IdeaFeX is a French startup that created an innovative three-component investment platform where users conduct financial operations with tokenized physical assets. The components include a marketplace developed on the basis of the Ethereum blockchain, an auction, and the cryptocurrency exchange. All these components work in symbiosis thanks to the IdeaFeX token (IFX) that has five primary functions. The project has set itself quite an ambitious goal of forming a primary market by the year 2028, capable of generating $630 billion of annual turnover.
The IdeaFeX team claims to have developed a blockchain-based and user-friendly marketplace that will disrupt the contemporary investment environment, which suffers from excessive restrictions, lack of efficiency, and high access barriers for nascent investors. The implementation of the blockchain technology and Ethereum’s smart contracts must resolve most of these issues by ensuring immutability of all records, highly effective and low-cost management, as well as the abidance by the investment terms.
But the true gist of this marketplace lies in the formation of the novel class of assets that possess the off-chain value. The first class of assets is customary securities, such as shares, bonds, and debt instruments. It should be particularly beneficial for startups that seek to attract investors without the unnecessary hassle, though it may also arouse the interest of well-established companies due to the improved liquidity of such assets and the reduced bureaucratic pressure.
IdeaFeX also introduces the exotic assets, for instance, highly valuable items of fine art, real estate, objects of infrastructure or some production assets. Thanks to the use of smart contracts, IdeaFeX created an option for partial ownership of such assets, thus increasing their market appeal and liquidity. Moreover, these assets are capable of generating passive income for their owners as they could be made available for rent.
The product futures provide for the commodities that can be delivered to the investors upon their production or maturity. These could be the precious beverages that require a prolonged period of time to reach the necessary gustatory conditions or the electronics that need to be assembled from scratch. The investor can either consume or use these products or re-sell them, thus acting as one of the links in the supply chain.
In order to participate in the auction, the startups that need to raise funds must submit a detailed application to the project’s team for screening. Once the application is approved, the potential investors will start receiving notifications about the new opportunity and get invited to make their bids. To ensure the adequate bidding range, IdeaFeX developed a unique price discovery algorithm. All processes at the auction are carried out more expeditiously due to the implementation of the multilateral deal flow mechanism.
The IdeaFeX team assures that their exchange, which constitutes the third part of the platform, is fully resistant to all types of market manipulations mainly because it features the tokenized physical assets that can’t be “pumped & dumped” as easily as cryptocurrencies. Another benefit of having real-world assets traded on the exchange is the full legal compliance that provides for improved safety of all operations.
IdeaFeX introduces a utility token IFX that has five primary functions, the first of which allows for substantial discounts, up to 40%, on all investment operations on the platform. The other ones include referral awards, staking rewards, various fundraising bonuses and discounts, and the mechanism of token burning.
The official token sale starts on June 18 and will be carried out for the duration of the next two months, until August 18, or till reaching the hardcap of 58 million EUR. The ICO price of 1 IFX is established at 0.1 EUR. IdeaFeX accepts EUR, BTC, ETH, XRP, EOS, LTC. Citizens of the USA, Iraq, Iran, Syria, and North Korea will not be allowed to partake in the ICO.
|Start||June 18, 2019|
|End||August 18, 2019|
|59 days left|
|Hard cap||$58 000 000|
|Minimum investment||0.00 IFX|
|Tokens for sale||400000000|
|Accepting||BTC, ETH, XRP, BCH, EOS, LTC, XLM, EUR|
I fully agree with people behind IdeaFex on the notion that only when cryptocurrencies get to be backed by the real-world assets - regardless of whether it would be precious metals or items of real estate - they will obtain the intrinsic value along with global recognition. Otherwise, they would remain to be perceived only as a speculative financial instrument. I am convinced that IdeaFex will get decent traction from the very first day of its official launch, because there are many people, including me, who share their vision. I have a piece of property, a hunter’s cabin, which I will try to tokenize and sell using IdeaFex. We’ll see how it goes.
To my understanding, IdeaFeX pieces together the concept promoted by numerous crypto projects that tried to sell the asset-backed tokens. Well, the idea is not new, obviously, but perhaps this one will finally make it work since they appear to have systematized this kind of asset trading in a proper way, at least in theory. But I am a material person, so it would have been nice to see some concrete examples of assets that had already been tokenized by IdeaFeX. That would really have served as a selling point for me.
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