The InterFinex native utility token – called FIX Token – introduces a revolutionary approach to exchange tokens by applying the work token model. We call it the Flexible Liquidity Incentive. Market makers in effect become service providers on the platform.
To increase liquidity in illiquid markets we’re introducing “variable fees” – paid directly from market takers to makers as an incentive.
Markets where more liquidity is required (there is a shallow order book) have a higher variable fee set (up to 0.15%). That acts as a major incentive for being a maker in that market, as makers receive the entire variable fee. Markets with a lot of liquidity have a lower variable fee. End result: the more liquidity is needed in a market; the more market makers are incentivized – directly by takers.
FIX Tokens secondary functionality is to power the three-tier membership structure of InterFinex.
