We bid adieu to the year 2022 – the year that saw major changes in markets all over. As the year comes to a close, we wanted to take a moment to reflect on the past year and all that has happened at iOWN Group. Despite the market challenges, the crypto community has remained strong and resilient.
1. New Exchange Listing:iOWN was listed on Coinsbit, under the trading pair of IOWN/USDT. It was already listed on Latoken and P2PB2B last year.
2. BNB Chain Upgrade:
iOWN Token migrated from the Ethereum Blockchain to BNB Chain. This move was made to provide a scaling solution, along with lowering the transaction fee. The old iOWN Tokens (ERC-223) and new iOWN Tokens (BEP-20) were swapped on the iOWN Wallet, MetaMask, and many exchanges in a 1:1 swap ratio.
3. CertiK Audit:iOWN Token was successfully audtied by Certik on March 15, 2022. The token achieved high security in the industry-standard audit on Certik’s platform.
4. Tokens Burned:The maximum supply of iOWN Tokens on the Ethereum ERC-223 contract was 450M tokens. But, with the new upgraded BNB Chain contract, 100M tokens were burned. The new max supply of tokens now stands at 350M tokens.
5. Staking Pool:
This year, we introduced a new utility for iOWN Token through the pilot staking program called the Genesis pool. It was a huge success that offered multiple rewards, including a real-estate NFT. The NFT reward was backed by a portfolio of luxury properties dedicated by Amlak Digital.
We awarded a total of 4110 real-estate NFTs to those who staked in the Genesis Pool. Those who hold these NFTs will receive periodic income in the form of iOWN Tokens.
The wallet has been upgraded several times in the past year. Every iteration of the wallet was focused on making the wallet more user-friendly and bug-free. Here are the major updates –
Support for BNB Chain was provided in the first quarter of the year. In the second quarter, we added Polygon Support, thereby making the wallet a multi-chain wallet. You can choose any of these three networks within the app for your transactions.
2. iOWN NFT Launch:
iOWN real estate NFTs were introduced as a reward for staking on the Staking Pool. These NFTs were minted on the Polygon network. and sent to users’ wallets. The wallet also allows you to send and receive NFTs. It also hosts an NFT inventory list to display any NFTs that you own.
3. Multi-Send for NFTs:
‘Multi Send’ for NFTs was another feature that we added to the wallet. It enables you to send multiple NFTs from your wallet to any other. You will need to switch to the Polygon Network to use this feature.
As the gas fee for the NFT transaction is Matic, you need to ensure you have enough of it in your wallet to make any transactions.
5. Address Book:
The new ‘Address Book’ feature of the iOWN Wallet, lets you save multiple addresses and send crypto to them at the tap of a button.
6. Password Recovery:
We have enabled the ‘Password Recovery’ feature on the wallet. Simply click on the ‘Forgot Password’ option and you shall receive a link to reset your password reset on your registered e-mail address. All you need to do is enter your secret phrases (private keys) and select a new password.
Remember that iOWN Wallet is a self-custodial wallet, meaning only you control it. Be sure to write down your secret phrases somewhere safe and secure, as they can’t be recovered. Be careful not to lose your private keys or else you’ll lose access to your funds – stay alert!
2022 was an eventful year all around. We participated in and represented iOWNX at several industry events. This helped our team interact with and learn from various industry professionals from the blockchain and crypto communities.
In order for us to optimize, we always hire the best talents across the industry. Beyond this, our group has gone through a few organizational changes in 2022.
A range of talented professionals joined our group. We also had a change in our leadership with Rami AlSridi joining us as the CEO of iOWN Group. As one of the founders of iOWN Group, he has always been a huge contributor to our progress. In his role as the CEO, he is working closely with the team and iOWN stakeholders. His vision is bound to bring great value to how iOWN is positioned in the market.
He is ready to welcome 2023 with a major update for iOWNX. Here’s what he says –
“The blockchain and digital asset industries have been growing at a high pace over the past few years. Despite some hiccups along the way, the industry is still on track to grow even more in the coming years. We at iOWNX are preparing to take advantage of this growth. We have been in development for three years and are now ready to be introduced to the market. Our innovative solutions in the Tokenization, DeFi, and non-custodial digital wallet segments are something that the industry is sorely lacking. This comes at a great time when the market focus is shifting to tokenization and decentralization. iOWNX is well-positioned to take advantage of this trend and emerge as a leader in the industry. Stay tuned for more updates on their progress!”
iOWNX stands to gain a lot from his vast experience and embrace his strategies and guidance. We also had Zina Ashour and Armen Kocharyan promoted to the Advisory Board. We welcome them and are grateful for their contribution.
There’s no doubt about it — the blockchain industry is booming. But with all the recent market volatility, it has become abundantly clear that we need to build on decentralized self-custody applications if we want to see long-term success.
We have changed our brand identity, and now all our products will be included under a single brand name – iOWNX.
But even with the change in name, our core principle remains the same – to make crypto accessible to all. We aim to do so, by introducing new products and implementing programs that aid the true use of blockchain technology – decentralization. Our platform will serve as a bridge between users and Web3.It is designed to solve real-world problems through the use of blockchain technology. We believe that this is the key to unlocking the full potential of the blockchain industry, and we’re committed to making it a reality.
Keep an eye out for our upcoming launch, and be sure to check out our website for more information on iOWNX!
We can’t wait to share it with the world.
Tokenized real estate is an innovative way of investing in real estate through blockchain technology. It is not just faster and more secure, but also allows you to easily sell your investment if needed. Real estate tokenization has several benefits such as increased liquidity, low investment opportunities, crowdfunding, and peer-to-peer lending. Another benefit is that this will make it possible to fractionalize ownership of assets.
Blockchain technology is transforming business processes all over.
iOWNX for Businesses helps to create the cap table through smart contracts and have the shares represented as NFTs. These NFTs are will be made available directly in the wallet of the investor, so shareholders can have their shares in form of tokens and monitor the valuation of each company they invest in. Shareholders can have access to other important information like share distribution, company financials, business performance, etc.
The iOWN Wallet will undergo major updates to align with the new brand identity. We will have a new interface that will be even more user-friendly. We will be adding new features like the ability to buy assets with debit or credit cards, swap feature, a Digital Invoicing solution, and an all-inclusive Transaction Center.
None of what we have achieved would have even been possible without the continued support from our community members. We thank you and are appreciative of the trust you place in us.
We are excited to usher in the new year with a new identity, but staying true to our roots. Stay tuned for a refined version of iOWNX.