The first quarter of 2024 has been a period of significant activity and progress. We successfully launched and supported Shannon (fka v1), including a migration to Cosmos 0.50.x, an SMT audit and improvements, the completion of the Claim & Proof Lifecycle, and the launch of a private testnet. On the economics front, we explored a new QoS Economic Model Concept and a New Reward Model Concept.
Our Gatewayverse saw the release of a production-ready gateway server, and we now have six gateways building an RPC business on our network. We also continued on our Road to Revenue, with 6.45m POKT burned to date.
On the branding side, we've intensified our IRL execution, reestablished a relationship with PR and Media Agency Serotonin, kicked off a narrative for a potential AI use case, and continued evolving our documentation and website.
In terms of community engagement, we've seen the launch of our ecosystem metrics dashboard, the design of the Retro POKT Good Funding program, and the final iteration of our CREDS proposal. We've also allocated several Quick Grants and RFPs, implemented the “Maintainer” role, and relaunched Bounties.
Finally, wPOKT stats show a supply of 70.09m, $3.04m liquidity, 1,080 holders, and 19k+ transactions to date. We've announced the third phase of rewards and have plans to launch a Uniswap v3 pool shortly on Arbitrum. We're also celebrating our first Tier1 listing on Upbit, with additional listings on Bitget and Crypto.com’s app.