Aconomy Open Testnet Launch: A New Era of On-Chain Asset Tokenization and Capital Optimization.

Pandora Finance
Pandora Finance
Published in
6 min readNov 16, 2023

We’re excited to share that after a very successful early access phase, Aconomy, our innovative decentralized exchange (DEX) backed by real-world assets, is now widely accessible to the public with the introduction of our Open Testnet. This development is a crucial leap in our endeavor to make on-chain asset ownership widely accessible and to transform physical assets into asset-backed NFTs. Aconomy offers a powerful platform for asset tokenization, enabling users to explore, trade, and manage their physical assets on-chain.

Embrace this chance to revolutionize how assets are managed on-chain and flourish in the new era of the Asset Economy!

Dive into the World of Aconomy: Your Gateway to Asset Tokenization

Aconomy’s Testnet is now open to all, presenting a unique chance to explore and create your own asset NFTs. Feedback from our early users highlights the significant demand for the Aconomy asset tokenization platform among both asset owners and validators. This demonstrates its vital role in shaping the future of the on-chain asset economy. We encourage you to engage and explore our platform and help us refine it further with your insightful feedback.

Here is a simplified guide to help you easily navigate Aconomy, an intuitive asset tokenization platform, from creating your account to participating in various transactions using Pi-NFTs.

Starting Your Aconomy Journey

How to Access the Platform:

  • Visit the Site: Begin by heading to https://www.aconomy.io/. Click on the “Open marketplace” to enter the Aconomy marketplace.
  • Explore the Marketplace: On the Aconomy landing page, you’ll be presented with the marketplace and the Pi-NFTs up for sale.
  • Connect Your Wallet: Easily link your digital wallet by selecting “connect wallet.” Don’t have a digital wallet? No problem, you can connect using your Gmail account.
Embarking on your Aconomy journey is as straightforward as it gets!

Setting Up Your Aconomy Account and Profile

Creating Your Account:

  • Register: Start by creating your account. Choose a display name and username that reflect your identity.
  • Profile Management: Once set up, your profile will display all your Pi-NFTs and asset NFTs, marking your official entry into the world of asset tokenization.

Congratulations, you’re now a part of the thriving Asset Economy! Engage in the platform, discover its capabilities, and experience the efficiency of 1:1 tokenization.

Acquiring Test Tokens for On-Chain Transactions

How to Obtain Test Tokens:

  • Getting Tokens: For participating in on-chain transactions on Aconomy, it’s essential to have test tokens from either Matic Mumbai or Arbitrum Goerli Testnet. Note that if you’re not opting for lazy minting, you’ll need these tokens to cover gas fees for minting and other transactions.
  • Asset Trading: Start trading by obtaining “aUSDTC” test tokens from the “Mint ‘aUSDTC’” section. Add them to your wallet for various transactions like buying, lending, borrowing, and bidding on Pi-NFTs. These tokens are available for free.

Important Notes:

  • If you encounter an “insufficient balance” error during trading, simply mint more “aUSDTC” tokens from the faucet.
  • After claiming your test tokens, refresh the platform to ensure they’re added to your account. You can verify your Test Token balance in your profile Card.

With all the necessary tools at your disposal, don’t hesitate to immerse yourself in the Asset Economy. Start exploring and trading today!

Creating Asset NFTs on Aconomy

The Minting Journey:

  • Creating Your Asset NFT: Begin by clicking the “Create asset NFT” button. Fill in the asset NFT details and then hit “Create”.
  • Forming Your Collection: Under your profile, use the “create collection” option to curate a personal collection of NFTs.

Note on Lazy Minting: This feature allows you to mint your asset NFT without incurring any gas fees. However, for other transactions, you’ll need test tokens, which you can acquire as previously explained in the “Access Test Tokens” section.

Just a few easy steps and you’re on your way to minting your inaugural Asset NFT on Aconomy, with many more to follow!

Engaging with the Aconomy Ecosystem

Validation and Management of NFTs:

  • Sending for Validation: Post-minting, choose a verified validator from the provided list. Under the “select country” section, click on “all,” select the appropriate asset type for your NFT, and submit your validation request to the chosen validator.
  • Listing on the Marketplace: Once your asset NFT is validated, you can list it as a Pi-NFT on the Aconomy Marketplace with ease.

