What is IX Swap (IXS)?
IXS token is the native token of IX Swap, which is a next-generation DeFi platform that combines a variety of services. It is supported by CeFi regulatory compliance in order to allow the safe and simple issuance, listing, and trading of IX Swap crypto assets and fractionalized NFTs. IX Swap is democratizing access to conventional financial markets by bridging the gap between traditional finance and creative solutions based on blockchain technology. Therefore, the IX Swap price plays an important role in it.
Check out the IX Swap price chart above. It features the current and the previous IXS price.
Security Token Exchange, which is a DEX that allows users to trade security tokens and other crypto assets, is one of the key products of the platform. Also, the platform acts as a Liquidity Solution for Security Tokens (SaaS), which means that IX Swap can be used by other security token platforms that seek liquidity. Moreover, IX Swap provides users with staking and liquidity mining possibilities.
Besides the aforementioned features, the IX Swap crypto project also plans to launch IXS Launchpad, which will be a next-gen crowdfunding platform, and Fractionalized-NFTs platform.
Use Cases of IXS Tokens
IXS token has various use cases within the IX Swap ecosystem. For starters, it serves as an incentive for users who contribute to the development of the ecosystem.
Also, IXS token holders have the ability to stake their holdings in order to obtain a portion of the exchange fees. In addition to that, IXS holders get other benefits, such as discounts on services offered by the project.
Moreover, providing liquidity to IX Swap crypto pools with IXS tokens provides users with increased returns in comparison to pools that are not paired with IXS.
Lastly, IXS tokens can be used as a payment method within IX Swap services.
Don't forget to check the live IX Swap price chart. Knowing the main trends in the IXS price will help you to make more informed purchasing decisions.
Who Founded IX Swap?
The IX Swap crypto project was founded by Julian Kwan, Aaron Ong, and S. Alice Chen.
Julian Kwan is a successful entrepreneur who has founded seven companies. His previous ventures include those in the fields of social media and technology, property investment and development, and blockchain technology.
Aaron Ong has worked at top-tier institutions including UBS, DBS, and the Bank of Singapore. From his previous job positions, he gathered over eight years of expertise in the capital market and investments. Aaron offers advisory services and investment opportunities throughout the whole spectrum of asset classes, including conventional financial instruments and cryptocurrencies.
S. Alice Chen is an experienced lawyer who has worked in a variety of business and legal capacities across a range of countries for more than 17 years. She has prior experience working for significant worldwide corporations including DLA Piper and Skadden Arps, among others.
Other leading members of the team are Alexander Cucer, who is the CTO of IX Swap, and John P. – an advisor.
Tokenomics of IXS
The max supply of IX Swap coins is 180 million. The limited supply itself is a promising factor considering the future IXS price. However, in addition to that, IXS has a built-in deflationary mechanism. The exchange features two vaults – Moon and Solar. A portion of network fees gets transferred to these vaults. The transferred tokens remain locked in these vaults indefinitely, hence, lowering the total token supply and increasing the IX Swap price.
