Tokenbox is the combination of KYC, legal transparency, ratings in multi-wallets, software security. (Contest)

Interview with project Tokenbox.io exclusive to ICN channel:

1. Tell us about your project. What are its advantages? Are there analogues in the financial market? Which geographic markets are the most important for the project?

Tokenbox is an ecosystem aiming to solve all these current crypto market issues and insecurities at one place.

Traders and funds will be tokenized through the system’s web interface and legalized through the system’s umbrella license. They will then gain access to a large community of already Know-Your-Customer, or KYC, authorized investors. Meanwhile, for their part, investors will get access to a wide range of funds and traders, which have already gone through all the Tokenbox’s strict due-diligence procedures.

There are some tokenized funds that already exist. What we need to work on is the legal functionality, like creating entities that will enable issuing sub-licenses to traders and funds that want to use the platform, this is what people have been asking quite a lot for.

The crucial advantage of the platform that I have not seen anywhere else is the combination of KYC for approved traders, legal transparency, ratings in multi-wallets, software security, tokenization choice and smart-contracts with fiat components.

The whole world. Crypto assets are truly a global instrument. We never thought of limiting our work within a geographic location. Any limitations are linked to temporary issues with regulations.

2. How do you differ the concepts of "funds" and "traders" within your ecosystem? What will be the main difference in their work in Tokenbox?

A trader is a person, who independently makes decisions and selects active trading strategies on the market. A fund mostly includes a team of specialists (a fund manager, a portfolio manager, a department of analysis and strategy). Decisions can be made collectively.

Basically, there will be no difference in utilities for traders and funds. Difference in names of “trader” and “manager of fund” is relative. Anyone, who is managing assets on the cryptomarket, can be named a trader. On the other hand, for an investor any portfolio, that he can invest in being a shareholder, is basically a fund.

3. One of the advantages of Tokenbox you call "legality" of the existing funds. Will there be any special registration procedures for the funds? Is there a minimum financial threshold for the entry of funds and traders into the ecosystem?

First of all, every trader or fund will have to pass various compliance checks and due diligence. Second, funds and traders don't have full access to the money. As a small fish in the investment sea, we think the investors' protections comes first. If a fund passed our compliance procedure but turned out to be unscrupulous in its practices, there mustn't be a way for the shareholders to pull their money out, the system is centrally responsible for all funds.

There is no minimum threshold. The amount of managed assets is only limited by the amount of TBX tokens in a portfolio, that is required by the platform’s functionality. Funds and traders should keep the TBX ratio at a minimum 5%.

Although, there is one limitation, dictated by the market itself. Investors are unlikely to join a trader’s porfolio of a small size. In fact, investors expect a fund manager or a trader to have an experience in managing significant amount of assets.

4. How will the rating of funds within the ecosystem be implemented?

A rating system will entitle investors to make a balanced decision while choosing a particular fund. It will allow even a small capitalisation fund to compete with larger participants, having a similar rating.

The main criteria for the rating system will be:

• profitability of the strategy (retrospective for the selected period, shown at different market phases, etc.);
• risk management (classification of assets, share of capital for the transaction, maximum drawdown for the selected period, etc.);
• a description of the strategy (transparency, credibility, history of strategy implementation).

5. Why were Ethereum smart contracts chosen as the basis of the ecosystem? Have you considered alternative projects that develop better smart contracts?

We didn’t want to look into other blockchain projects for several reasons:

1. Ethereum is a very reliable blockchain network, time tested and highly trusted.
2. Funds’ tokens based on an Ethereum blockchain, ERC-20 standard precisely, are universal for many services, wallets and stock exchanges. It allows to stock them safely and in a form that investors are used to, which is important.

6. How much is expected to be raised for the ICO? What are the goals for it? What features of the "bounty" you have provided for users?

As for raising a capital - and we’re being quite modest, compared to other market players - Token Box team would like to raise up to 20 million dollars.

Our minimum goal was 1 million, and we've already achieved that. We currently have about $7 million in bids we’re working on, and the money's already coming in.

