Iconic is a blockchain-based venture which facilitates financing of the assets of businesses in a decentralized way. This platform will become an ecosystem which will be able to provide individuals a secure way to finance an ICO without the risk of losing their money. It covers all possible steps or phases of an ICO, which includes offering tokens, trading tokens and the instruments which are necessary for fulfilling the obligations and promises made in the offers.
- Schedule: 1st May – 31st May 2018
- Minimum Investment: 0,1 ETH
- Initial Bonus: 20% DAY 1-3
- Accepted: Ethereum
- Price: 1 ETH = 30,310 NIC
- Cap: 185 – 14,100 ETH
- Other reviews: Find them on TheTechInsider
The Iconic Ecosystem
There are three operational platforms through which the plan works. The first is Environment, where the ICO will take place. Then, there is the second stage, which is Trading. This is more like the aftermath of the ICO where the active trading of the tokens and financing happens before anything is confirmed. The final stage is Assurance, where the smart contracts are enforced to make sure the investors keep their promises. This last stage is the most important one as the assurance is like a guarantee for safety that protects the investments in the future.
The currency used within the ecosystem is NIC which is quite safe and, as it claims, free from volatility.
What Problem Does It Solve?
Iconic helps provide a safety net to individuals and protect them against fake ICOs by having an Iconic Assurance Framework. This platform will provide users with escrow, auditing tools and a panel for arbitration. Basically, it will protect the blockchain technology investments by monitoring, certifying and auditing.
Considering there are so many ICOs that are happening right now, it might not be easy for an investor to differentiate between a real project and a scam. For the Iconic ecosystem to be successful, the platform has to be adopted all over the crypto world.
This project seems like a positive and viable solution which connects business assets to the blockchain technology. The team of this project is also very determined to make this ecosystem work to the fullest. This platform, however, has still a lot to achieve since it is still in infancy.