IdeaFeX Token (IFX) was designed to empower our community

Unfortunately, we have decided to remove it from our business operations and refund all buyers due to poor demand in our public sale.

IFX was designed to have five features:

  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 to improve search ranking.
  4. Fundraising bonus: Additional discount to fees apply when IFX is accepted exclusively in financing.
  5. Token burn: We systematically reduce the total supply of IFX by burning at least 10% of the tokens that we collect in fee payments.
IFX Token Sale Cancellation

Please note that IFX Token Sale has been cancelled due to poor demand.

We believe this is the result of a combination of factors: market environment, lack of marketing budget, and lack of connection to cryptocurrency insiders, to name a few. We are publishing our analyses on our Medium channel here.

Please note that we have burnt all tokens that we hold. The "burns" can be tracked here on Etherscan. We have also contacted all buyers for refund. Unfortunately, the tokens for our incentive programs will not be supported by us in the future.

Token distribution

We have divided a total supply of 1,000,000,000 IFX into four lots:

  1. Initial public sale (40%): From a total supply of 1,000,000,000, 40% is available for the initial public sale.
  2. Locked in escrow (30%): Another 30% will be locked in escrow and can only be sold upon community vote.
  3. Community building (15%): For the development of local IdeaFeX communities as well as online competitions, we allocate 15% of the total supply.
  4. Talent attraction (15%): The remaining 15% will be reserved for the IdeaFeX team in order to attract and retain talents.
Referral

The IdeaFeX Token has the referral award function that incentivizes the referral of new 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.

Moreover, we are offering 40 IFX (worth 0.02 ETH) for EVERY referral after the new user purchases at least 200 IFX (280 IFX counting the 40% bonus that applies right now, equivalent of 0.1 ETH).

Please note that all registered users will be carried over to our marketplace and exchange, scheduled to be launched later this year (2019). You will be able to use IFX in many meaningful ways. Please read more on our full description.