Bitcoin Forum

Since we have decided to move away from cryptocurrency / ICO (while still supporting asset tokenization), we have decided to reduce our presence on BitcoinTalk. Please find more details here: https://medium.com/asset-tokenization/ideafex-adopts-new-logo-updates-social-media-plan-64b326963a31


What is IdeaFeX?
IdeaFeX is the marketplace for tokenized real-world goods & assets: We identify in our economy several sources of inefficiencies in resource allocation, namely inflexible flow of goods & assets, deep divide between financing & operations, and pervasion of "exclusivity". As a solution, we introduce tokenization of real-world goods & assets (that are currently indivisible and/or illiquid) in the forms of product futures & exotic assets. They allow for a range of business model innovations, new investment methods, and new consumption models.


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.


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.


For more informatino, you can always find us on

Twitter https://twitter.com/ideafex_com (https://twitter.com/ideafex_com)
Facebook https://www.facebook.com/ideafex (https://www.facebook.com/ideafex)

Hello!

We are preparing our company to token sale. We hope everything will be arranged to start in May.

Another question in the FAQ:

Strictly speaking, representing an asset as a token on a distributed ledger equates to creating a title of ownership that, instead of being a paper with a signature, is instantiated as a smart contract on a distributed ledger. In effect, the token is a contract between the holder and the custodian of the asset, and it needs to have legal ground to be enforced.

From the point of view of asset managers, a tokenized asset is a virtual object that acts as a share in an underlying physical asset. On IdeaFeX, these tokenized assets are always fulfillable, physically delivered or otherwise. One can also consider the token as an investment instrument that is backed by physical wealth. For example, a copper mine can be tokenized, and the resulting tokens are shares of ownership in the copper mine. In comparison, most currencies of the world today are not backed by physical ownership of any underlying physical asset. For example, one cannot exchange a euro or dollar for a fixed amount of gold as it used to be the case.

How can I be sure you are not scam?

Four points:

• We're a legitimate company from France, not some islands.
• Our team members listed on our website are real people.
• We have already sent our Token White Paper to the regulatory authority. [Erratum]Our ICO will be whitelisted before it begins.
   We have just met with AMF (the French regulators) yesterday. It appears that the "whitelisting" option will only become available towards the end of 2019, due to the fact that the law (PACTE) which prescribes for this being delayed in the senate.[/Erratum]
• Moreover, we'll release a demo before our ICO begins, and we plan to launch our marketplace later this year.

We know that 90% of the ICOs / STOs today are scams. The clue should be that those projects are very unlikely to be profitable at all by reading into their white papers.

In contrast, our project can be very profitable. We just want to source starting funds & build the user community at the same time using the ICO format.

Thanks for the question. Let's run them one by one:


For a startup, a range of assets can be tokenized: business assets (exotic asset), valuable goods (product future), and shares and bonds (traditional securities). The details can be somewhat different.

• The most interesting is perhaps business assets. Suppose you're a startup that needs assets to run a business, perhaps in the form of a factory or a fleet of rental cars. Instead of obtaining a loan or equity-backed investment, you can tokenize these assets before they're purchased. Your custodian will ensure that the funds are not misused; and part of the cash flow generated by these assets will go to reward your investors.
• Another interesting option is if you have a valuable goods, such as fine wine or deep tech products. You can tokenize them and allow buyers to purchase them before they are physically available. This shares many qualities of commodity futures.
• With securities, it's simply an STO.

No. We're a marketplace, which you can consider an intermediary. You as the startup is ultimately tokenizing your assets.



In short, the market will value them. We introduce a unique auction method. This allows optimal valuation. Details can be found in our White Paper.



Assets that are not securities can be purchased freely by investors. Assets that are securities, on the other hand, are somewhat more restrictive. As we are inside the EEA (European Economic Area), European passporting allows more freedom. However, the same cannot be said about e.g. USA. For this reason, we will have to roll out our global support gradually.

Please understand that we're launching a compliant marketplace. Our compliance work doesn't stop at running our own ICO --- we need to ensure that all assets types that we support on our marketplace are compliant to the groups of users that we open them to.

The idea of the project seems to me new and promising , but I have a question , if the team does not raise money on their token sales , what will happen to the money of investors ?

maybe they will refund all the investment that they collect during the token sales
when will the team share the info about the token sales?
like how many tokens that are sold during the ICO? How much the minimum and maximum money that they wanted to collect during the ICO?

