What is Iconic?
Iconic is an ecosystem for ICO’s. They aim to provide a platform where businesses can seek funding through the blockchain. Businesses can provide their ideas, network with investors and other companies, and get the capital that they need to take off.
Iconic will also provide a way for venture capitalists to safely invest into businesses and ICO’s through guaranteed assurance escrows. One of the biggest problems with ICO’s today is that there are quite a few who have taken investors’ money and gone on the run with millions of dollars, or that failed and were unable to return investor money.
Through the Iconic ecosystem, both businesses and investors will be able to find the right match. Smart contracts will guarantee that each party follows through, and gets what they deserve out of the deal.
- Financing Environment: If you have an idea for a business, one of the easiest and most secure ways to get funding is through the blockchain. Iconic’s ecosystem will allow businesses to search for the funding that they need.
- Trading Environment: Members of the Iconic ecosystem will be able to easily buy, sell, and trade their tokens on an the platform.
- Assurance in Investment: Iconic will provide escrows and smart contracts that will guarantee investment terms. Businesses will get the money that they need, but will also be expected to deliver on investment and be required to have a backup plan to return investor money.
What Issue Does it Solve?
The ICO marketplace has gotten a lot of backlash in the past year as several fraudulent companies outright stole all of their investors’ money. Without the guaranteed assurance of return, investing in any ICO has become a risky business, and many investors who would otherwise be interested have taken a step back.
Iconic wants to solve this by creating an ecosystem for ICO investment. It will allow businesses to seek funding without having to spend tens of thousands of dollars on advertising and will give investors the assurance that they need to invest into new ICO’s.
Token Sale Information
- Website: https://www.joiniconic.com/
- Whitepaper: https://joiniconic.com/docs/whitepaper_EN_10.pdf
- Token name: NIC
- Token Sale: May 1st – May 31st 2018
- Accepted payment: ETH
- 1 ETH = 30,310 NIC
- Hardcap: 14,100 ETH
- Softcap: 2,800 ETH
- Available to all countries
Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.
- Assurances make it easy for investors to trust ICOs
- The ecosystem makes it easy for businesses to seek funding without having to pay for extra advertising
- Iconic connects investors and businesses on one large network
- Several ICO’s already funded through Iconic
- No visible cons.