Star Token appearing out of IFT, DEX

01

Preface

With the growth of the cryptocurrency market, the number of users taking part in digital currency purchases and transactions is also increasing, and users have higher and higher needs for the security and ease of use of digital assets. From the wallet that broke through through the initial IXO boom-ImToken; to the Dapp boom in the second 1 / 2 of 2018, the wallet integrated various Dapp interfaces for customers to utilize, among that your popular wallets at the time were Meet up with.1, TokenPocket, etc.; and later on , The diversified functions of the wallet tend to be more notable. The main wallets continue to iterate their items, and the built-in exchanges, asset financing along with other functions have been updated successively.

At present, whether it is a hardware wallet or an on the web wallet, there are so a lot of things that can be said to be ridiculous. Just a good user expertise and a new path of landing ecological scene will occupy its own location in the entire wallet monitor. IFWallet is a different kind of wallet. While offering customers with safe digital asset storage, in addition, it provides customers with more diversified digital asset solutions. In under one 12 months, the price of its ecological token IFT is accompanied by the entire ecosystem. It has been enhanced and received a strong response. Weighed against March this year, it once rose a lot more than ten times.

02

Ecology

As mentioned on the homepage of IFWallet official site-"The infinite possibilities connecting you to the blockchain", IFWallet is one portion of the IF ecological series. IF itself takes into account several meanings. It represents both Internet Financing and English terms. This is of infinite possibilities represented by if. IF initially centered on digital asset management, and its own representative core item is the digital asset wallet IFWallet. Upon this foundation, the IF ecosystem is "more and more prosperous", and different items such as IFBlock and IFTip are usually progressively taking shape, building a digital asset application ecosystem.

wallet

The wallet is the most elementary and core portion of the IF ecosystem. Wallet items can be said to be the best traffic entry for the existing digital foreign currency and blockchain industry. Users' requirements for wallets are not limited by pure storage functions. The prevailing digital foreign currency wallet is more like an electronic asset platform, where users can perform functions such as lending, trading, mortgage, etc., with richer functions and more diversified requirements. IFWallet App and wallet background services are items in the IF ecosystem offering different functions for the C-side and internal applications respectively, and are a significant cornerstone of the entire IF ecosystem.

It really is understood that IFWallet is a HD+Online digital asset and identity management system that supports multi-chain and multi-account asset management, supports BTC, BCH, BSV along with other general public chain currencies, a large number of ERC-20 tokens, etc., and provides several The currency's decentralized built-in trading system, the wallet style is humanized, and the functions are sensible, providing customers with a lesser threshold and more convenient digital asset services.

Multi-chain asset management

IFWallet adopts HD's hierarchical construction. For different foreign currency wallets, through a wallet identity, multi-chain assets could be jointly handled. At the moment, IFWallet supports 9 general public chain tokens which includes BTC, BCH, ETH, etc., and implements professional address management. Users can more easily control their very own resources, and at exactly the same time can switch between different wallets, manage mnemonic words and phrases, private keys, and addresses.

Asset gain

In the initial digital currency wallet ecology, users' needs for wallets were only transfer obligations and asset storage; with the 17-12 months IXO boom, wallets assisting ERC-20 tokens represented by ImToken started to be sought after by customers; to In 2018, under the Dapp wave, multi-chain wallets and Dapp market entrances grew to become the signs of most wallets, from Trust Wallet because the entrance of Fomo3D in 18 years, to Meet.1 supporting EOS applications and Tron varieties by the end of 2018 Applied Tronlink, etc.; by 2019, wallets have been given more diverse roles. According to user requirements, built-in functions such as mortgage lending of digital assets, currency dealings, and task voting have progressively improved.

IFWallet is among the decentralized CET Chain general public chain nodes initiated by the CoinEx exchange. Customers can vote on CET nodes and associated proposals through their wallets. Voting can buy the corresponding dual benefits of CET and IF ecological token IFT. When digital resources are stored, gain additional token income. The IFT ecological token benefits obtained by an individual can unlock the advanced features of the wallet in the IFWallet item, and acquire the privileges and interests of long term node excess income, rebate revealing and so forth.

DEX exchange

IFWallet provides two types of built-in foreign currency transaction services: foreign currency flash swap and DEX transaction. Users can buy the instant exchange price on the foreign currency flash exchange user interface, choose the corresponding foreign currency by themselves, and perform fast exchange. The DEX trading function can provide customers with a more detailed price reference. IFWallet provides 5 degrees of price pending purchase reference for buying and selling, and customers can adjust the foreign currency price accuracy by themselves to conduct foreign currency transactions at more accurate prices.

Full user experience

IFWallet wallet provides a diversified consumer expertise for different customers. The cellular terminal already supports iOS and Android platforms, supports Chinese and English along with other languages, and provides localized solutions for global customers.

