January shaped up to be one of the most exciting and productive months for IX Swap as we get closer to our highly anticipated STO Swaps mainnet launch.
Our team has been working extra hard behind the scenes to ensure that everything is set, all the needed testings are completed, and deliverables are accomplished.
Here are some of the highlights and significant updates that our different departments have been working on during this time.
Creation and Import of NFTs – We’re almost ready to release the initial and base functionality of our NFT platform to give our users the ability to create their own NFTs on IX Swap and import their existing collections. This is the first step on our roadmap in building our NFT infrastructure with fractionalization and market and buyout functions.
SEC Tokens Catalogue and Listing – We will soon release a catalogue of security tokens where users can find the different STOs and list their own. Starting this time, we’ll be open to receive and process listing requests from primary issuers.
Risk Mitigation Script – During the month of January, we worked on implementing a special risk mitigation script that should protect our pools from abnormalities and MEV attacks. This script will analyse the transaction before it goes to the blockchain and decides whether it’s safe or not.
Updated Tokenomics – The wait for our updated tokenomics is almost over. Stay tuned because we will be releasing the latest version very soon.
Pitch Deck Upgrade – We have updated our product lines to focus on partnerships and potential listings on IX Swap, including KYC compliance checks and documentation.
New Staking Programs – We look forward to rolling out new bigger-than-ever staking programs that will include weekly compounded staking contracts and long-term staking options in the weeks ahead.
- Stress Testing – We have been conducting stress testing of our different models across different assets, as well as the effectiveness of our mitigation function on pool behaviours. The results have been conclusive, and the mitigation function has done well when it comes to the reserve range, starting from $35k in our base case scenario where tokens follow the same distribution and have the same frequency of transaction. It has been determined and concluded in our series of testing that for each distinct reserve range, there is a threshold above which the proportion of blocks become much higher, which ranges between 10% – 15% of the pool size.
- New Campaigns – January has been a rough month all across the board, with Bitcoin dipping to as low as $33k. The unfavourable market condition has prompted us to adjust our calendar and re-schedule some of the marketing campaigns that we have initially set. However, we will move forward with our marketing plans in February, so expect new campaigns coming soon.
Team Growth – We are glad to announce that we have scaled up our community team by onboarding a community manager and six (6) new community moderators. Welcome to the IX Swap fam!
Upcoming Competitions – We can’t thank our community enough for the support, and to extend our appreciation for our day ones, we launched two contests in January, with two more giveaways planned for the month ahead. We also have more giveaways planned in collaboration with other accounts on Twitter so stay tuned, follow @ixswap for more updates, and don’t forget to join our TG channels at https://t.me/ixswapofficial and https://t.me/IXSwap (for announcements).
Twitter-Hosted AMAs – We have seen strong community presence and growth on Twitter and will be dedicating a significant part of our marketing push using this crypto-centric platform. We have planned our next AMAs to happen on Twitter Spaces, and are also collaborating with our partners to conduct joint Twitter AMAs – to be announced at the beginning of February.
Ambassador Program – We are developing an ambassador program, which is set to launch in the second week of February. This will help further strengthen our community and reward them for contributing to a project they are passionate about.
These are the latest updates that we can share for now, but we are also working on several other things we can’t reveal as of yet due to marketing and/or strategic reasons.
Make sure to keep an eye out on our Twitter and Telegram channels to stay up to date with our upcoming news and announcements.
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About IX Swap
IX Swap is the “Uniswap” for STOs and TSOs, the regulatory and liquidity solution for security tokens and tokenized stocks.
IX Swap will be the FIRST platform to provide liquidity pools and automated market-making functions for the STO/TSO industry. The platform will facilitate the trading of security tokens through licensed custodians and security brokers which will provide actual ownership and claim over these real-world assets.