IX Swap ($IXS): Revolutionizing RWA Trading in the DeFi Space
In the ever-evolving world of DeFi, IX Swap ($IXS) is making waves as a go-to platform for trading Real World Asset (RWA) tokens. Dubbed the "Uniswap for RWAs," IX Swap is poised to bridge the gap between traditional assets and the crypto world.
IX Swap boasts a strong regulatory foundation, with licenses in Singapore and the Bahamas. The project has garnered support from heavyweight investors, including Coinbase.
In 2023 IX Swap was acquired by InvestaX, a Singapore-licensed tokenization Software-as-a-Service (SaaS) solution. InvestaX recently became the first licensed RWA tokenization platform built on Coinbase’s blockchain, Base. These events have expanded IX Swap's product portfolio and paved the way for IX Swap’s integration with the Coinbase wallet, further enhancing the product’s accessibility and utility.
IX Swap is not just about trading; it's about democratizing access to real-world assets. The platform offers a launchpad allowing investments as low as $1, making it accessible to a wide range of investors.
Additionally, IX Swap plans to introduce staking with attractive benefits, including RWA token airdrops.
$IXS Token
The $IXS token, with a total supply of 180 million and 167 million in circulation, is designed with deflationary mechanics.
These are main features of the $IXS token:
The token is deflationary courtesy of the use of buyback/burns from fees
Holders receive discounted fees by paying with IXS
Staking rewards
Governance/LP rewards coming soon
Investment Potential
At 22/7 we firmly believe in IX Swap's potential and are holders of $IXS.
With actual licences in hand enabling tangible access to liquidity, IX Swap has first-mover advantage in the secondary trading of RWA token.
On the potential, IX Swap is positioned to create fully legal and compliant liquidity pool for a fresh wave of RWA tokens. Moreover, these tokens can then be traded on IX Swap: a fully regulated DEX.
It's important to note the current low liquidity of $2.1M as a risk factor.
To conclude, our tl,dr consideration on IX Swap.
‘Uniswap of RWA’ with first mover advantage in secondary trading of these tokens
They have build a regulatory/licensing moat which enables them to faciliate pools for anyone to launch RWA pool
Coinbase is an investor
B2B strategy. IX Swap can be integrated with any CEX (i.e. Coinbase integrating tech for users to trade RWA directly on Base in a compliant way)
Aside from all of the above, IX Swap has also built a strong community of holders who evangelise the product to the wider investing community
We are hiring a Junior Analyst
We are seeking a talented and motivated Junior Analyst to join our team.
Title: Junior Analyst - Crypto Projects - Company: 22/7 GP (227.fund)
Location: Remote
Job Type: External Contractor
22/7 is a forward-thinking private investment fund specializing in web3 projects ready to shape the future of the Internet.
Our passion is identifying and supporting innovative blockchain projects with the potential for breakthrough growth.
We are seeking a talented and motivated Junior Analyst to join our team and contribute to the research and evaluation of promising crypto projects. As an Analyst, you will play a crucial role in identifying and assesing potential investment opportunities, leveraging a variety of online tools and data sources. This position offers a unique opportunity to gain hands-on experience in the innovative and rapidly-evolving crypto industry.
Responsibilities:
1. Research and Analysis
- Conduct in-depth research on various crypto projects using online tools such as social media platforms (Crypto Twitter, Discord) and on-chain data sources (Nansen, TokenTerminal, L2Beat) as well as AI tools.
- Evaluate project fundamentals, including team background, technology, adoption, tokenomics, and market positioning.
2. Project Funnel Creation and Documentation
- Develop and maintain a robust funnel of potential projects for consideration by the fund.
- Identify key metrics and criteria for project selection, ensuring alignment with the fund's investment strategy.
- Maintain detailed documentation of research findings, analyses, and project evaluations.
- Prepare reports and summaries for internal and external stakeholders.
3. Trend monitoring
- Stay informed about market trends, news, and developments within the crypto space.
- Monitor and analyze the performance of existing portfolio projects.
Qualifications:
- Strong interest and understanding of the cryptocurrency and blockchain industry.
- Familiarity with online tools and platforms commonly used in crypto research.
- Excellent analytical and critical thinking skills.
- Strong communication skills, both written and verbal.
- Ability to work independently, collaboratively and proactively.
- Detail-oriented with a high level of accuracy in work.
How to Apply:
If you are passionate about the crypto space and possess the skills and qualifications outlined above, we invite you to get in touch via our website 227.fund/contactus (check ‘talent’). Feel free to send us your CV and socials; or email at talent [at] 227 [dot] fund
In your application, please include 1) your CV and 2) provide a short summary of one contrarian view you hold on anything crypto related.
Empyreal: The Gateway to Blockchain Innovation - A 22/7 Investment Perspective
With the increasing adoption of blockchain technology, the demand for efficient and user-friendly tools to harness its potential has grown significantly. However, despite the growing demand, it's evident that most of these tools remain lacking in usability and functionality. At 22/7 we believe that the next big investable opportunity in Web3 are projects that aim to dramatically reduce friction for developers and users alike by providing such types of toolkits.
This insight is what drives EmpyrealSDK, an innovative project that aims to bridge the gap between the rapidly expanding Web3 landscape and traditional developers. EmpyrealSDK offers an intuitive interface for developers who may not be familiar with blockchain-centric languages like Solidity, thus driving widespread adoption and fostering innovation within the crypto space. Additionally, it streamlines the creation and management of decentralized applications through a modular approach, real-time data streaming, flexible automation, and end-to-end privacy features.
