Icofunding is a platform designed to help you create and manage your own Initial Coin Offerings (ICOs). We also provide services to the ICO investors whereby controls are set to monitor ICOs in accordance with the initial established goals.
You simply have to set some parameters for your ICO and you get a tailor-made code to be launched on the Ethereum blockchain.
“What we do is make crowdfunding much simpler, more transparent and more secure”.
An Initial Coin Offering, also known as an ICO is the cryptocurrency version of crowdfunding and IPO (Initial Public Offering) and is a part of the crypto world that is most likely here to stay. It’s one of the easiest and most efficient methods for companies to fund their projects and for regular users to invest in projects they see value in.
An Initial Coin Offering is an event that usually extends over a period of one week or more and in which everyone is allowed to purchase tokens in exchange for established cryptocurrencies like Bitcoin (BTC) or Ether (ETH).
For more information:
Harvard Business Review.
Up until now, the average time of an ICO launching for a startup is between 3 and 5 months. Consequently, it implies an interruption in the development of their product given that they need to focus on the fundraising.
While Entrepreneurs have a huge knowledge in their area of expertise, Initial Coin Offerings requires a specific knowledge given their complexity.
Some ICOs have been launched hastily and with a lack of audit, so some of them have suffered hacks and security breaches leading to a loss of funds for the investors.
On the other hand, we should bear in mind that up until now, ICO investments have been quite complex. Therefore, ICOs needs to improve their user experience.
According to the above, this is why we have launched Icofunding. Initial Coin Offerings need to comply with the highest security standards and good practices and, at the same time, they need to become simpler and easier for investors.
Our main purpose is to facilitate ICO launches for those entrepreneurs, reducing those 3 to 5 month for prepare and launch the ICO to few minutes. We also grant the best security practice through a strung and user friendly platform. In this way, the entrepreneurs will be able to focus on their product and provide the best services to their clients.
“We want to do for the crowdfunding ecosystem what Wordpress did to the web”.
We are developing a Coin Governance System (CGS), which consists of a series of tools that grant token owner management over the funds raised through an ICO.
Thanks to this system, investors will be able to audit the administration on the capital raised and their funds will be protected if not used according to the roadmap established by the startup.
Initial Coin Offerings (ICOs) need to evolve into a safer ecosystem. This is why we are working around the concept of the Coin Governance System (CGS).
Through smart contracts and oracles, we take care of what happens once the capital has been raised, developing secure voting systems in order to see if companies are achieving their targets and if funds are being managed wisely.
Blockchain has become the cheapest and most secure platform to transfer value between peers without intermediaries. This is why the ICO funding environment is experimenting an exponential growth in the past months. Blockchain also grants the availability of the assets around the clock.
This technology also grants the ownership of the assets (tokens). In this sense, we do not hold the investor’s tokens, we are only enablers.
Among all the blockchain technologies, we have chosen Ethereum to build our platform. With this regard, entrepreneurs are able to customize the parameters on their ICO (type of issuance, number of tokens, ICO duration, etc.). On the other hand, investors are able to take part in the decision making of the funds raised using smart contracts.
Carlos is the CTO of New Digital Business at BBVA. Trying to reinvent the financial system through exponential technologies. He is leading the membership at the Ethereum Enterprise Alliance and Hyperledger.
Before that, he has led different global teams in BBVA, always trying to use the latest technologies to create new products, solutions and systems. Open Platform, Banks as s service, Financial Digital Platforms, and Added valued mobile services, are some of the global initiatives held by Carlos.
Prior to this he worked as a consultant in mobile technologies for financial institutions and retails industry. Carlos started his career developing Multiplayer Mobile Games. He also has helped or co-founded a few startups, and groups of interest. L8Smartlight, ApiHour and Decentralized world, are some of them.
Co-Autor of "Blockchain industrial revolution" book.
Mentor digital MBA at Industrial Organization School.
AI Lecture at Universidad Internacional La Rioja.
API and crowdfunding Economy lecture at International Design School.
Carlos has a degree in computer engineering.
Adrián is a Software Engineer who has been involved in the blockchain community researching the technology for several years. In early 2014, he became Editor of Cryptocoinsnews, bringing information to the Spanish audience. He is also cofounder of the local Ethereum community, and take part in blockchain related events in a common basis.
As a developer, he started exploring the technology through Bitcoin, developing a few applications. Quickly, he became interested in Blockchain 2.0 technologies, with special focus on Ethereum. He started his thesis in 2014 using Ethereum to create a crowdfunding platform and published the paper "Betfunding: A Distributed Bounty-Based Crowdfunding Platform over Ethereum". Other areas of his interest are Machine Learning and Data Analytics.
Since November 2016, he is part of the Grant Thornton's Blockchain Lab, where he works as the Lead Blockchain Developer.
He is also a member of the Spanish ISO Blockchain Standardization Committee (ISO/TC 307).
Alejandro is a lawyer specialized in blockchain and smart contract at Grant Thornton Blockchain Lab. He coordinates the development of blockchain prototypes through a multidisciplinary blockchain team with developers, economist and lawyers. He has been involved in the blockchain environment since 2011.
He is also the Founder and Chief Compliance Officer of Octopocket and has previously worked as a Lawyer at Allen & Overy and KPMG.
In addition, Alejandro has advised several blockchain companies and individuals in regulatory and tax matters (such as cryptocurrencies exchanges, miners or traders).
Alejandro holds a degree in Law at Comillas Pontifical University (ICADE) and a certificate in Business Law and a Master’s Degree (LLM) at IE Business School.
Among other things, Alejandro is/has been involved in the following projects: