Welcome to the latest development updates for ALTX Token and the Multi-Yield Deposit DApp of AltSwitch as of the first week of July! In this post, we’ll explore the exciting progress made on both milestones, including advancements in UniswapV3 integration, tax-free transactions, and the optimization of smart contracts.
Let’s dive in!
The AltSwitch team has been hard at work integrating UniswapV3 functionality into the ALTX Token ecosystem. Users will soon be able to seamlessly buy and sell ALTX tokens directly on the platform, leveraging the benefits of the popular decentralized exchange. What’s more, these transactions will be tax-free, ensuring a smooth and cost-effective trading experience for ALTX Token holders.
Additionally, a new transferFunction is being implemented to facilitate the rewards system from the rebate/cashback mechanism. This innovation aims to provide users with enhanced rewards and incentives, fostering a vibrant and engaged community around the ALTX Token.
Multi-Yield Deposit DApp:
Exciting progress has been made on the development of the Multi-Yield Deposit DApp. The AltSwitch team has introduced a new structure that optimizes the load of smart contracts, enabling efficient handling of various lock and reward pools. This enhancement ensures smooth and reliable interactions for users engaging with the DApp.
The lock contract, which secures deposited funds, is already operational, providing users with peace of mind when participating in the Multi-Yield Deposit system. Similarly, the reward pool is up and running, ready to distribute rewards based on users’ deposited assets.
Furthermore, users can now claim their “Yield 1” (ALTX tokens earning ALTX) rewards seamlessly through the DApp. This functionality has been successfully integrated into the front end, providing a working demo of the claiming process. This milestone demonstrates the AltSwitch team’s commitment to delivering a user-friendly experience.
While significant progress has been made, there are still some tasks remaining on the development roadmap. The team is currently focusing on implementing the logic for claiming “Yield 2” (ALTX tokens earning Other Tokens) rewards, which will further enhance the earning potential of users engaging with the Multi-Yield Deposit DApp.
With the integration of UniswapV3, tax-free transactions, and the optimization of smart contracts, users can look forward to a seamless and rewarding experience.
Stay tuned for more updates as we continue to make progress on these innovative milestones.