XIXOIO’s rich product line consists of 11 solutions, ranging from remittance services for fiat and cash transactions, AML compliance CloudWare gateway, through banking solutions, legal services, stock exchange and banking, to cryptocurrency association think-tanks.
Their main goal is to develop a fully compliant end-to-end solution for the tokenization of companies and security token investments. It aims to integrate all services for the IPCO (Initial Public Coin Offering) platform, xixoio.com.
The IPCO platform handles legal, regulatory and compliance issues up to the point where the funds are raised, investors’ shares are entered into business registers and tokens are deployed onto secondary markets, i.e. STO exchanges for accredited investors.
Our TopMonks Blockchain team was approached at the same time Xixoio’s IPCO was being prepared. It only took us three days to draft the complete token issuance architecture.
The result? A rapidly-prepared, innovative solution fully tailored to the customer’s satisfaction.
The proposal consisted of developing the backend infrastructure for the whole token issuance:
Backend handles the token pool as well as the sale contract. Everything is protected by a multisignature solution with optional hardware ledger protection.
A token pool is a decentralized solution for temporary token holding for users without any prior crypto knowledge.
The main requirements for our output were:
API Design
10 weeks to go
Infrastructure Set Up
9 weeks
Crypto Backend
8 weeks
Development
7 weeks
Smart Contracts
6 weeks
Testing
5 weeks
Audit
4 weeks
Finalizations
3 weeks
Training
2 weeks
1 week
Release
3. 12. 2019
On December 3, we deployed the contracts to Mainnet. That was the very last missing thing to do. Everything else was complete. The rocket is ready to launch.