Whitepaper

Declaration of intents

IMPORTANT-RISK DISCLOSURE

In accordance with the criteria of the CNMV and in compliance with the request received from this body, we have proceeded to record the warning messages regulated in rule 5 of Circular 1/2022, of January 10, of the National Market Commission de Valores, relating to advertising on crypto assets presented as an investment object to indicate that investment in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost. We have also proceeded to introduce the following text in accordance with the request received: It is important to read and understand the risks of this investment, which are explained in detail in this whitepaper. For what we are going to reproduce below the content of Annex II of the aforementioned circular, which we ask you to read carefully, in which you are warned of the possible risks associated with investment crypto assets:

“ANNEX II
High risk investment product
1. The value of the investments and the return obtained from them may experience significant upward and downward variations, and the entire amount invested may be lost.
2. Investments in early-stage projects carry a high level of risk, so it is necessary to properly understand their business model.
3. Crypto-assets within the scope of this Circular are not covered by customer protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.
4. The prices of crypto assets are constituted in the absence of mechanisms that ensure their correct formation, such as those present in regulated securities markets.
5. Many crypto-assets may lack the liquidity to be able to unwind an investment without significant loss, as their circulation among investors, both retail and professional, may be very limited.
Technology risks
6. Distributed registry technologies are still in an early stage of maturity, many of these networks having been created recently, so they may not be sufficiently tested and there may be significant flaws in their operation and security.
7. The registry of transactions in networks based on distributed registry technologies works through consensus protocols that may be susceptible to attacks that try to modify said registry and, in the event of these attacks being successful, there would be no alternative registry that support said transactions or therefore the balances corresponding to the public keys, being able to lose all the cryptoactives.
8. The anonymity facilities that crypto assets can provide make them a target for cybercriminals, since in the case of stealing credentials or private keys they can transfer the crypto assets to addresses that make it difficult or prevent their recovery.
9. The custody of crypto assets is a very relevant responsibility since they can be lost in their entirety in the event of theft or loss of private keys. The entity that performs the custody of the advertised crypto assets, the country in which it performs it and the applicable legal framework will be identified.
Legal risks
10. The acceptance of crypto assets as a means of exchange is still very limited and there is no legal obligation to accept them.
11. When the service provider is not located in a country of the European Union, the resolution of any conflict could be costly and fall outside the scope of the Spanish authorities.
12. When the investor does not have the crypto assets, being in digital purses (“wallets”) of the service provider, and without access to their private keys, this situation will be indicated and the investor’s rights over these crypto assets will be described. “.

We have therefore complied with the guidelines received from the CNMV in the requested terms, although we disagree with the interpretation that this body has given regarding the publicity of our token, which we understand would comply with the provisions of rule 3.2 b and c of the CNMV itself. circulate as it refers to a utility token and, therefore, outside the scope of application of the utility. Without prejudice to reiterating the legal warnings already indicated, which we request you read carefully, and to comply with the requirement received from the CNMV, we express our disagreement with it and with the interpretation given by the supervisory body.

We also want to clarify that nothing has changed in the configuration of our token, which is still useful, and whose detailed characteristics you can see below.

Statement of intents

We are well aware of the enormous responsibility we contracted, and because of this, we have a declaration of intent: we are humbly committed to striving every day to improve as individuals and human beings, and to promote the adoption of collective values that enhance our relationships.

We believe ethical core values: responsibility, integrity, respect, honesty, and fairness are the basis for constructive relationships. Our goal is to demonstrate that compliance with these values also generates palpable benefits by recognizing reputation and trust as an asset. We want to promote all these values in our projects.

About us:

iCommunity Labs democratizes access to blockchain technology as a lever to boost the digital transformation of any business process or organization. Our technology is adapted to the needs of companies to make them safer, more efficient and more competitive. We solve real problems and we add value to our clients, with the aim of being at the forefront of innovation.

The iCommunity Labs Team

Executive Summary

iCommunity Labs comes to boost and enable access to blockchain technology. It comes to democratize and permanently extend its adoption in the real world: companies and their customers. Enough of experiments and costly tests which are not scalable… let’s democratize once and for all this technology to allow all companies to apply this promising technology quickly, easily and inexpensively. iCommunity Labs wants to be for the blockchain what web browsers were in Internet history to the Internet: the means to spread the technology so everyone can benefit from it. Let’s see how we do it.

iCommunity Labs is a flexible and powerful ecosystem of services and tools for Blockchain technology, designed to meet the needs of businesses and organizations seeking to obtain the benefits of such technology without the inherent costs and efforts of implementing their own blockchain infrastructure.

And the core of this ecosystem is the iCommunity Blockchain Solutions (iBS) platform.

iBS is designed to narrow the existing gap between business organizations and blockchain technology, offering this technology as a service. Therefore, the iBS platform allows any company in any industry to deploy Blockchain in its business without having to deal with costly technological projects in addition to saving on implementation costs and the cost related to the maintenance of the infrastructure and evolution of technology.

iBS works as a SaaS, providing all the necessary services to customers and allowing users to access all the advantages of an API platform. This is what we call EBaaS or “Enterprise Blockchain-as-a- Service”. The EBaaS allows companies and customers, in general, to take advantage of cloud-based and already implemented solutions, to build and host: an existing token, smart contracts and blockchain functions, while the platform provider manages all necessary tasks and activities to maintain an agile and operational infrastructure. This greatly facilitates the adoption of blockchain in business.

In summary:

Our mission is to make blockchain technology easy and accessible for all, democratizing its use, decentralizing business models and bringing blockchain technology to businesses and people in an easy, fast and affordable way.

For this, iBS platform:

  • provides a fast, low-cost and low-risk way for companies to adopt this technology backed by a cloud platform with the highest possible level of security and transparency.
  • is the required catalyst to trigger a much wider and deeper penetration of blockchain technology in all industrial and business industries.

