IFX24 (IFX24)

Launched on 05/30/2019, IFX24 Exchange is an interest-free trustless margin trading exchange that provides interest-free loans by enabling users to collateralize their digital assets to get a stable coin pegged to the price of XAU "DXAU" at zero fees. IFX24 also replaces centralized account balances with a decentralized smart contract on the Ethereum blockchain that holds all account balances. This hybrid model of a centralized matching engine coupled with decentralized account balances gives traders the speed and reliability of off-chain price discovery combined with the trustless security of on-chain account settlement. IFX24 tokens are also used to pay transaction fees on the IFX24 exchange and provides holders with voting rights within IFX24 voting system.

IFX24 is an erc20 token that combines decentralized governance, and a self-funding treasury. IFX24 allows a users to stake his or her IFX24 token for a share of the new ifx24 token issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The IFX24 staking smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of IFX24 for longer periods.