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Monthly AMA June 2024: Updates and Developments On Our Journey Back to Base
Before we begin, we’d like to start by thanking our wonderful IXS community. Every update and development on IX Swap is for you, our users.
With your continued support, IX Swap is primed to be the world’s leading RWA tokenization platform. So without further ado, here is a recap of our latest and upcoming developments.
RWA Market Sentiments
Julian highlighted the explosive growth in the Real World Assets (RWA) space, especially with projects involving treasuries, money market funds, and financial instruments used by Wall Street and crypto hedge funds.
Despite the crypto market meltdown, there has been a surge in interest in yield-bearing instruments.
IX Swap was initially focused on becoming the Uniswap for RWA tokens but found that many early RWA tokens lacked quality. This led to the development of their launchpad to create more liquidity pools.
Base, Staking, and Exciting Developments
IX Swap is integrating with BASE, a layer 2 solution by Coinbase, to enhance cross-chain compatibility and user activity for $IXS and RWA tokens.
A new liquidity bootstrapping pool (LBP) mechanism has been developed for fairer launches of RWA tokens.
Aaron discussed the new incentive program, including a staking system and MLM system.
Significant progress has been made with the BASE migration, expected to be completed once the staking system is ready.
SaaS developments are underway for real estate and other asset managers, allowing them to use IX Swap's backend while customizing their front-end interfaces.
IX Swap recently successfully funded CKGP, a $500,000 raise on the IXS Launchpad, doubling our TVL and demonstrating IX Swap’s real use case.
Regional Focus and Marketing Efforts
The Philippines and South Korea are key markets due to their high user engagement and demand for global retail access to tokenized assets.
The marketing strategy emphasizes accessibility, with many small-scale investors participating in recent deals.
The platform's unique value proposition is its ability to provide global retail access to tokenized assets, solving a major issue for issuers in these regions.
Treasurer's tokenized luxury wines are officially on the IXS Launchpad
Future Plans
The team is focused on product development and sales, with significant interest from both DeFi and TradFi investors.
New listings on top-tier crypto exchanges are being pursued, despite high costs and competition.
The platform is also in discussions with centralized exchanges to help them legalize and issue RWA assets.
Closing Remarks
With Q2 coming to a close, the IX Swap team is brimming with anticipation for what we hold in store for our IXS community in Q3. Stay updated and join us in our channels, as we begin rolling out official announcements on these developments!