Loka is a Meta Layer with Native Yield Protocol for Bitcoin that accrues value from the Bitcoin mining economy.

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Development Updates

Development Updates

This is a live weekly updates on important things & notable events happening in the Loka Team.

25 March 2024

• Pitch recording by Andy on Loka as Bitcoin Layer https://www.loom.com/share/89e9ac9919544936958b6c85598987c5?sid=31abe8ef-032d-4bc3-99e0-8d72320d4c31
• New About Page

19 March 2024

• Partnership with Kilinova Ventures
• 80% progress on Decentralized Mining Pool UX design

11 March 2024

• Vanilla Mining Pool is live at https://btc.lokamining.com
• Midterm Pitch on Outlier Ventures Basecamp
• Purchased 20 ASIC machines for our R&D on mining pool

4 March 2024

• Sprint: Loka as Bitcoin Meta Layer Narrative
• Registering company in Plan B, Lugano Switzerland
• New logo, changed from green to orange to represent Bitcoin focus

26 Feb 2024

• Stratum Development succeeded
• Backend test for miners to Stratum server success

19 Feb 2024

• New dev team onboarded.
• Finishing DeFi front-end design for BTC liquid staking

12 Feb 2024

• Loka Labs officially backed by Outlier Ventures, and joined their basecamp program.
• Starting development of Decentralized Mining Pool
• Technical phasing of Mining Pool & incentive engine design

5 Feb 2024

• Handover IC Dragon side project to a different dedicated team
• Loka Labs has no control and ownership over IC Dragon project anymore, therefore has no legal responsibilities or any related matter over the project.

29 January 2024

• Verify once, with no expiry on Loka Miner verification
• IC Dragon v2 Launch with more features
  • Reworked the UI and artwork
  • Statistics
  • Wallet
  • $EYES Halving Counter

22 January 2024

• Loka Miner Beta Launch https://miner.lokamining.com
• IC Dragon Launch https://icdragon.xyz https://forum.dfinity.org/t/ic-dragon-a-dice-roll-game-with-randomness-fully-on-chain-on-icp/26979

8 January 2024

• Miner’s Dashboard web3auth and Jwallet front end revamp

18 December 2023

• Miner’s Dashboard web3auth and Jwallet integration
• Fast-tracking building fully decentralized Bitcoin mining pool on ICP. Details on https://forum.dfinity.org/t/building-a-fully-decentralized-bitcoin-mining-pool-on-icp/25672

11 December 2023

• Testing live on Alpha Miner Dashboard withdraw USDT-Arbitrum

4 December 2023

• New post on ICP Forum

  https://forum.dfinity.org/t/loka-a-trustless-non-custodial-bitcoin-mining-platform-built-on-ic/25201/7

• Finished final (3rd) milestones for Dfinity Developer Grants

• Alpha Miner integration to ckBTC and USDT

• Updated README with Architecture diagram on Loka business process on Github

  https://github.com/lokaverse/loka_canister

27 November 2023

• Alpha Miner Dashboard 80% completed

20 November 2023

• Codebase for Canister refactor — adding timer
• Starting Alpha Miner Dashboard development

13 November 2023

• Burnable LET mechanism
• Code standardization and refactoring
• Finished 3-days design sprint, recap:
  • On the 2-sided protocol, we should start solving supply side first
  • Low hanging fruit problem to solve: Smaller miners can’t withdraw mining rewards daily due to minimum threshold in mining pools
  • Tested UX to 4 BTC miners: https://www.figma.com/proto/8xNjOytIPkUYp4UPWwXuUI/Loka-Miners---Daily-Mining-Reward?type=design&node-id=1-2&t=zvUD3RXWIXPqbkPL-1&scaling=min-zoom&page-id=0%3A1&starting-point-node-id=1%3A2&mode=design
  • Aim to launch this service next week

6 November 2023

• Staking mechanism
• First draft of Loka Protocol Whitepaper

30 October 2023

• Added Canister function : Distribute Reward
• Added Canister function : Claim Reward
• Added GUI :

23 October 2023

• Added Mining Site Master Canister
• Added Mining Site Controller Canister
• Added NFT Canister
• Added Testing Token Canisters

16 October 2023

Loka Version 1.0 (Beta)

User now can connect wallet & start minting dummy mining contract from our beta testnet