Hi, the company is registered in France.

Thanks for your question,

What do you mean by 'not raise money' and 'money of investors'? Is it the case where we don't raise much money?

Our marketplace will launch later this year. We will continue to sell our tokens on our own market once it launches.

It's important to distinguish us from some non-profit or open-source projects, where the business model is different. In those cases, a large community is necessary for the tokens to function, and the viability of the project depends on the functioning of the token.

In our case, the token is a way for us to build our community while raising funds at the same time, mostly for marketing. Only when we raise very little money (<1/4 million) will it be "not enough". We'll then raise funds from alternative sources. In any case, because we will continue to sell the tokens after we launch, we don't plan on returning investors' funds. Our token has very functions that, we believe, can help boost our marketplace after launch (while giving benefits to users continually). There's no plan to abandon it.

Hi,

Part of the information about the token sales is already available insider the Token White Paper (https://www.ideafex.com/docs/IdeaFeX_twp_v1.1.pdf), in the Token Supply and Issuance section.

Some recaps:

• We'll put 40% of the tokens for the ICO.
• Unsold tokens from the ICO will go for sale on our own marketplace one it launches.
• They will be priced starting from 0.1 EUR. With 0.01 EUR increments after each 10% is sold. Thus, if all the tokens are sold in the ICO, the maximum amount will be 58 million EUR.
• We don't have a soft cap. In our answer to the previous question, we addressed the case where very little money is raised in the initial token sale.

We have submitted our Token White Paper to the authorities for white-listing. Once we get their green light, we will announce the dates of our ICO.

In the footer of our website is the address.

Thanks for your questions. Let's address the two one by one.




Legally speaking, startups (and indeed other persons or organizations, including mature companies, that raise funds on IdeaFeX) are tokenizing their assets themselves. Nevertheless, it's not an effort for which the fundraiser is solely responsible:

• For physical assets (e.g. exotic assets), an external custodian is usually required.
• External audit may also be required, particularly when no custodian is involved.
• We will help the fundraisers with the technical issues of tokenization and cash flow.

You see, while fundraisers are the ones ultimately issuing tokens, they aren't the only ones involved.




We support three main token types: Exotic Assets, Product Futures, and Traditional Securities.

For an illustration, please see our one-pager (unfortunately, this account is new and we cannot post images for the moment): https://www.ideafex.com/docs/IdeaFeX_op_v1.pdf (https://www.ideafex.com/docs/IdeaFeX_op_v1.pdf).

For further details, we encourage you to read our Token White Paper.

You have a well-written whitepaper and a detailed technical discussion about your token utility value.
One way to present that you have a well-thought-out project.
However, owed to the reputation of most failed ICO projects, it is very hard now to raise funds via this method.
Is there another option for you to acquire funds other than holding your ICO?
 

Hi,

We're open to several general classes of assets. They're referred to as Exotic Assets, Product Futures, and Traditional Securities.

In our Token White Paper, you can see that we currently identify the following assets:

• Exotic Assets: Collectibles, Business Assets, Infrastructure, Real Estate
• Product Futures: Inventory, Valuable Goods
• Traditional Securities: Shares, Bonds

For more details, please refer to the Features Deep Dive section of the white paper.

Thanks for you comment.

Yes, alternative financing options are available. However, we must acknowledge that another (side) effect of "the reputation of most failed ICO projects" is that it is also harder than before to raise funds without pursuing an ICO if you are working on blockchain-related projects.

At the same time, while an ICO is much more difficult to organize than before and the results are much more lackluster, we can circulate a token (IdeaFeX Token, IFX in this case) that can bring some additional features to our service. We think that this token can help us drive volume and thereby activity on our platform after launch.

With these in mind, we plan on holding our ICO right when we have a demo launched.

Hi,

It's essentially an evolution of Dutch Auction and more specifically what's called OpenIPO (the best known example of which is Google's IPO).

The most important modification is that, like bidding on eBay, the investor can now increase his/her bid.

For more details, I encourage you to read the Features Deep Dive section of the Token White Paper.

Thanks

Hi,

We started working on this project in January 2018, though we only registered the company this year in France. This is because before we generate income or receive external funding registration is not essential.

