## 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.

More details about circulating supply and the vault contracts which contain the locked funds can be found here: https://interfinexio.medium.com/interfinex-distribution-schedule-c99354b37d3f

### Where Can I Buy Interfinex Bills (IFEX)?

IFEX is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[Hotbit](https://coinmarketcap.com/exchanges/hotbit/)
[FinexBox](https://coinmarketcap.com/exchanges/finexbox/)

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.

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