> For the complete documentation index, see [llms.txt](https://ideax.gitbook.io/lite-tokenomics/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ideax.gitbook.io/lite-tokenomics/success-events.md).

# Success Events

NB: This will commence with the new $IDEAX token smart-contract.

IDEAX success events will be triggered on the following actions (activity) that occurs on/off the IDEAX platform and/or ecosystem. This is then pegged to the token/s itself which in-turn could supercharge its value and the pegged token metric levels.

We may update these in the future to further support and enhance the IDEAX ecosystem and welcome your feedback.

* **# of Registered Startups (Phase#1)**
* \# of Registered Investors (Phase#2)
* \# of Paid Subscriptions (Phase#3)
* \# Startup Funding Received (Phase#4)
* \# Equity % owned by IDEAX (Phase#5)

We are currently finalising how the current $UCM token can interact with the above success events and in the interim, we will create a virtual token called $IDEAX that can be used until the actual $IDEAX token and IDEAX NFTs have been created. This is planned for Jul/Aug'23

**Example**

When a success event happens it then triggers a pegging action for the token. For example # of registered startups on the IDEAX platform.

Based on the [Pegged Token Metrics](/lite-tokenomics/pegged-token-metrics.md) a good **example** of this could be.

1. Initial pegged token price is $0.01 cent
2. Initial pegged token value is 1,000 $UCM tokens
3. Once 100x startups are registered on the platform, the $IDEAX smart contract increases the pegged token price level to Phase#1
4. There are initially 10x pegged price levels starting from 100x registered startups up to 100,000x registered startups
5. Each pegged price correction will potentially offer token holders and registered startups/investors significant returns based on the number of registered startups on the platform (Phase#1)