Hi,

No ==> IFX is a "utility" token. There is no "use" in just holding it. Instead, a holder can:

• Use IFX to pay fees on the IdeaFeX marketplace and receive discounts in fees;
• Stake IFX when you list an asset and boost your search ranking;
• Refer others to actively use the IdeaFeX marketplace and IFX, and receive referral awards; and
• Accept IFX when you list an asset and receive further discounts in fees.

At IdeaFeX, we are building a legitimate marketplace for real-world assets. Tokens are designed specifically to encourage usage. IFX is not a payment instrument or "money". There's no "interest" or "APR" for holding.

Nevertheless, in order to give token holders the confidence, we have a "Token Burn" feature to gradually reduce the total supply. To know more, please read our Token White Paper (section The IdeaFeX Token --- Token Features) carefully: https://www.ideafex.com/docs/IdeaFeX_twp_v1.1.pdf

Excuse me-I do not quite understand.How are you going to place assets-for example, the same securities ?
Or collectibles?Are you going to keep them or what do you imagine?Do you have secure vaults?

CORRECTION:

In a previous reply (just updated), we mentioned that we will have our project whitelisted prior to the launch of our initial token sale.

Yesterday, we have met with the regulators in France (AMF, L'Autorité des marchés financiers). We were informed that the law that prescribe for this whitelisting is being delayed in the legislature. Realistically, whitelisting will become possible only after the summer. We have not decided definitively whether to postpone our ICO.

Other elements of our previous answer stand unchanged. In particular, we will launch a demo platform prior to our ICO.

Thanks for your question. As mentioned, the token (IFX) has 4 functions. Let's run them one by one:

• Discount: if you hold IFX on your account on IdeaFeX and choose to pay your trading fees in IFX, you'll receive a discount. Unlike the Binance Coin, with which the discount will disappear after a few years, with IFX discount will not be eliminated.
• Referral: you just refer your friends to join IdeaFeX. When they start actively using IdeaFeX and use IFX to pay their fees, you'll receive a referral award on your account automatically. You don't need to do anything.
• Staking: when you are raising funds on IdeaFeX, you can stake some IFX for your listing; under some constraints, this will improve your search ranking.
• Fundraising bonus: when you are raising funds on IdeaFeX, and you decide to accept IFX exclusively, we'll offer even further discounts on your fees.

Hello,

Here's how we're going to organize this:

• Exotic assets (including collectibles) usually require custodians with third-party audits
• This is different from securities, which do not require custodians
• We don't keep any real-world assets ourselves
• We're in talk with reputable auditing and custody service providers to form partnerships in order to offer our users the best deals

It's important to re-emphasize: we don't issue asset tokens; we're a marketplace that allows fundraisers to tokenize their assets and sell asset tokens.

Hope this is clearer.

Hello,

For fees (that apply both for fundraisers and investors / traders), there will be a 40% discount in fees in the first year after our full launch, 30% discount in the second year, 20% in the third year, and 10% beyond the third year.

For fundraisers who accept IFX exclusively, there will be an additional discount in their fees in the second year of 12.5%, the third year 25%, and beyond the fourth year 50%.

For our ICO, each IFX will be priced at 0.1 EUR at the beginning. After each 10% of the hard cap is sold, the price increases by 0.01 EUR. That is, the last 10% of the tokens will be sold at 0.19 EUR each.

Hope this answers your question.

There has been a question asking about how to participate in our ICO. I have been busy and was not able to answer timely; it has since been removed for some reason. Still, this is an important question, so I am giving the answer as follows:


Indeed, we have not yet launched our ICO site. We will make a formal announcement once it goes live. There will be a delay of one month before our ICO begins.

Just to keep in mind that our ICO will require KYC. Interested investors can already submit their KYC information during this one month delay so as to ensure they can participate early.

This ICO site will carry over and become our marketplace as we launch. This means investors don't need to do KYC again to use our exchange and marketplace later.

We will accept a basket of cryptocurrencies. The investor who has passed the KYC can choose which cryptocurrency s/he wants to use (multiple is possible, too). Tokens will be distributed after our ICO ends with the shortest delay possible.

Our CEO, Dr Jiulin Teng, shares his view on ICO in a blog:

https://medium.com/@IdeaFeX/ico-more-important-than-ever-cb9502aa582d

In summary, we see a lot of difficulties but the situation is such that the health of the ICO scene is tied to the continued growth of the blockchain space.

