As we continue to strengthen the foundation of InterSwap's long-term vision, our team remains dedicated to bringing the cross-chain liquidity to its highest potential. Here’s an update on our recent milestones, challenges, strategic corrective measures, and what lies ahead.

Reflections: Key Milestones

• Backed by the Axelar Foundation, blocmates, Castrum, Absoluta Digital, and more

• Product advancements: Incorporating and piloting new-age features across different modules

• User validation: Tested and trusted by 100,000+ lifetime on-chain users and 6,000+ MAU in Testnet and vibrant ongoing Beta Mainnet

• Capacity building and network expansion: 40+ Ecosystem enablers, 60+ Key Opinion Leaders, and quality advisors with us in this journey.

• Launch readiness: Product Mainnet ready, filled public sale (IDO) launchpads, onboarded market makers, and built a CEX pipeline taking us closer to launch & listings

Challenges and Resilience

• Market volatility: Recent market fluctuations have impacted retail and investor sentiment, posing challenges in user attraction, retention, and establishing Life Time Value (LTV)

• Social media setbacks: Unexpectedly, our X handle was taken down, necessitating a complete rebuild from scratch.

• Narratives taking precedence over product merit: Shifting narratives in the crypto space have made it difficult to maintain user focus on product merit, but we remain committed to our core vision.

Strategic Corrective Measures

• Recognizing the potential of AI, we've expanded our offerings beyond cross-chain swaps to incorporate AI use cases for better user experience.

• Introduced and piloted an innovative Liquidity Incentive Model (OLM) to encourage participation and investment.

• Enhanced token utilities: Revenue co-sharing, meta governance, gasless transactions, and other value-capturing modes, designed for sustainability and long-term growth.

Tokenomics re-alignment

In response to the shifting fundraising landscape, we've adapted our tokenomics to ensure financial runway and market alignment. This includes revising vesting schedules and conditions to balance equity and rewards for our early supporters.

Looking ahead

The TGE was originally targeted for Q1 2025. With the beta mainnet already in place, and key pieces plugged-in, we couldn't have been more motivated for the full mainnet, and token launch. However, we have opted to adjust this timeline due to market uncertainty and an unfavorable environment for price discovery and listings. This shift allows us to further fine-tune our approach, ensuring a stronger and more impactful launch when conditions align. We’re confident this decision will benefit our entire ecosystem.

Thank you for your continued support and belief in our vision. Your co-operation and trust is crucial to our collective success. We look forward to achieving these milestones together.

Stay tuned for further updates and enhancements as we progress toward a new future in DeFi!

Best regards,

Team InterSwap