1H2022 RoadmapMillennials are not interested only in doing videos on a social media platform like TikTok or finding a “quick way how to make money online.” Data reveals that Millennials in the U.S. are increasingly more heading towards alternative financial services like bitcoin to improve their financial balances.

A report named The State of Customer Banking & Payments released by Morning Consult in January found that Millennials are embracing modern technologies to help them make financial decisions more than any other generation.

The writer of the report, financial services expert Charlotte Principato, collected data from 50,000 different participants to monthly surveys performed in the United States and worldwide from July to December 2021.

Principato mentioned in an email to Cointelegraph that the increase in usage of cryptocurrencies in 2021 was an outlier among the statistics that caught her eye when preparing the report.

By December last year, around 48% of Millennial individuals owned cryptocurrency, up from just about 30% in June. During the same period, 20% of all adults in the United States admitted to holding cryptocurrencies.

Source: Morning Consult

Millennials’ use of alternate payment services such as cryptocurrencies may be because they struggled with financial well-being scores that kept standing lower than the nationwide standard since June 2021, the report claims. The global standard by last December was 50.98, but the Millennial generation was standing lower– at 49.54.

Principato told Cointelegraph that lower financial well-being scores were a pattern she observed over the past seven months. She attributes the decline to the new variants of the COVID-19, and increased inflation in the United States, which is yet to be fully recovered.

Source: Morning Consult

Morning Consult’s website says that the financial well-being score is identified by a scale that “includes 10 questions for gauging present and future security and freedom of choice, touching on consumers’ control over their finances, their capacity to absorb financial shocks and their trajectory to meet their financial goals.”

While Millennials, generally, lead the way, crypto holders are disproportionately high-earning Millennial men. 70% of Millennial males use crypto, with 25% of them earning over $100,000 per year.

Remarkably, Hispanic people have a higher rate of crypto usage than their representation in the general adult population. Around 16% of all U.S. adults are Hispanic, however, they make up 24% of all crypto users.

As cryptocurrency became more popular throughout 2021, respondents from every generation– from Baby Boomers, Gen Xers, Millennials, and Gen Z– were increasingly likely to consider purchasing cryptocurrencies from exchanges in the United States.

These findings lead us to conclude that cryptocurrencies will keep blooming in 2022. The further adoption of crypto and onboarding of younger generations will be two major aspects that may lead to a potential boom.

2021 was the year when Sat.is started. 2022 will be the year when Sat.is takes off.

After a year of development, Sat.is was finally introduced to the public in late 2021. We successfully launched our Alpha Testnet and saw over 6,000 unique wallets interacting with it.

Of course, this is just the starting point.

Going into 2022, we have lots of plans lined up to create and develop the best multichain orderbook DEX for the interoperable future.

Q1

The Building Process Continues…

From the feedback gathered during the Alpha Testnet, we continue to build out and upgrade the Sat.is trading interface. New features will be added to enhance user experience.

User Experience Survey and Research

We will conduct a two-phase survey to examine user experience on the current Sat.is trading platform. Phase 1 involves asking volunteers to complete a comprehension survey. Phase 2 involves A/B testing and multivariate testing where volunteers are given a task-based questionnaire and are asked to screen record their interactions with the Sat.is trading interface. This would greatly boost our understanding on how volunteers intuitively use the Sat.is trading interface. With the survey results, we proceed to conduct deep scientific research to develop the most optimal user interface for Sat.is.

Content-related Activities

We plan to hold several content-related contests throughout Q1 in the community. Faithful supporters and winners will be rewarded.

Strategic Partnerships

While we are building out our roadmap, we will also be seeking out strategic partnerships with investors, projects and protocols that can form synergy with Sat.is.

Q2

Sat.is Private Beta Testnet Launch

We scheduled the launch of Sat.is Private Beta Testnet to be in Q2. The testnet will be equipped with most of the features planned and be on multiple chains including Arbitrum, Optimism and Boba. Instructions and eligibility to participate in the Private Beta Testnet will be disclosed in due course.

Sat.is Public Beta Testnet Launch

The Public Beta Testnet is finally here! Get a feel of the advanced Sat.is trading interface before Mainnet Launch.

Apart from the events listed, we have other plans in mind that will be revealed at the appropriate moment. We aim to under promise and overdeliver!