IX Swap AMA Recap with Gains Associates

August 12th 2021

Julian Kwan, Co-Founder, and Aaron Ong, Co-Founder.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

IX Swap is the “Uniswap” for security tokens (STO) and tokenized stocks (TSO). IX Swap is creating the world’s first liquidity pools and automated market makers (AMM) for security tokens and tokenized stocks.

IXS is the native utility token for the IX Swap platform. Token holders will be able to stake their IXS token for a fixed income % on the IXS platform. taking IXS on the platform will also provide voting and governance functionalities for the IXS platform.

The platform will be the first DeFi platform to facilitate the trading of security tokens through licensed custodians and security brokers that will provide actual ownership and claim over these real-world assets.

IX Swap has partnered with major players in the industry including Titanium Technologies Group, InvestaX, and Atlas One Digital Securities.

Introduction

Q — Ayeley from GAINS: What did you do before crypto and what did you do before crypto and did you have any other previous venture in crypto? What is your role at IX Swap?

A — Julian from IX Swap: I have started 6 startups in blockchain, proptech, real estate and social media, all from scratch some successful exits. I went to China when I was 20 and stayed for 12 years, mainly in Shanghai and Beijing, now in Singapore as well, they were wild times at every level.

Since 2017 I have been 100% focused on STO and believe this is the biggest opportunity (alongside crypto) in the world today to be spending my days on.

I create new business opportunities in new markets and have a great team around us making it happen. IX Swap is the most exciting start-up I have co-founded yet, join us for the wild ride ahead, strap on your seatbelts crew.

A — Aaron from IX Swap: My background has primarily been in traditional finance and banking spending most of my career in Singapore doing investment management and advisory across multiple large private banks. I have been investing in crypto since early 2017 and have been fascinated with the industry ever since.

This is my first crypto-specific venture. However, since leaving the banks, I have been involved in the blockchain space working with digital securities and security tokens. I will be managing the business development and operations going forward.

About IX Swap

Q — Ayeley from GAINS: Tell us, what is the project about in a few simple sentences? For how long have you been working on IX Swap? And how many people are on the team?

A — Aaron from IX Swap: So very simply explained, IX Swap is the “Uniswap” of the STO/TSO industry, 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 security token (STO) & tokenized stock industry (TSO). The platform will be the first DeFi platform to facilitate the trading of security tokens through licensed custodians and security brokers that will provide actual ownership and claim over these real-world assets.

A — Julian from IX Swap: The story of IX Swap goes way further back. We have spent over 6 years developing the STO ecosystem infrastructure to build an end-to-end security token issuance company, and IX Swap then became the next stage of this STO infrastructure that we embarked to build. We started the IX Swap project early in the year and have been hard at work developing the platform.

Regarding our team. We are currently over 20 team members now; the teams’ profiles are available on Linkedin and will soon be available on our website (a website redesign is coming).

We were cautious when hiring new team members because we wanted the right mix of people from both the traditional and the new crypto world to build this out. The IX Swap team consists of entrepreneurs, capital markets, legal and blockchain experts. We are also publishing our job applications on Linkedin so be sure to follow us there!

Q — Telegram user Emi 💌: Do the liquidity pools for the security tokens work similarly to other AMM models? Can you explain the mechanism on IX Swap when security tokens holders request to provide liquidity?

A — Aaron from IX Swap: IX Swap is connected to licensed custodians and brokers in the AMM.

Q — Telegram user Chip Chip: The past few weeks have been a tumultuous time for STOs. Many major DEXs have completely removed stock tokens, such as Binance and Uniswap. So how can IX Swap safeguard these tokens given legal regulations since STOs will not be able to operate in a way that violates regulations?

A — Aaron from IX Swap: All removed because they were not structured properly and legally compliant, IX Swap is and won’t have these issues

Q — Twitter user @Ksalom95: You point out that we can transfer tokenized shares to other platforms, but could you really tell us which platforms would be where we can transfer these shares? Do they have the necessary volume and reliability to operate in them?

A — Julian from IX Swap: As an example, today, FTX is the largest crypto exchange trading tokenized stocks which are STO, InvestaX is an STO exchange licensed in Singapore and there are others in Hong Kong, London, and New York as well as other places, the STO industry is just beginning, IX Swap is positioned to help all these platforms create liquidity pools to dramatically increase the trading volumes like Uniswap did for crypto trading volumes on DEX.

Q — Twitter user @cryptoneco: Has the IX Swap team prepared a compliance plan by making the necessary tools for regulation and licensing?