Abstract

People and businesses are more and more willing to adapt to new technologies. However, the technical complexity and operational costs involved in the creation, configuration, operation and maintenance of blockchain technology and required infrastructure act as barriers for mass adoption. iCommunity Blockchain Solutions (iBS) has come to resolve all these problems:

iBS is a platform that allows companies to benefit from cloud- based and ready to use blockchain solutions, providing everything needed to implement blockchain technology:

  • Existing utility tokens to access iBS services
  • Access to write and read/query to multiple private and public decentralized database (DTLs)
  • Distributed storage services
  • Robust KYC capabilities based on blockchain ID protocols
  • Smart contracts
  • Fully management of wallets

Additionally, iCommunity Labs will take care of all the necessary tasks to keep an agile and operational infrastructure with access to state-of-art decentralized ledger technologies. Adoption of the blockchain is hugely simplified since it dramatically shortens the implementation time needed while reducing associated operation and maintenance costs, enabling companies to worry only about their business logic.

Some of the benefits of this approach:

  • It allows customers to outsource the provision of basic services advantageously, among these, the routine activities that provide no differentiating value.
  • Reduction of costs, both capital and operational.
  • It allows organizations to vary their use capacity (by a Service Level Agreement) according to their specific needs.
  • The period between the purchase decision and obtaining real business value is reduced to days. It is also ideal for testing and creating prototypes or proofs of concept. If it fails, the cost is considerably lower than if it had been built from scratch.
  • The cost is predictable and it’s “pay-per-use”, so it’s easy to adapt any of these to an economy of scale.
  • Guaranteed backup service, which ensures the recovery of all data and the whole system at all times.

In summary, iBS provides a fast, low-cost and low-risk way for companies to adopt the technology and benefit from an already created ecosystem, backed by a cloud platform with the highest levels of security and transparency. iBS is the perfect catalyst to trigger a much wider and deeper penetration of blockchain technology in all industrial and business industries.

Background and current problems

Blockchain technology is one of the most promising trends of the 4th Industrial Revolution, which has been expanding during the last few years with adoption across all types of companies. Several surveys estimate that at least 70% of the organizations will have some involvement with blockchain in the next few years.

However, blockchain is creating an incipient, fragmented and unpredictable ecosystem considering the lack of standardization and interoperability between the different technologies. Mainly due to the widespread uses and the limited number of qualified professionals, the adoption of commercial uses has been hard and slow.

Today’s incipient, fragmented and unpredictable blockchain ecosystem makes enterprise adoption hard and slow.

Therefore, there is a technological need in the market to provide a simple, global, transparent, and interoperable solution capable of joining all blockchain technologies and tools to boost its adoption across interested companies.

iCommunity wants to solve this need with its expert team, leading the democratization of global blockchain technologies.

On top of everything else, every company that has ventured to explore this technology to date has developed its own blockchain use case, creating their own development, their own token, their own smart contracts and more. Everything has been made ad hoc from scratch for each case. There are thousands of different tokens, most of which have no value beyond each particular use case, trying to increase their value in decentralized exchanges, which is making the vast majority of blockchain application projects fail.

Each company is working alone when it turns out that many of the use cases are 80% applicable to other companies in the same industry (addressing the necessary customizations for each specific case). Huge resources are dedicated to developing the same use cases again and again, which makes no sense (more so taking into account the difficulties involved with these projects).

What is the market for Enterprise Blockchain-as-a-Service (EBaaS)?

The Blockchain market is valued at more than 2.5 billion euros, and it is expected to keep growing in the following 5 years to over 200 billion euros, with a current dominance of the USA market, but where the European and LATAM markets are rapidly growing.

According to the recent study published by Gartner, the billing associated with the public cloud (“as-a-service” models) worldwide will grow by +21% during this year. In total, we are targeting a market of nothing less than 200 billion dollars.

The rapid growth of the Infrastructure-as-a-Service (IaaS) segment contributes to these extraordinary numbers, with an increased rate of 36% year-on-year and estimated revenue of 41 billion dollars for the current year.

Of course, SaaS is still the king of the public cloud, as this layer of cloud continues to grow at a good pace, 22% this year, up to 74 billion dollars of turnover.

And the most important: Gartner estimates that by 2022 SaaS applications will already account for 45% of all software spending in the world. And this is where the great potential of the EBaaS model can be glimpsed since it continues the disruption and innovation of the technology along with the big advantages of the SaaS model.

Thus, the EBaaS approach provides a fast, low-cost and low-risk way for organizations to adopt this technology and benefit from an already created ecosystem, supported by a cloud platform with the highest level of security and transparency possible.

And this is where our solution iCommunity Blockchain Solutions (iBS) comes in: an EBaaS platform that enables this new business model to be added to the success of other “as-a-Service models”, already widely validated in the market and with enormous potential.

Why EBaaS platform?

Enterprise Blockchain-as-a-Service (EBaaS) model constitutes a proposal that allows companies and customers, in general, to take advantage of cloud-based solutions already implemented to build, host and provide an existing token, smart contracts and blockchain functions, while the platform provider manages all the necessary tasks and activities to keep the infrastructure agile and operational. Therefore, the adoption of blockchain is dramatically simplified. It is based and works similarly to the concept of the Software as a Service (SaaS) model.

Therefore, the adoption of blockchain is dramatically simplified. It is based and works similarly to the concept of the Software as a Service (SaaS) model.

Platform benefits

Business model

Based on a “pay-for-service” model, (as-a-service) the revenue model is similar to that of SaaS. Pricing model:

  • Monthly fee (subscription) for using a specific iBS use case (certification of contracts, degrees, jobs, etc.). This fee includes its maintenance and operation.
  • Cost per use is based upon the number of API calls done by each user.

Plans

Technology: the iCommunity Blockchain Solutions (iBS) platform

iCommunity offers a flexible and powerful platform that includes a simple API service and complementary dashboard tools working with blockchain technology designed to meet the needs of companies and businesses that seek to obtain the benefits of this technology without the inherent cost and effort of developing their own blockchain infrastructure and technical knowledge.

