This Thursday, the tokens of the first three projects which conducted their ICOs through ICOS program will be offered to ICOS token holders for exchange. The program is a way for ICOS token holders to gain access to innovative goods and services by exchanging their tokens for the tokens of new projects selected by the vote of the token holders themselves. The exchange value of one ICOS token is fixed at 0.04 BTC.
The first release of new projects’ tokens will be made available in step with the progress of their ICOs: 10 percent at presale, 10 percent at the start of public sale, 30 percent at the completion of the sale, 25 percent one month after the completion of the sale, and 25 percent two months after the completion of the sale. In the first 24 hours since each new token allotment is made available, the tokens will be distributed in proportion to the number of received exchange requests. After that, they will be distributed on the first come, first served basis.
The ICOS token exchange arrangement opens with three projects. Among them is Ninja; a global decentralized learning ecosystem based on the interaction of tutors and students through an online platform using smart contracts. Students can quickly and easily find tutors in any subject and take online lessons at any time and in any place. The project’s NTOK tokens are used to pay for the lessons and to purchase additional educational content and equipment from the Ntok.io partners. Learn more at https://icos.icobox.io/projects/376.
Also available for exchange will be tokens of Darenta; a peer-to-peer car rental marketplace connecting people who need to rent a private car with vehicle owners. Travelers choose from a unique selection of nearby cars, while car owners earn extra money and help fuel the adventures of travelers they meet along the way. The company’s PRO tokens power the system and offer their holders multiple benefits and rewards. Learn more at https://icos.icobox.io/projects/560.
Native Video Box, another ICOS project offering its tokens for exchange, is an independent native video platform which shares 80 percent of revenue from ad views with those who actually create video content and bring it to the audience. By utilizing cutting-edge technologies of programmatic advertising, blockchain and tokenization NVB is changing the way the game is played. NVB tokens serve as a means of payment within the system. Learn more at https://icos.icobox.io/projects/438.
ICOS program is a way for promising but underfunded projects to receive ICOBox’s tools and assistance in conducting their ICOs. Any project is welcome to apply. ICOBox prescreens the applicants but the final selection of the candidate for an ICO covered through ICOS program is made by the vote of ICOS token holders. In exchange for the services the new project makes its future tokens available to ICOS token holders. These tokens are be placed on icos.icobox.io platform, and ICOS token holders can exchange their ICOS tokens for the new tokens. The exchange value per one ICOS token is set at 0.04 BTC.
“Right from the start, in our White Paper, we promised our token holders access to interesting projects which will be launched via the ICOS program, and now we are delivering,” says Nick Evdokimov, co-founder of ICOBox.