ICO Details

ICO Project iCOIN (ICON)

  • Tokensale Start:   05/08/2019

  • Tokensale Finish: 01/10/2019

Project Description

iCOIN is a project that provides users with the opportunity to invest in the extraction of precious diamonds and minerals in Africa. The project team will daily search for deposits of precious diamonds. Each mined diamond will be sold on the open market, and the use of Blockchain technology will ensure transparency of operations. ICoin owners will have full information about their digital ownership, transactions, accounts.

Business Model Overview iCOIN (ICON)

1. The validity of income

The project will receive income from the extraction of precious metals. The project team expects $ 1 200 000 in revenue from diamond sales in 2019. Operating expenses for wages, taxes on wages, stocks and various activities, as well as direct costs for the extraction of metals, rent of land and fees for the use of land will amount to $ 920 000 in 2019. The project’s net profit in 2021 is expected to be $ 25 775 400.

2. Number of currencies accepted

The number of accepted currencies is represented by 3 liquid currencies: BTC, ETH, USD.

3. Token emission

The project has a limited number of tokens. A total of 600 000 000 ICOIN tokens will be issued (p. 12 White Paper).

4. Discount on the purchase of tokens

The discount on the purchase of tokens is 25% (p. 12 White Paper).

5. Roadmap

In the provided flow chart, the project goals are indicated until 2021 (p. 17 White Paper). Until the end of 2020, the project team plans to purchase all the necessary equipment for the implementation of the project, as well as increase the number of employees. A study and search for new places for the extraction of diamonds and other precious metals will also be conducted. In early 2021, plans to enter the market and further expand the project.


The project has an excellent SOFT CAP / HARD CAP ratio, which is a plus to its investment attractiveness. The values ​​of SOFT CAP and HARD CAP are $ 3 500 000 and $ 10 000 000 respectively.

7. MVP availability

The project does not have a developed MVP.

8. Risk assessment and insurance

There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.

Criteria of accordance to the international standards of business-planning of UNIDO and EBRD
% Acceptable
Criteria Project evaluation
The validity of income 2 / 3
Number of currencies accepted 3 / 4
Token emission 1 / 1
Discount on the purchase of tokens 2 / 3
Roadmap 1 / 1
SOFT CAP / HARD CAP ratio 1 / 4
MVP availability 0 / 1
Risk assessment and insurance 0 / 1
Total (56%) 10 / 18

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