if you're exploring @IPXExchange don't confuse its three different assets. they serve different purposes. 1. IPX: this is the protocol token. purchases route through it, and it serves as the quote asset for project markets. 2. USDC: this is the stablecoin used for the production fundraising budget. under the current model, production funds are held in milestone escrow. 3. project tokens: each approved project has its own token. these tokens are connected to that project's market and defined membership structure. why does this distinction matter? because holding IPX isn't the same as holding a specific project's token, and neither should be confused with the USDC allocated to production. each asset has a different role in the platform. understanding this makes IPX's fundraising and trading mechanics much easier to follow.