Smart investors look at a number of factors when evaluating a company: the balance sheet, the business model, the cash flow… but you’ve got absolutely nothing unless there’s a knowledgeable, experienced management team in place. After all, a company’s vision and direction depend wholly upon its leadership’s ability to move the organization forward in a changing marketplace.
Let me be frank with you: in the area of cryptocurrency and the blockchain, strong leadership is a rare commodity. A company in this space with world-class management and board members is destined to lead the pack because they’ll have a clear and present advantage over contenders lacking the confidence and know-how to navigate the ever-changing crypto space.
In this regard, the frontrunner is ICOx Innovations Inc. (TSX.V: ICOX, OTCQB: ICOX), a California-based company that provides blockchain economies for established companies and organizations to benefit and grow their businesses through digital asset technologies and branded currencies.
Granted, ICOx has a terrific business model: they partner with successful companies and build their crypto/blockchain ecosystems from the ground up, taking around 20% of the equity from each ecosystem. In addition, they take a development fee for the buildout of up to $2 million, along with support fees of up to $35,000/month plus a business service fee of up to $500,000. With the announcement of ICOx’s latest project, Cathio, we have now seen them get transaction based fees on top of that – a tremendous development that will allow them to essentially earn royalties on an ongoing basis.
But even beyond the strong business model and cash flow, what really sets ICOx apart is their leadership. At the helm is serial entrepreneur Cameron Chell, the Founder and Chairman of ICOx with over 25 years of experience in the technology, energy, and finance sectors. Mr. Chell is the founder and co-founder of several successful ventures, including Business Instincts Group, Draganfly Innovations, Raptor Rig, ColdBore, and UrtheCast – the people who put live-streaming HD cameras on the International Space Station.
ICOx Founder and Chairman Cameron Chell. Courtesy: Startup Mindset
Standing right by Cameron Chell’s side are ICOx President Bruce Elliott, a 25-year e-commerce veteran who has held senior leadership roles in numerous privately-held and listed companies across multiple industries, as well as COO Michael Blum, who has held prominent positions at leading companies in the areas of online financial media, sports and entertainment, and hotel and casino management/investment and at PayPal.
Cameron Chell and his team have established a Board of Directors for ICOx that’s absolutely second to none. One notable Board Member is The Honorable Edmund C. Moy, who served as Director of the United States Mint from 2006 to 2011, the world’s largest manufacturer of coins and metals. Mr. Moy also served as a Special Assistant to the President for Presidential Personnel at the White House from 2001 to 2006.
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Another Member of the ICOx Board is The Honorable Alphonso Jackson, a former U.S. Cabinet Secretary and Vice-Chair of JPMorgan Chase. With decades of experience in multiple finance-related sectors, Mr. Jackson is helping ICOx expand the company’s growth in new and existing markets.
Along with these outstanding industry experts, ICOx also benefits from their association with Cathio, a new platform built on the blockchain and backed by a team of well-established leaders with deep roots in the Catholic Church. ICOx has an equity stake in Cathio and has been contracted to develop and implement their blockchain-based payment platform in return for up to $2 million and eligibility for ongoing transaction and licensing fees once the platform goes live.
Cathio’s Board of Directors and Advisors include former Senator Rick Santorum, who was also a Republican presidential candidate; Ambassador Jim Nicholson, a former United States Ambassador to the Vatican; Ryan Thomas, the former Director of News Operations for EWTN, the Global Catholic Television Network; Matt Schlapp, Chairman of the American Conservative Union; and Berkadia Commercial Mortgage Managing Director Nick Nicholson.
That’s not just star power – it’s an astonishing meeting of the minds that’s unmatched by other blockchain/cryptocurrency companies. With Cameron Chell’s handpicked management team and a stellar Board of Directors, ICOx is bringing only the best onto its Team – and building a company with the potential to be a leader in the tokenized economy.
Chief Editor, CrushTheStreet.com
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Disclaimer ICOx Innovations Inc. (the “Company”) for Forward-Looking Statements
This article contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the author believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this article include statements regarding: factors that will contribute to a company’s success; the Company’s position as a leader in the blockchain and digital currency industry; the Company’s future revenue streams; the impact of the Company’s and Cathio’s respective boards of directors on their success; and the benefits the Company will receive through its relationship with Cathio. The forward-looking statements reflect the author’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the author believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include: changes in growth and size of cryptocurrency and blockchain technology market; attitude of corporations toward cryptocurrency and blockchain; business and consumer acceptance and adoption of cryptocurrency as a viable means of payment; the extent to which blockchain technology will be internationally implemented; potential changes for retail transactions involving cryptocurrency; the continued growth and success of the Cathio token; the continued preference of millennials to use app-based payment methods; changes in market conditions and other factors beyond the control of the Company.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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