We know the past few months have been drawn out for everyone eagerly awaiting the release date of our mainnet. Throughout each step, we’ve been direct and transparent with our community, and sometimes maybe a little too hopeful. But now the wait is over.
Our developers have been working especially hard to meet the exacting requirements of the Hacken audit and we’re over the moon to have achieved a score of 8.7/10 which we feel represents the hard work of everyone involved. Now that we’ve passed with a high score and a solid audit we feel confident and ready to launch the Paribus Mainnet v1.
As Deniz, our CEO says, “We are absolutely thrilled and delighted to be launching the mainnet version 1 for our project! This remarkable milestone is a testament to the countless hours of dedication, hard work, and collaboration poured into this endeavor by our talented team. We couldn’t be more excited to share the fruits of our labor with the world.”
On March 28th the Paribus Mainnet v1 will go live on Arbitrum, with other releases being lined up for the future. This marks the end of a huge rollercoaster of development ups and downs that were coupled with turbulent market conditions and we’re thrilled for the next step in the process.
The team’s excitement is summed up by Wilson, our COO, “The journey so far has been marked by immense effort and substantial investment, both in terms of time and financial resources. However, witnessing our vision come to life and having the opportunity to positively impact our users make it all worthwhile. As we release our first version of our mainnet, we look forward to refining our offering based on user feedback and continuing to push the boundaries of innovation in our field. The future is bright, and we are eager to seize every opportunity it presents.”
Although the various delays we encountered seemed like obstacles at the time, in hindsight they’ve put us in a far better position with respect to our launch date. Although we can’t predict the future, we feel very fortunate to be here at this point in the market cycle.
As Deniz explains, “Despite the unexpected delays we’ve faced during the development process, we wholeheartedly believe that these challenges have ultimately been advantageous to our project. By not launching prior to some of the major market turbulences, we were presented with a unique opportunity to reassess and fortify our strategic approach.”
Adding, “The additional time has allowed us to refine our product, optimize our technology, and strengthen our team’s expertise. This has resulted in a more robust and versatile solution, better prepared to weather the unpredictable nature of the market.”
It’s a view shared by Simon, our CTO, “These delays have granted us insights and the ability to adapt to the rapidly evolving landscape, ultimately enhancing our project’s resilience and potential for success. As we move forward, we are confident that the experiences we’ve gained through these challenges will continue to inform and propel our progress, ensuring that our project remains at the forefront of innovation and value creation for our users.”
As we approach the launch we’ll be intensifying our efforts to raise the profile of Paribus and bring it to many new users. For the community, we’re scheduling a very special Twitter Space Town Hall on 23rd March to celebrate this huge milestone and answer any questions people want to ask.
Having a date for the launch of the Mainnet v1, our attention can now turn to the future developments and iterations we have planned. At such a critical time in the global financial system, with the Fed starting to break the banking system, we feel there’s no better time for DeFi to make its mark.
While traditional finance is struggling with the limitations of centralized systems, the future looks bright for DeFi as Deniz describes, “Now that the Mainnet v1 launch is scheduled and our foundation code is in place, the future holds boundless potential and exciting opportunities for our platform. We are committed to continuously evolving and enhancing our offering to better serve our users and stay at the cutting edge of the rapidly changing crypto landscape.”
Simon concurs, “One of our key objectives is to expand our platform’s capabilities to support a diverse array of exotic crypto assets as collateral. This includes, but is not limited to, Non-Fungible Tokens (NFTs), Metaverse lands, synthetic assets, and more. By embracing these novel and innovative asset classes, we aim to create a truly fluid and versatile platform that caters to the needs of a wide range of users.”
With respect to what the future holds Wilson says, “As we move forward, we will remain agile and responsive to the ever-changing market trends, ensuring that our platform adapts and evolves alongside the dynamic world of cryptocurrencies and digital assets. With our unwavering commitment to innovation and user satisfaction, we are excited to embark on this journey and unlock new horizons for our platform and the broader crypto ecosystem.”
For everyone that’s been wondering how they can help, the best ways are to join us on our various socials and share the content, and also to road test the mainnet once it goes live. We always welcome constructive feedback and look forward to watching Paribus and our community grow.
Once again we thank you for all the loyalty and support you’ve given us. We feel honored and excited to share this huge milestone with each and every member of our incredible community.