Press Release
PRESS RELEASE

ICO RACE

We have received this press release I want to share with you. In the coming week we will look closer at the event and what we will expect from it so, for now, enjoy their press release.

ICO RACE, A NEW EVENT FOR CRYPTO STARTUPS, HAS ANNOUNCED LARGEST EVER PITCHING PRIZE OF $1 MILLION AND A LISTING ON ONE OF THE TOP THREE EXCHANGES IN THE WORLD

 

CALL FOR ENTRIES NOW OPEN

 

The event, organised by Eidoo, the multicurrency wallet and hybrid exchange, will be held in Lugano on 7th June 2018 to give ICOs the chance to win the highest prize ever given for a pitching competition
Lugano, Switzerland: April 26th, 2018 – Cryptocurrency app Eidoo is inviting selected ICOs to pitch at The ICO Race held in Lugano, to win a staggering total of $1 million towards token sales.

 

The event one of the first of its kind in the crypto world that will award money to an ICO in exchange for tokens, following a rigorous process judged by a panel of seven experts within the sector.

ICOs that are interested in participating in the event are invited to submit the required information by 3rd June, 2018. Each ICO will have a 10-minute pitch in front of a qualified panel of judges who will make their evaluation based on five steps; solution of the problem, business & token sale model, token sale terms, the team behind the ICO and their pitch. In addition to the prizes, Eidoo is offering the ICOs attending the semi-finals and finals the option of a 20% discount on their acclaimed ICO Engine Platform.

All ICOs that enter will be filtered through specific criteria. Adhering to traditional market policies, each team will be required to explain how they aim to address distinct problems with their product or service. From this, the panel will evaluate the market potential, the consequential future demand and the scalability of the project.

Judges will be looking at why a new token is needed, why an on-chain solution is necessary and how the project could be successful.

Finally, the judges will consider the evaluation of the token release process, the pricing and the discounts applied to the ICO backers.

Entrants are expected to come from a wide range of sectors including finance, IoT, artificial intelligence and identity, amongst many others. Successful ICOs will be ranked based on the evaluation given by the judges. The top three ICOs will be awarded as follows:

  • 1st place – $600K + Listing on one of the top 3 exchanges in the world
  • 2nd place – $300K + $100K discount on ICO Engine Services
  • 3rd place – $100K + $100K discount on ICO Engine Services*

Eidoo CEO and ICO Race judge panellist, Thomas Bertani, says of the event:

“The ICO Race is an opportunity for up and coming ICOs to strengthen their chances of succeeding. For Eidoo, it’s extremely important for us to penetrate through the growing market of ICOs to ensure we support sincere and innovative ideas making the best use of token sales, a completely modern and decentralised concept. We’re very much looking forward to meeting and hearing from a multitude of teams with potential working relationships in mind.”

*Prizes in dollars are intended as purchase of the company’s tokens at the private sale price.
Crypto Media Service
The writers writing under the pseudonym of crypto Media service Iis shadow writers all with experience in cryptocurrency of at least 3 years, they have either been invested in trading or worked on the technical side of blockchain technology but wishes to stay anonymous for multiple reasons

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