Weekly Update 25w/2020


SnowGem Weekly Update

Welcome to the SnowGem Project June 19th 2020 Community Update.

Latest News  
As a follow up from last weeks update, The SnowGem Foundation has made another important step with our MasterCard partner. We have hired a full time certified book keeper (Internally), who will take care of all transaction details between our exchange service, swap service and debit cards and will also be responsible for major financial transactions between the companies, banks and external partners.
The SnowGem Foundation have made a partnership deal with one of the best crypto accounting companies in the Czech Republic, headed by Mrs. Hana Kocourková who is very experienced with major crypto projects in the Czech Republic and dealing with mining farms, exchanges or individuals. Mrs. Hana Kocourková will be our key contact in all legal accounting services and our second certified book keeping adviser, so we can be 100% compliant with all our regulators.
Finally, our contract between SnowGem Foundation and MasterCard related investors is nearly complete, we are just fine tuning details ensuring the agreement is fair and legal. We estimate everything regarding this contract will be completed by the end of June.
We will ensure everyone is kept well informed about all upcoming news and events, this is a huge step forward for SnowGem and the whole crypto world!

We have released BitFrost v0.0.6 on Google Play and Apple App stores which includes many refinements and bug fixes, we have added support for Zel and also fixed explorer issues BitGreen for a more stable experience. Further details on whats new in v0.0.6 can be found via our BitFrost Changelog here.

 Zel Txt

We would still like to encourage users to report any bugs found via the #BitFrost channel on Discord so we are able to fix them in the next version.

We are currently working on BitFrost v0.0.7 which will be the first release using SnowSwap, we are going to start with 1 pairing in the first version to give everyone a chance to try it out and share their experience. Subsequent versions will introduce more SnowSwaps and exciting features.


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Important Announcement for SnowGem Electrum and Copay wallet users

After careful consideration, we have decided to phase out support for SnowGem Electrum and Copay wallets due to download statistics and time needed to maintain these platforms. We believe that our time will be better spent on developing new and exciting products that are in demand, we therefore will only maintain Electrum and Copay until the 1st August 2020, this should give users enough time to move their coins.

We do however have the perfect replacement, SnowGem ModernWallet and BitFrost which are our own fully supported platforms. 

In case you are wondering why we are implementing this, we maintained Electrum and Copay for hardware wallet support but we are planning to introduce this into BitFrost which would make the former a waste of valuable resources and we want our community to have access to some of the best tech and support in the industry.

Further Reading

SnowGem Whitepaper.

SnowGem Vision.

SnowGem Draupnir.

Please check out our Twitter Page, Discord and Telegram for more information on any topics covered and more.

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