The iCoin Summit is dedicated to be the first to deliver ICO battles to retail and institutional investors’ attention. The team released more details about the event and it appears that this event will be bigger and better than anticipated. The media was stunned with an unexpected upgrade of the grand prize pool for the first ever ICO battle with real investment pool. Big industry names have jumped on as sponsors and the number of attendees keep on rising by the day.
iCoin Summit will take place on the 9-10th of May in Limassol, Cyprus, bringing together the investment and blockchain industries in a rare networking and learning opportunity.
More than 1000 attendees have signed up, including representatives from global tech giant Microsoft, Asia’s rising star Cobinhood, tech experts of Enkonix and dozens of Forex brokers. Big industry names like the Naga Group, Dias Group, ICO Soft, 7Marketz Group and Investcor Corp have joined as sponsors. The event will also include dozens of institutional investors, family offices and surprize guest speakers (we sense political support from some countries here).
While ICO battle as a term is not something new, an ICO battle with real live investment is an innovative and new concept where start ups will compete for funding through a process which includes the attendees’ votes 60% and jury vote 40%. The 16 Blockchain companies competing are prominent projects including Coinero, Decenternet, Loyakk and Vernam.
So what has changed? The already impressive grand prize at the competition has doubled up to a whopping $500,000 but this is not where it ends; the winning ICO will seal a listing deal with a leading crypto exchange and receive media package worth $30,000 on one of the Summit’s main media partners Top ICO List. Additionally, one of the 7MARKETZ Group media brands is committing to invest up to 250ETH worth localized media credit.
Meanwhile, the organizers have committed to provide 250 participants a crypto portfolio of up to $500 in tokens. Interested parties just need to spin the wheel on the website and if lucky claim their ticket to receive the funded wallet at the event.
While the hype was already huge, these upgrades guarantee an outstanding and valuable experience for all parties attending. Tickets are selling fast but bookings for the few remaining spots at the year’s biggest blockchain event are available on the official website.