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Frequently Asked Questions

What is an ICO?

An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. An ICO can be a source of capital for startup companies. Any individual or a company can crowdfund any project or become an investor.

What is a token?

In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum. These tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project launches.

What are exchanges?

Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency or token for another cryptocurrency, token or even fiat currency (USD, EUR, etc) or vice versa.

What is a White Paper?

A White Paper is an official document usually issued by new blockchain projects before their ICO, informing the reader about the new technology, methodology, product or service being launched. This document helps the potential investor make an informed decision before deciding whether to invest or not in the specific company or product.

What is IcoZone?

IcoZone is a fintech company with experience in creating blockchain-based applications. We have experience in smart contract development on Ethereum blockchain and our focus is on analyzing projects that are currently undergoing ICO.

IcoZone believes in a decentralized future. Our team is made of experienced investors, developers, marketing experts and entrepreneurs. We power Initial Coin Offering by offering them a place to promote themselves while we provide White Paper ratings based on relevant parameters that used to calculate the average score.

How is the White Paper rating calculated?

The White Paper rating is automatically calculated as an average score based on multiple parameters: Industry, Technology, Token distribution, Business model, Social impact, Problem solved, Product development, User base, User friendly and Team.

Who can add a new ICO to our platform?

Any person with an approved account on our platform can add a new ICO. However, they will be in “pending” mode until a member of our team will validate them.

How long does it take for a new ICO to appear on our platform?

Depending on the number of the ICOs in the “pending” queue, it can take anywhere from one day to two weeks.

How to become "Hot and Trending"?

The “Hot and Trending” section is reserved for sponsored projects that pay an advertising fee. To get featured there, you need to opt for the advertising option when submitting your project for validation.

Can I update my ICO details?

The person who submitted the ICO for validation can later edit the ICO details. However, any change must be approved by one of our team member.

How to report a SCAM ICO?

You can report any type of threats, hacking, fraud, scams, attacks, etc of the ICOs published on IcoZone by sending us an e-mail at contact@icozone.info together with the proof of your arguments.

Please note that the White Paper ratings and ICO descriptions do not indicate whether an ICO is a scam or not. Our system does not have the mechanism which could detect frauds or false information.

Can an ICO pay for a better rating?

No.

What does the Premium listing mean?

The Premium listing puts your project in front of the queue and our team will look into it faster than in the case of projects that opt for the free listing.

Does the Premium listing improve rating?

No.

Where can I apply for Premium listing?

You can apply for Premium listing when submitting your project for validation.

Where can I contact an official from IcoZone?

You can contact us on our e-mail address: contact@icozone.info

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