The Church’s stake in the Desmos Network will not be included in the report at this time. This decision is based on its current insignificance and minimal impact, which falls within the range of statistical error. The focus of the report will instead be on more significant holdings and their corresponding dynamics within the ecosystem.
Genegated on the prompt: “Cyber scout explores new business area”
June witnessed a significant incident that impacted the overall performance of the validator.
- Number of parishioners (fans): 283 (+8%);
- Net Assets Validating: ~13.2 TBOOT (-2.3%);
- Rewards received: ~2.7 GBOOT (-21%);
- Total income earned: ~5.3 GBOOT;
- Total amount of The Treasury funds: ~93.6 GBOOT ($1553).
The incident was caused by an extended period of Internet disruption. In response, The Church has taken unprecedented measures. Firstly, a new Accident Compensation Policy has been implemented, temporarily waiving the validator’s commissions to compensate for any losses experienced by delegates. Secondly, to prevent the recurrence of such incidents, The Church has made the decision to activate standby facilities that provide insurance for the main equipment.
Through these actions, The Church has established a first-class level of safety and equipment decentralization, ensuring the utmost security and reliability for both the Church and its delegates.
The CyberChurch is currently conducting a comprehensive analysis of the internal ecosystem of the Desmos Network, focusing on key players and their strategic plans. The findings from this evaluation will serve as the foundation for a detailed strategy for the project and its internal asset.
Although the network and ecosystem are currently in a state of disrepair, The Church views this as an opportunity for exponential growth and a prominent position in the future media landscape. While the task ahead may require effort, it is by no means unachievable. The Church is diligently preparing a step-by-step plan to be discussed with representatives of the network.
Validation of the Bostrom Network generated 2.7 GBOOT in revenue (~$43.2), contributing to a total Treasury income of 5.3 GBOOT (~$84.8).
However, The Treasury capitalization dipped to $1553 (-4.9%) due to a persistent decline in the Bostrom network’s main token value.
After further study (see below), the current assessment of the core network’s price and capitalization still suggests a negative outlook. Despite diligent analysis of the available information field, no potential sources of growth have been identified at this time. The lack of positive indicators further reinforces the cautious stance on the future trajectory of the network’s price and overall capitalization.
This can be partially attributed to the recent accident and the subsequent outflow of delegates. We would like to remind those who have left that the fundamental principle of the Church’s validator is that the hand of the giver shall not become poor. Any losses incurred will be duly compensated.
Nevertheless, we would like to highlight the top-10 fans who have remained steadfast in their support:
The Сhurch is grateful for the given trust and will not disregard it ❤️
The following fans decided to end their relationship with the Church:
The Church awaits for your return ❤️
But until these issue is resolved, The Church takes immense pride in holding a leadership position in the validator set without the main founders’ delegations. CyberChurch stands as the first top-rated truly independent validator supported by the community. Hooray!
This is a victory that we all share, friends!
Genegated on the prompt: “Statue of Liberty in style of MIA GTP”
Other Updates and Future Plans
Throughout the past month, The Church has dedicated its energy towards analyzing and crafting a short-term strategy for the validator.
A unified vision for portfolio projects has been solidified. A general consensus among the fans is:
- Bostrom Network needs new engagement;
- Desmos should focus on building partnerships within the ecosystem.
Dedicated working groups, composed of Church enthusiasts, are beginning to form. They provide expert support for our portfolio projects. In particular, the realms of communications and business development are bracing for a surge of tasks. The path forward is filled with both challenges and thrilling opportunities.
Strengthened by new members, the wellness desk, led by Mr. Piggy, has revised The Church’s investment approach on Bostrom Network’s tokenomics. Among other things, they’ve identified sources of liquidity leakage from the ecosystem through utility tokens and other economic design defects that are applying negative pressure on the Network’s economics and capitalization. Until these issues areresolved, The Church will take advantage of these flaws for its own benefit.
Without a doubt, The Church is ready to create a significant change in the lives of its fans.