Fundraising Bonus
In its fourth function, IFX grants fundraisers who choose to raise exclusively in IFX an additional discount on fees. Specifically, if a fundraiser auctions off an asset on IdeaFeX and chooses to accept only IFX, they will receive an additional discount on top of that from the Discount function.
This additional discount follows a simple schedule: It is not activated within the first year after the official launch of our marketplace (scheduled in late 2019); hence, the discount rate is 0. In the second year after launch, the fundraising bonus function becomes active for IFX. The initial discount rate is 12.5%. In the third year, it is increased to 25%. Beyond the third year, IFX will always offer 50% discount to fundraisers who accept IFX exclusively in their funding auctions.
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This is the exert of a post published by us on our Medium channel: https://medium.com/@IdeaFeX/ideafex-deep-dive-15-ideafex-token-functions-c-78d5fa126d51