Uniting Forces: Iotabee, Tanglepay, and GroupFi’s Collective Announcement to the IOTA Community
Embracing Progress: A New Chapter for the IOTA Ecosystem
As pioneers in the IOTA ecosystem, we’ve journeyed through incredible highs and faced our challenges with unwavering determination. Our experience in this vibrant community, coupled with the steadfast support of the IOTA Foundation, has been nothing short of remarkable. To everyone who has stood with us, your boundless support has been our greatest motivator, and for that, we are eternally grateful.
Venturing Forward with Unified Strength
Our path has been one of continual learning, development, and sometimes, overcoming hurdles. Throughout this journey, Tanglepay and Iotabee have remained resolute, bolstered by our shared conviction in the transformative potential of IOTA. This mutual belief has catalyzed a partnership between our teams, fostering close collaboration that is pivotal for advancing the ecosystem’s capabilities. With the advent of the IOTA EVM, we are poised to amplify our collaborative efforts, pushing the bounds of what we can achieve together for the greater benefit of our community.
Charting a New Course Together
In a strategic move to consolidate our strengths and streamline our operations, Tanglepay and Iotabee are merging. This consolidation is born out of months of collaboration on the GroupFi alpha test, a venture that saw both teams sharing expertise and development resources. Recognizing the strategic significance of the GroupFi protocol, we’ve decided to combine our forces, enhancing our operational efficiency. This merger means that Tanglepay and Iotabee will now operate as interconnected entities under a unified focus, with the GroupFi protocol taking center stage. Rest assured, the unique qualities and core functionalities of Tanglepay and Iotabee will remain untouched by this merger.
Elevating Our Shared Vision with GroupFi
For those yet to delve into the GroupFi experience, we invite you to become an early participant using your Shimmer Layer 1 wallet at our dedicated websites. GroupFi stands out by leveraging Distributed Ledger Technology (DLT) to introduce a revolutionary, cost-free on-chain messaging protocol. With its forthcoming Beta Version promising compatibility with EVM, GroupFi is set to integrate effortlessly into mainstream EVM ecosystems. Recognizing the burgeoning potential of Web3 Social in the cryptocurrency sphere, we envision GroupFi as the pivotal application driving genuine adoption. In line with this strategic focus, both the Tanglepay and Iotabee teams will dedicate their efforts towards refining and expanding the GroupFi protocol.
Tanglepay’s Renewed Commitments
Tanglepay reaffirms its role as a core IOTA and Shimmer wallet, emphasizing a continued focus on IOTA-centric initiatives. With the upcoming rollout of the IOTA EVM, Tanglepay pledges to offer robust support and refine wallet integrations to facilitate a smooth experience for community-driven projects. We also extend our deepest apologies to the TanglePay Iceberg Legends NFT holders for the delays in delivering the promised trading fee discounts, due to technical challenges in asset transfers to EVM. We value your patience and support immensely, and as a token of our appreciation, we are committed to:
- Prioritizing the implementation of trading fee discounts on the Iotabee Aggregator as soon as these technical hurdles are navigated, with the assurance that this benefit will encompass additional EVM chains in the future.
- Offering NFT holders the chance to secure reserved GroupFi NFT names at no cost.
A Strategic Pivot for Iotabee
Iotabee is set to fine-tune its focus towards becoming a DEX aggregator, aligning with GroupFi’s expansion and promoting IOTA technology’s adoption. This new direction entails:
- Serving as a DEX aggregator rather than operating proprietary pools on the IOTA EVM at the onset.
- Continuing pools and farming plans on ShimmerEVM, rewarding liquidity providers with distributed fees.
- Gradually phasing out the Iotabee cross-chain swap on the IOTA mainnet, an initiative that has achieved its mission. With the IOTA EVM facilitating cross-chain transactions via an official bridge, the necessity for maintaining a separate swap platform has diminished. We extend our heartfelt thanks to all early adopters for their unwavering trust and support.
In this new chapter, our unified efforts underscore our commitment to fortifying our service to the ecosystem. We convey our sincere appreciation to every community member and the IOTA Foundation for your relentless support. Gleaning from our shared experiences, we stand ready to forge ahead, charting a luminous path for the IOTA ecosystem’s future.
