IdeaFeX solves three significant pain points in investment and financing, which underpin suboptimal resource allocation within the economy: misaligned interests, inefficient processes, and unnecessary restrictions. It presents a three-pronged solution combining innovations in blockchain with an e-commerce-like experience.
The first prong is IdeaFeX’s marketplace interfaced with the distributed ledger. The simple fractioning and tamper resistance provided by blockchain enables its support of new asset classes. Product futures and exotic assets have some alternatives, and none gives the same levels of flexibility and access to investors and fundraisers. To help users navigate various asset classes, IdeaFeX integrates adaptive and smart search and filtering normally seen in top e-commerce platforms like Amazon. Such enhances the discovery and matching between investors and fundraisers. Ultimately, IdeaFeX adopts the newest blockchain protocols to improve governance, transparency, and the fulfillment of investment terms.
The second prong is IdeaFeX’s revolutionary auction method. By letting interested investors determine together an asset token’s last price, the auction method guarantees “all winning bidders are willing to pay at least the final auction price given all public information, and that all losing bidders are prepared to pay at most this price,” thereby securing optimal price discovery. Restriction on the number of a deal’s participant is also unnecessary. By directing every interaction in the bidding window, auction saves time by lessening repetition in financing deal-making.
The third prong is IdeaFeX’s manipulation-resistant exchange. IdeaFeX considers compliance and safety as prerequisites for its success in encouraging financing and investment in new asset classes. All listed assets should satisfy its high listing standards, including custody and audit requirements based on the asset classification. Investors have to pass standard Know Your Customer (KYC) checks. IdeaFeX is also employing disruptive digital asset custody solutions. Manipulators, bad bots, thieves, and other malicious actors are forbidden. Lastly, it incorporates various levers to maximize liquidity.
IdeaFeX delivers its solution to traditional securities, product futures, and exotic assets. Common examples of exotic assets are commercial real estate, business assets, infrastructure, and collectibles, while examples of product futures include inventory and valuable goods. IdeaFeX’s conservative projection indicates that within ten years, it will become a trillion-dollar-per-year market. With a success-fee-based business model and a clear strategy, it seeks to grow together with the market into a significant player in investment and financing.
A vibrant user community is necessary to achieve that. IdeaFeX created the IFX token with the following foundational values: “(i) it benefits our user community, (ii) it drives active use, (iii) it promotes organic growth, and (iv) it supports continued adoption well into the future.”
|Dates||2019-06-18 – 2019-08-18|
|Price||1 IFX = 0.1 EUR|
|Accepting||BTC, ETH, XRP, BCH, EOS, LTC, XLM, EUR|
|Hard Cap||58,000,000 EUR|
|Whitelist/KYC||KYC & Whitelist|
|Restricted areas||USA, Syria, North Korea, Iran, Iraq|