Equilibria Progress Report

Introduction

Hi everyone, after the recent influx of newcomers this week, we decided it would be best to post a short and sweet progress update for you all. In this post, we will update you on our development progress and address many of the questions we have received over the last couple of weeks.

Community Contributors

Over the last couple of weeks, we have gotten some great help from the community members within our Discord and Telegram channels. We have decided to switch our logo to a white and blue equilibrium symbol that was inspired by k_godel concept (very similar to the previous logo.) One of our oldest community members, greggy, created an Oracle Node quick start script that can be found here. The script makes it much easier to get an Oracle Node up and running even without very much Linux or service node experience. Another community member who has been helping us out significantly is Matty Ice. He has been helping us manage our community channels while both of us focus on the roadmap.

DELFI

We have been testing DELFI v1 on a private testnet for about a week now. He is almost ready to release the public testnet for DELFI that will allow the community to help find bugs and issues. This version of DELFI will be capable of tracking 1900 cryptocurrencies, 6 metals, and 170 fiat currencies. Once DELFI is on mainnet, other blockchains will be able to tap into DELFI price feeds and that can help remove unnecessary centralization from their network.

Front End

Over the last couple of months, we have spent a lot of time preparing a massive front end update. The current website and roadmap were created in a rush when our team continued development in June. Initially, we considered releasing everything at once, but by request from some of our community members, we have decided that it may be best to release some of the changes that are already prepared for release. Our first front end release will be a web wallet that will make storing XEQ even easier than before. After the web wallet, there will be some UI/UX changes to the desktop wallets to go along with our new theme.

About a week after the release of DELFI, we will be releasing the rest of the updates including:
- New website
- New explorer
- An Oracle explorer
- iOS and Android wallets
- A DELFI site and explorer

There is a chance that some of the items on this list will get released before DELFI is released, but there will be some modifications due to the tie between DELFI and the front end.

FAQ

Why did the team leave in January?
This has by-far our most asked question over the last couple of weeks. In January, both Harrison and Thomas no longer had enough money to keep funding the project due to the lack of traction and high project expenses. After a six month break, both members have stabilized their finances and came up with a stronger objective for the project — privacy-based Oracle Nodes. All of the code that was written last year was able to be used for this new objective as Oracle Nodes have already been built and DELFI was originally designed for a private and decentralized stablecoin. By focusing on oracles, we believe the oracle clusters we create will help create a very strong ecosystem that other privacy-based blockchains can use. This also leaves us with the opportunity to create our own dApps such as ili Bet.

Why isn’t XEQ on Uniswap?
XEQ is a cryptonote token that has its own chain — it is not an ERC-20 token. Some of our new community members have suggested the idea of wrapping a version of XEQ for Uniswap. Unfortunately, this is not a simple process and won’t be done in the immediate future. After the release of DELFi we will put more time into researching this, and may even add it to our roadmap. One Monero contributor is currently developing Atomic Swaps for Monero which would make this process significantly easier for us. For now, we are going to continue focusing on the current roadmap.

Why is XEQ only on TradeOgre?
We have begun applying for some more exchange last week. By requests from the exchanges, we will not be naming any of them. The entire process of getting on an exchange can take a long time, and we are unable to announce any updates on the status of any exchange applications.

How can I start an Oracle Node?
You can start an Oracle Node by going through this tutorial: https://github.com/EquilibriaCC/Equilibria/wiki/How-to-Setup-an-Equilibria-Oracle-Node

If you look at the top, there is a quick-start guide that one of the community members made to simplify the setup.

How much does it cost to start an Oracle Node?
It currently costs 81,903 XEQ to start a node. This is just used as collateral and the amount is locked for 30 days before you can transfer it to a different wallet. The cost of starting a node slowly decreases each block, and you can find the current cost by heading over the explorer or running the command !to xi or !xeq xi in either of our Discord or Telegram.

Resource Links:
- Website: https://equilibria.network/
- Wiki: https://github.com/EquilibriaCC/Equilibria/wiki
- Wallet: https://github.com/EquilibriaCC/Equilibria/releases
- Explorer: http://explorer.equilibria.network/
- CoinGecko: https://www.coingecko.com/en/coins/equilibria
- TradeOgre: https://tradeogre.com/exchange/BTC-XEQ
- Twitter: https://twitter.com/EquilibriaCC
- Discord: https://discord.gg/pDyfUTs
- Github: https://github.com/EquilibriaCC/Equilibria

Private Decentralized Oracles