What are these assets intended for? 20% is going to the team. The legal expenses are undoubtedly large: we have to register and obtain licenses in every market that we're targeting, the US, Europe, Singapore etc.

The development will also take a lot -- such things as the trading terminal redesign, mass tokenization (The Token Fund is already tokenized). In 2018, we're going to begin to release the existing product, some of it is already working within The Token Fund. For at least half a year the capital would be frozen. We're going to create a managing company and fund it from this money.

There also will be a separate product company. Marketing is yet another item on the list that is included in the 20% allocated to the team. Our project is hot enough that we're selling it to the market via multiple channels, like WhatsApp and Telegram exchanges. The 20% isn't just what the team asks for, it will insure the future of the managing company.

7. Is there an emission limit for TBX tokens? How can TBX tokens be used inside the Tokenbox system?

Token generation process (ticker - TBX) is organised using a smart contract on the Ethereum platform. Thus, TBX is a token of the ERC-20 standard and can be stored by investors using diferent wallets and services. TGE is planned on the basis of a limited release (Issue). In total, no more than 31,000,000 TBX will be released. The total number of issued tokens is dependent on the amount invested. The total number of tokens after TGE cannot be increased.

8. What is the reason for your choice of jurisdiction?

Caymans are closely watching the crypto developments and, based on the comparisons made, we believe that is a good choice for Tokenbox.

9. How do you develop possible scenarios for the regulation of cryptocurrency market and ICO in different countries in the future? Are you ready, if necessary, to obtain licenses and permits to work with securities in countries that equate them with tokens?

We constantly monitor all the changes in crypto regulations along the markets. Each particular case we will be taken into consideration. We are aiming to alline Tokenbox will all the legal requirements every market we are operating.

10. How will the software security of the ecosystem be ensured, considering that hackers are increasingly attacking blockchain projects, especially those related to finance?

Investor's funds, excluding daily liquidity, are stored on multi-signature wallets behind a closed loop. All private keys are placed in a separate storage behind the contour of the platform, which allows to guarantee a higher degree of their safety.

11. What is the next phase of the project after the ICO and when will it happen? When is the operating system going to be launched?

First, following TGE, We need to conduct complex legal procedures and large scale development. Q1 2018 will be active development stage of Alpha- & Beta- versions of Tokenbox platform, including

• Tokenbox platform web-interface
• Tokenization for funds
• Parsing system and back-end
• Built-in analytics tools
• Rating System
• ICO marketplace
• Own licensed capability for funds and traders on the platform within the "umbrella fund" (sublicense)
• Investments for selected partners (funds & traders)

The alfa-version will be functional for early-bird Funds and Traders which will announce their partnership with Tokenbox. The first partners of Tokenbox (funds and traders) have the opportunity to receive significant funds for managment at the start of work with Tokenbox.

12. Tell us about your bounty program and opportunities for active users ready to tell about your project to other investors. 

In total, the bounty pool allocated 1,000,000 TBX of the total number of tokens:

• Blogging and video campaign - 20%
• Facebook - 20%
• Twitter - 20%
• Campaign signatures and avatars - 10%
• Ambassadors - 10%
• LinkedIn - 5%
• Translation campaign - 5%
• Reserved for other campaigns - 10%

We also organize contests with our partners.

For example, for subscribers of your channel, we came up with the following contest. Each participant has a chance to win 300 Tokenbox Tokens (equivalent to 1 ETH).

The conditions of the contest:

1. Be subscribed to the channel @news_review_ico
2. Be subscribed to the chat Tokenbox http://t.me/tokenbox/ 
3. To Post in your Facebook, Twitter or VK the following text: ”I participate in contest from Tokenbox and channel @news_review_ico to win 1ETH (~$300). More details are in the interview: https://t.me/news_review_ico/118 #tokenbox #cryptocurrencies #blockchain #ico.
4. Fill in google form http://bit.ly/TokenBoxEng.

300 tokens will be played (equivalent 1 Ether) November 20 with the help of random selection of numbers and choose one winner.

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