ICO Platform ICOBox Adds Cryptocurrency Heavyweight David Drake to Its Advisory Board

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by Andy Watson · 4 min read
ICO Platform ICOBox Adds Cryptocurrency Heavyweight David Drake to Its Advisory Board
Photo: ICOBox / Facebook

David Drake, the Chairman of LDJ Capital, will advise ICOBox on the key market aspects, including the industry’s legal regulation, international business development, and investor relations.

According to ICOBox, a premier provider of fixed-price SaaS ICO solutions, David Drake, one of the blockchain esteemed dignitaries, will advise the company on the key market aspects, including the industry’s legal regulation, international business development, and investor relations. He is the Founder of LDJ Venture Partners, LLC, Investment Arm and serves as its Chairman. Mr. Drake is the Founder The Soho Loft and serves as its Chairman. He serves as the Chairman of Park Avenue Vision, LLC and LDJ Capital LLC.

ICOBox has recently completed its own ICO and now aims to be involved in conducting 800 ICOs of other projects over the next 12 months. With this ambitious goal in mind, they are currently receiving over 100 applications per day from startups interested in using their services. ICOBox conducts their extensive prescreening, and the final selection of the projects to be given ICOBox’s tools is carried out by the vote of ICOS token holders. The company also offers a revolutionary new feature: an Interproject Token Swap (IpTS).

The essence of IpTS is that it is a private peer-to-peer swap between ICOS token holders and the new projects. It gives ICOS token holders an even wider access to the tokens of promising new startups: ICOS platform will now be open to listing tokens of both the clients who have been selected by the vote of ICOS token holders to receive ICOBox’s tools and those who are paying for their own ICOs without resorting to the funds collected through ICOS token sale. All of these tokens will now be swappable for ICOS token.

And now the company will be able to rely on the wisdom of its new advisor David Drake, who is a highly respected businessman, investor, and blockchain advocate with over 25 years of experience in supporting and developing technology, media, telecommunications, real estate, hospitality, cleantech, energy and social impact projects. Mr. Drake manages alternative assets for his clients, and his family office currently has over fifty global directors who maintain relations with institutions and family offices with $1.5 trillion in assets.

“We are extremely proud and excited to have David’s support. With his invaluable knowledge of the legal landscape of conducting crowdsales and the intimate understanding of cryptocurrency markets, we are expecting to make fast and steady progress in reaching our goal of helping hundreds of promising startups bring their innovative products and services to life. David is a fantastic addition to our team, and we are grateful and honored that he found our business model worthy of his time and attention,” says Nick Evdokimov, one of ICOBox Co-Founders.

David’s groundbreaking work in the crowdfunding industry earned him an invitation to the White House Champions of Change ceremony. Through his financial media company, The Soho Loft Media Group, he organized the first ever meeting with the Security and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to discuss crowdfunding market regulation.

Together with other industry whales, following the signing of the “Jumpstart Our Business Startups” (JOBS) Act by President Barack Obama, he created the Crowdfunding Professional Association (CfPA) and the Crowdfund Intermediary Regulatory Advocates (CFIRA). For the past five years, these two national associations have been regularly engaging with the SEC and other market oversight authorities on regulatory issues.

“I am intrigued and fascinated with the audacity of ICOBox’s aspirations. That said, I think that their approach is absolutely solid and based upon in-depth comprehension of both the legal and business issues involved in conducting Initial Coin Offerings. I believe that with their extensive grasp of the market they came up with a great product that is currently in very high demand. I will be happy to lend a hand in bringing their inspiring vision to life,” remarked David Drake, ICOBox’s newest advisor.

At the begining of the october ICOBox partnered with INS to provide technical, legal, and marketing services as part of its Fixed-Price Service Package.

INS is a decentralized ecosystem enabling consumers to buy directly from grocery manufacturers, bypassing retailers and wholesalers, at prices up to 30% lower than in supermarkets.

“Grocery industry in its current shape is inefficient and controlled by retailers. For example, in the UK there are over 7,000 manufacturers and 25 million of households dependent on 4 key grocery retailers controlling 76% of the market. INS will adopt blockchain to cut out the wholesalers and retail stores to help consumers save up to 30% on grocery shopping,” says Peter Fedchenkov, INS co-founder and CEO.

“We strongly believe that in the 21st century consumers should be able to decide whether to buy from local or national manufacturers. We have received enthusiastic support from shoppers and confirmed interest among largest grocery manufacturers, including Mars, Reckitt Benckiser, Campina, and Unilever,” added Mr. Fedchenkov.

INS plans to launch their own ICO on November 27, 2017.

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Andy Watson
Author Andy Watson

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