The operation interface of IFWallet is easy, even though you are a wallet, you only need to set the PIN code to control the wallet, assistance HD wallet + cloud wallet dual wallet service, and assistance multi-currency wallet, single currency wallet, cold wallet , Observe various settings such as wallets, users can choose different types of wallets in accordance with their needs.

IFBlock

IFBlock plays a good auxiliary function inside the IF ecosystem, providing customers with block explorer data for BTC, BCH, BSV, LTC, and FCH, including block era information, block dealings, and basic token details And so forth, and built with the corresponding price trend, transaction quantity craze on the chain, in the most direct way to provide customers with relatively complete info on the token chain.

In addition to being quoted by various public chain tasks, wallets, and exchanges as a block explorer, IFBlock continuously shows the IF brand to the exterior world. In addition, it assumes the essential responsibility of reading data on the chain in various application scenarios of IF in the future. IFBlock can be an essential portion of the IF ecology. By rapidly updating and pushing data on the chain, it will realize the hub of IF details flow. Everything goes through the chain, and everything read goes through IFBlock's data evaluation and distribution push.

IFTip reward robot

If IFWallet is the heart of the IF ecology, and IFBlock is the powerful auxiliary wings of the IF ecology, then IFTip is the legs that connect the IF ecology to the earth and is the most commercially valuable landing item in the entire ecology. IFTip is a multi-platform digital asset rewarding robot, capable of basic community management and exercise, and rewarding conversation between users, so that more people may use digital resources in the simplest way.

Features

IFTip's functions include interactive benefits between users, sending digital asset red envelopes, and querying token prices. It could be predicated on social systems such as Telegram/ Line group/ Weibo to enrich the conversation of community customers and provide fun interactive functions. Users can create digital wallets by speaking, which greatly reduces the user's threshold for use. At the same time, a large amount of user data is obtained, suggestions is carried out for product functionality iteration, and the event of rewarding robots is continuously optimized to provide landing and procedure functions for more commercial scenarios .

User latest data analysis

IFTip has been officially launched by the end of February this year and contains been officially functioning for 130+ days. It has a total of 2,223 service groups, with more than 1.6 million service groups, 940,000 wallets made up of a zero threshold, and more than 4.1 million robot rewards.

From the state information supplied by IFTip, it can be discovered that the service of rewarding robots has experienced explosive growth in April-May. The amount of new daily customers reached a new peak in-may. The amount of new solutions added in one day was 55,870 on 5.11; the number of daily benefits exceeded 130,000 for the very first time on 5.23. It could be found from various data that since April, IFTip rewarding robots have been used in more communities, and the shipping rate and the number of radiated crowds have shown a continuous acceleration trend, although the rate of new additions has slowed down in June , But with the optimization and iteration of more functions of the reward robot in the later on period, more individuals and partners will have a better service experience.

Competitive product analysis

Analyze IFTip's competitive products with common rewarding robot items available. Although IFTip was officially launched to market customers in mid-February this year, it can be released across multiple systems and communities, and within a couple of months, it will be launched locally More than 2000+, 5 primary communities, covering a lot more than 1.6 million people, and supporting a lot more than 1,000 resources on / off the chain. Because of the rapid development and iteration, it has a better user expertise than other rewarding robots. And faster reaction speed.

01

IFT token

Based on IF's group of products, When has issued its ecological equity token IFT. Beginning with April 2020, IFT will be improved from "IFWallet Token" to "IF (IoT Factor) Token" for the whole IF ecosystem. Holders can enjoy Related rights and interests of multiple items which includes IFWallet and IFTip.

IFT token function

Earlier IFT was just a public chain staking node token issued about CoinEx. IFWallet is the 1st wallet to aid CET and in addition acts as a node of CET. When customers use CET to vote for nodes, they can get IFT. Placing so that earlier voters might have better returns.

In the later on period, IFT was gradually upgraded to the entire ecological group of tokens. From the IFT rename in April this year, it can be discovered that IFT isn't only special to IFWallet Token wallet tokens, but extended to the entire IF group of products, learning to be a more in depth Equity tokens. In addition to making use of IFT in IFWallet, users can also use IFT in the IFTip reward robot for benefits, red envelopes, task airdrops, etc., to quickly expand customers and activate on-chain transactions.

Weighed against 17/18, many blockchain projects which were issued solely based on "a white paper" didn't have any real landing scenarios. Beneath the banner of the blockchain, they were advocating and imagined, and the issued projects were near zero. IFT comes with an actual consumer group, and the landing business scenario starts from the lifestyle of customers and expands rapidly. In the current market, age preaching fantasy tales has slowly faded. The tide has faded. Projects that aren't really naked could be more favored and sought after by the marketplace. Practical projects are usually what the blockchain ought to be.

