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Protocol Updates & Next Steps

We launched the Crashr Protocol with a vision to create a decentralized, community-driven protocol. With $CRASH successfully deployed on…

Crashr · 2024-08-16 05:17 · 0 claps · 2.3 min read
#cardano #cardano-news-today #cardano-staking #cardano-nft #cardano-price-prediction
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Wiki topics: CRY · Crypto & Web3 🎮 · Gaming

Protocol Updates & Next Steps

We launched the Crashr Protocol with a vision to create a decentralized, community-driven protocol. With $CRASH successfully deployed on the Cardano blockchain on August 8th, we persevered through challenging market conditions. Now it’s time to share the next steps and updates about our protocol and what to expect.

Immediate Focus 🔷

As discussed in spaces and with the community, user experience is key. We will be focusing on enhancing the search functionality to ensure speed and efficiency so you can find the right asset quickly. Following that, we will implement a token verification system where your favorite tokens will appear first and verified rather than seeing multiple derivatives of those tokens. We received a lot of feedback from the community about these two items, which has been extremely valuable to us, and is why we are doubling down to ensure we are listening to all and prioritizing what is most important for everyone. This system will allow us to verify new tokens internally.

What’s Next? ⏩

After stabilizing and improving the protocol, we will introduce marketplace aggregation. This will allow us to integrate price feed indexing and match asset floor prices with aggregated market data, making trading even easier, regardless of where your assets are listed.

Afterward, we reach the APIs/SDKs, a crucial component to growing Crashr’s visibility and also making mass adoption possible while generating protocol revenue for the community treasury. With this, developers/projects who need essential data quickly and efficiently have this option. Projects can integrate our trade dialogue within their own ecosystem without creating their own peer-to-peer system. This is where we enhance peer to peer economies to the fullest.

Trading for users and projects will be leveled up — regardless of where your assets are listed- within your favorite project ecosystem via our SDK.

Crashr will become the one-stop shop for trading all assets, allowing users to trade anything for anything with no limits.

Everything in the roadmap is precisely placed to build a foundation for users to trade seamlessly and onboard new users unfamiliar with the Cardano ecosystem, with no friction.

Let’s take a step back 🔙

Looking back at our roadmap, we have accomplished a wide variety of items: Beta release, $CRASH token deployment, and updates to the protocol. We are currently in the process of smart contract auditing via Sundae Labs.

After implementing all of the updates mentioned above and what is coming next, we will have achieved 46% completion of the roadmap. The remaining 54% is where the real fun begins. As a reminder, our biggest long-term goals to execute are tokenizing Steam assets (web 2), expanding to EVM, capturing a larger market share for Cardano, and finally, enabling Real-World Asset (RWA) trading and facilitation.

These goals are being brainstormed and perfected as we progress with our roadmap. Remember, we have only been on the mainnet for one month. Imagine the endless possibilities we can accomplish in the coming months.

Lastly, we will release an update on the DAO proposal system, and staking mechanics the moment it is finalized on the technical level.

If you are going to Rare Evo, we will be there and would love to meet all of our community members during the event so feel free to open up a ticket in our discord if you will be attending!


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