Ecosystem Update: October 2022 Project Report.
Welcome to the NerveFlux first official monthly project report. Its been a tough bear market but the crypto market has started showing some signs of positivity.
While we look forward to the month of November, below you will find our project report for the month of October.
NerveFlux Marketplace: We sincerely look forward to something great. The team have been working very hard to put things in place for fast and effective delivery of NerveFlux Marketplace. There has been a lot of coding by the DEVs team meanwhile the GUI design of the MVP is still ongoing.
Marketplace Whitepaper: As of the time of writing, the much awaited NerveFlux whitepaper is up for top level review by the core team. We are happy to inform you that 26th December has been set as a tentative date for the release of the marketplace whitepaper as against the 2nd quarter of 2023.
Tree Planting Program: Like promised, we have initiated the NerveFlux Charity-Tree Planting Program. In the last week, we started planting the trees we ordered and received from the local forestry department of Vercelli, Italy.
The Head of the tree planting program, Mr. Martini said,
here at NerveFlux we didn’t want to just plant trees, but in choosing the tree species we wanted to make sure that our choice would be environmentally oriented, respecting the local flora ecosystem and choosing from pioneer species that favour forestation, fertilisation pollination and the thriving of insects and local fauna.
He explains what guided his choice of the trees that are being planted.
Ontanano Nero (Alnus glutinosa): The common alder or European black alder is a species of tree in the family Betulaceae, native to most of Europe. The common alder provides food and shelter for wildlife, with a number of insects, lichens and fungi being completely dependent on the tree. It is a pioneer species, colonising vacant land and forming mixed forests as other trees appear in its wake. A. glutinosa is a tree that thrives in moist soils, and grows under favourable circumstances to a height of 20 to 30 metres. The common alder is most noted for its symbiotic relationship with the bacterium Frankia alni, which forms nodules on the tree’s roots. This bacterium absorbs nitrogen from the air and fixes it in a form available to the tree. In return, the bacterium receives carbon products produced by the tree through photosynthesis. This relationship, which improves the fertility of the soil, has established the common alder as an important pioneer species in ecological succession. The common alder is used as a pioneer species and to stabilise river banks, to assist in flood control, to purify water in waterlogged soils and to moderate the temperature and nutrient status of water bodies. It can be grown by itself or in mixed species plantations, and the nitrogen-rich leaves falling to the ground enrich the soil and increase the production of such trees as walnut, Douglas-fir and poplar on poor quality soils. Although the tree can live for up to 160 years, it is best c for timber at 60 to 70 years before heart rot sets in.
Acero Campestre(Field maple): It is native to much of continental Europe.
It is a deciduous tree reaching 15–25 m tall, with a trunk up to 1 m in diameter.
Carpino Nero (Ostrya carpinifolia): The European hop-hornbeam, is a tree in the family Betulaceae. It is the only species of the genus Ostrya that is native to Europe. Ostrya carpinifolia is a broadleaf deciduous tree, that can reach up to 24 metres The black hornbeam, in Italy, is found in the middle bands of the hills in an average sunny position. The forest formation in which the hornbeam results in its optimum is the Orno-ostrietum, that is to say in association with the manna (Fraxinus ornus).
Frassino Orniello (Fraxinus ornus): Also known as the manna ash is a species of Fraxinus native to southern Europe. Fraxinus ornus is a medium-sized deciduous tree growing to 15–25 m tall with a trunk up to 1 m diameter. The manna ash is an interesting species for forestry, as it can be considered a pioneer species, resistant to difficult climatic conditions, therefore suitable for the reforestation of arid and drought soils.
Quercia Rovere (Quercus petraea): Commonly known as the sessile oak, is a species of oak tree native to most of Europe. The sessile oak is a large deciduous tree up to 20–40 metres tall.
Tiglio Selvatico (Tilia cordata): It is a species of tree in the family Malvaceae, native to much of Europe. Tilia cordata is a deciduous tree growing to 20–40 m tall, with a trunk up to 1 m diameter. It is also well known as a melliferous plant and is foraged by bees.
Finial Whitepaper Review
Tree planting / Tagging
Marketplace Development update
Tree planting gallery update
Staking APR update
New burn mechanism update
If you have any question kindly contact us via email at cs@nerveFlux.io