Simplicity and Versatility: EmpyrealSDK aims to democratize the crypto space, much like how Shopify revolutionized ecommerce and Stripe streamlined payment processing for everyday users. With this SDK, Empyreal empowers developers, irrespective of their blockchain knowledge
Modularity: EmpyrealSDK takes a unique modular approach, employing distinct modules within the SDK. These modules function as self-contained units of execution and can be stacked as needed to create or support individual products. Each module simplifies and encapsulates a specific functionality, such as the swapping mechanism in the DEX module. This approach minimizes the requirement for users to possess extensive knowledge of smart contract architecture or specialized domain expertise.
Use cases: The versatility of EmpyrealSDK goes beyond specific use-cases like bots and applies to any blockchain application that requires automation. While existing frameworks may not provide comprehensive solutions for certain tasks, such as setting limit orders, EmpyrealSDK aims to offer a robust framework. This framework enables users to develop trading strategies or automate any blockchain interaction. Empyreal’s ultimate goal is to create a framework that is comparable to Apache Airflow in Web 2.0 development. It will be capable of managing automation for users and facilitating the creation of complex, potentially interconnected pipelines. These pipelines can trigger actions within a Web3 environment, empowering developers to build larger-scale applications.
Security: The toolkit is enhanced by the Enclave, a product that prioritizes wallet abstraction, privacy, and security. EmpyrealSDK and the Enclave work together to make Web3 development more accessible, efficient, and cost-effective.
While Empyreal is a fantastic product, it also offers enormous investment potential. Here’s why.
Product Market Fit: Empyreal’s unique offering creates value for both developers and users. Its SDK rapidly accelerates development, removes complexity and provides delightful user experiences. As the ultimate ‘picks and shovels’ infrastructure project, it has the potential to transform many wide-ranging areas such as trading, user privacy, yield management and automations.
Experienced Team: Ex-FAANG, worked on blockchain projects both independently and within larger organizations. Extremely fast-moving and laser-focused on delivering on the roadmap.
Partnerships: The partnership strategy has two distinct but symbiotic approaches: integrate-in and integrate-out. The former addresses onboarding other protocols into the SDK to improve its versatility (e.g. Orderly for perps). While the latter, is naturally focussed on driving adoption of the SDK in the market. Imminent release of the SDK will drive ‘bottom-up’ adoption, while current discussions with some of the top projects and protocols are geared at establishing ‘flagship’ partnerships from the outset.
Community & Marketing: Empyreal has built a smart, loyal and supportive community. This organic growth has been amplified by strong hires to increase frequency, quality and transparency of comms. We’ve been especially impressed by the recent rebrand paired with the white paper release.
As a sign of our conviction in the Empyreal team and product, 22/7 are actively supporting Empyreal in their strategic, operational, business development and marketing efforts. 22/7 brings a wealth of business expertise and experience to the table, and we are excited to leverage that knowledge alongside the Empyreal team. A member of our team is an integral part of the day-to-day running of the project, helping accelerate it across key strategic and operational workstreams.
In conclusion, 22/7's commitment to Empyreal extends far beyond a financial investment. We view ourselves as key partners in Empyreal's evolving journey to success..
We couldn’t be more excited for what’s next!
Stargate: A Native Asset Bridge Revolutionizing Cross-Chain Transactions
In the rapidly evolving world of blockchain technology, seamless interoperability between different chains has been a long-standing challenge. Traditional methods of bridging between chains often come with significant drawbacks such as high fees, bridging risks, and slow transaction times. However, in 2022, a groundbreaking solution emerged in the form of Stargate, a native asset bridge built on LayerZero.
Before Stargate, bridging assets between different chains was far from ideal due to downsides like costly fees, bridging risks (exploits), and lengthy transaction times. One of the key strengths of Stargate lies in its utilization of LayerZero, a powerful infrastructure that unifies liquidity across all chains. As a result, assets transferred from Chain A are received on Chain B, mitigating the risks associated with cross-chain transactions. Features such as speed, the ability of participants to stake their assets into single-sides pools and the ability for transacting in native assets (eliminating the need for intermediary tokens such as WETH) give this project a competitive edge and make it an interesting proposition for 22/7 LP.
The project is led by Bryan Pellegrino, the CEO, and Co-Founder, along with Ryan Zarick, Co-Founder, and CTO. Their expertise and commitment have driven the platform's innovation and growth which has been remarkable. Revenue has been surging throughout 2023, reaching an ARR of $20.83 million. Additionally, active daily users have surpassed 52,600 users. The platform's daily transactions have skyrocketed from under 4,000 in March to over 200,000 currently, accompanied by a surge in daily volume from $4 million to $100 million.
Having garnered support from reputable investors, including Sequoia Capital and a16z, the platform's native tokens, $STG and $veSTG, play a crucial role in its ecosystem. $STG token holders have governance rights over the protocol and can participate in providing liquidity.
In summary, Stargate has revolutionized cross-chain transactions, providing a solution that addresses the shortcomings of traditional bridging methods. As the platform continues to expand its capabilities and reach, it promises to shape the future of cross-chain liquidity. With its impressive growth, dominant position in the market, and strong team of supporters, Stargate Finance is poised to lead the way in the rapidly evolving blockchain landscape.
