GEORGE TOWN, Cayman Islands, Aug. 7, 2017 /PRNewswire/ -- ICOBox, the premier provider of box solutions for conducting coin offerings announced today the start of presale of its own ICO on August 9, 2017. ICOBox aims to help launch 800 ICOs per one year.
With ICOs raising over $1 billion this year, according to Smith + Crown, ICObox is the world's first SaaS ICO solution open to the public, and now it will be using its platform to offer tokens in pre-screened ICOs. Starting August 9, 2017 and running for 32 days, ICObox will be selling tokens to access its platform. Its ICOS token will grant its holders the right to vote in the selection of pre-screened ICOs and to buy selected tokens with a fixed discount of (on average) 75%.
The purpose of ICObox's ICOS token sale is to attract funds to pay for ICOs of new projects conducted with ICOBox's tools and to offer ICOS token holders a discount on the newly issued tokens of such ICOs, which they can exchange for their ICOS tokens at an average ratio of 1:4.
Projects looking to conduct their ICOs using tools developed by ICObox will be able to start submitting their applications on Aug. 15, 2017. In exchange for these tools they will provide to ICOS token holders a preset number of their future tokens. ICOBox will prescreen projects and present the projects which meet the established criteria to ICOS token holders. On October 2, 2017, ICOS token holders will vote to select the 10 best projects to be given the ICOBox's tools. ICOBox intends to continue this arrangement at a pace of 10 projects per week in Q4 2017, increasing its output to 15 projects per week in Q1 2018 and 20 projects per week in Q2 2018, arriving at 800 projects in the first year of its operations.
"We are thrilled to make ICO technology available to promising startups whose main worry is their inability to finance their business startup costs," said Nick Evdokimov, ICObox co-founder. "With our own ICO, ICObox is opening crowdselling know-how, which in the past was only available to blockchain startups, to the whole wide business world."
The platform can be previewed at icos.icobox.io. It will officially launch and be available to prospective ICOS token holders, project managers, and the public at large on Sept. 1, 2017.
"We believe we are opening a new chapter in both blockchain and business development," said Evdokimov.
ICOS public presale starts at 12 pm PDT on August 9, 2017, and requires a minimum purchase of 10,000 ICOS tokens at 0.008 BTC (Early Bird presale) or 1,000 ICOS tokens at 0.009 BTC (general presale), depending on the date and time of the purchase. The public sale of ICOS tokens starts at 12 pm PDT on August 15, 2017 and ends at 12 pm PDT on September 15, 2017. The minimum purchase at ICOS public token sale is just 1 ICOS token @ 0.01– 0.012 BTC, depending on the date and time of the purchase.
A standard ICOBox service package consists of three modules: a technology solution, a legal solution, and a marketing solution.
The technology solution includes a book-building platform which each ICO will need – ICOBox provides a ready-to-deploy model, which can be set up and customized in under a week. The solution also includes a smart contract (which drives the new token) and a token management system.
The legal solution consists of a review and advice on drafting the project's White Paper and landing page by external legal counsels experienced in conducting ICOs, a set of contractual documents, and the token legal concept review and recommendations.
The marketing solution includes a preset marketing strategy: advertising traffic budget, critical public relations recommendations, and a bounty program setup.
Projects can choose if they need all of the tools or just some of them.
This press release does not constitute an offer to sell or the solicitation of an offer to buy ICOS tokens, nor shall there be any offer, solicitation or sale of the ICOS tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About ICOBox
Founded in 2017, ICOBox offers fixed-price services to projects seeking to sell their products and services via ICOs. ICOBox provides technical, legal and marketing services as part of its flat-fee packages. ICOBox was founded by three blockchain visionaries: Nick Evdokimov, a co-founder of SeoPult, an ex-CEO of AdInTop and Cryptonomos CEO and co-founder, Mike Raitsyn, a serial entrepreneur, and Anar Babaev, a Head of Digital Marketing at Cryptonomos. Details on ICOBox can be found at www.icobox.io. For more information or to submit project ideas, please e-mail [email protected]
Contact: Max Smetannikov, Denis Serikov, MVG for ICOBox, +1 646 205 7030, [email protected]
SOURCE ICOBox
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