This “iCommunity Blockchain Solution” (IBS) platform currently solves the main problem of being able to bring this technology to companies of all sizes, along with new accessories and others to come in the roadmap and which we will show later in this whitepaper. Our solution constantly pursues the combination of results of the simplicity of integration of companies such as stripe + the added value services of companies such as Netflix or others focused on offering quality results, continuous service, and low costs.

iCommunity Labs continuously worked on the democratization of blockchain. iBS is the first multi-chain platform to offer “Enterprise Blockchain- as-a-service” to incorporate blockchain capabilities in a self-service and low-code API. The multi-chain layer connects the different external apps with different blockchain networks (private and/or public), allowing our clients to carry out transactions with the most suitable network.

The platform is responsible for the continuous maintenance of the connections to the different networks, updates, new network incorporations, and easy simple change from one to another and in a transparent way and that generates greater interest for customers.

Benefits of the iBS platform

iBS services scope

iBS-IDentity: a digital identity service based on blockchain

The traditional identity systems of today are fragmented, insecure, and exclusive. Blockchain enables more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems.

Blockchain identity management systems could be used to eradicate current identity issues such as 

  • Inaccessibility
  • Data insecurity
  • Fraudulent identities

Blockchain technology offers the following benefits:

  • Decentralized Public Key Infrastructure (DPKI)
  • Decentralized Storage
  • Manageability and Control

What is Digital Identity?

A digital identity arises organically from the use of personal information on the web and from the shadow data created by the individual’s actions online. A digital identity may be a pseudonymous profile linked to the device’s IP address, for example, a randomly-generated unique ID. Data points that can help form a digital identity include usernames and passwords, drivers license number, online purchasing history, date of birth, online search activities, medical history, etc. Biometrics, Behavioral, Biographic are the modals that make up a person’s identity.

Digital identification can be used in many ways:

  • For Companies

Companies often collect sensitive information about their users and store them alongside less-sensitive routine business data. This creates new business risks with the rise of user privacy-centric regulations such as GDPR and the shifting industry focus to corporate IT responsibility. When these data are relegated to tight-lipped data vaults, they become less useful in driving product improvements and attaining true customer understanding. Only after receiving large fines or developing stronger IT capabilities will many enterprises pursue expensive and risky projects to achieve the right balance between data security and business needs.

  • For IoT Devices

There are about 7 billion internet-connected devices. This number is expected to grow to 10 billion by 2020 and 22 billion by 2025. In a still-nascent industry, most IoT technologies do not incorporate appropriate identity and access management capabilities, not unlike the early Internet which consisted solely of trusted institutions. Interconnected internet of things (IoT) devices and objects must identify sensors, monitors, and devices, and manage access to sensitive and non-sensitive data in a secure manner. Leading IT vendors have begun to offer IoT management systems to address these service gaps. For example, it is not uncommon for a single organization to have tens of thousands of IoT devices, in contrast to the mere dozens or hundreds of traditional servers and user devices. Mismatching standards across devices is a common ailment with such volume. Security frequently remains an afterthought to the already-taxing implementation of simple management capabilities at scale, evident with large-scale IoT hacking emerging as a vogue topic at top IT security conferences.

  • For Individuals

Identity is integral to a functioning society and economy. Having a proper way to identify ourselves and our possessions enables us to create thriving societies and global markets. At its most basic level, identity is a collection of claims about a person, place or thing. For people, this usually consists of first and last name, date of birth, nationality, and some form of a national identifier such as passport number, social security number (SSN), driving license, etc. These data points are issued by centralized entities (governments) and are stored in centralized databases (central government servers).

Physical forms of identification aren’t widely available to every human for various reasons. Approximately 1.1 billion people worldwide don’t have a way to claim ownership over their identity. This leaves one-seventh of the world’s population in a vulnerable state – unable to vote in elections, own property, open a bank account, or find employment. The inability to attain identification documentation jeopardizes a person’s access to the financial system and in turn, limits their freedom.

Citizens with officially recognized forms of identification continue to lack complete ownership and control over their identities. They have a fragmented online identification experience and unknowingly lose the value that their data generates. Companies holding their data are subjected to frequent hacks, which forces a lifetime of fraud mitigation for the end-user. Once a social security number is issued and lost, there is little to no recourse.

iBS-IDentity

As part of iBS platform, digital identity service will allows to modernize identity management for organizations and individuals. Leveraging the power of blockchain and biometrics, iBS-IDentity will makes establishing, tracking and maintaining digital identities more efficient, user friendly, secure and less open to fraud.

iBS-IDentity will makes life easier for organizations in that it will be interoperable with other databases, so existing data remains in original locations. Attestations are immutable, providing trust for background checks.

These components, in addition to the open source algorithm created by iCommunity, will ensure the integrity and persistence of user data and transactions even if iCommunity eventually disappears.

iBS-Tokenization: a tokenization service based on ICOM ecosystem

Blockchain is undoubtedly one of the hot topics presented in the world of finance. It has introduced various new advancements alongside presenting distinct benefits with its traits such as decentralization, transparency, distributed structure, and immutability. Therefore, blockchain has found various applications in the global financial ecosystem, and asset tokenization is one of the notable mentions that draw attention towards blockchain.

Asset management is a very crucial concern for all organizations. However, the existing asset management landscape is plagued with various setbacks due to duplicity of documents, limited transparency, and forgery. The tokenization of assets can help in leveraging the capabilities of blockchain for transforming the physical asset management process.

Why Should Businesses Choose Tokenization?

The conventional asset management approach presents a higher vulnerability to the chances of fraud and errors. In addition, the following issues in asset management industry also point out the need for benefits of asset tokenization.

  1. The current asset management industry depends on approaches that create exceptional difficulties in pinpointing the source of error in event one occurs. Furthermore, the complexity of asset management with traditional tokenization also creates barriers to ensuring proven accountability.
  2. The fragmented storage of data with existing tokenization mechanisms also creates the need for blockchain tokenization. All the parties involved in asset management transactions with conventional tokenization have their own versions of data. As a result, it creates considerable difficulties in pointing out the source of error, especially considering complexity of the processes.
  3. Another prominent issue that plagues the existing state of asset management refers to complicated onboarding process. Malicious agents could leverage the extended duration and slow speed of conventional tokenization processes. Hackers could exploit the vulnerabilities arising from complications in the process and use forged documents or IDs for getting onboard without any difficulties.

iBS-Tokenization

iBS-Tokenization is basically the iCommunity Labs service involving conversion of physical as well as non-physical assets into blockchain. The concept of blockchain tokenization has gained considerable popularity in recent times. Gradually, tokenization is finding blockchain applications in traditional industries such as real estate, stocks, and artwork.

iBS-Tokenization is the perfect ally for project promoters and financial investors to achieve new forms of economic relationship. Thanks to the digital liquidity of tokenization, especially by decentralized pools, any market can benefit from greater financial liquidity.

