Where can I trade (sell or buy) ICONOMI Securities (ICNGS)? Through the Over-The-Counter (OTC) procedure. (UPDATE: not available until further notice)

(UPDATE: not available until further notice)

Introduction

ICONOMI AG is not yet a listed company, so its Securities (ICNGS) are not traded on exchanges. But that does not limit the possibility of selling and buying ICONOMI Securities (ICNGS) – any owner can sell the Securities to any willing buyer (and vice versa) for the agreed price between the seller and buyer. These trades can be done over-the-counter (OTC).

Note: For investors related topics please go to investors page or login to your ICONOMI account and select the "For Investors" tab (note: "For Investors" tab is visible only to ICONOMI Securities (ICNGS) holders).

Where can I trade (sell or buy) ICONOMI Securities (ICNGS)?

You have two options:

A. OTC Bulletin Board on the ICONOMI platform (UPDATE: not available until further notice)

B. OTC Forum on Discord (UPDATE: not available until further notice)

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(UPDATE: not available until further notice)

add A. 

OTC Bulletin Board on the ICONOMI platform

Note: Only users that hold ICNGS may participate in the ICNGS Bulletin Board.

OTC Bulletin Board is available on the ICONOMI platform where ICONOMI Securities (ICNGS) holders may publish their sell and buy offers.

OTC: Login > For Investors > OTC > Follow the on-screen instructions

• Before proceeding to the OTC, here is some information you should know:

- Only users that hold ICNGS may participate in the ICNGS Bulletin Board
- Users without ICNGS, may not participate in the ICNGS bulletin board
- All deals and prices are set in ETH/Price per unit
- All deals made on the OTC Bulletin Board amongst individuals are noted in the Security Register and are Irreversible

• Additional information:

ICONOMI OTC Bulletin Board is a software platform with conditional access which enables Users to browse Offers made by other Users and post Offers to the platform. Users are able to browse all Offers listed by Users to the Bulletin Board and convey their potential interest in an individual Offer via the Bulletin Board interface. Users have to manually create and/or browse Offers posted to the Bulletin Board and manually contact other Users. Should two Users agree on an Offer, they are able to authorize ICONOMI AG to note a change of ownership in the ICNGS Register via the Bulletin Board user interface.

• All Offers made using the Bulletin Board are bound by the following rules:

- Price is denominated in ETH, per unit of ICNGS,
- Users can agree on a complete or partial Offer,
- When an Offer is made by the User, the corresponding amount of ICNGS or ETH is reserved until the Offer is fulfilled or canceled by the User. Should an Offer be partially met, the remaining amount of ICNGS or ETH remains reserved,
- Offers are limited by the total amount of ETH available to the User before publishing an Offer,
- User may cancel the published Offer at any time,
- If an Offer is agreed upon and settled by two Users, ICONOMI AG is authorised to note the change of ownership in the ICNGS Register,
- Bulletin Board Offer processing by ICONOMI is free of all charges and/or fees.

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(UPDATE: not available until further notice)

add B. 

OTC Forum on Discord

Note: Only users registered on the ICONOMI platform and verified as Tier 2 users can get access to the "OTC Forum" on Discord. In the case where the potential buyer is not already registered on the ICONOMI platform, they have to register and verify to Tier 2 before starting the OTC process. ICONOMI AG reserves the right to request some additional information and/or documents from the new holders of ICONOMI securities (e.g. tax ID number, FATCA and CRS statements, source of funds/wealth). 

If you cannot be verified as a Tier 2 user on the ICONOMI Platform (List of Tier 2 countries), please contact us via [e-mail] (please write in Subject: “non Tier 2 country - OTC - ICONOMI Securities”).

Any owner can sell the ICONOMI Securities (ICNGS) to any willing buyer (and vice versa). These trades can be done over-the-counter (OTC), but the legal transfer must be acknowledged by ICONOMI (a registration/KYC-Tier 2 verification on the ICONOMI platform is needed) and registered in the Securityholders Register of ICONOMI AG.

In order to facilitate transactions with Securities, ICONOMI AG has established a system and procedure for Over-the-Counter (OTC) trading with Profit Participation Securities of ICONOMI AG. We have created a forum "ICONOMI Securities - OTC Forum" on Discord, where sellers and buyers of Securities can e-meet and agree to a deal with ICONOMI Securities.

