New on 23 June 2019 (also updated in the original post):
IdeaFeX is upgrading the crowdsale format+ adding new incentive structures.
New crowdsale format
We will shift our token sale with ETH to a smart-contract-based format that does not require user registration. We will continue to offer EUR, BTC, BCH, LTC, XLM, and XRP purchase options on our website. Nevertheless, you will receive your IFX immediately after the confirmation of your purchase.
Originally, we proposed registration and KYC requirements, because these are needed for operating an exchange. If you are only interested in purchasing the tokens, the official stance of the regulators is that KYC is recommended. Hence, we will keep KYC requirements only for EUR purchases. Please keep in mind that we nevertheless are vehemently against money laundering. Our tokens will be listed only on reputable exchanges where KYC will likely be enforced. We reluctantly remove KYC because with smart contract we cannot fully enforce KYC.
This change requires us to modify the pricing structure of IFX slightly, because we will need to denominate IFX in ETH. We have decided to price IFX at 1 ETH = 2000 IFX. The bonus structure is updated to:- 0 ~ 20% sold: 40% bonus
- 20% ~ 40% sold: 30% bonus
- 40% ~ 60% sold: 20% bonus
- 60% ~ 80% sold: 10% bonus
- 80% ~ 100% sold: 0 bonus
That is to say, 1 ETH will get you 2800 IFX if you purchase before 20% of IFX is sold.
Since the goal of this update is to improve the transparency of our crowdsale, we will publish the smart contract on GitHub.New Incentive Structure
IdeaFeX and IFX will be a success only if we have a large community. To incentivize community growth, we have decided to reward all Confirmed User Registration, KYC Confirmation, and Referral:
Registration: Every user who registers at https://ico.ideafex.com and confirm his/her email address will be credited 50 IFX on their account.
KYC: Every user who passes KYC after registration will further be credited 50 IFX.
Referral: Each time a user passes KYC, his / her REFERRER will be credited 50 IFX. There is no limit to the amount that a referrer can earn. All other elements of the referral award listed in our Token White Paper remain unchanged: the referrer can continue to earn awards after our service launches.
The award tokens are recorded in our database. These tokens come from our community fund, independent of the crowdsale. Withdrawal requests will open in July. The token count will add added in our next server update. However, all actions since the opening of our registration are valid.
Withdrawals will be free if you have at least 1000 IFX on your balance.
All winners of our Airdrop Competition will receive their tokens in the beginning of July. To be able to receive the tokens, please register your ETH address at https://ico.ideafex.com and go to Purchase => Purchase with ETH => register your ETH wallet. This way, we will record your wallet. Purchase is not required.