The Bitlocus team's working pace is just getting faster, and we’re happy to share our progress since the last update. We will briefly cover key highlights regarding the development of our products and touch upon new plans.
New token utility for BTL token holders
We have just introduced a new update for B2B clients! Business partners who hold a certain amount of BTL will be eligible for better pricing on our products and services, such as the white-label exchange solution, merchant API, cryptocurrency payments gateway, and others.
What the team is working on:
A new investment option is on the way! The Bitlocus team is developing a farming product that will be available already at the end of this month. Users will initially be able to farm a BTL token, with more options added at a later time. In order to be fully prepared for the farming product launch, we decided to leave a smaller amount of our owned liquidity on PancakeSwap. This will enable and empower our community to contribute and actually own the liquidity market.
- Ethereum merge
For those who didn’t hear, Ethereum merge is a network upgrade that will change Ether’s current consensus mechanism from “proof-of-work” to “proof-of-stake”
To ensure the safety of our clients' funds and the smooth transition of our systems, the Bitlocus team will take precautionary measures. During the Merge, we will temporarily suspend all Ethereum and ERC20 token deposits and withdrawals. Bridged assets are not impacted. We anticipate starting transactions immediately after the Merge.
At this time, we have no plans to support, airdrop, or list assets related to the PoW fork. However, we remain open to changing our stance if the forked chain proves useful to our community and clients in the future.
- New partnerships
As our business products and services gain traction, we are happy to share that Bitlocus will be closing important deals very soon. More information will be announced, stay tuned.
Our marketing team is always on the lookout for new ways to market Bitlocus. Currently, we are looking for new influencers to make deals with (if you are one of them, fill out this form and we will contact you) and exploring different social media channels (like Reddit) that could increase the brand awareness of Bitlocus. Oh, and finally… new design tweaks are on the way! The visual style of Bitlocus social media channels will change a little bit, keep your eyes peeled for this update!
Having in mind the bearish market situation, at this point we no longer see any substantial value for our retail clients in rolling out the crypto card product as intended. We tweaked and adjusted the product, and we’re ready to offer the crypto cards as a customizable solution for our business clients, tailor made according to their particular needs.
What's coming next?
The Bitlocus team puts a lot of energy into creating & developing B2B products and we are happy to announce that our business partners who hold BTL tokens can expect an additional utility soon. Besides that, we will add new protocols and assets to the DeFi platform in the near future. Last, but not least, we will have some relevant updates soon, so follow Bitlocus announcements!