What is Interfinex (IFEX) | What is IFEX token

What Is Interfinex (IFEX)?

Interfinex is a decentralized financial platform that allows you to trade any ERC20 token. In addition to this you can also margin trade and loan any ERC20 token.

IFEX is the native utility token that is used for:

• Governance for voting on margin trading parameters and other proposals
• Reducing the amount of fees paid when swapping tokens

How Many IFEX Coins Are There in Circulation?

Interfinex launched on October 22, 2020 with 2.1 billion IFEX tokens created at genesis.

Distribution of these tokens is as follows: 30% is currently being distributed via Yield Farming up until May 2021, 30% via additional DeFi incentives until May 2022, 1% was distributed via airdrop, 2% was distributed via bounty, 20% is reserved for the team and locked until December 2021, 10% is reserved for marketing and locked until March 2021, 7% is reserved for additional community incentives and is locked until March 2021.

Swap Trade

Convert any ERC20 token into any other ERC20 token and pay a fee of 0.1% on all trades — Or provide a referral and receive a 51% discount (0.049% fee).

Liquidity Pool

Deposit an equivalent amount of ERC20 tokens into the pool and start yield farming. The amount you earn will be dependent on the fees paid and the amount of liquidity deposited. Earn ERC20 tokens and Interfinex Bill tokens in every liquidity pool.

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