Important Note: Validators are responsible for reviewing and authenticating your asset NFT, which then becomes a tradable Pi-NFT on the platform.

Trading and Transacting on Aconomy’s Real-World Asset-Backed Marketplace

Selling and Auctioning Made Easy:

  • Selling Your Pi-NFT: Simply click the sell button, set your price, and list your Pi-NFT for sale.
  • Hosting an Auction: Choose the auction feature, decide on a starting price, and set the duration for your auction.
  • Bidding Dynamics: Keep an eye on all bids in the “Bids” section and accept offers before the auction concludes.

Swapping Assets:

  • Asset Exchange: Enable the “Available for swap” option to offer your Pi-NFT for potential swaps. Review swap requests and accept the one that matches your exchange criteria.

Trading physical assets on-chain is surprisingly easy with Aconomy’s innovative platform.

Financial Transactions: Managing Your Assets

Withdrawing and Borrowing:

  • Withdraw Funds: Click the withdraw button on your Pi-NFT and specify the amount you wish to withdraw. You’ll also have the option to repay the withdrawn amount.
  • Borrowing Against Pi-NFTs: Use your Pi-NFT as collateral to borrow funds. Set your terms for Price, APY, Duration, and Expiration, and choose from various lender offers that align with your needs.

Your financial needs are fully considered in the Aconomy ecosystem!

Engaging with the Aconomy Marketplace

Interactions and Transactions:

  • Buying Pi-NFTs: Find Pi-NFTs on sale, select your choice, and proceed to purchase.
  • Participating in Auctions: Place your bids on Pi-NFTs featured in the “Auction NFTs” section.
  • Providing Loans: Explore the “Lending and borrow” area to assess and offer loans to potential borrowers.

Aconomy enables a range of on-chain activities, offering a direct and intermediary-free trading experience.

Concluding Your Journey on Aconomy

NFT Redemption and Ownership Transfer:

  • Redeem Your Asset NFT: Easily redeem your asset NFT by submitting a request to the validators.
  • Transfer Ownership: Use the “transfer” option on your Pi-NFT to change its ownership.

Removing NFTs:

  • NFT Disposal: If needed, you can “burn” your Pi-NFT to take it out of circulation or delete an unvalidated Pi-NFT with the ‘Delete’ button.

Now that we’ve walked you through Aconomy’s features, it’s your turn to experience what our platform offers in realizing the potential of your physical assets. We welcome your insights and feedback!

Embarking on a New Era of Asset Management

Aconomy is at the forefront of transforming the asset tokenization space. Our platform creates an ecosystem where capital optimization is accessible to all, making liquidity a standard feature, not a privilege. We’re committed to delivering a seamless and user-friendly experience, enabling people from all walks of life to engage and prosper in the world of asset tokenization.

To make participation more engaging and improve user experience, we’re introducing gamification elements to our Open Testnet. In collaboration with Zealy, we’re launching a campaign that rewards users for exploring our testnet and completing specific tasks, adding excitement and competition. This approach not only encourages deep engagement with our platform but also gathers crucial feedback for further enhancements.

With Aconomy, the notion that traditional markets are the sole option for asset capitalization is being challenged. Our platform offers a revolutionary path, inviting everyone to unveil and capitalize on their hidden treasures on-chain, leading to a future filled with possibilities and certainty.

Aconomy is a real-world asset-backed DEX that aims to tokenize real-world assets with its cutting-edge technology. It benefits both asset validators and asset owners by empowering them to trade assets on a decentralized exchange, which provides increased accessibility and liquidity.

We at Aconomy are always on the lookout to connect with like-minded individuals, strategic collaborators, and partners who wish to be part of our Aconomy journey. To get in touch, please feel free to reach out to us on

Aconomy | $PNDR | Twitter | LinkedIn | Telegram or shoot us a mail: support@aconomy.io

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Pandora Finance
Pandora Finance

A a decentralized ecosystem that leverages existing blockchain infrastructure and Web3 Space to seamlessly induce liquidity to the multi-asset classes