Strategic IX Swap Roadmap Adjustment

Announcement
Strategic IX Swap Roadmap Adjustment

Hello, IX Swap community! As our upcoming STO Swaps launch is drawing nearer, we would like to take this opportunity to inform everyone that there will be some changes in our roadmap.

For one, we’ve bumped up our STO Swaps Polygon integration from Q2 to Q1. 

This is good news as you can now approve, stake, and confirm STO Swaps transactions at a significantly lower cost and much faster speeds from the moment we launch the STO Swaps platform on March 31, 2022.

On the other hand, due to strategic reasons and unforeseen events, we will be moving our F-NFT Primary and F-NFT Swaps launches to Q2 of this year instead of the initially planned Q1 releases. This is mainly due to the current geopolitical situation, which has led to reduced engineering support over the last month.

Our F-NFT smart contract has also been submitted and is in audit queue, which will take some time to complete. A smart contract audit completion will ensure that we observe above-industry standards when it comes to the safety of our F-NFT platform and the security of our user accounts once we launch this part of our roadmap.

For a short background, F-NFT Primary allows the primary issuance of fractionalized NFTs. This means owners of NFTs will be able to conduct primary raises through fractionalized NFTs and the primary raise will have a direct contribution to our liquidity pools through a Fractionalized Market Proposal (FMP).

Meanwhile, the F-NFT Swaps will allow secondary trading of fractionalized NFTs subject of the Fractionalized Market Proposal.

These roadmap adjustments for our F-NFT functions will ensure that our development team will have sufficient time to work on all aspects of our F-NFT services despite the reduced workforce. 

We hope these clear things up, and if you have more questions, please don’t forget to join us in our upcoming Telegram community AMA on March 29, 2022 (Tuesday) at 14:00 UTC. 


About IX Swap

IX Swap is a next-generation platform that leverages DeFi services backed by CeFi regulatory compliance to facilitate safe and convenient issuance, listing, and trading of security tokens and fractionalized NFTs.

By bridging the gap between traditional finance and innovative blockchain-based solutions, IX Swap is paving the way in democratizing access to traditional financial markets that have never been done before.

Telegram Announcement | Telegram | Twitter | LinkedIn | YouTube

More Articles

The Howey Tez Story

The Howey Tez Story

Howey Tez is Bored Ape #2371 of the highly sought-after blue-chip NFT collection Bored Ape Yacht Club, and he was acquir...
News