Cellframe CEO AMA Transcript 8 December

Hi everyone! I'm Dmitry Gerasimov, CEO of DemLabs. Today we will discuss the main company news from the past three weeks, and answer your questions.

Today we will talk about:

• The upcoming release of Cellframe Wallet, our new software
• The news from the KelVPN team
• Our new DevNet, its purpose and development progress
• The mainnet roadmap (something you’ve awaited for a long time!)

And we will start with the news about the long-awaited LP staking program! Yes, we have finally launched it.

‌LP Staking

‌We are happy to announce that our BSC-CELL and ERC20-CELL LP-pair staking program has been launched!

Today, you can stake $CELL LP tokens on the BSC and ETH networks. This includes both those placed on the new smart contract and those on the old one.

To stake your LP pairs and get liquidity rewards and bonuses from our team, follow the instructions that we will attach to this video.

‌We also remind you that it is not necessary to dissolve old LP pairs: the older the pair, the more bonuses you will receive! You can read more about this in our tokenomics. We will add links to tokenomics info in the description of the stream.

We advise you to hurry up: the earlier you stake CELL LP pairs in the BSC and ETH networks, the higher your APY.

This is because you have less competition at the start, and there are also additional bonuses built into the distribution of rewards for early stakers.

‌Mainnet Roadmap

‌Today we're also happy to present our updated Roadmap for mainnet development from now until the end of February, 2023.

This Roadmap is a step-by-step work plan. Of course, it will be adjusted and updated during the development process, but we will do our best to follow it.

From now on, during each AMA stream, we will show the Roadmap to visually demonstrate the progress of development. Viewers of our streams will be the first to know about our progress.

Important thing: it’s not a final date, it’s not the hard release date. We will know the final date near the end of this roadmap. Right now it’s just a roadmap, our plans. As I said before it will be adjusted and updated during the development process. But we will try to follow it. Anyway, it shows how far we are from the end point and how much we have to do. And as you can see, most things are related to security. So now we are on the final lap with this, and this roadmap shows it. On every AMA stream we will show you how we follow our plans, how we have adjusted, and so on.

‌New Devnet

‌Another important task for today is our DevNet. ‌This is a hard fork of the Subzero network, which will become our new public development network — a permanent network for debugging the functions of the future mainnet.

‌Today DevNet has already added a stable node synchronization mechanism, improved node submodules, and fixed a number of bugs. So the network is almost ready to launch.

‌After debugging DevNet, we will be able to test new functions in it, in particular, the open addition of new master nodes in the network.

After all the tests, a new network based on it will be launched, the release of our mainnet candidate, which is planned to be after the New Year, around January.

The current DevNet will test a future meinnet and after we will add most of its functions it will become a release candidate. This release candidate will pass from QA to the development team and back, and this balancing will continue until the end of our roadmap. And when it will be ended the release candidate will be forked and become a meinnet. And we will open it for masternodes, and it will be a fully functional meinnet.

Cellframe Wallet

‌Now let's move on to the next interesting topic — the upcoming release of the MVP of our new Cellframe Wallet product.

Cellframe Wallet is a wallet application with a simple UX that allows you to manage your funds across networks. This product is intended primarily for those who find the functionality of the classic Dashboard too complicated. This is the so-called Dashboard Lite.

We want to bring Dashboard closer to enthusiastic people, to geeks, to developers. It will be a single platform for controlling a set of nodes. So the Cellframe Wallet will be the base for the mobile application and for regular users.

In the near future we will present a version of Wallet for desktops; a mobile version for Android and iOS will be available a little later.

It will support dApps, and t-dApps including the DEX will be available in Cellframe Wallet.

‌Web3 API

‌Over the past three weeks, here are the functions we have added for working with certificates:

- a function for creating public certificates (CreateOrder),

- a function for filtering certificates (CreateOrder)

This makes it possible to create orders for different node services, and to filter them.

