Iconiq Lab ICO Report – Decentralized Venture Capital Group
Standard ICO Report Structure:
- Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
- Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
- Part 3: Useful Links (Further Research)
Part 1: ICO Analysis
Venture capitalist and the industry of fundraising new ventures and startups has been transformed with the innovative nature of blockchain technologies. Once a highly centralized activity, investing in startup companies has gone mainstream with the implementation of smart contracts, decentralized peer to peer networks, and a boom in initial coin offerings.
The initial coin offering trend skyrocketed in popularity at the start of 2018 and still remains extremely active despite the cryptocurrency markets as a whole falling nearly 80% in value this year.
Through these trends, the Iconiq lab plans to develop a platform solution for this emerging fundraising tool through the development of the world’s first decentralized venture capital group.
The team will develop this solution through the implementation of their own initial coin offering and the distribution of ICNQ tokens to those interested in joining their mission in funding the next big thing, project, or startup.
Furthermore, members of the Iconiq lab platform will have the first pick at the accredited graduates, companies exiting their incubator program successfully. Then the startups will be equipped with internal funding mechanisms to increase their chances of success in the market. Let’s take a closer look at how Iconiq lab’s exact goals for the project.
The Iconiq Lab Startup Dream
First, Iconiq lab will aim to assist upcoming businesses with the tools needed to develop their business plans, initial coin offerings, and future longevity. To do so, the team has partnered with large investment capital firms to inject funding into their startups.
Furthermore, the startups will go through an intensive selection process to prepare them for the market and equipped them with recommendations from some of the world’s top consultants.
Even though just starting the project, the Iconiq lab program has already garnished the attention of many small companies with over 500 applicants applying to their incubator program. To help this ventures find success after the program, the team has allocated over one million Euros to the companies who complete their incubator program.
This high amount of funding should help the startups distinguish themselves from the crowded initial coin offering marketplace that exists today.
An Investors Paradise
Iconiq lab will have three key segments of the business development phase to launch successful companies in the market. With all this in mind, the team hopes to provide a healthy flow of qualified companies to the market and their network of investors. They have placed some strategic partnerships into the business to assist with this goal. On this note, the Iconiq lab will rest within the portfolio of a publicly traded company titled FinLab AG, based in Germany.
Furthermore, with this partnership, it will quickly allow Iconiq to access global capital pools. Thus connecting capital to entrepreneurs and building lasting relationships.
Finally, the project aims to also allow the companies in their incubator program to utilize the innovations of blockchain technology and initial coin offering. With ample experience in the initial coin offering industry, the Iconiq lab team should be well prepared to assist the startups going through their accelerator program.
Part 2: Crowdsale Analysis – Details & Token Supply
Total token supply: 20,000,000 Tokens
Token type: Utility Token
Token Distribution: The Iconiq lab platform dedicates about 75% of the total tokens minted to be offered for sale in its crowd sale, 15% goes to the platform’s team, and 10% will be given to the reserve.
ICO Sale Phase: Presale
Token Price: 1 ICNQ = 1 EURO
Crowdfunding Usage: The team plans to raise 10.5 Million Euros. With this, the funds raised will be distributed by the platform with 5 Million Euros going to self-sustaining pool to cover accelerator participants expenses, 2 million Euros to scale the accelerator internationally and further deal flow development, then the final 3 million Euros will be event distributed between Marketing, Finance and legal expenses and finally launching new business units in the Iconiq Holding value chain.
Team Overview- Members and Advisers
The team is led by Patrick Lowry. Also on the team is Max Lautenschlager, Dominic War, Or Barmatz, Lukasz Musialski, Arabdha Sudhir, Matthew Nacier, Sandris Murins, Omer Bishara and a few others.
Part 3: Useful Links (Further Research)
- Website: https://iconiqlab.com/
- Facebook: https://www.facebook.com/iconiqlab/
- Twitter: @iconiqlab