If I could compare projects appearing on the crypto market, to the houses, I would say that the great share of them are the cottage houses, mainly with one or two floors and dull design. But in our pretty boring suburbia neighbourhood, from time to time it is possible to find new and shiny skyscrapers. For me, ICONIQ is one of them.
Just to remind you, ICONIQ is a hub and accelerator for new ICO projects. The more detailed description you can find here: https://steemit.com/ico/@annahare/iconiq-an-ico-hub-fuelled-by-the-blockchain-description. ICONIQ offers a hand for new ICO projects. Their help includes, for example, a seeds funding (up to 200 000 euro), legal and technical advertisement, marketing support, networking and more. For the chosen team a cooperation with ICONIQ means taking part in 12 weeks accelerator program (1 week of workshops, 10 weeks of roadshow and support, 1 week of presale for ICNQ Club Members). Later the project goes under the ICONIQ Lab wings, where the online support for ICO and after is given.
Nothing wonder there was a line of projects wanted to gain such as business angel like ICONIQ. Let’s check how the selection process looks like.
The first part of work on the pitched project is called “accelerator”. During that time project goes through the ‘due diligence’ process which consists of 15 steps. All begins with screening the application, scam check, pre-selection and etc. Then the first contact is made and documents collecting begins. Shortly after the documents analysis starts and the follow-up call is made. Later, project teams are invited to the personal meeting. Then goes the technological, liquidity, legal and token review. Shortly after the contract is made and as it follows the ICO expenses are covered.
As I wrote before there was a queue of projects wanted to grow with the ICONIQ. They received 165 applications from 37ntries. The biggest number of projects was placed in the Western and Eastern Europe (43% and 22%). 20% of projects were from North America and just 3% from Latin America. If we talk about the project's idea, 27% were from the field of healthcare and insurance industry. 17% were specialized in high tech and just 2% were the utility tokens (used as a payment form in the project ecosystem).
From 165 applications, 80 were chosen for a personal introduction. Another 50 went further and has been asked for their documents. 18 went through the due diligence process and just 5 were qualify for the accelerator.
Let me introduce the winners, top 5 projects you will see soon on the crypto market.
Check the links below if you want to learn more or make a contribution:
Website:
https://iconiqlab.com/
Whitepaper:
https://iconiqlab.com/wp-content/uploads/2018/04/20180423_Iconiq-White-Paper.pdf
Presentation/ color paper:
https://iconiqlab.com/wp-content/uploads/2018/05/20180523_Iconiq-Lab-Color-Paper.pdf
ICONIQ ICO will last just one more day. More details below:
Social media:
FB: https://www.facebook.com/iconiqlab/
Twitter: https://twitter.com/iconiqlab
Telegram: https://t.me/iconiqlabchat
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare
You can find me here:
https://bitcointalk.org/index.php?action=profile;u=1754481
Twitter: @44_crypto
FB: anna.hare.353