  • Better liquidity
  • No more intermediaries
  • Automation and efficiency
  • Better transparency
  • Improved accessibility
B2C verticals

In order to demonstrate the power and capabilities of iBS and provide interesting possibilities for people to incentivize them to use the ICOM token, we are creating use cases (verticals) for:

  • Digital notarization and evidence generation for events and any type of file (documents, pictures, logs,…)
  • Certified traceability:
  • Personal data anonimization:
Multi-vitamin Dashboard

Clients and developers have access to iCommunity support dashboard to control and monitor transactions with visual and intuitive set-up and help tools.

These “vitamins” tools and functions work along and complement the iBS API to customize set-up easily with no-code modifications required.

  • Get a log of transactions with a link of the blockchain record and, if applicable, access to archived raw files. IPFS encrypted.
  • Technical documentation and tools for developers such as Swagger and Postman.
  • Webhooks aggregator. Just a click to benefit from this functionality.
  • Checker of transactions and certificates. Users can check the time-stamp and integrity of certified data in blockchain from an URL API’s request or manual input of hash query.
  • Enable-disable decentralized IPFS storage of data that may be encrypted or not under demand.
Additional “vitamins” functionalities (coming soon):
  • Enable-disable decentralized Filecoin.io storage of data that may be encrypted or not under demand.
  • Reverse checker of certified files/data in blockchain.
  • Payment of iBS services by ICOMs, iCommunity’s utility token.
  • Automatized control of billing, payments and acquisition of ICOMs.
  • API’s templates selector: variation in functionalities and set-up at the code level with no need to modify or add extra code to the original integration already done.
  • Selector of transaction plans of the different networks, offers, combinations…
  • Automatic issuing and mining of ERC-20 and/or NFT with the creation of needed wallets for each use case.
  • An extensive library of customizable smart contracts, provided by iCommunity or third parties, available for use and already integrated with iBS API.

Innovations of the iBS platform & Competitive advantage

iBS already has a working API product where blockchain capabilities are ready to be used and scale while other competitors’ proposals rely on future promises and ad hoc developments.

  • Interoperability problems between different blockchains/DLTs are resolved, easing integration and transparency of each business application.
  • Different types of businesses are put together, especially those that have no resources to carry out in-house projects.
  • Implementation of business models based on tokenized assets is simplified.
  • Transparency and anti-fraud barriers are enhanced.
  • The easiest API use and connection thanks to the low code proposal.
  • Vitamin dashboard – Click-based add-ons to our API
  • Business transactions are less expensive and faster as manual procedures are automatized through smart contracts.

OX ECO-Protocol

iCommunity is already working in its proprietary “OX ECO-protocol”, an algorithm to manage multiple transactions from different sources and clients so they can be processed jointly within public networks such as Ethereum, so mining cost and energy are dramatically reduced while there is no loss of granularity nor persistence of data.

This protocol will work as a first-layer solution. iBS does not save any transaction, thus reducing possible risks and maintaining all the value of the direct transfer on the network.

How companies are using iCommunity?

iCommunity has relevant clients who are leaders in their industry.

ICOM tokenomics

At the date of publication of this Whitepaper, there is no specific regulation in Spain or at the European Union level that regulates the issuance and offer of digital assets such as the ICOM Token.

Digital assets pose specific challenges, as there may be a lack of clarity on how regulatory frameworks apply to the issuance and offering of such assets. ESMA and certain Competent National Authorities (including the CNMV) have pronounced themselves interpreting and clarifying the implementation of the regulations in force on certain digital assets, in particular with regard to the implementation of the regulations in force on the securities markets.

Some Member States have already enacted specific rules for the issuance and offering of digital assets (eg France, Liechtenstein and Germany). At European level no specific regulation has been formally announced, but it cannot be ruled out.

The ICOM token is NOT intended to be used as a means of payment for goods or services provided outside of the iCommunity ecosystem. And it does NOT represent in any way any participation, right, title or interest in the entities that develop the ecosystem. Any distributor of the ICOM Token on platforms, exchanges, affiliates and/or companies that are not affiliated and/or official partners of the iCommunity Labs ecosystem, is out and NOT permitted by iCommunity Labs. The ICOM Token does NOT grant right to token holders to any kind of promise of fees, dividends, income, profits or investment returns, and is NOT intended to constitute securities of any kind. The ICOM Token may ONLY be used within the ecosystem of iCommunity Labs and its affiliates and official partners, and ownership of ICOM does NOT grant any rights, express or implied, other than the right to use it as a means to enable use and interaction . within the ecosystem.

The ICOM token is a utility token, NOT an investment product.

Return Policy:

The acquisition of ICOM utility tokens from iCommunity will allow the purchaser to withdraw from the contract within 14 calendar days from the date of acquisition, without penalty, provided that he unequivocally expresses to iCommunity within said period, his willingness to withdraw from the contract. You can do so by sending an email to the following email address: hello@icommunity.io Within a maximum period of 14 calendar days from receipt of the notification of withdrawal, we will contact you to, after the appropriate checks, proceed to refund the amount. perceived.

ICOM Utility Token Advance Reservations, Public Sale:

In the case of advance reservations of ICOM utility tokens, it will be possible to request their full refund, provided that it is requested 24 hours before the opening of the public sale. iCommunity will proceed to refund the full amount of the purchase, in the same currency and amount that was made. iCommunity assumes the gas expenses that result from the transaction.

