ICURY (ICY) listed on Txbit exchange

ICURY (ICY), the crypto token or currency of global publisher Icecat (NPEX: ICECAT), will be listed at Txbit.io, a crypto exchange that is established in 2019. “Txbit took this initiative as ICURY distinguishes itself, as a currency issued by an existing, profitable business with substance, operational services and a successful track record. It’s not a crypto of a startup with only a business concept”, says Txbit founder Kees de Wit. Three trading pairs are supported on Txbit from the start: icury/bitcoin (ICY/BTC), icury/ethereum (ICY/ETH), and icury/solaris (ICY/XLR).

Currently, Icecat uses the ICURY as a loyalty token within its ecosystem: a way to reward users. A second airdrop is currently running, whereby users who register for one of the discussion groups within the brand new social media platform within Iceclog will receive 500 ICY as a gift in their Ethereum wallet. Icecat aims to create a spam and ad-free social media for manufacturers and resellers in the fast-growing, global ecommerce market. Icecat does not yet accept ICURY payments, although that is planned and an experimental upload mechanism has already been created for charging an Icecat user account with ICURY.

“Txbit took the initiative to offer ICURY owners the opportunity to trade their tokens. We think it is an advantage that Txbit is located in the Netherlands, an EU country, while the volumes and risks are still manageable”, says Icecat CEO Martijn Hoogeveen. “When regulatory frameworks are implemented within the EU, we want trade, placement, payments, etc. to fully meet expectations and requirements. For this reason, we regard the ICURY project as a pilot and we decide per step what’s the right way forward.”

Both Icecat and Txbit have registered their initiatives with The Dutch Central Bank  (DNB), which is currently surveying the crypto market. “More regulations will be introduced, which we also advocate, in the crypto-cowboy market, which will enforce KYC (Know Your Customer) obligations. In an informal consultation with the Dutch Authorities Financial Markets (AFM), AFM stated that according to the Dutch Securities Act, ICURY should not be regarded as a ‘security’ and that DNB does not see ICURY as money.”

The ICURY, ticker ICY, is issued by Icecat Content Sourcing OÜ (Icecat Estonia) based on Ethereum (ERC-20). The token is currently only available for registered users in the ecosystem of Icecat via so-called airdrops. In order not to limit the worldwide usability of the ICURY, Icecat does not do an ICO (initial coin offering), IEO (initial exchange offering) or STO (security token offering).

English press release