Who are your team members?

Hi,

You can find the list of our team member here: https://www.ideafex.com/team

At the moment, we are not using ICO advisers, as we find it easier to talk directly to regulators.

We would like to build a group of regional representatives. It will be of priority after our ICO and as we approach the launch of our marketplace.

What benefits will regional representatives get?

We hope to incentivize representatives with our own tokens (IdeaFeX Token / IFX). Regional promoters can give referral codes to participants of local events and earn referral awards. We also want to allocate some funds for them to organize local meetups.

At the moment, we still haven't been funded (and we haven't launched our ICO). Therefore, these remain plans for the near future.

What are you planning to do in a case you won't rase enough funds diring sale?

Hi, we'll keep developing the marketplace and try to sell more tokens once we launch towards the end of the year.

Our CEO, Dr Jiulin Teng shares his view on ICO regulation in a blog:

https://medium.com/@IdeaFeX/ico-the-danger-of-over-regulation-ce454c5ebc49

Ok, I se your point.
Thank you.

Why are you doing ICO not ipo?

Our CEO, @DrJiulinTeng / @DrJLT, shares his view on the issues plaguing venture financing and ICO

https://medium.com/@IdeaFeX/ico-scams-highlight-issues-beyond-crypto-28db801062c2

He points to five issues:

• Lack of international coordination against non-violent crimes
• Opportunism
• Inherent risks in venture financing
• Futility in seeking "tips"
• Malicious competition

Short answer: we're not at the point where IPO would make sense.

Long answer: We see ICO as a means to build community while raising venture funding. IPO, on the other hand, is frequently used for initial investors, particularly VCs, to exit. Moreover, IPO can be overwhelmingly lengthy and expensive. It certainly is not suitable for us.

If you meant STO, please refer to the ICO series published by our CEO, Dr Jiulin Teng, for our view on the tradeoffs:

https://medium.com/@IdeaFeX/ico-more-important-than-ever-cb9502aa582d

https://medium.com/@IdeaFeX/ico-the-danger-of-over-regulation-ce454c5ebc49

https://medium.com/@IdeaFeX/ico-scams-highlight-issues-beyond-crypto-28db801062c2

The last article is forthcoming. It will focus on the community-building mechanisms that is truly innovative and unique in ICOs.

In the last of a four-part series, our CEO, Dr Jiulin Teng, shares his view on how utility tokens can build the community organically through supply and demand. He also shares a valuation model.

https://medium.com/@IdeaFeX/ico-innovation-that-builds-communities-980f7750ab8e

The market is not good yet, are you going to try to rase funds in such conditions?

Hi,

Yes, because it's not only the cryptomarket at the time of our token sale that needs to be taken into account; we also consider two other factors:

• The time it takes for us to fully develop and deploy the marketplace, and where the cryptomarket will be then?
• Could others build similar marketplaces and set up strong entry barriers?

As mentioned before, we have a clear plan to lead our marketplace to profitability. We think the tradeoff is worth it. Moreover, we also expect once the market is good there will be thousands of ICOs with huge marketing budgets. We don't have this luxury. In fact, if we had millions, we would put that into development, not marketing.

The CEO of IdeaFeX, Dr Jiulin Teng, elaborates on how blockchain can work better for financing and investment in a 9-chapter series. In the first one, he covers the issue of flexibility in supporting Exotic Assets and Product Futures.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-1-flexibility-243f2d63e4a3

In the second of the nine-part series, we cover the issue of access to financing and investment:

https://medium.com/@IdeaFeX/make-blockchain-work-ch-2-access-39dab58fbf6d

How does a marketplace for financing and investment with tokenized real-world assets work? Check out our updated deck:

https://www.ideafex.com/docs/IdeaFeX_pd_v3.3.pdf

We are launching our ICO whitelisting site soon. Follow us to stay tuned!