Ethereum, base of the ICOM Token

The platform, “iCommunity Blockchain Solution” (iBS), is the core of the iCommunity Labs ecosystem, and its unique Token, the “ICOM”, is designed to be its Utility Token. Its main objective is to decentralize and facilitate how it operates within the iBS platform, being the only means of use to acquire and use the different use cases within iBS, and in the rest of the ecosystem, formed by the integrated companies. (companies using iCommunity technology and offering value products/services) affiliates and partners.

With the symbol ‘ICOM’, this token is based on Ethereum’s ERC-20 standard.

ICOM use cases within the community:

iBS Platform

All platform and service transactions are purchased with ICOM, facilitating the process. Each type of transaction or service will have different prices that may vary depending on the type of blockchain network, use case, product or functionality. It will also be used as a vote in governance decisions (product improvements, use case creation…etc)

Rewards for using iBS platform

The use of the iBS platform and its use cases will be rewarded with offers and services within the platform and its affiliates (clients and partners who are integrated into the platform and use the ICOM Token in their services), to encourage the use of the ecosystem. Clients who acquire tokens and use the services will be able to benefit from the specific conditions of these, for members of the community.

These rewards will be awarded only in ICOM tokens and will be exchanged only for services on the platform, never for money.

Directory of applications that use iCommunity technology

All companies and developments that connect and make their transactions by iBS platform will do use of the ICOM Token in their projects to take advantage and benefits, promoting a common utility token. The forecast is that, as companies and developments that use the iCommunity Labs platform grow, the ICOM Token will be increasingly in demand.

ICOM Token Operation

The blocking periods (time during which they cannot be sold) and vesting (time elapsed from their issuance until the tokens are in the wallet) for the different types of tokens will be as follows:

Presale.

Lock-up period: 5 months, counted from the official listing on the stock exchange, after the public sale to be launched on March 14, 2022.

public sale

Blocking period PHASE 1: 3 months after listing on the stock exchange.

Blocking period PHASE 2: 2 months after listing on the stock exchange.

(IMPORTANT: These terms may vary, depending on the negotiations with the exchanges and the Phase of said sale where the sale is intended to be launched on the exchange).

Equipment.

Blocking period: 12 months.

Consolidation period: 36 months from the end of the lockdown.

Marketing.

Blocking period: 5 months. Marketing campaigns, where tokens are given away, will be credited to user accounts (in the case of airdrops). These tokens will be released according to your lock conditions.

Advisors, collaborators, foundation and first sponsors:

Blocking period: 5 months, with the same conditions as the tokens intended for pre-sale.

Key data for ICOM Token sale:

Symbol: ICOM

Type: utility token

Decimals: 18 digits

Blockchain: Ethereum

Total limited issue: 100 million

Percentage of Tokens used in the sale (pre-sale + public sale): 35% which is equivalent to 35 million ICOM.

Total Issue: The total supply is limited and non-inflationary.

Denomination: EURO (€)

Conversion rate: If payments are received in BTC or ETH, iCommunity Labs will allocate said amount in ICOM Token, equivalent to the same amount in EURO (€) applying the conversion rate that the company will determine by taking the daily average of the available rates. on Coinbase effective at midnight CET on the same day (the “Conversion Effective Date”). The conversion will be made net of any conversion rate, which will be borne by the applicant, who will also assume each of the losses derived from any adverse fluctuation in the conversion rate between the date of filing of the respective application and the effective date. . of conversation .

Purchase procedures: Users can purchase ICOM tokens, sign up for the whitelist, and complete the KYC application form successfully. Once the KYC is verified, they will have operational access to the purchase application.

Compatible wallets: Any wallet compatible with ethereum ERC-20 tokens is valid, as long as you own its private key. Metamask and/or equivalent addresses are accepted. Exchange addresses are not supported.

Token delivery: ICOM tokens will be delivered to the applicant’s wallet address indicated on the registered account when they are released to the market.

Legal notice: iCommunity is solely responsible for offering the service associated with the token in the terms indicated, and that any transaction carried out between the holder of a token and a third party, either directly or through any type of platform, will be carried out under its entire responsibility, keeping iCommunity harmless at all times from any obligation or liability, in any field.

Distribution Total supply

The distribution will be as follows:

15% presale (SOLD OUT).
20% public sale.
15% for participation incentives.
10% liquidity from exchanges.
15% marketing and rewards*.
15% team.
5% advisors and collaborators.
4% basis.
1% first investors.

ICOM Token liquidity

The blocking periods (time during which they cannot be sold) and vesting (time elapsed from their issuance until the tokens are in the wallet) for the different types of tokens will be as follows:

Presale.

Lock-up period: 5 months, counted from the official listing on the exchange, after the public sale.

Public sale

Blocking period PHASE 1: 3 months after listing on the exchange.

Blocking period PHASE 2: 2 months after listing on the exchange.

(IMPORTANT: These terms may vary, depending on the negotiations with the exchanges and the Phase of said sale where the sale is intended to be launched on the exchange).

Equipment.

Blocking period: 12 months.

Consolidation period: 36 months from the end of the lockdown.

Marketing.

Blocking period: 5 months. Marketing campaigns, where tokens are given away, will be credited to user accounts (in the case of airdrops). These tokens will be released according to your lock conditions.

Advisors, collaborators, foundation and first investors:

Blocking period: 5 months, with the same conditions as the tokens intended for pre-sale.

Blocking period: 5 months. Marketing campaigns, where tokens are given away, will be credited to user accounts (in the case of airdrops). These tokens will be released according to your lock conditions.

Advisors, collaborators, foundation and first sponsors:

Blocking period: 5 months, with the same conditions as the tokens intended for pre-sale.

Earnings dedication

– Business development (team) – 35%
– Technical (team) – 30%
– Marketing (team & actions)- 15%
– Infrastructure costs (HW & SW)- 10%
– Legal & others – 10%

Exclusion of dividends, voting rights or participation in the capital

ICOM Tokens DO NOT entitle their holders to participate, directly or indirectly, in the iCommunity share capital, or receive any kind of dividends. Purchasers of ICOM Tokens shall NOT be deemed to own any stock, equity, convertible equity, debt, financial note, bond, loan or hybrid instrument in iCommunity, nor an option, right or guarantee on such instruments or any other interest in the equity. or management of the Issuer.

