TokEngine is a TOKen Exchange for the Next Generation INternet Ecosystem. The project will demonstrate the interoperability of between NGI ecosystems by the low cost exchange between any fungible tokens in the NGI infrastructure.
Can you briefly present your team?
The team comprised people from Convex, in the UK, and Werenode, in France. They worked together to create TokEngine (TOKen Exchange for the Next Generation INternet Ecosystem).
Mike Anderson, Andrew Hardie and Dr Leonard Anderson were the Convex development team. Francois Chiron and Benoit Massieu acted as the users and testers of the prototype.
The companies originally met in the NGI OntoChain project in 2023.
How did you come up with this project idea and what benefits will it bring to the end users?
Werenode had built a multichain project and needed a service to exchange tokens between Ethereum and Tezos. They also want the sub-second performance of Convex.
How is TrustChain supporting your growth and what role does it play for the next steps in your development?
TrustChain funded and publicised a prototype server, as a bridge that can be extended to exchange any fungible tokens between DLT networks. Growth comes from supporting clients to migrate from slow, unscalable and expensive blockchains to fast, scalable and virtually free Convex.
Why did you apply to the TrustChain call and has your vision changed since then?
Multi-chain operation was a clear TrustChain objective. Convex Decentralised Lattice Technology (DLT) was identified as the ideal intermediary for a fast, open source bridge. The vision of applying the method to any other TrustChain projects is unchanged.
What is the most valuable takeout from the TrustChain project and why was the topic of the Open Call important to you/your team?
International cooperation can succeed in Europe. Multinational input creates a better perspective on how to create user centric projects that can cross national borders.
Did you establish collaboration with any of the TrustChain teams or plan for any kind of synergies? If yes, what is the biggest potential in such collaborations?
We had discussions with other teams such as DAO4HS, MS3 and Decast but there was no demand for interoperability using TokEngine. .
What are your expectations regarding the TrustChain software ecosystem and its contribution to the NGI priority areas?
The Convex ecosystem, including TokEngine, contribute to all 4 priority areas:
- Decentralisation and trust; Decentralised lattice technology for DLT with trusted identities
- Security and resilience; Cryptographic data security and 24/7 network operations
- Collective intelligence; Decentralised data storage and auditable orchestration for agentic AI models
- Inclusion; User centred design of all products and services to cater for national differences, accessibility and open source software
What are the next steps for your team?
We are refining the decentralised lattice products with worldwide customers embracing the unique Convex full stack development tools:
- CVM; Convex Virtual Machine global DLT (NGI OntoChain funded)
- Torus; Automatic Market Maker (AMM)
- TokEngine: Token exchange server (NGI TrustChain funded)
- DLFS; Decentralised Lattice File System
- Covia.ai; Multi-agent AI orchestration
- Desktop; Web access to Convex wallets and products
What is the message you would give to new and potential applicants to TrustChain Open Calls?
- Plan to include information from previous projects
- Set credible and achievable KPIs within resource and time constraints
- Form partnerships with compatible development teams
- Jointly design with a user centred approach
- Build using agile techniques and test, test, test…