ICNQ Token – Elements
The ICNQ Club Membership opens a world of opportunities for crypto market participants! Members of the ICNQ club will have exclusive presale privileges, platform access and Iconiq Lab community benefits!
ICNQ Token – Funding Uses
The ICNQ Club Membership token is the instrument used to fund and grow the accelerator program for the benefit of its token members. Iconiq Lab will issue 15M tokens (of a total of 20M tokens) publicly and to institutional investors at a targeted €10.5M fundraise to launch, optimize and scale the accelerator program.
€5M in a self sustaining pool which will be used to cover the expenses of program participants.
€2.5M will be used to scale the accelerator internationally and further develop the program
€1M will be used to cover marketing related expenses to attract top startups.
€1M will be used to cover finance and legal expenses of the accelerator program.
€1M will be used to launch new business units in the Iconiq Lab value chain.
ICNQ Token – Token Distribution
75% of total tokens will be sold in the token sale, with the team receiving 15% and a 10% reserve for future uses and hires. Tokens allocated to the team and advisors will be subject to a one year lock-up period where they will not be permitted to be traded.
€4M ICNQ / 20% Public Membership Sale
€2.75M ICNQ / 14% Presale
€2.5M ICNQ / 13% U.S. accredited investors
€4.65M ICNQ / 23% Institutional Membership Sale
€1M ICNQ / 5% Bounty Campagnin
€2M ICNQ / 10% Future Use
€3.1M ICNQ / 15% Team and Advisors
Cash Flow Example
How will the tokens be used to fund the startups example.
ICNQ membership – Monetization
Deep Due Diligence Process
Through quality industry processes we ensure that only top quality projects make it into the accelerator
- first due diligence
- pre selection
- scam check
- terms and conditions
- documents request
- personal impressions
- marketing material
- team experience
- legal structure
- previous funding
- in team discussion
- idea evaluation
- market research
- competitor analysis
- token structure
- funding needs
- legal insights
- 3rd party providers
- token structure deep dive / feasibility check
- review by a trusted partner
- company structure
- 3rd party providers check
- funding needs
- scaling plans
- expenditures check
- growth projections
- smart coding check
- blockchain applications
- technological deep dive
- management review
- final collaboration plan
- working atmosphere
- action plan proposal
- contract draft
- contract signing
- collaboration agreement
- Seed funding for expenses
- expenditure guidelines
- legal guidance
- business development
- in depth workshops
- expert network access
- exclusive pre-sale to ICNQ Club Members
- public sale preparation and execution
- continuous support to token holders and startups
The statistics behind the first batch of the accelerator program
Iconiq Lab Timeline
Here is the plan.
Finlab AG Partnership & Strategic Investment
In November 2017, FinLab AG, a publicly traded FinTech company builder, made a strategic investment into Iconiq Lab. FinLab offers many strategic advantages for Iconiq Lab and its accelerator companies.
How different participants fit into the accelerator program
The process from joining the accelerator to the ICO
No – there is no such limit.
The only discounts we have are 50% bonus presale discount.
No side deal or individual discounts are provided – we are a transparent entity.
Benefits start with the kickoff of the first batch.
The data around participants, teams and projects become available upon the accelerator launch week in February 2018.
We are ambitiously scaling to multiple batches and geographies. We have a fully digital model with a very strong scaling ambition.
Each accelerator intake would do a minimum of 20 ICOs annually – 10 per batch with a minimum of 2 batches every year.
As a privileged ICNQ token holder, you shall have access to data on proprietary, research, platform content, sourcing, dealflow and market insights. You shall also have access to due diligence reports and access to our consulting.
At the moment, we accept Ether and Bitcoin for the purchase.
We are using an ERC20 smart contract – a copy of this shall be uploaded in GIT Hub soon.
Ideally yes. But we are currently checking with regulators on if this is mandatory.
A copy of the smart contract ERC20 will be posted on GIT Hub.
The value will be locked up a week prior to the sale.