Buyers of ICOM Tokens will not have any right of first refusal, right of first refusal, right of drag or accompanying, or any other right of preferential treatment over shares, capital, convertible capital, debt, financial note, bond, loan or hybrid. instrument. In no case and in accordance with the content of this document, an ICOM Token Holder will be granted the right to vote in the meetings of the members of the iCommunity, nor will he be allowed to name or nominate any person in it.

Board of Directors. The only rights to which an ICOM token will be entitled are utility rights, participation rights and use of services within the ecosystem.

Rewards program.

The rewards program aims to reward users who collaborate with iCommunity Labs, with different promotional actions.

Terms and Conditions.

Unfortunately, we cannot guarantee payment of all accounts you refer due to the limitations mentioned above and the risk of fraud, but we will make a good faith effort to do so whenever possible. Additionally, iCommunity Labs reserves the right to change the terms of the referral, airdrop, and bonus program, at any time if reserved token limits are reached, risk of fraud, or other reasons. By participating in the referral program, airdrop and bonus you acknowledge that iCommunity Labs does not guarantee receipt of tokens.

iCommunity

iCommunity Labs was founded 4 years ago by a multidisciplinary team with an average of more than 15 years of proven experience in the technological world, and corporate innovation. Passionate, dynamic professionals with great ability to achieve the goals set.

Founders team

Miguel A. Pérez – CEO

Computer Engineer and Ph.D. in Telecom, +20 years in Transf. Digital, Top 100 CEOs (RegTech Awards 2019), 4 companies co-founded.

Consultant, coordinator and PM in the management of large programs and projects, within the Digital Transformation Plan of the Ministry of Defense. Expert in Critical Systems & C2 Networks, optimization, digitization and process automation. Definition of business architectures. Artificial Intelligence, Algorithmic Trading, Big Data, Cloud, machine learning and application of blockchain to business processes.

Luis M. Couto – COO

20 years international experience in operations and finance, two companies co-founded.

Seven years at Big Four in Spain and the United Kingdom, plus operations and finance experience in renewable energy and new technologies businesses on three continents for 10 years, and three years entrepreneurial experience. Degree in Business Administration and Management, EMBA Global from Columbia Business School and London Business School.

Álvaro Chico – CTO

Engineer & Full-stack architect, +15 years in software development (Senior software developer at IBM, Telefónica and Ericsson), two companies cofounded.

Solidity and Blockchain networks specialist. Leading team management, business vision, and software development, of more than 100 projects: elplural.com, Pringles, Kellogg’s, Dhul, PLCMadrid, Prosegur, Hazloposible foundation, Madrid film festival, Madrid city hall and much more.

Mario García – CMO

Marketing & DLTs expert, +10 years in marketing, Expert in digital marketing, 2 companies co-founded.

Expert in blockchain networks and crypto markets since 2012. 10 years of experience in the audiovisual sector, start-up, marketing and digital business development. Blockchain, SEO / ASO, and Growth Hacking specialist.

The founders are joined by an experienced group of top-notch professionals: Full Stack developers, experts in blockchain and communication and promotion in the Asian, European, American and Latin American markets.

Achievements & Roadmap

Partners

We have collaborators and partners of top relevance within the national and international business ecosystem.

Awards and achievements

  • Top 10 NEOTEC 2020 projects, and Cervera 2020 Project (the most prestigious R&D program in Spain).
  • The Hop-Estrella Galicia Awards, Best Blockchain Startup in South Europe 2019.
  • AEEN / METXA Entrepreneurship Awards, Red Netmentora 2020, Ebro Foods 2020, South Summit 2019, Open Awards 2019, Sanitas “Disruptive”, Women Now by Santander (Madri + d), Retail & Brand Experience Awards, Innsomnia-Logalty Challenge, AENOR Challenge.
  • TOP accelerators: Open Future by Telefónica – Wayra, Lanzadera, Challenge Tel Aviv 2019, Challenge San Francisco 2019 & The Venture City.

Audits and certifications

Community Labs is listed in the official register of the Spanish Ministry of Economic Affairs and Digital Transformation as NQSTP, according to UE Regulation 910/2014. iCommunity has the seal of “innovative PYME” and is an official partner of the “Accelerate PYME” program of the Ministry of Science & Innovation of Spain.

iCommunity technology has been audited by the highest certification standards of official bodies in Spain.

Social and environmental impact

For iCommunity Labs, corporate social responsibility is a vital component and, therefore, contributes to the transformation of the environment to achieve a more just and egalitarian world, knowing that, although it is a complex issue, it is possible to add great value to this change through actions adjusted to its capacity. Therefore, its business model seeks not only economic benefit, but also to create value in society.

To carry out this work, a special CSR program has been developed with different actions and protocols aimed at social inclusion, sustainability, economic development and social welfare. The CSR program seeks alliances with NGOs and non-profit associations with which to collaborate and establish long-term synergies. CSR actions are real and have a clear social purpose.

With this objective in mind, and according to the last section, iCommunity Labs is currently collaborating with an exciting project with the NGO Bokatas.org, an organization formed entirely by volunteers, which aims to be a speaker that makes visible the drama that socially excluded people are experiencing without home or work.

The project consists of a disruptive mobile application with blockchain technology, which will serve Bokatas to streamline and facilitate all the management and organization processes of volunteers on their weekly routes, in addition to offering a program for labor inclusion.

This application will also serve as a means of communication and information for people at risk of social exclusion who request it. All of its features will be free and publicly available.

Sustainability

Within the iCommunity Labs CSR program, there is a section dedicated to Environmental Social Responsibility (RSA). Environmental awareness is taken into account in corporate’s policy and, for this, different protocols are carried out focused on reducing environmental impact and complying with social commitment, respecting the environment and promoting sustainability in production processes.

In effect, the iCommunity Labs management is aware of the importance of the contribution of everyone, companies, institutions, public administrations and individuals, in promoting responsible practices that respect the environment and that allow a clear advance of society towards a better world.

For this reason, the integration of environmental guidelines into its business strategy has been imposed. These guidelines are embodied in the Environmental Policy, which is inspired by two principles: compliance with all applicable environmental regulations, and continuous improvement of activities to protect the environment. With both principles, the startup is committed to the prevention, protection and conservation of the planet.

