INCREMINT : Supporting Growth and Market Development Initial Coin Supply (ICO) by sanzoldyck

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· @sanzoldyck ·
INCREMINT : Supporting Growth and Market Development Initial Coin Supply (ICO)
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<p><img src="https://scontent-sit4-1.xx.fbcdn.net/v/t1.0-9/28783711_296041327596005_1139598254243863007_n.jpg?oh=458f4ffd0972ff5e80a3b9166c0147e3&amp;oe=5B4A8719" width="723" height="247"/></p>
<p>Greetings Community Steemit,</p>
<p><strong>VISION</strong></p>
<p>Blockchain (technology) will serve as a force for individual empowerment around&nbsp;the world.</p>
<p><strong>Our mission</strong></p>
<p>Incremint's mission is to support the growth and development of the initial coin supply market (ICO) by better aligning the interests of token issuers and buyers, reducing risks, and providing incentives for openness and transparency. Incremint believes in the potential of ICO to fund innovation and see effective regulatory mechanisms as critical to the long-term health of the ICO market and the blockchain community.</p>
<p>By using Incremint, ICO Issuers will direct the designated portion of the collected funds to be stored in a pending milestone. After completing the ICO, the token buyer will vote to authorize the release of the deposited funds as Issuer completes their milestone. By using Incremint, Issuers demonstrate their commitment to good corporate governance practices and their trust in their business plans. A buyer token reduces the risks associated with investing in ICO, resulting in an increase in demand for Issuers.</p>
<p>The founders are highly experienced legal and financial experts with an extensive track record in complex commercial transactions. We combine practical experience in escrow and financing arrangements with the technical expertise of strategic partners.</p>
<p><strong>What is Mint?</strong></p>
<p>Incremint sells the token Mint on its own ICO. Mints will grant the holder the right to a 10% discount on ICO token purchases made using the Incremint platform.</p>
<p><strong>How does Mints work?</strong></p>
<p>Mint serves as a discount voucher in token purchases - they are not tendered as own payments. Thus, Mints has an unlimited life and can be reused in the next ICO.</p>
<p><strong>SOURCE OF FUNDS</strong></p>
<p>Incremint is committing 10% of its ICO proceeds (in excess of the initial US$1 million equivalent in ETH) to the Incremint Foundation in furtherance of the foundation’s mission. Incremint will encourage its clients to give as well. Each client will be asked to designate a target amount for its ICO raise and designate a percentage of funds the issuer is willing to commit to being a good corporate citizen. They can direct the funds to the Incremint Foundation or any other preferred cause. Should an Incremint client choose to make such commitments, the Incremint Foundation will facilitate the applicable donations.</p>
<p>Through our unique method of building our foundation through the contributions of our clients, the Incremint Foundation will become a foundation of the future, for the</p>
<p>future. We believe in this foundation’s power to fund, promote and drive the best</p>
<p>blockchain applications for the 21st century and beyond. When a client chooses our escrow platform, not only will they be getting credibility and accountability, but they will also be able to claim responsibility for the positive evolution of human inequity.</p>
<p><strong>MINT TOKENS</strong></p>
<p>Incremint.io Ltd. is conducting an ICO in which it will sell tokens called Mints. Each</p>
<p>Mint will entitle its bearer to a 10% discount on a token purchase of up to .01 ETH</p>
<p>value in an ICO using Incremint. The basis for calculating the amount of the discount and controlling the scale of the discount will be .01 ETH per Mint token. Mints are being sold in this ICO at a fraction of that basis, creating a compelling economic opportunity for buyers. Mints will not expire, and may be used on subsequent ICOs using Incremint, in perpetuity, at the discretion of the token holder. Incremint will not charge a commission to Mint holders for their usage.</p>
<p><strong>Mints offer two synergies to issuers when choosing Incremint:</strong></p>
<p>1. Using the escrow solution will increase demand for their ICO because token buyers will have increased comfort due to the performance incentives placed on the issuers, and the reduction of risk that Incremint provides; and</p>
<p>2. Incremint will be underpinned by Mint token holders who will constitute a pool of incremental demand for the issuers’ tokens, justifying the discount that an issuer accepts on these sales.</p>
<p><strong>SOURCE OF FUNDS</strong></p>
<p>Incremint is committing 10% of its ICO proceeds (in excess of the initial US$1 million equivalent in ETH) to the Incremint Foundation in furtherance of the foundation’s mission. Incremint will encourage its clients to give as well. Each client will be asked to designate a target amount for its ICO raise and designate a percentage of funds</p>
