Reports from the interwebs indicate that the ICON foundation has announced that a new partnership with VELIC is in the offing. The renowned cryptocurrency and digital wealth exchange platform participated in the just concluded ICX Station success accelerator program.
The program, which is aimed at listing a number of potential opportunities that are related to the ICX Station, unveiled the fact that VELIC would be at the forefront of supporting the listing of ICON decentralized applications or DApps on its platform.
Having said that, now that VELIC is ICON’s new listing partner, it is expected that the ICX Station will be in a better position of offering projects through the avenue with much-increased liquidity and flexibility. What’s more, VELIC is on the record supporting the IRC2 Standards hence effectively lowering any roadblocks that were present for any ICON-related token or ICO seeking capital liquidity.
Additionally, it is expected that VELIC will still have to conduct their own individual due diligence and approval process before recommending it to be listed on the platform. Therefore, after successfully passing through VELIC’s internal audit committee, they will offer their unbiased fundraising support with the aid of an array of promotions such as IEOs (Initial Exchange Offerings), consulting and IAOs (Initial Auction Offerings).
To this effect, ICON signed a mutual and strategic partnership with the management of VELIC in 2018 January. This partnership was mostly geared towards establishing a blockchain-centered financial ecosystem whose specialty is offering financial services on a relatively larger scale than ever before.
In return, ICON’s MainNet DApp was to be built through the tokens that are behind the power of VELIC’s internal token appreciation economy. And considering that the exchange is set to be launched later this month, VELIC went ahead and developed its own unique and original IAO token platform.
This new platform will be responsible for introducing a foray of products that revolve around asset management services including the likes of digital vaults that are designed with exclusive security solutions in addition to loans and business investment products.
Jonghyup Kim, one of the leading Council Members of the just established ICON Foundation, said the following about the launch of this venture,
“This is geared towards the vitalization of the recently created DApp ecosystem, therefore, it is more or less a way of securing a distribution channel for digital tokens and cryptocurrencies.”
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