Check out a recap of the ICNQ token by our CEO Patrick Lowry:"You can read this in detail on the white paper, but for a quick overview of the functionalities for Iconiq Lab, Funds and our soon to be launched platform AMaaS...
Lab: ICNQ holders get exclusive access to the pre-sales with the highest discount on the ICOs of Labs graduates. The more ICNQ owned, the more can be invested into the pre-sales.
Funds: All our crypto asset index funds must pay their management fees in ICNQ to Iconiq. For instance, if there are $100M AUM and a 1% fee, the funds must buy $1M in ICNQ tokens off the open market to pay their fees. Also, holders of 100k or more ICNQ can enter share classes with lower management fees.
AMaaS: Discounted fees can be paid with ICNQ at first, and we are exploring many other interesting options for when the platform is launched.
10% of all tokens we receive back for fees paid are burned on a quarterly basis as well.
All in all, we built a token that has high incentive to hold large amounts of, decreases in supply, and continual institutional demand as our Funds grow" If you have questions, make sure to join our
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