<p>the issuer is willing to commit to being a good corporate citizen. They can direct the funds to the Incremint Foundation or any other preferred cause. Should an Incremint client choose to make such commitments, the Incremint Foundation will facilitate the applicable donations.</p>
<p>Through our unique method of building our foundation through the contributions of our clients, the Incremint Foundation will become a foundation of the future, for the</p>
<p>future. We believe in this foundation’s power to fund, promote and drive the best</p>
<p>blockchain applications for the 21st century and beyond. When a client chooses our escrow platform, not only will they be getting credibility and accountability, but they will also be able to claim responsibility for the positive evolution of human inequity.</p>
<p><strong>USE OF PROCEEDS AND ALLOCATION OF MINTS</strong></p>
<p>Robust demand is anticipated for Mints. The first $4,800,000 USD of proceeds will</p>
<p>be deployed in appropriate proportions to the following budget categories:</p>
<p>Technical development of platform and hosting</p>
<p>Cyber security and auditing</p>
<p>Marketing and sales</p>
<p>General and administrative expenses</p>
<p>Advisors</p>
<p>Repayment of short-term financing</p>
<p>Establishment of Incremint Foundation</p>
<p>Incremint will be operating in a dynamic environment where regulatory and security</p>
<p>risks are paramount concerns, and where the competitive landscape will be continuously and rapidly evolving. In preparation to proactively manage these risks, establish Incremint as the preeminent blockchain escrow solution, and secure itself as a going concern for the long-term, ICO proceeds in excess of the near-term budget will be allocated as follows:</p>
<p>Up to 10% will be set aside in treasury as a reserve for legal, PR and lobbying expenses should adverse regulatory challenges arise</p>
<p>Up to 10% to initial venture financing</p>
<p>10% will be allocated to the Incremint Foundation</p>
<p>Up to 10% to advisors and strategic partnerships</p>
<p>The remainder will be allocated for additional investment in security, legal, technical and marketing services, general and administrative expenses, project and corporate development including strategic investments, and management compensation A tentative hard-cap of $12,000,000 has been established for the pre-ICO period. Incremint may revise this figure as deemed appropriate prior to the ICO launch on</p>
<p>March 5th.</p>
<p>Immediately following the close of the Incremint ICO the total amount of Mints sold</p>
<p>will be grossed up to permit an additional allocation of Mints as follows:</p>
<p>Up to 15% to advisors and backers, a portion of which will be subject to a 12 month lock-up period, with restrictions on monetization thereafter</p>
<p>7% to the four Incremint co-founders, all of which will be subject to a 12 month lock-up period, with restrictions on monetization thereafter</p>
<p>3% to the pool of tokens reserved for Incremint’s bounty program as published on the Incremint website, none of which will be subject to a lockup period</p>
<p>Increment will convert the proceeds of its ICO in excess of $4,800,000 USD to fiat</p>
<p>and hold such funds in escrow. Such escrowed funds will be contractually obligated to be released upon Incremint engaging with its first ICO client. The excess funds escrowed will be net of obligations to venture financing and Applied Blockchain at closing.</p>
<p><strong>ICO ROADMAP</strong></p>
<p>Incremint’s ICO will launch on 1 January 2018 and will proceed according to the</p>
<p>schedule set forth below:</p>
<p><img src="https://1.bp.blogspot.com/-Mc43qCvFjEg/WrNxj_IABEI/AAAAAAAACN4/FrBHS2KO5CI3h-xHY2eBAebpP6DI1pMogCLcBGAs/s640/Screenshot_10.png" width="578" height="246"/></p>
<p><img src="https://2.bp.blogspot.com/-cBFQ7WTNN_Y/WrNxkDnm4iI/AAAAAAAACN0/Cw0TW6f5AIwc-VrdnE_oVWMHfyaOTejdgCLcBGAs/s640/Screenshot_11.png" width="589" height="63"/></p>
<p><img src="https://3.bp.blogspot.com/-4sEWvNxY3TE/WrNxkOy62cI/AAAAAAAACN8/nNWj-DILEqM9yk6aZ5l0E1W7Xa14G0Z3ACLcBGAs/s640/Screenshot_12.png" width="587" height="30"/></p>
<p><strong>For More Infomation:</strong></p>
<p><a href="https://incremint.io/index.html"><strong>WEBSITE</strong></a> <strong>||</strong> <a href="https://incremint.io/pdf/Incremint.pdf"><strong>WHITEPAPER</strong></a> <strong>||</strong> <a href="https://www.facebook.com/incremint.io/"><strong>FACEBOOK</strong></a> <strong>||</strong> <a href="https://twitter.com/incremint_ico"><strong>TWITTER</strong></a> <strong>||</strong> <a href="https://t.me/incremint_en"><strong>TELEGRAM</strong></a> <strong>||</strong></p>
<p><strong>Author:</strong>&nbsp;SanZoldyck</p>
<p><strong>My BitCointalk profile:</strong> <a href="https://bitcointalk.org/index.php?action=profile;u=1045517;sa=summary">https://bitcointalk.org/index.php?action=profile;u=1045517;sa=summary</a>&nbsp;</p>
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@cheetah ·
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