ICONIQ LAB- Token Launched Accelerator Program
OVERVIEW
Lately, a steadily increasing number of ICOs are being launched, and consequently, there is an increase in problems that plague these kinds of investments. In traditional early stage funding, there are many stages
of verification to ensure that an investment is sound and well-organized. In the current ICO market, however, there are few formal financial valuations and firms hardly do their due diligence; this has led to a general lack of quality assurance. As a result, even high quality startups struggle to launch successful ICOs, and there have been many cases where wrong legal advice led to disagreement between a project’s team and their investors. Cases where financial ineptness led to disputes have also been reported.
Iconiq Lab Accelerator offers a solution to this problem in the form of high-quality due diligence. They want to help promising new projects succeed in a field were failures abound, and at the same time, they want to help investors verify the quality of the project they are about to invest in.
ABOUT ICONIQ LAB
Launching an ICO requires capital, know-how, expensive legal consul- ting, connections to crypto market participants and the right tokenizable idea from a startup. Additionally, ICO participants are disem- powered to perform proper due diligence on crypto participation opportunities, leading to potential scams and fraud. Legal ambiguity and no formal post-ICO reporting structure inevitably detracts many startups and investors from participating in the crypto markets.
Iconiq Lab is the world’s batch-driven accelerator program for prospective ICO projects. Through the own token launch, we will raise the capital necessary to provide seed funding to the best projects and management teams interested in launching an ICO. We will source, perform due diligence on and accelerate the most promising projects to an ICO launch, holding program graduates to a fully-transparent development and financial
reporting standard. Collectively, this creates then best crypto and token participation opportunities for the crypto markets.
FEATURES OF ICONIQ LAB
**Source and fund top startups, projects & teams: identifying and performing due diligence on a pipeline of program applicants, selecting projects to seed
fund and admit to the accelerator.
**Accelerate teams to a token launch: Expert services for tokenization, ICO legal
frameworks, best practices in marketing and white-paper construction, general business development.
**ICO participation opportunities: The tools to participate in ICOs which went through due diligence processes and are supported by accelerator.
HOW IS THE PLATFORM USEFUL TO MEMBERS
For the ICNQ token buyers, tokenized access to our premium services is offered. The creation of the ICNQ membership token that gives exclusive access to a pro-rata base to participate in pre-sales of tokens issued by the startups that graduate our acceleration programme. It means if I do not have any ICNQ, but you have one ICNQ,then you can participate in pre-sales of tokens issued by the Iconiq Lab startups but I can not. But if I have one ICNQ, but you have 10 ICNQ then you can buy ten times more than me. Only members can buy startup tokens for pre-sales, but non-members can purchase
startup tokens in public sales. Yes, one of the primary added values of having ICNQ token is the opportunity to buy startup tokens in early stages with discounts. But it
is not the only value. ICNQ token holders
have privilege rights to provide feedback on
applicants during the selection process, thus helping the Iconiq Lab team to source only the most exciting projects from their perspective as well as to help selected startups shape their token models. The
startups’ public sales, after the exclusive presales, create downstream liquidity for our ICNQ club members.
HOW TO APPLY FOR THE ICONIQ LAB PLATFORM
Startups can apply for the accelerator program and on application, they will be put through a thorough evaluation process. If chosen, a startup will receive €25,000 seed funding and up to €200,000 in ICO-related expense coverage, along with a 12-week pre-ICO program that will provide access to various Iconiq Lab experts. The startup will receive legal, financial etc. advice from these experts on how to launch a successful ICO. For their work, Iconiq Lab will receive 5–10% of the total tokens from the chosen startups, depending
on targeted launch size and funding provided.
WHY BLOCKCHAIN
Many observation that will increase applications from startup that would like to issue token in been put on ground. For example in August 2017 six applications was received per week,while in February 2018 not less than 20 application was received per day. The acceleration is driven not yet by mass adoption of blockchain technology but by mass adoption of blockchain as a concept. More people in conferences, meet ups, and other events are actively discussing blockchain and tokenization. This drives interest towards Iconiq Lab services and other program.
TEAM
The team members are qualified and well know expertise in their area of specializations. They include business experts, tag market experts, marketing experts, legal experts, software engineering experts and blockchain development experts
ICO
Tokens sold for sale: 75%
ICO start: April 15, 2018
End of ICO: May 31, 2018
Type of the token: ERC20
Accepted payment: ЕТН
1 ICNQ price: 1 EUR
CONCLUSION
Iconic Lab plans to evaluate each start-up thru their due diligence process as to ensure quality projects make it to their accelerator program. Not only that, for us investors, joining in future start-ups under
Iconiq Lab will be less risk for us. And will truly achieve our goal to make stable and higher return on investment (ROI). As an owner of ICNQ, you will have access to premium content (financial reports,
research material, and a dedicated forum). In addition, you can also provide feedback and help startups in the Iconiq Lab program design their token model.
For more information visit:
Website: https://iconiqlab.com/
Telegram: https://t.me/iconiqlabchat/
ANN thread: https://bitcointalk.org/index.php?topic=2344489.msg23866309#msg23866309
Twitter: https://twitter.com/iconiqlab/
Facebook: https://www.facebook.com/iconiqlab/
The author Telegram username: lynkss