IdeaFeX is pleased to announce that our upcoming ICO scheduled between 18 June 2019 and 18 August 2019 is now officially open for registration at https://ico.ideafex.com.
What is IdeaFeX?
IdeaFeX combines e-commerce-like experience 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 so far been illiquid and/or indivisible. Examples of these assets include business assets, commercial real estate, infrastructure, collectibles, inventory, and valuable goods, etc. Currently, inefficient processes, unnecessary restrictions, and misaligned interests plague financing and investment. Accesscostflexibility and accessreturnsstability are two notable sets of tradeoffs where existing alternatives continually disappoint fundraisers and investors. Combining marketplace format, auction method, and exchange support, IdeaFeX 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.
A vibrant user community is essential in achieving our goal. Therefore, we have designed the IdeaFeX Token (IFX) with five functional features that benefit our user community and drives active use:
1. Discount: Using IFX to pay fees allows users to receive discounts. This discount applies to both fundraisers and investors, in both primary and secondary markets. 2. Referral award: After a new user registers as an investor with the unique referral code, each time s/he uses IFX to pay fees the original referrer receives an award. 3. Staking: Fundraisers can stake IFX for their asset listings. When other criteria have been exhausted, staking will improve search ranking. 4. Fundraising bonus: Additional discount to fees apply when the fundraiser accepts IFX exclusively in their financing. 5. Token burn: We systematically reduce the total supply of IFX by burning at least 10% of the tokens that we collect through fee payments.
To our initial token sale, we allocate 40% of the total supply of IFX. Another 30% is put aside for potential future token sales (to be approved by community vote). For community-building, including local IdeaFeX communities, we allocate 15% of the tokens. The team reserves 15% of the tokens, which cannot be sold within the first three years.
Each token is priced at 0.1 EUR at the start of the ICO. After each 10% of the tokens are sold, the price increases by 0.01 EUR. After 90% of the tokens are sold in the ICO, the final price will be 0.19 EUR/token.
Referral Offer
The IdeaFeX Token has the referral award function that incentivizes the referral of new active users. After the new user registers with the unique referral code, each time they pay fees using IFX the referrer receives 20% of the IFX collected. Referral award has no expiration date, though it works only with direct referral.
During our ICO, for each new user that purchases more than 100 EUR worth of IFX, the referrer receives 10 IFX credited directly to his/her account after ICO.
Because the accounts of the referred users will be carried over from our ICO to our launch, starting early in building a large pool of referred users is the best strategy for earning referral awards continuously into the future.
How to participate?
Simply register at https://ico.ideafex.com and retrieve your unique referral code. Please beware that basic level of account verification is necessary to claim the awards, which will be unfrozen after the conclusion of our ICO.
Competition Offer
IdeaFeX invites enthusiasts to spread the word about our project via social media engagements. By performing these actions, each participant earns entry points. Every day, three winners will be randomly selected based on entry points, and each will be awarded 2,000 IFX (IdeaFeX Token). Thus, by earning more points, you can maximize your chance of winning. You can also invite friends to participate; each time a friend enters, you earn an additional entry point.
How to participate?
We are using a special tool that tracks your participation. The tool can be found on https://www.ideafex.com/ifx#competition, and links to it will be shared among our social media channels. To enter, simply follow the instructions.
Please beware that to registration at https://ico.ideafex.com with basic level of account verification is necessary to claim the winnings, which will be available after the conclusion of our ICO.
Three winners will be selected randomly everyday. They will be announced across our social media channels: Facebook, Twitter, Telegram, and BitcoinTalk. Winners will also be included in a public spreadsheet viewable and verifiable by the public. At the conclusion of our ICO, winnings will be credited directly to the winners' accounts in one go (multiple wins across several stages of the competition is possible).
Public Review Offer
IdeaFeX invites the public to contribute objective reviews of our project. These reviews can be published in a range of formats, including videos, articles, blogs, posts on forums, and posts on review sites (such as ICO Bench), etc.
High quality reviews will be awarded with IFX (IdeaFeX Token): 10,000 IFX for first prize, 5,000 IFX for second prize, and 2,000 IFX for third prize. There is no limit to the number of reviews that can be awarded each prize. We plan to cap the winners to 3%, 7%, and 15% of all valid entries, though we reserve the right to adjust the percentages to ensure high quality entries are awarded while spamming is not. Criteria for quality assessment include but are not limited to:
Understanding of our project Accuracy of presentation Quality of writing
Reviewers are also encouraged to combine his/her reviews with Referral program entries where appropriate (e.g. it would be inappropriate on public forums and review sites but perfectly legitimate on videos, articles, and blogs that you manage).
We also invite forum members to our Signature Campaign that focuses on our Referral and Competition offers.
By wearing this signature, you can participate in our Referral and Competition programs easily. We do not have further requirements on your activity on this forum. You will be able to boost your earnings in these programs easily.
How to participate?
You are welcome to create your own signature with your own referral codes.
FAQ
What is IdeaFeX? IdeaFeX 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.
Why are we building IdeaFeX? Currently, inefficient processes, unnecessary restrictions, and misaligned interests plague financing and investment. Combining marketplace format, auction method, and exchange support, IdeaFeX 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.
How do we prevent scams? Our marketplace is fully compliant with all pertinent asset trading, payment, and exchange regulations. This means all users, including fundraisers, pass KYC (Know Your Customer) background checks. Moreover, for exotic assets a qualified custodian (such as a bank) will be named by the fundraiser, while for product futures and traditional securities external audit is required.
Why are we using blockchain? Is it really needed for a centralized platform? With blockchain tokenization, we keep the separation between our marketplace and investments made against listed assets. The fundamental ownership and cash flow of these investments will be tenable independent of our marketplace, thus providing extra robustness. Moreover, it makes listing, trading, and exchange much more cost-effective. Therefore, even though blockchain is not necessary for a centralized platform, it makes the most important records of the investments decentralized.
Who can list an asset on IdeaFeX? Anyone, individuals or companies, can use IdeaFeX to list tokenized assets, so long as they pass KYC (Know Your Customer) background checks and produces audit reports from qualified external parties or certified custodians.
Why do we collect your personal information, and how will we use it? IdeaFeX is serving in a regulated industry and is required to comply with KYC (Know Your Customer) procedures that prevent terrorist financing, money laundering, and other criminal activities. We are committed to the protection of your personal information and will never sell or exploit your personal information, including usage preferences, for financing gains.
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REPORTING
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