Token Economic Model

Officials haven't officially issued IFT-related white paper documents. Based on the details attained from the state website, the quantity of IFT issued is 2.1 billion, of which 100 million are employed for CET node incentives and procedure advertising. The halving destruction mechanism is followed. From April 2020 onwards, weekly Repurchase and destroy the launched IFT and make relevant announcements.

At the moment, the IF group has carried out the eleventh repurchase of IFT

The destruction will continue until all of the portion of the voting release is repurchased and destroyed. The deflationary token design will provide relatively good assistance for the IFT price.

Price performance

At the moment, IFT can only just be traded about CET DEX. It has two trading pairs: IFT/CET and IFT/BCH. The earliest launch period on CET DEX is November 2019. The price has been around the same time period from 2019.11 to 2020.03. There was not much improvement, and trading quantity is extremely unstable. But after 2020.03, that's, when IFTip reward robots started to be launched locally in large numbers, the demand for IFT has greatly increased, the transaction volume has gradually increased, and the price has also increased significantly contrary to the CET exchange rate in three months.

It could be seen that the price increase of IFT is closely related to the development of the IF task. Even though IFT does not have a centralized system with good on the web liquidity, in a DEX, there are not many initial IFT consumer groups. To be able to satisfy the use of IFWallet Some solutions have only purchased a small amount of IFT, and today the launch of IFTip reward robots, the number of customers of IFT has elevated exponentially, and IFT has also transitioned from a wallet token to a multi-series equity token, with more application scenarios .

If IFT launches some centralized trading systems with better liquidity in the later on period, then IFT's secondary market transaction situations and data will be further enhanced, and the huge user foundation and application scenarios will assistance IFT's good performance previously 90 days Key factor

Token comparative analysis

Comparing IFT with comparable wallet tokens, from the perspective associated with on the web exchanges, IFT presently has fewer on the web exchanges and is a decentralized trading system. The liquidity of the secondary market needs to be improved; In terms of growth price, after IFT released the rewarding robot, the price has already been quickly supported. Previously three a few months, the price has elevated by a lot more than 10 times. Just Kcash has relatively good price efficiency in similar items previously 90 days, and the product experience of Kcash is not in the market. It really is nicely received; from enough time of task listing, both TWT and MATH participate in the task tokens freshly promoted to the Shanghai Stock Exchange this year. From the viewpoint of price efficiency alone, the original price of the Shanghai Stock Exchange is relatively high because of the relatively high market heat, and subsequent successes are usually slightly weak.

Overall, IFT's price performance previously three months continues to be relatively good. Even though secondary market's liquidity is slightly lower, the price efficiency in these 90 days has much exceeded that of comparable competing products. It is possible to continue to look forward to online dealings with better liquidity. After that, it brought more capital attention.

04

Investors and partners

IFTip's partners include exchanges, processing power platforms, foreign currency circle mass media, etc. The industry's cooperation resources are very rich and comprehensive. The IF task received early expense from CoinEx/ViaBTC, so the two are usually closely associated in collaboration. In addition, the IF task has cooperation with businesses or institutions in various fields such as Hoo Swap, RockX, BCH Ecological Fund, SOSOLX, and VNS open public chain.

05

risk warning

Following the IF task ecology was launched available, the ecological layout and IFT price have been greatly improved, but some details have to be taken notice of:

First of all, although IFWallet is more friendly to entry-level customers, for most modules such as DApps or wealth management and financing that other wallets have, IFWallet's functional modules are biased towards simple. It is necessary to pay focus on if the project development strategy works, which means you want to give consideration The development progress of its group of products;

Finally, IFT has not yet accepted the secondary market liquidity test. It currently only trades on the CET DEX decentralized system, and the marketplace dimension and depth also have to be enhanced. If the centralized exchange is released later, the marketplace can withstand external funds dumping , Is also a significant risk point in the future.

The current currency price has risen too much previously 90 days, and subsequent investment needs to be assisted by an individual data of the IF project. If an individual data keeps growing and the transformation is good, then the currency price could be strongly supported. If the development is weak, you then have to be cautious about the currency Costs have grown too fast, leading to a fall.

06

to sum up

As IFWallet CEO Deng Guodong mentioned on the second anniversary of IFWallet this year, “blockchain may exert great strength through ownership and incentives, and gather more people to take part in the design.” The IF group is conducting a long-term “blockchain experiment". The issuance of Token is not just for speculation and funding, but to meet the basic token dealings in the first stage, and at exactly the same time to create real items to create Token have moments and support, then even in a decentralized trading platform, it is carried out in obscurity. A token experiment can also obtain everyone's interest. It has nothing related to where the stage is, but with would you what. That is also a significant reason why IFT will get our interest. IFT could be seen as a celebrity token appearing out of DEX.