IdeaFeX is a Marketplace For Tokenized Real-World Assets. IdeaFeX ICO rating – 69
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Upcoming ICO : 18/06/19 – 08/08/19
Roadmap: 7/10 Legal: 4/5 ICO terms: 2/5
Team: 17/20 Token applying: 3/5 Promotion: 13/20
About IdeaFeX ICO (token sale)
IdeaFeX ICO unlocks potentials in information technologies and blockchain solutions for financing and investment. We present an easily-navigable marketplace that supports new classes of real-world assets, notably exotic assets and product futures, much of which have been illiquid and/or indivisible. Our unique auction method together with our innovative adoption of distributed ledger technology empowers fundraisers and investors with efficiency and robustness hitherto unseen.
Currently, inefficient processes, unnecessary restrictions, and misaligned interests plague financing and investment. Access–cost–flexibility and access–returns–stability are two notable sets of tradeoffs where existing alternatives continually disappoint fundraisers and investors. Combining marketplace format, auction method, and exchange support, IdeaFeX ICO offers transformational combinations of high access, low cost, high flexibility, and high liquidity to new asset classes that can quickly grow into a trillion-dollar market. We identify openness, easy navigation, efficiency, and robustness as our unique selling propositions.
To build a symbiotic relationship between the IdeaFeX ICO team and our user community, we introduce the IdeaFeX ICO token. With such functions as Discount, Referral Award, Staking, and Fundraising Bonus and the feature of Token Burn, the IdeaFeX ICO token delivers meaningful and tangible value to our user community, drives active use, promotes organic growth, and supports continued adoption.
With IdeaFeX ICO, we are not merely entering a market: we are creating a new one. Much like the case of cars and horse-drawn carriages or that of email and fax, however, alternatives that serve the same purpose already exist. In this section, therefore, we explore the current competitive landscape and identify how IdeaFeX will drive the paradigm shift and sustain competitive advantage for the foreseeable future.
IdeaFeX as a marketplace serves both fundraisers and investors. Unlike traditional two-sided platforms, however, our inclusion of the secondary market means investors can also be sellers. Publicly-traded securities and ICO tokens are two main existing alternatives that share this feature. Therefore, investors of tokenized assets on IdeaFeX enjoy some new dynamics that open up new investment strategies; fundraisers, in turn, also enjoy broader access and higher flexibility.
As a utility token, the IdeaFeX ICO token (IFX henceforth) will have four main functions and one additional feature. Together, these features incentivize active engagement of the entire community and underpin the value of IFX through usage.
In its first function, IFX offers users discounts on fees when it is used for these fees. Specifically, both fundraisers and investors can choose to pay their success fees in IFX and receive a discount. Provided that the user holds sufficient amount of IFX, we will deduct from their account the amount that corresponds with the fees after discount, valued at the market price denominated by the currency that denominates the trade. Otherwise, the discount only applies until the entire balance of IFX in the user’s account is exhausted; the remainder of the fees will be covered in the currency that denominates the trade.
In its second function, IFX offers referral awards for introducing new active investors. Specifically, users can send private invitations to others who are not yet members of our user community. After the new user registers as an investor with the unique link inside the invitation, each time they pay fees using the IdeaFeX token the referee receives 20% of the IFX collected. This referral award has no expiration date, though it works only with direct referral.