Rowan Energy — News
It’s been a busy few days here at Rowan Energy with some big news.
🟡 Price has jumped around slightly across the exchanges, partially due to the main net upgrade & partially due to one or two mid-size market sells. Unfortunately, a side-effect of being a new project is that the order books are still thin with a wide buy/sell spread so jumps are to be expected.
🟡 Main net update: There has an upgrade completed on the Rowan main network to allow some improvements to happen & some new features to go live. This planned work was carried out with advance notification going to exchanges & wallets, all of whom are now trading again.
🟡 Negotiations are ongoing around the end-user trial, & potentially scaling it up. With any business agreement there are layers of complexity & the current situation in the UK is not helping the discussions. However, once the agreements have been made we expect the trial to go ahead unhindered by lockdown. In particular we are looking towards onboarding users who do not need our custom hardware, which will reduce friction at that stage. .
🟡 The first batch of smart miners is expected any day now, & as soon as the final version is ready our CEO David will be doing some video demos of it’s features & functions. We can also confirm that there are a large number of existing home solar users who already have compatible smart meters & can potentially very rapidly connect to the network.
🟡 Biggest news: Staking is now LIVE. RWN can now be staked through the website portal (apps coming soon). This is a separate service to the existing Vault, & allows you to earn interest on your stored RWN. Currently the rate os 0.1% daily, so 36.5% p/a on your RWN balance.
For more detail check out https://rowanenergyrewards.medium.com/rowan-staking-terms-conditions-20cb70ae1604
