4.1 Description

The native cryptographically-secure fungible protocol token of the IVEX ecosystem (ticker symbol $IVEX, issued as an ERC-20 token) is a transferable representation of attributed utility and governance functions specified in the protocol/code of the IVEX ecosystem, and which is designed to be used solely as an interoperable utility token thereon. It is not just a digital asset, but a versatile instrument that provides access to unique utilities to participate in the development of ecosystem projects.

IVEX token is not a speculative asset, but a tool for access to real participation in the management of a unique ecosystem that bridges the real and digital worlds.

$IVEX is a functional multi-utility token which will be used as the medium of exchange between participants on the IVEX ecosystem in a decentralised manner. The goal of introducing $IVEX is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the IVEX ecosystem without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $IVEX does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $IVEX entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the United Arab Emirates, Singapore or any relevant jurisdiction. $IVEX may only be utilised on the IVEX ecosystem, and ownership of the same carries no rights, express or implied, other than the right to use $IVEX as a means to enable usage of and interaction within the IVEX ecosystem. The secondary market pricing of $IVEX is not dependent on the effort of the IVEX team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, $IVEX provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the IVEX ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $IVEX is an integral and indispensable part of the IVEX ecosystem, because without $IVEX, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $IVEX will be awarded to a user based only on its actual usage, activity and efforts made on the IVEX ecosystem and/or proportionate to the frequency and volume of transactions, users of the IVEX ecosystem and/or holders of $IVEX which did not actively participate will not receive any $IVEX incentives.