Iconiq Holding Burns All Unsold Tokens To Drive Value To Community - Deutsche Digital Assets

Iconiq Holding Burns All Unsold Tokens To Drive Value To Community

January 17, 2019

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At Iconiq Holding, our goal is to drive value to our community through the development of sustainable and scalable business models for Iconiq Lab, Iconiq Funds and the soon to be launched technology platform for Crypto Asset Managers, AMaaS. With the ICNQ sale now concluded, the Iconiq Holding team is burning all unsold ICNQ tokens on Jan. 17, 2019, a total of 7,039,816.394627980, to the burn wallet 0x0000000000000000000000000000000000000001. As of today, only 10 Million of the initially planned 20 Million ICNQ tokens will remain outstanding when including the previously burned 2,960,183.60537202 tokens from prior sales and services rendered by Iconiq. The other burn wallet is 0x0000000000000000000000000000000000000000.

The 10 Million outstanding ICNQ token supply will continually be reduced as we burn 10% of all tokens Iconiq receives for services on a quarterly basis.

Keep an eye out for the listing of the ICNQ token on GBX-DAX later this month. The Airdrop and Bounty distribution will be initiated as soon as all testing is completed. Thank you for your patience!

Find out more on what happened at Iconiq from our CEO Patrick Lowry`s annual review: https://medium.com/@iconiqlab/an-iconiq-year-9da9af94cf08 and follow Pat’s tweets at https://twitter.com/PatALowry

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