ICOBox Token Store Readies for Rollout
ICOBox, the world’s biggest provider of SaaS ICO solutions, is about to add an exciting new innovation to its already impressive list of services. The week of December 18, 2017, it will unveil its Token Store. The Store will be a marketplace that sells the tokens of interesting ICO projects to participants at a 30-75% discount. There will be no upper or lower limits on the number of tokens that can be acquired by users.
Your One-Stop Token Shop
Those who wish to use the Token Store will have to register using their ICOS token ID on the Token Store secure platform. Once they are registered, they can deposit cryptocurrencies on their accounts. The wallets currently accept BTC, ICOS or ETH. When tokens that the users wish to acquire appear on the marketplace, they can exchange the cryptocurrencies in their wallets for the tokens. Participants will then be able to withdraw the tokens from the platform, subject to KYC verification. This is a standard legal requirement and involves the user giving his full legal name, address and a copy of official identification documents.
ICOBox Co-Founder Daria Generalova states:
The Token Store is all about making quality tokens more accessible to token holders. We plan to thoroughly scrutinize ICO projects before selecting them for the Store. Some of the factors we will consider include whether the project is set to be successful in its ICO, whether it has met its stated financial targets (for example, having already reached the soft cap), and whether the project includes an escrow account where funds can be stored for at least two months, pending the completion of its ICO. Due to our hard work up front, users can rest assured that, no matter their choice, they will be receiving a first-class token.
The new tokens remain on the marketplace for a month, and any unsold tokens are returned to the issuer. Varying discounts may be provided by the ICO projects, up to and including the highest discount, which requires that buyers wait at least 24 hours before withdrawing the newly acquired tokens assigned to them from the platform.
The founders of ICOBox trust that this new service will create synergetic effects for all parties involved.
ICOBox was established in July 2017 with the goal of providing SaaS and turnkey ICO services to blockchain-based projects. Soon thereafter, ICOBox conducted its own ICO and collected 4,000 BTC. Ever since, the project has been organizing ICOs, and to date, its clients have collected over $200 million, which they will spend to bring their state-of-the-art products and services to the market.
For more information about ICOBox and its services, please visit icobox.io.
What do you think of a discount marketplace for ICO tokens? Will it help or hurt participation in listed ICOs? Let us know in the comments below.
Images courtesy of ICOBox