‌KelVPN

‌Of course, we should mention the hard work of KelVPN team. The whole team is working on improving and optimizing the application.

Here's what they report:

• Fixed bugs: now the interface is displayed correctly, and transitions from page to page happen without errors 
• Improved the user experience of the application overall. One example is that the buttons in the dialog boxes have been enlarged. 

By the way, they recently relaunched KelVPN social channels. Now you can get the latest news about KelVPN on Telegram, Twitter and, in more details, on Medium (you will find links to them in the description).

They are also preparing some updates for Kel testnets. Stay tuned for more updates from the KelVPN team! !

‌The Bridge

‌We would also like to note the important improvements in the work of the bridge:

• The bridge now has the ability to send new BEP20 tokens to the native network.
• Also we have been actively working to improve the user experience when working with the bridge website and have prepared a new widget for release. With it, you can track the progress of your transaction step by step.
• And we fixed bugs that caused the transaction bridge to hang, and it became much more stable and reliable. And all hung transactions are carried out.

‌Newcomer’s Day

Last week we held a traditional Newcomer’s Day, this is already the third time. This is a special day dedicated to getting to know new team members. Most of them work in the office, but there are also those who come to the office from other cities to get acquainted and join the team on-site during important periods of development. Most of the time these team members work remotely.

This holiday is very important for us, because the team is our main resource.

This time among the newcomers were developers, testers, and new members of the marketing team. The newcomers told us more about themselves and their impressions of working at the company, as each of them had already worked for at least a month.

After talking and eating tasty food we even held a short music session with a DJ equipment, which has now been installed in our office. I got behind the DJ station and personally mixed the tracks! Now I’m a DJ.)

Questions

Now let's move on to questions from our community:

• Blocking changes to Web 3.0 makes it more secure, but it also destroys the future of this technology. Does Cellframe have the ability to make changes to Web 3.0?
• Yes, we can do changes and, by the way, blocking changes to Web 3.0 is not about security. It’s more about compatibility. We also care about compatibility so all our protocols include versioning. So all our software will work fine with our old Web3 API even if we have updated the current one. So we always care about backward compatibility. Don’t worry about this.

• What will be the data storage mesh to incorporate the massive storage needed for t-dApps to run efficiently and store data in the secure way?
• Cellframe infrastructure is different, I suggest you look at it. Cellframe mesh organization algorithms don’t care about mesh at all. Just investigate our network services API and how to build services on this base. How it works in VPN services, in DEX, in key delegation. So just look how our current services are working and just develop your own service. Don’t worry about the mesh. 

• Are there any Oracle capabilities built in? 
• We have not finished smart contracts, so we don’t need Oracles. Because truly dedicated services don’t work in a limited environment. They are working like node extensions, node plugins. And they don’t need Oracles. However, when we finish work on smart contracts, Oracle capabilities based on our SDK may be built in. I believe that it will be useful outside of our ecosystem. 

• Even if the mainnet is not complete, is it possible to (test) build on Cellframe SDK?
• It’s not complete, but it’s working in a beta-version. So you can transfer your token in the current version of meinnet. You can transfer tokens between wallets, you can try to exchange them through all decentralized exchange services, you can try to build your own service and even run it. You can try to bring up your private network or development build on Cellframe SDK. So everything is possible. If you have specific questions on this issue, ask them in our telegram channel for developers: https://t.me/cellframe_dev_en

• Any news about an APY fix on the staking site? 
• Today we have updated the staking site because we have added LP-staking mechanisms both on BSC and ETH networks so, please, check it. And at least when I saw today's LP-staking mechanism, it was displaying APY right. I believe that all the necessary changes have been made in terms of a single staking too. If you see that this is not the case, please contact our support team.

