FAQ | Iconize

What is Iconize, and what does it aim to achieve?

Iconize is a project that aims to popularize investments in luxury assets such as supercars and hypercars through tokenization. By tokenizing these assets, Iconize enables a greater number of investors to have access to this type of investment and allows for risk sharing among participants.

How does the tokenization of supercars work on the Iconize platform?

Iconize partitions a supercar into a specified number of tokens (x) for sale. These tokens adhere to the ERC-20 standard and represent the right to a share in the profits generated by the car. Investors can purchase these tokens on the Iconize platform to gain a fractional ownership stake in the supercar.

What are the benefits of investing in tokenized luxury assets through Iconize?

Investing in tokenized luxury assets through Iconize offers several benefits, including:

Accessibility for a wider group of investors
Sharing of risk among participants
Tradable tokens on the secondary market
Potential for high returns as supercars can appreciate in value over time

What types of luxury cars are available for investment on the Iconize platform?

The Iconize platform offers carefully selected supercars and hypercars that have strong investment potential. Our team of experts from the Supercar Club collaborates with us to identify and recommend the most suitable vehicles for tokenization. These vehicles are typically limited edition models or collector's items with the potential to appreciate in value over time, ensuring that our investors have access to a curated selection of high-quality luxury assets.

How are the token prices determined for each luxury car on the Iconize platform?

Token prices for luxury cars on the Iconize platform are set below the market price but slightly above the purchase price. This pricing strategy takes into account the Premium Index Price effect, which serves as an additional incentive for users to buy tokens below the prevailing market price. The difference between the token sale price and the car's purchase price is directed to the Iconize treasury, which can be used for potential supply control measures and to support the long-term stability of the platform.

What is the Iconize Launchpad, and what are its main features?

The Iconize Launchpad is a platform designed for the debut of tokenized cars on the market. Its main functions include enabling sales and voting participation for these vehicles.

How does the Tier system work, and what benefits can I gain by locking my $ICON tokens?

The Tier system in Iconize is based on the amount of $ICON tokens locked by users and the blocking period. By locking more tokens for a longer period, users can obtain higher Tier levels, which offer various benefits, including lower transaction fees, greater allocation in token sales, faster access to new offerings, and increased voting power.

How is voting power calculated for decisions related to specific luxury cars?

Voting power in Iconize is calculated using the following formula: PoV (Power of Vote) = Tier * no. Tokens This means that your voting power is determined by your Tier level and the number of tokens you hold.

How does Iconize generate revenue, and what are the fees involved in using the platform?

Iconize generates revenue through transaction fees for buying and selling tokens on the platform, with an average fee of 5%. The exact fee depends on the user's Tier level. Additional revenue is generated from secondary market fees, where tokens are exchanged between users. In the future, Iconize also plans to earn revenue from physical events and additional products related to the project.

How can I contact the Iconize team if I have questions or need assistance?

Via email: hello@metadriverseclub.com

Who can invest in tokenized supercars on the Iconize platform? Are there any geographical restrictions?