Cofound.it is a distributed global platform that connects exceptional startups, experts and investors worldwide. It will first be built by the blockchain community for the blockchain community — and then for the whole world.
Cofound.it, an organization for incubating ICOs, has spun off the blockchain startup Iconomi.
Decentralized incubator platform Cofound.it has announced its ICO with plans already in place for deployment of $12.5 mln capital.
20% of the tokens to reward current and future team members, advisers and experts
10% of Cofound.it tokens will be owned by ICONOMI
20% of the tokens will be used to purchase the assets of Cashila
25% of the initial token distribution as a reserve for future partnerships or acquisitions
The final 25% of Cofound.it tokens will be sold via crowdsale, starting on June 7th at 11 AM EST / 17 PM CET
The success threshold will be set at $1M, core goal at $2.5M (soft cap) and core goal+all stretch goals achieved at $12.5M (hard cap).
All amounts will be in ETH and calculated a day before the crowdsale starts.
In order to register and be active on the platform, experts and service providers must hold a certain amount of CFI tokens. And then, when applying to perform a task a certain amount of tokens will be put in escrow until the task has been performed, in order to guarantee the delivery and completion of this task. These actions include:
- Evaluators and project evaluation
- Specific task contribution, like video production, design or content creation
- Promotion and expert assistance
- Domain experts and expert assistance
- Team project management and coordination