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Monthly Update: July 2023

IX Swap is the Uniswap of RWAs and $IXS is our platform token.

July 2023 BLOG

KuCoin RWA Tokenization and Liquidity Boost

The team has been addressing the RWA tokenization issue with KuCoin, specifically the lack of effective tagging and increased trading volume. KuCoin has requested more trading volume but hasn't provided sufficient support so far. To overcome this, upcoming marketing strategies are being designed to enhance trading volume and liquidity for tokenized assets on the platform. By focusing on tokenized real-world assets (RWA), the platform aims to attract more participants in the decentralized finance (DeFi) ecosystem.

DWF Labs Investment in RWA Tokenization

DWF Labs invested in IX Swap last year and continues to act as a market maker for the platform. Their support has facilitated the tokenization of real-world assets (RWAs) and contributed to the expansion of DeFi capabilities. Ongoing fundraising activities have gained significant traction, attracting investors who are interested in tokenized real-world assets and RWA tokenization. This investment further strengthens IX Swap’s position in the growing DeFi space.

Expansion into the Korean Market

Expanding into the Korean market requires finding suitable partners and addressing technical integration challenges. As competition between jurisdictions increases, the tokenization of real-world assets (RWAs) has gained momentum. With the rise of decentralized finance (DeFi) platforms and RWA tokenization, South Korea presents a promising market for tokenized assets, enabling investors to engage with RWAs in new ways.

Bug Bounty Program and KYC Bounty

Our team has discovered several interesting bugs, and smart contract audits are now complete. The KYC bounty program will soon be launched, encouraging community involvement through influencer partnerships. By rewarding participants who help promote KYC bounties, we aim to enhance the tokenization of real-world assets (RWAs) and ensure that all tokenized transactions are secure and compliant with regulatory standards.

Marketing Initiatives to Promote RWA Tokenization

To boost the visibility of IX Swap, the team plans to engage influencers and trading groups that focus on RWA tokenization. This includes incentivizing community involvement with initiatives such as burning IXS tokens and launching a platform dedicated to the tokenization of real-world assets. The Launchpad for RWA Tokens will serve as a key milestone in promoting DeFi as a viable platform for tokenized assets.

Future Listings and Stablecoin Pairs for RWA Tokenization

Future plans include offering European stablecoin pairings for the platform, enabling the seamless tokenization of real-world assets (RWAs) through stablecoins. The team is closely monitoring the demand for cross-chain integration and will work towards wrapping IXS tokens on other chains to enhance accessibility. By enabling more diverse tokenized assets, we aim to continue expanding the DeFi ecosystem.

Leverage Trading and Future DeFi Strategies

While leverage trading is currently available on KuCoin, it is not a priority due to the potential risks involved with trading tokenized real-world assets (RWAs). However, as the platform becomes more stable and established, leverage trading for tokenized assets will likely be reconsidered. This aligns with future strategies for growing the RWA tokenization ecosystem in the DeFi space..

Conclusion

By focusing on RWA tokenization and the expansion of DeFi, the platform is positioning itself to be at the forefront of tokenized assets and real-world asset integration. With ongoing marketing initiatives, investments from industry leaders like DWF Labs, and strategic expansions, the future of RWA tokenization looks promising.

Get the full update from our July AMA below: