Dear coin developers and investors!
Our service offers unique opportunities for both parties to profit and prosper together. Our service provides a wide range of escrow for ICO developers’ and Investors’ warranties. In order to secure investors’ funds, we offer to hold ICO funds on prearranged terms with the coin developer, for a small fee deducted from the successful ICO.
EnigmaCoin ICO is now live! (Bitcointalk thread)DarkSwift ICO is now over.
Buyback* is over as well (
Bitcointalk thread)
*7 day Buyback period is mandatory for all presales at ICOHive
Presales are coming soon! If you are a developer and would like us to host your ICO, please send the information needed (see below) to our email:
icohive@gmail.comWe will review your application within 24 hours and set up a presale page for your coin.
1.
Standard ICO - simple and standard ICO terms and conditions.
Prior to launching, the project developer must submit the following data for verification and registration:
- Basic personal data (name and primary means of contact)
- Coin name, logo and specs (algorithm, money supply, block time etc.)
- Amount of coins offered in presale
- Coin Logo in *.png format with transparent background
- Link for Coin Source Code
- Complete description of project and statement
- Length of presale period (minimum 24 hours, maximum 1 month)
- Model of distribution (proportional distribution or fixed price with or without early investor discount)
The developer must submit all of the above information before the ICO launch.
ICOHive will then provide initial code verification and ask the developer to mine a genesis block and transfer all ICO funds to the ICOHive wallet.
After the transaction is confirmed by ICOHive, the ICO will commence per developer's request.
The source code and wallet must be published before or during the ICO stage. Presale will be available on the dedicated ICOHive page.
After the ICO stage is over, ICOHive will hold all funds in escrow for up to 5 days while ensuring that ICO terms are met. Information about all ICO investments will be available during the ICO and up to 1 month after the ICO.
Standard ICO success criteria are the following:
- The coin is working and the block chain is moving after the presale period has ended
- promises made by the developer for the ICO stage are fulfilled
- the block explorer is functional, and
- the coin is successfully listed on one of the following exchanges: Bittrex, C-Cex or Cryptsy.
A full refund will be issued if the following should occur:
- the block chain does not move properly in accordance with the coin specs,
- the coin is not listed by any exchange within 5 days after the ICO, or
- solid proof that the developer provided false information about the project or coin specs is provided.
- ICOHive platform will be used to deliver the refund
- The refund will be done via swap of the failed coins with the funds in the escrow. The rate of the swap will be the same as the ICO price. For each refund there will be a dedicated refund page that will be alive for 7 days
Fees
*ICOHive takes a 1% fee from a successful ICO, but not more than 1 BTC total. Fees are automatically deducted every time funds are released from escrow to the developer. In case of refund, no fees are applied.
https://i.imgur.com/GO3MIt0.png2.
Long-Term InvestmentICO funds will be held in escrow and paid upon the delivery of milestones, set in the project timeline by the developer. Escrow service will provide an expert assessment in order to determine if conditions are met.
Prior to launching the project, the developer must submit the following data for verification and registration:
- Basic personal data (name and primary means of contact)
- Coin name, logo and specs (algorithm, money supply, block time etc.)
- Amount of coins offered in presale
- Coin Logo in *.png format with transparent background
- Link for Coin Source Code
- Complete description of project and statement
- Length of presale period (minimum of 24 hours and maximum of 6 month)
- Model of distribution (proportional distribution or fixed price with or without early investor bonus)
- Coin development road map with clear milestones and portions of the funds released to the developer when each milestone is reached.
ICOHive will then provide initial code verification and ask the developer to mine a genesis block and transfer all ICO funds to the ICOHive wallet.
After the transaction is confirmed by ICOHive, the ICO stage may begin immediately at the developer's request. The developer must publish all information, except the source code and his personal information, before the ICO launch.
The source code and wallet must be published before or during the ICO stage. Presale will be available on the dedicated ICOHive page.
After the ICO stage is over, ICOHive will hold all funds in escrow while ensuring that the ICO terms are met. Information about all investment transactions and funds released will be available during the ICO and up until the end of the development.
Long-term ICO success criteria are the following:
- The coin is working and the block chain is moving after the presale period has ended
- the promises made by the developer for the ICO stage are fulfilled, as each milestone is reached (ICOHive will be the sole judge of this)
- the coin is successfully listed on one of the following exchanges: Bittrex, C-Cex or Cryptsy.
Funds release policy:
- After the initial ICO, over 10% of the presale funds are released immediately to the developer (in case basic conditions are met, i.e. the block chain is functional)
- Upon reaching the first milestone, ICOHive will verify if the milestone criteria are met. ICOHive’s expert assessment will be done within 5 days after the milestone date is reached. If the milestone results are delivered, the second payment will be released. In case of a failure by the developer to deliver promised results, funds will be held for an additional 5 days and then used to issue a partial refund.
A full refund will be issued if the following should occur:
- the block chain does not move properly in accordance with the coin specs,
- the coin is not listed by any exchange within 5 days after the ICO, or
- solid proof that the developer provided false information about the project or coin specs is provided.
- ICOHive platform will be used to deliver the refund
- The refund will be done via swap of the failed coins with the funds in the escrow. The rate of the swap will be the same as the ICO price. For each refund there will be a dedicated refund page that will be alive for 7 days
Partial Refund Terms:
- A partial refund will be done using all funds collected during the ICO stage, minus funds already paid to the developer.
- ICOHive platform will be used to deliver the refund
- The refund will be done via swap of the failed coins with the funds left in the escrow. The refund will be done on a pro-rata basis, i.e. the price will be fixed and set as the ratio of the funds left in escrow and the number of coins offered in the ICO stage
Fees
*ICOHive takes a 1% fee from a successful ICO, but not more than 1 BTC total. Fees are automatically deducted every time funds are released from escrow to the developer. In case of full or partial refund, no fees are applied.
https://i.imgur.com/GO3MIt0.png3.
"Buy Wall" ICO After the ICO stage, all funds will be used to put a "buy wall" on the exchange, i.e. a buy order for the ICO price will be made and put on the exchange offering a full refund for investors that have decided to opt out. This buy wall will be gradually reduced through time, partially releasing funds to the developer.
Prior to launching the project, the developer must submit the following data for verification and registration:
- Basic personal data (name and primary means of contact)
- Coin name, logo and specs (algorithm, money supply, block time etc.)
- Amount of coins offered in presale
- Coin Logo in *.png format with transparent background
- Link for Coin Source Code
- Complete description of project and statement
- Length of presale period (minimum of 24 hours and maximum of 6 month)
- Model of distribution (proportional distribution or fixed price with or without early investor bonus)
ICOHive will then provide initial code verification and ask the developer to mine a genesis block and transfer all ICO funds to the ICOHive wallet.
After the transaction is confirmed by ICOHive, the ICO stage may begin immediately at the developer's request. The developer must publish all information, except the source code and his personal information, before the ICO launch.
The source code and wallet must be published before or during the ICO stage. Presale will be available on the dedicated ICOHive page.
After the ICO stage is over and upon coin listing, ICOHive will put a buy wall of all funds gathered during the ICO, thereby creating strong buy support. This buy order will be active for 24 hours and then canceled unless fulfilled. All remaining funds will be released to the developer and bought coins will be destroyed.
Buy-wall ICO success criteria are the following:
- The coin is working and the block chain is moving after the presale period has ended
- the coin is successfully listed on one of the following exchanges: Bittrex, C-Cex or Cryptsy.
Funds release policy:
- After the initial ICO is over and listed on an exchange, a 100% buyback order will be set for the ICO price offering an instant refund to anybody willing to leave without loss. After 24 hours, this buyback order will be canceled unless fulfilled. All remaining BTCs will be transferred to the developer.
A full refund will be issued if the following should occur:
- the block chain does not move properly in accordance with the coin specs,
- the coin is not listed by any exchange within 5 days after the ICO, or
- solid proof that the developer provided false information about the project or coin specs is provided.
- ICOHive platform will be used to deliver the refund
- The refund will be done via swap of the failed coins with the funds in the escrow. The rate of the swap will be the same as the ICO price. For each refund there will be a dedicated refund page that will be alive for 7 days
Fees
*ICOHive takes a 1% fee from a successful ICO, but not more than 1 BTC total. Fees are automatically deducted every time funds are released from escrow to the developer.
https://i.imgur.com/GO3MIt0.pngOptional Proof of Developer Program (developer may submit his personal data to us and further boost trust for his or her coin)
We offer custom POD for any developer. If you want to boost trust in your project and your currency, you can submit us your:
- ID scan (driver's license, diploma, passport),
- photograph of you holding your ID (hi res required),
- phone number, and
- social networks accounts
*Please note that if you decide to participate in the ICOHive Proof of Developer program, you agree that we will check any fact that you share with us.
ICOHive service is legally liable for all funds held in escrow. Every developer/investor is guaranteed to receive their funds according to the presale terms and conditions.
ICOHive is a trademark of "Crypto Source", a registered legal entity (registrant #53250799A), located in Singapore.
www.bizfile.gov.sg (search Crypto Source for more info).
Address: 10 ANSON ROAD #26-04 INTERNATIONAL PLAZA
Download CryptoSource business profile