More on https://www.ideafex.com/

Twitter: https://twitter.com/ideafex_com
Telegram: https://t.me/ideafexgroup
Facebook: https://facebook.com/ideafex

The CEO of IdeaFeX, Dr Jiulin Teng, elaborates on the issue of navigation and its impact on efficiency, UX, and transparency in the 3rd of a 9-part series on how blockchain can work better for financing and investment.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-3-navigation-de0e2d969ca9

quite interesting the concept of investment projects and real world assets, I have not read the white paper, if it is really in accordance with the concept and the developer is working hard on this project to succeed, it is not impossible that many will invest

Thanks for your comment. If you're interested, please have a look at our white paper: https://www.ideafex.com/docs/IdeaFeX_twp_v1.1.pdf

We believe that we have a great idea behind our project. This is the premise of success. Of course, execution is the key in determining whether we can eventually be the major player in tokenized real-world assets. We are working hard towards that goal.

what about ICO? I read that Q2 2019 will take place, and do you have plans to launch the IEO ? see now IEO is very popular for new projects

Hello, yes, we're organizing our ICO between 18/06 and 18/08.

You can find the listing at: https://icobench.com/ico/ideafex

We will post an ANN here once our ICO whitelisting site goes live.

The CEO of IdeaFeX, Dr Jiulin Teng, writes about functional features and their impact on UX and transparency in the 4th of a 9-part series on how blockchain can work better for financing and investment.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-4-features-36a5ed27397e

We have published a new job offering:

https://angel.co/company/ideafex/jobs/558082-software-developer

The CEO of IdeaFeX, Dr Jiulin Teng, writes about Price Discovery and its impact on efficiency in the 5th of a 9-part series on how blockchain can work better for financing and investment.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-5-price-discovery-447377f3368a

The CEO of IdeaFeX, @DrJiulinTeng, comments on tokenization and debt in global economy and argues in favor of tokenizing real-world assets.

https://www.linkedin.com/feed/update/urn:li:activity:6537610249594118144

The CEO of IdeaFeX, @DrJiulinTeng, comments on tokenization and economic wars and argues that financing and investment with tokenized real-world assets can provide stability.

https://www.linkedin.com/feed/update/urn:li:activity:6537679303537233920

What is discount for whitelisting?

Sorry, I'm not following you. What do you mean "discount for whitelisting"?

Btw, our registration is open. You can find the announcement here: https://bitcointalk.org/index.php?topic=5148840

We are happy to say that the small hiccup with our profile on ICObench has been resolved:

https://icobench.com/ico/ideafex

Interested in a writing a review / making a review video for us?

Check out our Public Review Prize: https://medium.com/@IdeaFeX/ideafex-token-ifx-referral-function-2b5ae5adfe86

The CEO of IdeaFeX, Dr Jiulin Teng, writes about matching and resource allocation and their impact on efficiency in the 7th of a 9-part series on how blockchain can work better for financing and investment.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-7-matching-resource-allocation-f175da3d4b9f

Congratulations! IdeaFeX ICO rating (https://iconow.net/ico-2098/) by ICOnow 69/100.

https://iconow.net/icosource/logo/69.png (https://iconow.net/ico-2098/)
Business: 14/20
Product readiness: 2/5
White Paper: 7/10
Roadmap: 7/10
Legal: 4/5
Team: 17/20
ICO terms: 2/5
Token applying: 3/5
ICO Promotion: 13/20

Thank you. We're also listed on several other listing sites. We welcome the public to share their opinions and comments.

We continually find new listings of our ICO that we have not created.

We certainly thank everyone who helps spread the word.

We simply ask that you notify us of the listing, as ICOnow has. Sometimes there are errors that misrepresent us. We hope to avoid this.

Thanks!

We've received an interesting question:

Q: Can I register at https://ico.ideafex.com without a referral code?

A: Sure! When you register, you receive your own referral code, with which you can invite friends to join and start earning referral awards. More details at: https://medium.com/@IdeaFeX/ideafex-token-ifx-referral-function-2b5ae5adfe86

There has been several occasions where fake accounts pretend to be our team members and tried to scam other team members.

Today, a member in our Telegram group also informed us that a scammer pretending to be us tried to scam him.

Please be careful!

If it looks like a "Nigerian prince scam / Advance-fee scam" (https://en.wikipedia.org/wiki/Advance-fee_scam), it's not us. We only want your support in our community, of our service, and for our ICO, which will take place on https://ico.ideafex.com --- not any other site!

Thanks!