A — Julian from IX Swap: As the team has been one of the first platforms in Asia focused on STO, we know all the necessary regulatory rules and frameworks to ensure a compliant operating platform

We have partnerships with leading STO custodians and STO exchanges to ensure trading and staking/custody is all 100% legal and also protects investors

Q — Twitter user @iracundito: I was reading that IX Swap users can only trade STO/TSO on licensed platforms. Exactly what do you mean by licensed platforms and for what reasons can we only trade on these types of platforms?

A — Aaron from IX Swap: Licensed meaning licensed to trade and handle securities. In most countries with developed capital markets, security licenses are provided by regulatory bodies to authorize broker-dealers, exchanges, and custodians to facilitate the handling of securities.

This is important because other platforms have tried to do this without a license and have been facing issues with regulatory bodies lately. There has been a ton of news about regulatory bodies classifying certain cryptocurrencies as security tokens (tokenized stocks included) in recent months. Binance is a recent example of that.

Q — Telegram user CE MM: Although IX Swap expects to see success for the STO model in the market, IX Swap has a vital difference with AMMs in DeFi: IX Swap introduces a third-party licensed custodian for security tokens, so how does this custody benefit your architectural model of STO?

A — Aaron from IX Swap:

Q — Telegram user Chip Chip: The past few weeks have been a tumultuous time for STOs. Many major DEXs have completely removed stock tokens, such as Binance and Uniswap. So how can IX Swap safeguard these tokens given legal regulations since STOs will not be able to operate in a way that violates regulations?

A — Aaron from IX Swap: We’ve partnered with licensed partners to avoid the issues with the regulatory body.

Token

Q — Ayeley from GAINS: What is the token use case and how does it capture the value of the ecosystem you’re building?

A — Aaron from IX Swap: Just before we get into that, the IXS token is a utility token NOT a security token. It will be freely available to trade on any cryptocurrency exchange or DEX.

So here are the features of the IXS tokens — IXS token holders will be able to stake their tokens on IX Swap to receive an interest rate as income. Platform earnings in the future will also be distributed to IXS token holders IXS token holders will also be able to stake their tokens for governance related to the activity of IX Swap — this will allow token holders to take part in the active growth and decision making of IX Swap IXS token holders will also receive priority access to new STO issuances on the InvestaX primary STO issuance platform.

On top of this, The IXS tokens also have a distinct deflationary economics function to ensure value is created for our token holders the more the platform is used. 5% of Fees will be sent to a permanently locked vault reducing the overall token supply. 5% of Fees will also be sent to a vault to purchase IXS tokens.

Rewards earned on the platform will be distributed over time to ensure token inflation is reduced. These factors will create a deflationary effect on tokens the more the platform is used.

Financial

Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Julian from IX Swap: Yes, we have been raising funds and we have completed our private sale. Regarding the handling, the private sale was massively oversubscribed but we had to make the hard decision of who we wanted onboard, and the private round investors were provided allocation on a strategic basis. We at IX Swap are committed to building out the STO ecosystem and are committed to the longevity of the project and we provided allocation to those who shared the same view.

With regards to future raises, we are currently finalizing the TGE event which we will be updating our community soon. So please join our social media channels for more updates!

Business Development

Q — Ayeley from GAINS: What stage is the project at?

A — Aaron from IX Swap: Basic MVP for Crypto trading is ready and is currently going through an audit, the testnet is ready and TGE will be coming up soon! Testnet Address

We also update our community on what we have been up to in the last month so to always keep up with us be sure to look out for Mission Update articles. These articles will be pushed out each month on Twitter and Linkedin.

Sneak peeks of upcoming updates and features are available in the article Here is the Mission update for August.

Thanks for coming in today guys. It was a pleasure having you in our group, and taking the time to answer our questions. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS Associates 🐋

Thanks everyone. Much appreciated. Please follow the channels for all the updates

Deck | Website | Telegram | Twitter | Linkedin | Medium | Litepaper | Tokenomics — Julian Kwan from IX Swap

Join our community on Telegram to ask questions and stay up to date.

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 be the first DeFi platform to facilitate the trading of security tokens through licensed custodians and security brokers which will provide actual ownership and claim over these real world assets.

Website | Telegram Ann | Telegram | Twitter | Linkedin | Medium | YouTube

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IX Swap

IX Swap

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IX Swap is a DeFi platform that provides issuance, listing, and trading services for security tokens (STOs) and fractionalized NFTs (F-NFTs). www.ixswap.io