From the Initial Early Access Phase, Testnet to RWATA Launch, here’s everything we shipped this year.
As 2023 winds down, Aconomy reflects on a year filled with milestones, community growth, and strategic partnerships. From the early stages of development to the launch of the RWA-backed DEX, here's a comprehensive recap of Aconomy's journey in 2023.
Long before the asset tokenization market boom, we were working on building a future of decentralized, RWA-backed DEX. This year, we have achieved this goal by laying the groundwork for Aconomy, a truly decentralized RWA-backed DEX. It empowered asset owners to tokenize their assets into asset NFTs and trade them on-chain
Here's a look back at all the exciting milestones we achieved in 2023!
The Evolution of Aconomy: A Product Development Saga
Before developing Aconomy, extensive market research revealed challenges like limited market access and liquidity issues for real-world asset owners. These insights led to building Aconomy: https://earlyaccess.aconomy.io/, an RWA-backed DEX for direct on-chain asset tokenization and trading, with a vision of a greener, more circular asset economy. This vision guided the development and refinement of our test product, informed by user feedback and interviews, laying the groundwork for our innovative solution. With this backdrop, we are listing all the details of product development below.
Product Development Journey: Building Aconomy Step-by-Step
Quarter 1: Ideation and Wireframes
Quarter 2: Design Finalization and User Interviews
Quarter 3: Laid the Groundwork for Aconomy's User Experience and Core Functionality
Quarter 4: Enhanced Functionality and User Experience
Release of Aconomy V1
Revealed Aconomy, a truly decentralized RWA-backed DEX - the first opportunity for our audience to glimpse the future of asset tokenization and on-chain trading.
We rolled out early access to Aconomy, exclusively for our Early Supporters in tranches, offering these adopters a firsthand experience of the Asset Economy.
Launched Aconomy Open Testnet, an inclusive asset tokenization platform inviting everyone to explore, create, and trade asset-backed NFTs of their RWAs.
Responding to community feedback, we enhanced Aconomy's User Interface, making it more intuitive and user-friendly to ensure effortless navigation and utilization of its features.
Released Aconomy Ambassador Program powered by Pandora Finance, encouraging global community involvement in shaping the on-chain Asset Economy.
The Aconomy Journal was introduced as a knowledge hub for insights on tokenized assets, DEX, real-world assets, and beyond, emphasizing our focus on community education.
We provided additional opportunities for members to join an elite group and gain exclusive early access to Aconomy.
Celebrating the Aconomy Testnet launch, we hosted the biggest $4000 USDT airdrop on Zealy, inviting widespread community participation and engagement with Aconomy.
Every Friday turned into a day of enjoyment and rewards with our FunFriday Program, creating a sense of continuous excitement and community bonding.
Hosted a variety of engaging campaigns like Meme competitions and RWA quizzes to foster knowledge, creativity, and active participation, strengthening the bond within our community.
At WTS 2.0, Aconomy's CEO Pushkar Vohra discussed decentralized asset tokenization and Aconomy updates,
while Operations Lead Sakshi Chauhan chaired a panel on 'Women in Web3,' focusing on their role, challenges & the path to equitable Tokenization.
Our CEO, Pushkar Vohra, collaborated with industry leaders like Hakan Sezikli, Daniel Coheur, and Zahid Mir to establish RWATA, demonstrating our commitment to fostering growth in the RWA ecosystem.
As a Community Partner in the Web3 Carnival, Aconomy played a key role in enlightening the audience about the intricacies of real-world asset tokenization and on-chain trading.
Pushkar Vohra's engagement in a panel discussion at MC2Fi brought forward Aconomy's vision and strategies for RWAs in the upcoming market trends.
The participation of our Founder & CEO at Token2049 in Singapore was a significant stride - discussing the importance of bringing RWA on-chain and decentralized asset trading at the BG Trade event.
Our Founder & CEO attended GITEX Global and the World Blockchain and interacted with key industry leaders and RWA advocates, discussing the potential of blockchain-powered liquidity in multi-asset classes and the emerging era of dematerializing RWAs.
As a Gold Sponsor at WTS, Aconomy showcased its asset tokenization platform, demonstrating how users can tokenize and trade RWAs on-chain.
Claiming aconomy.bit as our Digital Identity on @dotbitHQ was a significant step in enhancing our brand's digital footprint.
As the year 2023 draws to a close, Aconomy is well-positioned for ongoing expansion, innovation, and community collaboration. The journey so far has been marked by achievements that solidify Aconomy's position in the evolving era of decentralized asset tokenization. With a steadfast commitment to empowering the asset economy, Aconomy eagerly anticipates the opportunities and challenges that the new year will bring. Stay tuned for more updates and new developments in 2024!
Innovation in Real-World Asset Tokenization: Aconomy's approach to RWA-backed DEX demonstrated innovative solutions to challenges in the asset tokenization market, emphasizing a greener, more circular asset economy.
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In 2023, Aconomy achieved several key milestones, including the launch of Aconomy V1 on Polygon Mumbai and Arbitrum Testnet, early access rollout for early supporters, the introduction of the Aconomy Open Testnet, and significant user interface enhancements based on community feedback.
Aconomy's product development in 2023 included developing a user-friendly frontend interface, integrating with Coinbase, MetaMask, and Wallet-Connect for user onboarding, implementing smart contracts for a comprehensive RWA-backed marketplace, implementing gasless minting with Gelato Relayer, KYC & KYB services integration, in-app messenger development, and multi-blockchain deployment.
Aconomy introduced several community engagement initiatives in 2023, such as the Aconomy Ambassador Program, Aconomy Journal for knowledge sharing, $4000 USDT Airdrop, the FunFriday Program for weekly community bonding, and various interactive campaigns like meme competitions and quizzes.
Aconomy expanded its global presence by participating in key events like the World Tokenization Summit 2.0, engaging in panel discussions at MC2Fi, showcasing at the World Blockchain Summit, and associating with platforms like RWA.xyz and Tokeny to enhance accessibility to its updates and features.
In 2023, Aconomy formed strategic partnerships, including a significant collaboration with Adamant to integrate their decentralized messenger, enhancing secure communications in its network. Additionally, Aconomy's involvement in founding RWATA marked a crucial step in fostering the RWA ecosystem's growth.
Aconomy is a decentralized asset tokenization platform that empowers individuals to seamlessly tokenize and trade their real-world assets on-chain. With a vision to foster a parallel on-chain asset economy, Aconomy enables its users to tokenize real-world assets ranging from vintage watches and luxury art to rare books. As an asset tokenization company, Aconomy is revolutionizing interactions with tangible assets by democratizing on-chain asset ownership through the dematerialization of RWAs. With the focus on enhancing liquidity in real-world asset classes, Aconomy enables the asset validators to stake their validator collateral (if required) in USDT in asset-NFT to not only validate & vouch for the asset's authenticity but also transform them into Pi-NFT (with 1:1 backing & induced liquidity). This transformation opens up a pathway for numerous asset trading opportunities on-chain like selling, auctioning, lending, swapping, and redeeming - all in a secure and transparent manner, which are not often available in the traditional economy.