At the moment, a lot of ICO is launched and held every day. It is very difficult for investors to check all these projects and to find the really promising projects among the empty promises.
It is very difficult to raise funds for the startups by themselves. Competition in this area is so great that most startups can not collect the necessary amounts for the implementation of their ideas. Often it happens that the promising startups remain unnoticed by investors, as the organizers of startups do not have enough money for advertising.
Iconiq Lab offers to solve this problem and helps to develop and raise the funds to high-quality ICO, at the same time making a careful selection and analysis of all startups that enter the platform.
Iconiq Lab is a ready-made project that has successfully conducted an ICO and has a working platform. During the ICO, a total of $3 million was collected for the development and launch of the platform. On the May 30, 2018, the ICO was completed. The platform has already been launched and it is working now.
During the work of the platform more than 500 applications from the startups for the development at the accelerator of platform have been considered. As a result of a carefully conducted due diligence, 9 startups were selected and placed on the platform. More than 1 million euros of financing for the development of their ideas has been transferred to this startups by the platform..
For the startups placed on the accelerator, Iconiq Lab develops the most appropriate model of tokenization, determines the functions of tokens in the work of their projects, provides tax and legal advice and support, provides the access of startups to the database of investors, among which there are venture investors - partners of Iconiq Lab. In addition, Iconiq Lab develops a program of marketing development individually for each startup, provides the support and promotion of ICO, helps in the development of smart contracts, helps in business development.
Iconiq Lab has a community of investors that receives the information about all projects on the platform in time. Iconiq Lab also helps in the organization of KYC and AML procedures in accordance with the requirements of regulators, provides the consultations on the issues related to the work of the blockchain and provides various other services.
To place at the accelerator on the platform startup must pass due diligence.
Due diligence includes: checking the functionality of applications and finished products of a startup, collection and analysis of documentation, check and audit of tokens, verification of startup contacts, legal expertise, liquidity review, technical review, meeting and communicating with the founders, initial funding, ICO services and post-ICO services.The mechanism of work
To organize the marketing promotion of startups on the platform Iconiq Lab provides the startups by the tokens Iconiq Lab in the amount of up to 200 000 euros. Instead, as a security measures for the fulfilment of obligations Iconiq Lab takes the tokens of startups. Thus, Iconiq Lab is directly interested in the development and prosperity of projects on the platform, as it owns a certain part of their tokens.
Tokens of Iconiq Lab is required for the initial marketing and promotion of ICO placing at the accelerator.
Iconiq Lab has a team with an extensive experience in the field of ICO promotion, as well as experts in various industries who carry out the complex due diligence of the projects that apply for the participation at the accelerator. Iconiq Lab also cooperates with the venture investors to attract large investments for startups on the platform.
A large number of passing ICO, as well as a lot of fraudulent ICO has led to the fact that it is very hard to investors to select the most promising projects from a huge variety of ICO without the special knowledge and distinguish an interesting idea from the empty promises.
Iconiq Lab selects the promising startups. Projects apply for the participation in the accelerator, and experts in various fields analyze them and choose the best one.
Iconiq Lab finances startups at the early stages by own tokes, and takes the tokens of promising startups as the security for the spent funds. Thus, Iconiq Lab is directly interested in the success of startups in the accelerator, as it owns a part of their tokens. It is very important for investors that all startups on the platform have been carefully selected and the accelerator by itself is interested in their development.