The CEO of IdeaFeX, Dr Jiulin Teng, talks about matching and resource allocation and their impact on efficiency in the 7th of a 9-part series on how blockchain can work better for financing and investment:

https://www.youtube.com/watch?v=IlznV8lVUSY

In this article, the CEO of IdeaFeX, Dr Jiulin Teng, shares his view on the impact of navigation on efficiency, UX, and transparency in making blockchain work better for financing and investment.

https://www.linkedin.com/pulse/make-blockchain-work-ch-3-navigation-jiulin-teng-phd/

I think it was preferable to choose the IEO format for selling tokens .  I think it will attract more investors to your project .

Thanks for your comment, Arthur.

We plan to conduct an ICO first and move to IEO if necessary. The reason is that the cost of an IEO is at the moment quite high.

Our CEO, Dr Jiulin Teng talks about Tokenized assets as proposed by IdeaFeX vs Nationalism in a post:

https://www.linkedin.com/feed/update/activity:6542815839245213696/

Thanks, the public sale will launch on 18 June 2019. Please find the announcement: https://medium.com/@IdeaFeX/ideafex-token-initial-public-sale-w-referral-review-competition-and-signature-offers-45c0b0e59a3f

Cool
Do you have whitelisting?

We have registration open at https://ico.ideafex.com

Some basic background info will be asked for participating in the ICO, but nothing too complicated. It's mostly for reporting purposes. This is in the "Verify your account" page. It'll be available a couple of days before the ICO starts to allow users time to do it if they're interested in participating on the first day.

Our CEO, Dr Jiulin Teng, talks about asset tokenization in the IdeaFeX way as a force against inequality in a post:

https://www.linkedin.com/feed/update/urn:li:activity:6543411841694076928/

The CEO of IdeaFeX, Dr Jiulin Teng, writes about transparency and its impact on robust efficiency in the 8th of a 9-part series on how blockchain can work better for financing and investment.

https://medium.com/@IdeaFeX/make-blockchain-work-ch-8-transparency-3759d89ecf63

In recent days, we've received propositions from many impersonators of popular YouTubers. Please refrain from wasting our time. We shouldn't be in business if we couldn't recognize such simple scam.

We will be writing a book about all the unscrupulous activities people attempt at a blockchain startup later this year. There has been enough material for a dozen chapters.

Dr Jiulin Teng shares his view on Price Discovery and its impact on efficiency in the 5th of a 9-part series on how blockchain can work better for financing and investment.

https://www.linkedin.com/pulse/make-blockchain-work-ch-5-price-discovery-jiulin-teng-phd/

Tomorrow, we plan to launch our account verification service for our upcoming ICO, R U ready?

https://ico.ideafex.com/

Stage 2 of our daily airdrop giveaway competition is now available. Same rules: 2000 IFX (380 EUR) / winner, 3 winners per day (starting from Friday 14/06):

https://www.ideafex.com/competition

Plus Stage 1 is not over yet! + Follow us on social media for more updates!

We're thrilled to announce that Account Verification is now OPEN for our upcoming ICO scheduled between 18/06 & 18/08/2019!

Our Referral Awards, Daily Airdrop Giveaway Competition, & Public Review Awards stay open. Details:

https://medium.com/@IdeaFeX/ideafex-token-ico-account-verification-open-daily-airdrop-giveaway-stage-2-launch-ba0ce294ae0d

The CEO of IdeaFeX, Dr Jiulin Teng, talks about transparency and the need for robust efficiency in the 8th of a 9-part series on how blockchain can work better for financing and investment.

https://youtu.be/8V_16XOG6tU

Stage 1 of our daily giveaway has ended. Have you won?

Check out the results: https://www.ideafex.com/competition

Stage 2 has just started. Spread the word and grow with us!

I have not tried it and if I am lucky, of course it is really happy because later I will get 2,000 IFX and I think from now on we can also spread the news related to this project and good luck

IdeaFeX's ICO has finallly started! You can purchase $IFX with $BTC, $ETH, $BCH, $LTC, $XRP, $EUR, & $XLM.

https://ico.ideafex.com/

Glad to participate in this project with a team of professionals, guys know what they are doing! Good job!