To carry out these principles iCommunity proposes:

  • Adopt the necessary measures to prevent pollution and, when this is not possible, reduce polluting emissions to a minimum. We periodically calculate and measure the environmental footprint of our activity, to identify improvement objectives.
  • Reduce waste, recycling and reusing it whenever possible, as well as efficiently using natural resources, raw materials and energy.
  • Apply the necessary measures to guarantee compliance with the environmental regulations applicable to our activities at the local, national and global levels.
  • Disseminate the environmental policy among employees, suppliers, and other interested parties. We promote the use of alternative transport such as bicycles, public transport or shared cars. We implement outsourcing, equipment rental to reduce the carbon footprint, the use of paper and the expense of supplies.
  • Train and educate employees so that in their day-to-day work they carry out their performance following the environmental policy.
  • Establish procedures for the periodic review of compliance with the environmental policy, as well as apply corrective measures when these have been breached.
  • Carry out a process of continuous improvement of our performance respecting the environment.

In addition, proofs of concept are being carried out with blockchain technology that has a positive environmental impact. One of them is a blockchain-based platform to promote the circular economy, with a system of bonuses calculated for CO2 savings.

Summary

Digital transformation is turning into the 4th industrial revolution by implementing technologies like Big Data, Machine Learning, Artificial Intelligence or IoT. New technology has recently joined the cast, and it is none other than Blockchain.

However, like all new technology, its implementation has yet to be “democratized”, as it’s a restricted technology due to the high implementation cost, the need for professionals who know how to implement it and the general lack of knowledge that exists about how to adopt a particular business model.

In addition, to date, every company is developing its own blockchain cases of use, creating their own development, tokens, Smart contracts… Everything is made ad hoc for each case. There are thousands of different tokens, most of which have no value beyond each particular use case.

Here is where our proposal comes to be:

iCommunity Blockchain Solutions (iBS)

A platform designed to narrow the existing gap between business organizations and Blockchain technology, offering this technology as a service through (vertical) “use cases” that include a comprehensive technical experience and the support of top developers. iBS is, therefore, the FIRST commercial platform that offers “Enterprise Blockchain as a service”, i.e: “plug-and-play” solutions for all companies in the world. Without a doubt, the ULTIMATE solution to extend the use of this technology to the expected levels.

iCommunity has created and validated the “Blockchain as a service” (iBS) platform with large companies. A unique example of how to land the most disruptive technology of today, to break down barriers, making it simple and economical, so that all types of companies can boost their businesses like never before.

This work has been recognized and audited by various bodies and official awards (NEOTEC, Cervera, innovative PYME… etc.) And by large clients who are authentic international benchmarks in their sector: Estrella Galicia, AENOR, Logalty and more.

Our goal: Make blockchain technology easy and accessible for all, by democratizing its use and decentralizing business models that have traditionally been centralized, which will, in turn, optimize their processes. We bring Blockchain technology to businesses and people in an easy, fast and affordable way.

Disclaimer

iCommunity Labs & Tech S.L. (hereinafter “iCommunity Labs”) is a company governed by Spanish law, with registered office in Madrid, at calle Colmenares, nº3, 28004, with fiscal ID B88350897 and registered in the Madrid Mercantile Registry in volume 39,161, Folio 40, Section 8, Page M-695696. Any information on this page that is “forward-looking statements” is based on expectations, estimates and projections at the time the statements are made and involves a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated. iCommunity Labs cannot offer any guarantees or assurances regarding any forward-looking statements.

The ICOM token complies with the provisions of the draft European MICA regulation: a “digital representation of value or rights, which can be transferred or stored electronically through distributed registry or other technologies”. The ICOM token is a utility / service bonus token to access the innovative tools and services of the iCommunity ecosystems. Therefore they must not be considered as social shares or a cryptocurrency.

ICOM is NOT designed to be used as a means of payment for any goods or services that are provided outside of the iCommunity ecosystem. And it does not represent in any way participation, right, title or interest in the entities that develop the ecosystem. Any distributor of the ICOM Token on platforms, exchanges, affiliates and / or companies that are not affiliated and / or official partners of the iCommunity Labs ecosystem, is outside of said ecosystem and is not allowed by iCommunity Labs. The ICOM Token DOES NOT grant the right token holders to any kind of promise of fees, dividends, income, profits or investment returns, and is not intended to constitute securities of any kind.

ICOM TOKENS WILL NOT QUALIFY AS PURE CRYPTO CURRENCIES LIKE, BITCOIN OR ETHEREUM AND CANNOT BE USED AS SUCH IN ANY WAY. THEY WILL NOT BE USED IN ANY WAY AS EQUITY, ASSETS, BONDS, SECURITIES, DERIVATIVES OR ANY OTHER FINANCIAL INSTRUMENT.

The ICOM token can only be used in the ecosystem of iCommunity Labs and its official affiliates and partners, and ownership of ICOM does not carry any right, express or implied, other than the right to use it as a means to allow use and interaction within the ecosystem.

iCommunity Labs can sell ICOM tokens to the public, which are equivalent to the aforementioned platform services, and ensures this access to all buyers, but reserves the right to modify the launch and / or use deadlines on the platform. ICOM tokens can ONLY be exchanged for services after public sale. In the event that this public sale is delayed for more than 6 months once the initial pre-sale objective has been completed and achieved, the appropriate measures will be taken to be exchanged for the services of the platform.

In compliance with current regulations, during the process of acquiring ICOM tokens iCommunity may require additional information or documentation from the user, reserving the right to reject the request if the requested information or documentation is not provided, or if it is insufficient, especially in the cases of residents outside the EU, Great Britain and EEA (European Economic Area). iCommunity Labs reserves the right to modify these measures, and will communicate them to users through the public and private channels that they have provided in their registration. Users understand when buying ICOM tokens, that these are a means to access innovative services with blockchain technology from iCommunity Labs at a very advantageous discount, compared to the usual prices of the platform, and that the objective of the sale is the incentive and support of users to the development of the BaaS solutions ecosystem of iCommunity Labs. Users understand by accepting the purchase agreement, the possible delays and modifications that may arise.

