ICOBox Expands Horizons by Introducing a Brand New Interproject Token Swap (IpTS) Feature

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by Andy Watson · 3 min read
ICOBox Expands Horizons by Introducing a Brand New Interproject Token Swap (IpTS) Feature
Photo: ICOBox / Facebook

ICOBox, the provider of technology, marketing, and legal solutions for ICO launch, introduced a brand new unique feature to its ICOS platform: an Interproject Token Swap (IpTS) technology.

ICOBox, a premier provider of fixed-price SaaS (software as a service) ICO solutions, announced its plan to introduce a brand new unique feature to its ICOS platform: an Interproject Token Swap (IpTS) technology. The company came up with this new service in response to the wide enthusiasm on the part of its clients who, while working on conducting their ICOs with the help of ICOBox, believe in ICOBox’s project and want to support it.

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.

On September 22, 2017 ICOS token holders will be able to vote on the selection of new projects to be given ICOBox’s tools, and will also be able now to swap their ICOS tokens for the tokens of already launched new ICOs right away. In the future this opportunity may be extended to external projects as well.

The terms of the Interproject Token Swap are similar to the usual ICOS token exchange, in which ICOS tokens are exchanged for the tokens of new projects who conduct their own ICOs using ICOBox’s tools at an average 75% discount. However, in this arrangement ICOS tokens do not burn up but are handed over to the projects for whose tokens they are being swapped. No new ICOs are conducted in the process and no money is released from escrow.

As stated in the company’s White Paper, the exchange value of each ICOS token is fixed at 0.04 BTC, which means that every ICOS token can be exchanged for the relevant number of the new projects’ tokens placed on ICOS platform and worth 0.04 BTC at presale prices.

Mike Raitsyn, one of the founders of ICOBox, said: “In introducing this exciting new IpTS feature, our primary goal is to redistribute ICOS tokens and give our clients and token holders the opportunity to get the greatest tokens immediately. We want you get the best deals on the best tokens at the fraction of their price.”

Founded in 2017, ICOBox offers fixed-price services to projects seeking to sell their products and services via ICOs. As part of its solution ICOBox provides technical, legal and marketing services. 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, Head of Digital Marketing at Cryptonomos.

Currently, ICOBox receives about 100 requests for its services per day. It is presently working with over 20 startups, and three ICOs – those of ParagonCoin, TokenStars, and PlusCoin – have already launched. ICOS token holders will be able to swap their tokens for their newly issued tokens on September 22, 2017.

Blockchain News, News, Token Sales
Andy Watson
Author Andy Watson

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