So far, I have seen the team work well and after all we have to appreciate it. Hopefully they can be consistent like this and most importantly, we continue to support their team to be able to develop their projects

Important note: Some people on social media wrongly accuse us based on our ethnicity. We are a real company from France. Here is the link to the official registry (English): https://www.infogreffe.com/entreprise-societe/850251844-ideafex-france-750119B115700000.html

Please choose the "Desktop" version of the website. It appears that their mobile site is down. Alternatively, visit societe.com: https://www.societe.com/societe/ideafex-france-850251844.html

We're making a major announcement tomorrow that'll further empower our users and offer immediate rewards for referral and KYC. Plus, we'll improve the process to participate in our ICO and offer more transparency. Stay tuned!

wow very interesting !, will IdeaFex launch the IEO in some markets later?
Seeing that now all projects launch the IEO, I am sure that IdeaFex will be successful

New on 23 June 2019 (also updated in the original post):





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.




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.

Thank you. This will depend on our ICO. If we have sold all tokens, we will only list on exchanges. Otherwise, we may conduct an IEO; or we may sell our tokens on our own exchange when it launches. This is a strategic decision that we will have to make.

50 IFX (0.025 ETH) for every REFERRAL + 20% fees collected! This is an update to our Referral Announcement:

https://medium.com/@IdeaFeX/ideafex-referral-rewards-updated-d4653e13812f

Here's a video that explains why & how by Dr Jiulin Teng, the CEO of IdeaFeX:

https://www.youtube.com/watch?v=DH8-PNE7JY4

Пo кoкoй цeнe бyдeт тoкe

Bitcoin disappoints: it's still deep in the Pump And Dump game. That's why the future for blockchain should be REAL-WORLD ASSETS!

https://medium.com/@IdeaFeX/make-blockchain-work-ch-9-standards-7fe4556acc2a

Our server update is complete! Users will find tokens from our airdrop campaign credited to their account.

We encourage everyone to follow us on all our social media channels to stay up-to-date with the latest developments:

https://medium.com/@IdeaFeX
https://www.facebook.com/ideafex
https://twitter.com/ideafex_com
https://www.linkedin.com/company/ideafex
https://www.reddit.com/r/ideafex
https://t.me/ideafexgroup
https://www.youtube.com/c/IdeaFeX

We're glad to announce that we've just sent all winners in our daily giveaway airdrop competition their IFX!

You can see the transaction here: https://etherscan.io/tx/0xccaff36705012731975679edba1279ccce22c4b0c9ea7a692108c4eebbbbfddc

To add IFX to your wallet (so that it displays correctly), please follow the instructions at https://ico.ideafex.com.

Also, please note that among 87 winners only 71 registered, only 55 registered their wallets, and only 52 among them have passed KYC.

We're glad to announce that a new form for BTC, EUR, & LTC purchases are not available.  This update aims to make it easiest to purchase the IdeaFeX Token. We recommend using our smart contract for ETH purchases.

...like any other coin that is listed on third party exchanges, not just used on their own website. Not saying that your token is bad (did not get a chance to analyze it properly) but might want to take it down a notch. Even in the post above the guy mentions:
But here we are !
Would be better to focus on your own roadmap and project than comparing your ERC20 token to "the highly pumpable BTC" ... just a thought  ;)

The CEO of IdeaFeX, @DrJiulinTeng, analyzes Scams in ICO & cryptocurrency: influencers, marketers, exchanges, advisers, investors...

https://medium.com/@DrJLT/ico-scammers-everywhere-7e3423ebc3f4

I read on the website that IFX can be staked?
how many rewards will you get if you are staking IFX? this seems very interesting

Please see the formal announcement of the cancellation of IFX token sale here: https://www.ideafex.com/ifx#cancellation

We will continue to develop our product and aim for a launch later this year.

Unfortunately, due to lack of demand in our ICO, we have decided to cancel it. For more details about our project, we encourage you to read our Medium page: https://medium.com/asset-tokenization/ and our White Paper: https://www.ideafex.com/docs/IdeaFeX_twp_v1.2.pdf

The CEO of IdeaFeX, @DrJiulinTeng analyses the blockchain, cryptocurrency, and ICO landscape as a post-mortem: In this article, he discusses pitfalls in promotion / marketing.

https://medium.com/asset-tokenization/ico-pitfalls-in-promotions-aka-stop-your-bounty-campaign-airdrop-and-press-releases-now-2dca7c7f47d9

IdeaFeX adopts a new corporate logo! Goodbye & thanks to our original logo that has been with us for 18 months!

https://medium.com/asset-tokenization/ideafex-adopts-new-logo-updates-social-media-plan-64b326963a31