PlatON Monthly Report: October 2024

01 — Technological Progress

TOP WALLET

1）TOP WALLET has completed the development of version 1.3.0 and has been released on the App Store;

2）TOP WALLET version 1.3.0 includes multi-currency digital currency accounts of MPC+AA, value-added financial services, DEX exchange services, QRPAY scanning payment services, ZKPAY payment services, etc., which will become another important wallet project of PlatON;

3）ZKPAY demonstrated during the Hong Kong FinTech Week the scenario of users issuing their own currencies, creating payment cards, and completing POS payments through TAP. It also demonstrated a new experience of person-to-person face-to-face money transfer through TOP WALLET.

(4) ZKPAY technology roadmap was formulated to realize the full compatibility of ZKPAY innovative payment mode with traditional payment scenarios by completing NFC simulation card interaction on cell phones, one-time writing and multiple-use of ZK proof, and improvement of pre-charge to pre-authorization.

TOPOS Cross-chain Acquiring System

1）Completed the determination of QRPAY and PayNow technical solutions for Allinpay POS machines, and clarified the roadmap for the technical realization in November;

2）The cross-chain acquiring system has integrated with ZKPAY to complete the unified access of the merchant side. Automated settlement of digital currency to fiat currency is completed through cooperation with stablecoin issuers, lowering the threshold for traditional offline merchants to accept digital currency.

(3) Developed the GIMLET platform for MPI licensed institutions, completing unified payment collection services for both digital currencies and fiat currencies. This will serve as a blueprint and provide a reference for future collaborations with more acquiring institutions.

02 — PlatON News

PlatON Attends Hong Kong FinTech Week 2024 and Launches Innovative Payment Solution ZKPay

From October 28th to 29th, PlatON participated in Hong Kong FinTech Week 2024, which was jointly hosted by the Financial Services and the Treasury Bureau, Invest Hong Kong, the Hong Kong Monetary Authority, the Securities and Futures Commission, and the Insurance Authority of the Hong Kong Special Administrative Region Government. During the conference, PlatON unveiled its latest wallet product, TOP WALLET. Leveraging the MPC+AA framework released earlier this year, TOP WALLET not only supports social login and zero GAS fees but also integrates numerous payment-related services within the PlatON ecosystem, including cross-border remittances, stablecoin exchanges, wealth management and appreciation, and QR code payments.

With TOP WALLET, PlatON also launched the ZKPAY payment method, which allows each stablecoin holder to issue its own Smart Money, a new form of currency that can be used to transfer and pay in all retail scenarios through QR codes, NFC, etc. During the conference, PlatON vividly demonstrated to the guests through TOP WALLET how traditional payment experiences such as face-to-face transfer, POS QR code payment and NFC tap payment can be replicated on the blockchain, which gave new attempts for decentralized wallets to adapt to payment scenarios and experiences, and allowed more users who don’t know about digital currencies to integrate them into their daily lives easily.

PlatON Collaborates with StraitsX and Allinpayintl to Forge a New Chapter in APAC Cross-Border Payments

The digital public infrastructure PlatON announced its official partnership with StraitsX, the leading infrastructure for digital assets in Southeast Asia, and Allinpayintl, a global financial payment company. This partnership will drive efforts towards seamless cross-border payment rails between Singapore, Hong Kong, and the region — addressing the growing demand for faster and more efficient settlement times between merchants and end-users, and jointly driving innovation and development in cross-border payments across the Asia-Pacific region.

PlatON and UXUY Enter Strategic Partnership to Provide Seamless Payment Experience for 900 Million Telegram Users

ChainCatcher news, PlatON, the digital public infrastructure, has reached a strategic partnership with UXUY, successfully integrating the UXUY Telegram Wallet, which will provide the Telegram ecosystem with a full range of fiat and digital currency services, with the aim of bringing a seamless payment experience to 900 million users.

Incubated and funded by Binance Labs, UXUY is a next-generation decentralized multi-chain infrastructure. Based on the Telegram ecosystem, UXUY provides multi-chain DApp access services and application centers, and provides qualified DApps with all-round support in terms of technology and traffic through the Puzzle Plan. PlatON’s Web3.0 payment and clearing system, TOPOS, allows merchants and users to hold Web3 assets in a non-custodial manner. Together, the partners aim to deliver secure and efficient payment solutions for global merchants and users, accelerating the global adoption and application of stablecoins. They will also explore further possibilities for payments within Telegram, leveraging the TOPOS payment clearing system to provide better exchange rate support and lower transaction fees for merchants and users alike.

Kevin, the founder of UXUY, stated: “Telegram users can easily access the PlatON ecosystem through UXUY, experiencing seamless instant digital currency exchanges and fund transfers. We are committed to driving subsequent cooperation to enhance the crypto multi-chain landscape of Telegram.”

03 — Ecosystem

Xirang, PlatON’s Hardware Ecosystem for All Categories, is Officially Launched

With smart terminals as its core, Xirang is gradually launching the projects of Industrial Research Institute, Distributed Application Market, Specialized IC, AI GSE, Xirang Cloud and Xirang Space.

At Hong Kong FinTech Week 2024, Xirang’s innovative payment terminal, Xirang TPK1, adopts PlatON Network as the distributed underlying infrastructure and carries ZK Login and ZKPay, which provides deeper system-level protection for data security and financial flash payment in the mobile terminal application market. Ryan, co-founder of Xirang, disclosed that Xirang TPK2 will be released in 2025 Q1, fully embedded with TOPOS in terms of operating system, and combined with SIM/eSIM mobile data solution, realizing the complete closed-loop of one machine, one address.

PlatON Ecological Project Xirang Robot Officially Launched

The PlatON ecosystem project, Xirang Robot, has officially launched. Currently, the structural design has been completed, and the next steps of machining and algorithm adjustment for the key joint instruments are underway.

PlatON Telegram MiniApp Ecological Project Bones Completes Technical Access and Network Adaptation with UXUY

On October 25, 2024, PlatON Telegram MiniApp eco-project Bones has completed the technical access and network adaptation with Telegram multi-chain wallet UXUY, and UXUY can be used in Bones to connect to the wallet, laying the product foundation for the next step of on-chain interaction.

PlatON AI Long Text Generation Model Megrez δ Officially Launched

PlatON AI long text generation model Megrez δ is officially launched. This model is a variant and optimization of the underlying architecture by the Megrez team, based on ChatGLM4–6B/9B/13B. It is designed to create text content that appeals to a broad audience, including but not limited to novels, scripts, game plots, marketing materials, and other fields. Users can connect their wallets using mainstream browser extensions such as MetaMask or innovative Telegram MiniWallets like UXUY to access the PlatON Network. It is estimated that within the next year, the number of readers will reach 500,000 to 1,000,000, with around 1,000 authors utilizing Megrez δ for creation.

04 — Community Events

PlatON Launches Two Rounds of “October Giveaway” Events

In October, PlatON has initiated two community Giveaway events on TaskOn and Galxe, each valued at 200 USDT.