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List of major events

· Standard Protocol won Polygon's #DefiForAll fund (https://blog.standard.tech/standard-protocol-is-joining-polygon-bab5bd547247), and will promote STND by cooperating with other top DeFi projects in the Polygon ecosystem Rapid implementation of the ecosystem stabilization vision;

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technology development

• Launched the Rococo test network, one step closer to accessing the Polkadot ecosystem;

• After receiving grants from the Polygon #DefiForAll fund, we are building a bridge to link with Polygon;

• We are working on the DEX module and its UI.

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team development

Our technical team is growing from strength to strength, and we welcome new members to join:

• Viktor (LinkedIn) — React Native engineer, he is an experienced developer and blockchain enthusiast;

Marketing, Events and Community

• Our Staking campaign has successfully concluded! Thanks for everyone's support and participation. The winner list and reward claim instructions are here: https://blog.standard.tech/standard-protocol-staking-campaign-winner-announcement-bd819af67de3;

• Turkey Kucoin AMA: Spread the concept of Standard Protocol together with Kucoin exchange;

• Turkey Community Game Night: A quiz contest was held on Kahoot, and we plan to launch it in South Korea, China, Russia and other communities in the future!

• Standard's Reddit community is live! There you can discuss with the team;

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Market Overview (as of July 19)

· Total circulation: 7,682,711 STND (accounting for 7.68% of total circulation)

· Market cap: USD 2.48 million

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About Standard Protocol

The Standard protocol is the first synthetic asset-based hybrid mortgage elastic supply stablecoin based on the Polkadot ecosystem. It is also the first and only project in South Korea to receive a Grant from the Polkadot Web3 Foundation.

We implemented a hybrid mechanism for minting stablecoins and included a new paradigm for liquidity. Compared with other algorithmic stablecoins, we indirectly adjust the relationship between supply and demand through mortgage rate adjustment, which is more secure in terms of capital adequacy.

And Standard realizes leveraged trading and arbitrage through the built-in AMM, becoming a catalyst for financial activities of other parallel chains. Standard can also generate protocols that can be used in synthetic asset markets through decentralized oracles.