Welcome to the June 22 update. We are excited to announce that CanWork is now live on Binance Smart Chain!
BSC Escrow is Live!
The culmination of months of development and testing is complete with the CanWork escrow now operating on Binance Smart Chain. Over the past week the development team have launched and tested the following:
BSC Wallet Connections
Live token valuations (via PancakeSwap & CoinGecko)
Escrow deposits using BNB and 6 other major BEP20 tokens
Automatic Liquidation to BUSD via Pancakeswap
Release & payment in BUSD
Automatic fee taking
Unauthorised deposits & releases and other function security
This is a significant milestone for CanWork. Although the development is not complete, the team can finally test the platform on Binance Smart Chain amongst the community and start onboarding freelancers again. We hope to regain the mantle of being the most used freelancing platform in Web3.
CanWork has a core of loyal freelancers who believe in the vision of the project and have completed many jobs on the platform previously. Initial testing with these freelancers has already begun. The team will be expanding our list of testers over the next week to a broader selection of the community. If you would like to help test out the platform by running some jobs through CanWork and the new BSC escrow please get in contact with the team via telegram:
Technical Iterations & Bug Fixing
Testing amongst the community and core team will revolve around finding, categorising and ordering bugs within the Escrow and UI/UX throughout CanWork. The team also have a number of iterations planned for the escrow over the coming weeks.
Roadmap for advanced features & UI/UX improvements
Now that the core fundamentals of the escrow are completed the dev team can start working on their list of CanWork UI & UX improvements. Much of the Canwork user experience hasn’t changed since our Ethereum days and is in need of a facelift. Additionally, user profiles will be audited and, where required, inactive / incomplete ones will be removed.
Momentum and user growth
Once the above measures have been completed the team is keen to resume our growth strategies and build our userbase. We have shown before we can do this with CanWork previously becoming one of the most used dApps outside of finance on Ethereum. We also know that there is a strong desire amongst digital freelancers for an alternative to the heavy fees they face on existing freelancing platforms. We are looking forward to building a larger community around the platform, stay tuned for updates on this in the coming months.
BEP20 $CAN on Pancake Swap
BEP20 $CAN can be used on Pancake Swap. Platform users and token holders can use Pancake Swap to:
Buy BEP20 $CAN,
Sell BEP20 $CAN, and
Provide BEP20 $CAN liquidity and earn fees.
Pancake Swap (and the $CAN pool) also provides functionality for our escrow system.
Pancake Swap also offers liquidity to our token holders and future platform users following the reduced usage of the original Binance Chain DEX. Note: Any token holder can create any liquidity pair on Pancake Swap.
If you’d like to learn more about the Pancake Swap integration and start trying it out for yourself head on over to this guide prepared by the team:
Note: You will need BEP20 $CAN and Trust Wallet installed on a smart phone.
To facilitate all of this functionality on Binance Smart Chain, a different token standard was needed; BEP20. This means that with the CanWork ecosystem shifting to BSC our token holders will also need to shift across from BEP2 to BEP20 $CAN. Thankfully, this is simple.
Before we continue, if you are still holding ERC20 $CAN you need to swap it across ASAP. This guide shows you how:
As discussed, swapping from BEP2 to BEP20 tokens is thankfully very easy particularly for our users operating the recommended Trust mobile wallet on their smartphone. The team has prepared a step by step guide that will convert your tokens in no time: