The Qubic Team
Aug 19, 2024
We’re excited to bring you the latest bi-weekly update from the Qubic Steering Committee (SteCo). This update provides insights into key developments across our departments, recent progress, and exciting plans on the horizon. From marketing initiatives and partnerships to community engagement and our ambitious Project X, we are working diligently to ensure the continued success of the Qubic ecosystem. Let’s dive into the details.
Departmental Updates
Marketing
Our marketing team has been actively expanding its capabilities. Here's what we've been up to:
Onboarding New Technical Writer: We are excited to welcome a new technical writer, @Crypt0Proselyte, to the team. This addition will help enhance our technical content and documentation, making it easier for both users and developers to navigate the Qubic ecosystem.
Video Content: Video production has started as part of our broader content strategy, aimed at delivering engaging and informative visual content to our community.
Documentation: Work on user and developer documentation continues to progress. These resources will provide clear and comprehensive guidance to support our community as they engage with Qubic’s technology.
Hashwallet Cards: Production of Qubic-branded Hashwallet cold-storage cards has officially begun. These cards will provide secure storage solutions for our community members. An AMA will be held next week to discuss this development in more detail.
Hackathons and Events:
Bishkek Hackathon: Our hackathon in Bishkek has received tremendous interest, with over 35 teams already applying to participate.
Upcoming Hackathons: We’re also exploring the possibility of hosting a hybrid hackathon in Barcelona, which would combine both online and in-person participation. We’re working with universities in Latin America to support this initiative.
Events: Our event calendar is packed with exciting opportunities. We’re preparing for major conferences in El Salvador and Mexico, as well as Seoul KBW and Singapore Token 2049. We’re also planning for the Merge event in Madrid this October. Unfortunately, our event in Argentina has been postponed until the end of the year. Additionally, we are considering an event in Romania in November.
Grants
Our Grants Program continues to gain traction, with new applications and significant milestones achieved.
New Landing Page: We’ve launched a newly designed landing page for the Grants Program, which can be viewed at qubic.org/grants. This new landing page was designed by @Oreo, is more user-friendly and provides clearer information for potential grant applicants.
First Grant Awarded: We are thrilled to announce that the first grant has been awarded to the “QEarn” project.
Developer Support: As we continue to grow, we're focusing on enhancing our development capabilities. To ensure smooth progress, our core developers are actively collaborating with grant development teams, assisting with smart contract development while the teams concentrate on other key project areas. This collaborative effort is helping us maintain momentum as we expand our talent pool.
Outreach Efforts: We’ve also reached out to C++ developers from Silicon Valley and established companies with strong track records, encouraging them to apply for our grants.
Technology
The technology team has made significant strides across multiple fronts. Here are the key highlights:
Android Wallet Launch: After much anticipation, we are proud to announce that the Qubic Wallet for Android has officially launched! Version 1.1.1 is now live, incorporating the latest features to enhance user experience and security.
New Smart Contracts: We’ve developed two new smart contracts—General Quorum Proposal and Supply Watcher. These contracts will play a crucial role in the governance and management of the Qubic ecosystem moving forward.
Hiring Core Developers: To strengthen our development team, we are actively seeking top-tier talent. Several potential candidates for core development positions have been identified, and we’re optimistic about bringing more skilled professionals on board soon.
Operations & Finance
The Operations and Finance teams recently took part in a strategic planning session in Zurich. Here are the key takeaways:
Zurich Visit: Members of the SteCo and Partnerships teams spent two days together in Zurich, where we sharpened our focus on three core objectives for 2024:
Developing a vibrant ecosystem for holders, builders, developers, partners, and miners.
Advancing AI research and development.
Ensuring Qubic’s financial health and long-term success.
Strategic Initiatives: During the session, we identified several key bets and initiatives that will help us achieve these objectives. We also took time to provide each other with feedback on areas for improvement.
Community Engagement: We were fortunate to meet with several community members during our time in Zurich, which provided valuable insights into the community’s needs and expectations.
What's next? Presenting our bets, initiatives in detail to you.
Community
Our community remains at the heart of Qubic, and we’re committed to enhancing engagement and support.
New Proposal Channel: We’ve introduced a new “computor-proposals” channel in our Discord server. This dedicated space allows community members to discuss current and upcoming proposals.
Deputy Search: We’re excited to announce that Eric, our Ecosystem Lead for Asia, will be joining the SteCo as the Deputy for Community Management. His experience and leadership will be invaluable as we continue to expand our community engagement efforts.
Investor Initiatives: We’re developing an investor newsletter and roundtable discussions aimed at onboarding new investors and keeping our current ones satisfied. This initiative will require detailed metrics from all departments, covering areas such as social media engagement, trading volume, market capitalization, and industry comparisons.
Onboarding and Bot Automation: The Mee6 bot for onboarding is currently being tested, along with other bot automation features designed to streamline community management.
Listings & Partnerships
We’ve made significant progress in our discussions with key partners and market makers:
Market Maker Discussions: We recently held a call with one of the top three market makers in the industry. Their feedback, like others in the field, highlighted the current challenges in the market, particularly the lack of retail engagement and the focus on BTC and ETH.
Service Offerings: While market makers are focused on providing liquidity without engaging in directional trading, we are exploring various strategies to navigate these challenges. Another call is scheduled for next week to continue these discussions.
Partnership Opportunities: Additional discussions with potential partners are ongoing as we seek to strengthen our ecosystem and drive growth.
Project X
Project X continues to be a major focus for Qubic, and we’ve made significant progress in several key areas:
Emission Schedule and Max Cap: We’ve published a blog post detailing our emission schedule, the role of the Supply Watcher, and the upcoming max supply cap of 200 trillion QUBIC. The proposal has been accepted, and we are moving ahead with implementation.
CCF Funding: The blog post on CCF funding has been published, and a proposal is currently in the planning stage. This funding mechanism is crucial for supporting ecosystem development and growth initiatives.
Core Extension: A blog post detailing the core protocol extension is in the works. The proposal has already been accepted, marking a major milestone for the technical foundation of Project X.
Supply Watcher Updates: The community should note that the Supply Watcher mimics smart contract burns. Once these burns are realized, no further supply cuts will be necessary. We anticipate reaching the 200 trillion max supply cap ahead of schedule with one of our upcoming updates.
AMA
We encourage you to join our upcoming AMA sessions, where we’ll be answering your questions and providing further updates.
Until Next Time
As always, we are committed to driving the growth and success of Qubic. We look forward to sharing more exciting developments with you in our next bi-weekly update on September 2. Stay tuned.
Join the discussion in our Discord and Telegram, and stay up to date with all the latest developments by following us on:
What is SteCo?
SteCo is the governance body of Qubic, elected by the “quorum” to ensure network security and streamline activities that drive Qubic’s growth. Our mission is to pioneer advancements in the blockchain and AI domains. We look forward to sharing more exciting developments with you.
Past Updates
4th Qubic Steering Committee Bi-Weekly Update
3rd Qubic Steering Committee Bi-Weekly Update
2nd Qubic Steering Committee Bi-Weekly Update
1st Qubic Steering Committee Bi-Weekly Update
