Topic: [ANN] IdeaFeX --- Marketplace for Tokenized Real-World Assets - page 5. (Read 3068 times)
The market is not good yet, are you going to try to rase funds in such conditions?
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
https://medium.com/@IdeaFeX/ico-innovation-that-builds-communities-980f7750ab8e
Why are you doing ICO not ipo?
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.
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:
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
Why are you doing ICO not ipo?
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.
Ok, I se your point.
Thank you.
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
https://medium.com/@IdeaFeX/ico-the-danger-of-over-regulation-ce454c5ebc49
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.
What are you planning to do in a case you won't rase enough funds diring sale?
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.
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?
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.
Who are your team members?
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.
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.
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.
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.
What discounts do you have at early stages?
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.
What are you going to tokenize on your platform?
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.
Or collectibles?Are you going to keep them or what do you imagine?Do you have secure vaults?
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, how can I use your token?
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.
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.
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.
What are you going to tokenize on your platform?
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.
Or collectibles?Are you going to keep them or what do you imagine?Do you have secure vaults?
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