• When will I be able to trade the new BEP20 on PancakeSwap? 
• We have just launched liquidity migration to PancakeSwap. We try to carry out the most thoughtful migration to protect you, our community, from possible difficulties in the form of, for example, rugpull. By the way, in a sense it is up to you — the faster you migrate your LP-pairs, the faster you can trade on PancakeSwap. I believe it will not take a lot of time. Let’s wait for a few days. If it didn’t take much time during the migration of single tokens, then, I think, in the current situation it will be the same. Anyway, the faster you migrate your LP-pairs, the bigger rewards you get. Both because of low initial competition and because of high initial APY. So for all LP holders it will be good. 

• For those who have been staking for three months, when will we be able to withdraw our tokens and rewards?
• If you staked your tokens for three months, then you can withdraw them in three months. As for rewards, it all depends on the sum of the factors. 

If you are asking when it will be possible to withdraw tokens, withdraw them from the native network and sell them, then this will become possible after the mainnet hard fork. And if you're wondering when you can claim your rewards, the LP reward mechanism is already up and running. For a single staking, we need to clarify this question, but I think that everything is already fine-tuned.

• Will the Cellframe Dashboard get its own browser similar to Metamask? We would benefit from a secure and fast browser. 
• Yes, we have been thinking about launching a browser extension, but I can't say exactly when we will do it. Maybe in the spring we will have all the necessary resources for this.

• Can Dimitry say in AMA that the company has enough funds to keep building during this bear market and don’t stop before CELL is a TOP 10 project?
• Of course, we will not stop and will continue to fight. We have enough resources and faith in the project. And by the way, our goal is not a TOP 10, but a TOP 3. 

• The presented roadmap ends in January 2023

Does this mean that the fully functional mainnet will launch in February?

• No, it only means that we have written out in detail the plan of our work until February. The launch date of a fully functional mainnet will directly depend on what difficulties we will face when passing all the tests and debugging while following the roadmap. 

• Will there be staking in the Cellframe Wallet?
• Yes, Cellframe Wallet will support Web3 API, so staking will be available.

• Is KelVPN  a crucial tool for Cellframe? What is the connection between these two and how they will work together?
• Today KelVPN for us is the best example of how Cellframe can work as a platform for truly dedicated services. This is a real working product that anyone can buy and use.

• So much money stacked in the funding wallet, what are the plans for it?
• We will hold these funds until the end of the bear market and then use them to promote the project. In the current situation, their use will not bring any results.

• Is KelVPN going to go live on mainnet as soon as CELL does?
• It will go live sooner than CELL, because it has less requirements to be live. 

• How are you guys charging money with the technology you are building?
• We earn money from the fees we collect.

• Did Cellframe have an ICO?
• We had IDO in the past.

• Regarding Dashboard — when will a stable macOS version come out?
• We have committed our best developers to this issue and are committed to releasing this version as soon as possible. Understand, this is not about the Dashboard itself, but about the node, which can be somewhat unstable on macOS. I am dealing with this issue by myself and, I promise, we will tell you about the release of the Dashboard on macOS as soon as it becomes available.

• Will 2023 be a good year for Cellframe regarding mainnet?
• Yes, it will be a great year, because we will finally launch our mainnet.

• What about Cellframe’s assets and cash, is it enough?
• Cash is always not enough, but for our purposes it’s enough. Don’t worry about this.

• ​When can deployers launch a project on Cellframe?
• It depends on the project. Some projects can be launched right now, for example, using our SDK. 

• What is really the next huge step in the bear market to kick projects toward new investors and to have a positive impact by attracting attention? Thanks for great technical developments!
• Specifically, our next big step is to hard fork the mainnet and launch a fully functional mainnet. In this network we will be able to visually demonstrate our tokenomics and how our services work based on it. 

• What are the plans to onboard new projects on cellframe. Hackathon?
• We will do this after the launch of the mainnet in order to be able to visually demonstrate the full development cycle.

• We can buy on a new contract BSC address?
• Yes, you can. 

OK, these were all the questions. Thanks to everyone who asked. Those were amazing questions. Thank you for all your questions and for all your support! See you next time!