Hello everyone, we’ve come with the July Development Updates. You can read about our previous development updates from here. Last month was really productive, we released a lot of products and made a lot of announcements, in case some of you guys have missed it, here’s the preview

We have onboarded a new partner, and this time it’s OpenDefi by Oro Pocket. OpenDefi bridging the gap between physical assets and DeFi. Using OpenDefi institutional investors can participate in the crypto and DeFi economy as it removes barriers of price slippage and offers high liquidity of physical assets.

This strategic partnership between Project Hydro and OpenDefi is all about supporting and using each others’ technology on its own platform. …

DeFi or Decentralized Finance has the potential to shift the structure of the whole financial system at a macroeconomic level and likely to have a significant impact on how banks operate in the future. The future of finance is Decentralized, so as Project Hydro and we are building game-changing DeFi applications which are going to emerge into the mass market.

Today, we are very happy to announce a new product which covers this DeFi Space. Launching HydroSwap which is one of our biggest and major products till date.

HydroSwap is not just a DEX (decentralized exchange), it is a full-featured…

As of now Hydro token is available on 2 blockchains- Ethereum and Binance Smart Chain (BSC). On Ethereum network it’s available as in ERC-20 format and on BSC network as in BEP-20 format. If anyone holds Hydro tokens on their personal wallet and wants to swap Hydro tokens between these chains then they have to use any supported exchanges. And have to go through some long process to do it.

That’s why we have developed Cross Chain Utility or you can simply call it Hydro Bridge or an Escrow system to swap Hydro tokens between these supported blockchains. So that…

Welcome everyone to the 2nd edition of the Bi-weekly Development Update. Before we start we would like to give our condolences to Ayushya, who recently lost his grandfather. These are really hard times and we should all stand united to fight this pandemic. Our Vice-president Carl has been unavailable for a couple of weeks as he had an eye surgery last week.. We wish him speedy recovery. On a happy note, our President Saurav recovered from Covid-19 last week and is now back to work.

It isn’t easy to work in these difficult times, especially when a couple of the…

Happy Tuesday Everyone! The pandemic has affected many Countries and activities around the world, and our team isn’t left out. Either someone in our team or someone in their family/relatives are sick, we’re hoping for their speedy recovery but blockchain never sleeps and the rest of us are working hard behind the scenes, developing products, dApps, and services. From today we’re starting Bi-weekly Development Update’s for our community.

As you guys know Project Hydro is an open source decentralized project. No single entity owns Hydro. Couple of months ago, we gave grants to 2 companies to build their products on…

Yay! We’re glad to announce the completion of Phase-1 and Phase-2 HYDRO token redistribution.

As per our recent announcement, we’re going to redistribute the new token in 3 phases. In Phase-1, we’ve redistributed new BEP20 Hydro tokens to all private wallet holders on their personal wallet. In Phase-2, we’ve redistributed new BEP20 Hydro tokens & ERC20 Hydro tokens to CoinEx, and they also have redistributed it to their users as well.

Redistribution details:

Phase-1 : To Private Wallet Holders

Phase-2 : To CoinEx- ERC20, BEP20

Regarding Phase-3 redistribution, we have already contacted every exchange on which Hydro’s trading to support…

Project Hydro held the Open Community Voting from 29th of Jan to 1st of Feb, so the community can vote for the reduced supply of the Hydro token. And the 111M option was chosen by the community as the new Total Supply.

The Project Hydro team has completed all the required developments of Smart Contract Redeployment. So we will contact exchanges to update it on their end, and will explain the token swapping process as well.

As you know that we’ve already announced that we are going to multi-chain, and Binance Smart Chain (BSC) will be the first one. Because…

There is nothing like “one chain to rule them all”, but a range of many blockchains co-exist with different specific use cases. Bitcoin and Ethereum run on single-chain networks but they would have to implement new technology or second layer solutions to function properly at scale. We cannot scale our project if we only stuck with Ethereum, and because of high Ethereum gas fees.

So it’s clear that going multi-chain could be one way to tackle the Ethereum high gas fee issue & a successful way for Project Hydro’s growth and adoption. …

Project Hydro is an open-source project driven by the community. And the Hydro community has always been a part of every major decision that evolves the Hydro ecosystem.

We interact with our community and listen to their ideas and suggestions carefully on a daily basis. There was always one thing that affected the community, “Hydro has a really big supply” this is what we heard from the beginning of Hydro Project, every rendition of the same sentence. We finally decided to take care of this issue for our community & investors. …

Project Hydro

Security & Identity on the Blockchain. https://projecthydro.org/

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