The second live recording of the Asch Council, the operation, application and capital troika
By: Asch Platform
Tags: Record, Second Term, Asch, Live

The purpose and content of this live broadcast

Hello everyone! Today’s live broadcast is on the one hand to make a summary of the previous work of the council, followed by the work plan and goals of the next stage of the council; the third is to make a vision of the future of ASCH; and finally the interactive question link.

Summary of the preparatory work of the Council: the work plan was successfully reached, and the overall stability is happy

1. Market value management

The first thing to say is that a goal was set during the last live broadcast, which is to raise the price of ASCH to 1 yuan before the end of June. The current price of ASCH currency has stabilized above 1 yuan, which is earlier than expected For 1 month. The achievement of this goal is not only the efforts of the board of directors, but also the active participation of community members, which has paid a lot and is the result of everyone’s efforts.

2. Market and operations

Super Nodes: Introduce 7 new nodes, including institutional nodes BV Capital, Coinworld and Xingyao, which are not mentioned here one by one. In addition, the lock-up addresses of Xingyao Capital and Vector Capital mentioned last time have also been announced.

Exchanges: XAS newly launched HCoin, and will continue to talk about more exchanges in the future. It is expected that a new exchange will be launched on Thursday.

Community operation: For community operation, from the first live broadcast to now, we have also done a lot of community expansion, including QQ group wake-up, WeChat group integration; in addition, also connected to some communities in the industry and foreign communities, these follow-up will continue Announced.

Propaganda channels: Already settled in mainstream platforms such as Coinworld and Golden Finance, some of Asch’s publicity will be released through these partners.

3. The content and goals of the Council’s work in the third quarter: community reorganization + application landing + capital continued promotion + community media + market value plan

The following focuses on the work plan and goals of the next stage. The time limit for the next stage is still 2 months, which is mainly divided into 5 aspects:

1. Community reorganization

The community is the foundation of our ASCH development, so the next focus is to improve the size and quality of the community as soon as possible. At present, there are thousands of active members in our community. This is a real active fan, and it is still being passed through various types. Propaganda, cooperation and drainage; next we have more activities for the community, including some new and promoting activities, which are released one after another. This needs to be done after the community APP is released. The goal is to at least reach an active community of 10,000 people. Of course, this process also requires the efforts of all of you here. The council will also launch corresponding activities to cooperate.

2. Application landing

The landing of the application is also a focus of the next stage. The specific release date is before June 20. The main function of this application is to aggregate community governance, XAS management (including the function of depositing and earning interest), other task releases, and community forum And other functions, the long-term plan of the council is to make a platform for realizing online knowledge and skills based on the ASCH chain smart contract. The circulating currency in this APP is mainly ASCH coins, and it will also pass the ASCH cross-chain system. Introduce cross-chain assets. Of course, at present, it is still very early, and iterative step by step.

After the release of this application, we will announce the initial pull-up activities, cooperate with the community to promote, and so on. It’s almost planned, everyone just wait.

3. Capital continues to advance

In the last stage, we introduced three investment institution nodes, namely vector, star, and BV. We all know it well. What can be said to everyone at present is that the council is following up several well-known capital parties. The popularity is relatively high and the amount of funds under management is also large enough. One capital party is approaching the end. The overall progress is relatively smooth. If cooperation is reached If so, it is estimated that about 30 to 40 million yuan will be invested in ASCH, just wait for it. The council will also complete the replacement of 21 super nodes as soon as possible. 21 super nodes will have various institutions, such as media institutions, investment institutions and other institutions, and will complete the institutionalization of 21 super nodes.

4. Community media

In addition to the two main media that have already settled in, more currency circle media platforms will also be stationed in succession; the council is also improving the various voice channels of the ASCH chain community, and the currency circle and traditional ones will settle in, forming a perfect media voice Matrix; the council will also contact some industry leaders, in fact, our community has many industry leaders, they are also a very important part of the community media.

5. Market value plan

With the advancement in the previous four aspects, let me now talk about the market value target for the next stage. We expect the price of XAS to reach and stabilize above 3 yuan within 2 months.

The Council’s long-term development plan and vision for Axichain: incubation platform and cross-chain outlook

I have talked about the work plan and goals. Let’s talk to you about Asch’s future. This is a directional thing for long-term development. Everyone has seen the ASCH Community Charter issued by our council this year, including some community fans who have also done some simple interpretations. After everything is normalized in Asch’s community operation, the community will focus on profitable business. You should note that the profit here is for the community, not the company. There is a qualitative difference. As soon as the community APP proposal system comes out, you can see that all the governance of the community is achieved through the ASCH chain smart contract to prevent evil.

For the development direction, the first is the incubation platform. The ASCHmain chain has been online for 4 years. Cross-chain, side-chain, parallel chain, and smart contracts are all mature, and the technology has accumulated a lot. The next point is to incubate some applications that can be profitable. One is that our ASCH community’s own public chain execution team will develop some applications; in addition, we will incubate some high-quality applications through community funds, which will be used to raise and circulate funds. For example, the ASCH community as a whole is An application incubation platform, XAS is the circulation medium of this platform. When the application is profitable, it will also be fed back to the price of ASCHthrough the repo. For specific community governance models, you can take a look at the articles of association, and there are still some areas for improvement in details. But the general idea is this.

After the community application development is mature, we will naturally introduce cross-chain assets. For example, a defi project planned by the public chain executive team recently, based on the ASCH parallel chain development Defi project, introduced other cross-chain assets. In order to solve this asset cross-chain enthusiasm problem, we will design some asset cross-chain mining models. These aspects will be actively tried.

Because the ASCH chain cross-chain system is basically available, as long as the application comes out, it can be profitable, and the introduction of cross-chain assets is a natural thing.

In the end, the closed loop of this ecology is on XAS. The profits generated by many applications in the community are not distributed to shareholders or taken away by the company, but are actually fed back to the price of XAS. This is the so-called LAO organization community mentioned in the charter. Our ASCH community can be profitable, but to participate, we must hold XAS.​​​​