The ICOM token purchase agreement will apply to any public sale of iCommunity Labs tokens, and buyers understand that they will be subject to the available and updated purchase agreement.

iCommunity Labs is not a bank, private bank, exchange, broker, fund, manager or distributor of group plan investments, financial intermediary, asset manager or otherwise financial institution and does not it is authorized to act as such and is not supervised by any financial market supervisory authority. Neither this documentation nor any other information material related to iCommunity Labs and / or ICOM tokens, including but not limited to the ICOM Token Purchase Agreement, has been submitted or will be approved by any regulatory authority. In particular, this documentation does not will be filed with the Spanish Financial Market Supervisory Authority.

Any purchase of a digital asset involves risks, which are described in the ICOM token documentation, in particular, but not limited to, the ICOM Token Purchase Agreement.

Additionally, each ICOM token owner or potential ICOM token owner is aware of, understands, and accepts the inherent risks associated with Blockchain technology and ICOM tokens in particular, including but not limited to those listed below. The more comprehensive risk factors describing the risks associated with ICOM tokens are set out in the documentation for the particular ICOM tokens, but are not limited to the ICOM token purchase agreement.

ICOM token owners are aware, understand and accept that any smart contract and / or any underlying software application and / or any blockchain network are new technologies that are still in an early stage of development. ICOM token owners are aware, understand and accept that the operation of blockchain networks, including the Ethereum blockchain, may be interrupted or contain errors. ICOM token owners are aware, understand and accept that there is an inherent risk that the smart contract and / or the software and / or the blockchain network may contain weaknesses, vulnerabilities, viruses, errors or that they may be subject to exploitation that causes , among others, the complete loss of ETH, ICOM token, or other (financial) means and / or support. ICOM token owners are aware, understand and agree that any underlying smart contracts and / or protocols and / or any other software, and / or any blockchain network may be subject to delays in processing transactions and / or not correctly executing instructions. valid due to various factors, including but not limited to overall traffic volume, mining attacks, viruses, and / or similar events. iCommunity Labs will not be responsible for any suspension, theft, fraud or loss of ICOM tokens that may occur in connection with any of the risks described in this paragraph.

iCommunity Labs will not be responsible for technical risks related, among others, to power outages, disconnections, time-outs or system failures, delays, transmission errors, disturbances or the overloading or blocking of the systems or networks involved. If iCommunity Labs detects any security risk, it reserves the right, whenever possible, to freeze or close ongoing smart contracts for the protection of ICOM token holders at any time until the risk is eliminated, provided that, iCommunity Labs cannot freeze or close a faulty or destructive smart contract. iCommunity Labs will not be responsible for any damages incurred as a result of such interruption or closure. iCommunity Labs cannot guarantee the availability of an Internet connection.

Information related to ICOM tokens and any public sale of ICOM tokens will be available exclusively to interested persons requesting this documentation for their own use.

This documentation is not intended to contain all information related to ICOM tokens. The information in this documentation is based on facts available as of the date hereof. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information or opinions contained in this document by iCommunity Labs and its advisors. The information contained herein may be subject to updating, completion, revision, verification and amendment, without prior notice, all of which may affect this presentation. It should be understood that subsequent developments may affect the information contained in this document, which neither iCommunity Labs nor any of its advisors have an obligation to update, review or affirm.

This documentation contains general information about iCommunity Labs and is intended for general informational purposes only, at the request of interested persons. With regard to the sale of any ICOM token, ICOM token owners (or potential token owners) should rely on the relevant ICOM token documentation, in particular, but not limited to, the ICOM token purchase agreement.

THE CONTENT OF THIS DOCUMENTATION DOES NOT CONSTITUTE INVESTMENT ADVICE OR A RECOMMENDATION OR INVITATION TO BUY, HOLD OR SELL ANY ICOM TOKENS. IN PARTICULAR, ANY ADVICE RELATED TO ANY DECISION TO PURCHASE ICOM TOKENS IS NOT CONSIDERED TO BE PROVIDED (AND SHOULD NOT BE TAKEN AS SUCH), AND SHOULD NOT BE CONSIDERED AS A PROVISION OF COMPLETE INFORMATION IN CONNECTION WITH SUCH DECISION. IF YOU HAVE ANY QUESTIONS REGARDING THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISOR (S). THE CONTENT OF THIS DOCUMENTATION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE OR PURCHASE ANY ICOM TOKENS.

THIS DOCUMENT DOES NOT CONSTITUTE A BROCHURE IN ACCORDANCE WITH SPANISH LAW.

Potential and actual ICOM token holders are aware and understand that certain jurisdictions restrict or may in the future restrict their residents or citizens from participating in any token sale, use of cryptocurrencies, or any exchange of the above items for any reason. The acquirer of tokens must know the regulations that apply to them and be in a position to be able to interpret them properly, or, failing that, seek appropriate advice to know the limitations that, where appropriate, may be applicable. iCommunity Labs assumes no responsibility for current or future legal prohibitions that may apply to the conversion or holding of ICOM tokens.

ICOM tokens cannot be converted, retained, used, or otherwise retained, if legal restrictions apply. It is the responsibility of potential and actual ICOM token owners to seek legal advice in their jurisdiction to identify such legal restrictions. iCommunity Labs shall have the right at any time, in its sole discretion and by any means, to exclude, prohibit or restrict participation in the Token Sale or otherwise restrict the ability of ICOM token holders to convert, hold, use or in any other way, retain the ICOM tokens if the respective client does not meet the eligibility requirements established by iCommunity Labs for the purpose of the ICOM token sale, or for other reasons.

All the information contained in this documentation is made available at the request of interested persons, with the understanding that the authors, editors, distributors and advisers do not provide legal, accounting, tax or other professional advice or opinion on specific facts or matters and , consequently, for which they do not assume any responsibility. In no event will iCommunity Labs and / or its advisors be liable for any direct, indirect, special, incidental or consequential damages arising from the use of any opinion or information contained expressly or implicitly in this documentation.