Monthly Report-August 2021
Product Updates
1. August 24th, Bagels mainnet launched and opened DAO Boardroom and Lend vault with six asset strategies including MDX, USDT, BNB, BUSD, BTC, and ETH.
2. August 26th,opened single-asset vault farming pool.
3. August 27th,opened leveraged farming pool and 11 trading pairs including MDX/USDT, BTC/USDT, BNB/USDT, ETH/USDT, BNB/BUSD, MDX/BNB, MDX/ETH, MDX/BTC, MDX/BUSD, BNB/BTC, and BNB/ETH.
4. Secured the official code and product verification by BscScan.
Project Development
1. August 6th,Bagels testnet launched.
2. August 24th, Bagels mainnet launched, opened Boardroom and Lend pools.
3. August 24th, Bagels’ governance token BAGEL was listed at PancakeSwap and started trading.
The price of BAGEL surged by 1500% at highest on its first day of trading, trading volume exceeding 7,000,000 US dollars and the amount of holding addresses reaching 2400+.
4. August 26，started Genesis Farming.August 27, opened Leveraged Farm
Bagels’TVL exceeded $40,000,000 within 72 hours after its mainnet launch. The amount of BAGEL locked in the Boardroom is 320,000+, with an average lock time of 2.46 years.
5. August 22,BlackOcean IDO.
63,791 users in 41 countries participated,2,858 people successfully snapped up the subscription, the fundraising was over 400% of the 50K intended target.
6. August 22,Bagels Global Ambassador Program Kicked off.
Recruited a total of 23 ambassadors all over the world speaking different languages.
7. Listed on CoinMarketCap and Coingecko.
8. Strategic partnerships with Berry Data and SheepDex.
Market activity
1. August 6–23, Bagels Public Test Contest.
30+ countries and regions & 15,000+ wallet addresses participated,with 150,000+ contract interactions.
2. August 6–10, Community Building.
10,000+ retweets on Bagels Twitter and Weibo, and 13,000+ people filled in the form of Bagels airdrop event.
3. August 24–26, Lend to Win 30,000BAGEL Airdrop Event.
4. In August, 32 AMA were held jointly with TradeCoinVietNam, MetaFinance, Boring, AZer Block and other multi-language communities with a total of 500,000+ expressions and the effective referral traffic exceeding 10,000.
5. August 20,Bagels CMO, Emily Sit attended and spoke at the “DeFi Toronto-August Meetup”in Toronto.
6. In September, partnership with CoinMarketCap for hosting an event on progress.
8. Signed long-term partnership with 200+ authoritative media and 600+KOL worldwide.
Community Building
1. Official Twitter
Bagels Twitter has more than 63,000 followers, an increase of 105% from July.
Opened a new Twitter account for Bagels South Korea community (@BagelsFinanceKR).
2. Volunteer community
Opened Japanese TG community, with a total of 206 people.
Korean TG community promoted, with a total of 1,443 people.
Opened Hindi TG community, with a total of 123 people.
As of August 31, Bagels has communities in more than 30 countries speaking different languages , including English, Chinese, Japanese, Korean, Vietnamese, Indonesian, Hindi, etc. The total number of followers in Bagels global community is over 50,000, an increase of 25% compared to July.