The Procedure and Rules for OTC Transactions with ICONOMI Securities (ICNGS) using the forum "ICONOMI Securities - OTC Forum" on Discord are as follows:

After completing Step 1, you will be guided through the next steps also through email conversation replies and instructions from ICONOMI.

Step 1:

In the case you want to buy/sell ICONOMI Securities (ICNGS), please send the following request/email to [e-mail]:

Note: On the basis of your request, we will send you an invitation link and code to access the "#otc_forum" channel on Discord server/group "ICONOMI Securities - OTC Forum". The Channel is created with the sole purpose of meeting potential buyers and sellers of the Securities. Before accessing the "ICONOMI Securities - OTC Forum", you have to register on Discord.

> Buyer's email

(Subject)
Access the ICONOMI Securities OTC Forum - Buyer

(Content)
I want to buy Securities of ICONOMI AG. Please send me an invitation link and code to access the ICONOMI Securities - OTC Forum on Discord.

Information related to my ICONOMI account:

• my name and surname as registered on the ICONOMI platform:
• email associated with my ICONOMI account:

> Seller's email

(Subject)
Access the ICONOMI Securities OTC Forum - Seller

(Content)
I want to sell Securities of ICONOMI AG. Please send me an invitation link and code to access the ICONOMI Securities - OTC Forum on Discord.

Information related to my ICONOMI account:

• my name and surname as registered on the ICONOMI platform:
• email associated with my ICONOMI account:

Step 2:

2.1. ICONOMI will send you via email:
- an invitation link to access the "ICONOMI Securities - OTC Forum" server/group on Discord
and
- a code to access the "#otc_forum" channel.

IMPORTANT: The invitation link will expire in 24 hours.

2.2. You have to register on Discord (if not already) and use the invitation link to join the "ICONOMI Securities - OTC Forum" server/group.

2.3. On Discord, find the user "ICONOMI_OTC_GS" (this user is server/group administrator) and send/post your invitation code to "ICONOMI_OTC_GS" via a direct-private message. Based on that we will grant you access to the dedicated "#otc_forum" channel for meeting potential buyers and sellers of ICONOMI Securities.

Step 3:

A) Post your sell/buy order in "#otc_forum" channel (ICONOMI Securities - OTC Forum on Discord) with the following elements:

• The amount of ICONOMI Securities you want to sell/buy:
  
• The selling/purchase price per one (1) ICONOMI Security (nominated only in BTC or ETH):

OR

B) Contact the potential buyer/seller who already posted his/her buy/sell order in the ICONOMI Securities - OTC Forum via direct-private messaging on Discord.

Step 4: 

Make an agreement with the buyer/seller for purchase/sale of ICONOMI Securities via direct-private messaging on Discord. 

The Buyer/seller has to agree with at least the following elements of the transaction:

1. The number of ICONOMI Securities which are the subject of the transaction:
   
2. The purchase price of one (1) ICONOMI Security:
   
3. The cryptocurrency (only BTC or ETH) in which the purchase price is nominated:
   
4. The buyer’s blockchain wallet address, from which the purchase price will be sent:
   
5. The seller’s blockchain wallet address to which the purchase price will be received:
   
6. The buyer’s name and surname as registered on the ICONOMI platform:
   
7. The seller’s name and surname as registered on the ICONOMI platform:

Step 5:

After the agreement about the Securities transaction is reached between the buyer and seller via direct-private messaging on Discord, the buyer and the seller have to separately send the following email to [e-mail]:

Please note: The requested information and documents from this step shall be sent to [e-mail] from the same email address under which the buyer/seller is registered on the ICONOMI platform. Otherwise, ICONOMI AG reserves the right to make additional verification checks of the buyer/seller or to reject the execution of the Securities transfer.

> Buyer's email

(Subject)
GS OTC - ICONOMI Securities - BUYER (buyer's (your) name: xxxx, seller's name: xxxx)

(Content)
I want to buy Securities of ICONOMI AG. Based on the agreement with the seller via direct-private messaging on Discord, I'm sending the required information and documents:

• my name and surname as registered on the ICONOMI platform:
• the email address associated with my ICONOMI account:
• * my TIN number (Taxpayer Identification Number)/Personal Tax Number:
• all agreed elements of the transaction (all elements from Step 4 agreement):

           1. ...
            ...
           7.  ...

AND

• Attach a photo of yourself holding a valid ID document (international passport or national ID card) and a piece of paper with the following handwritten information:
              - the words "BUY - OTC ICONOMI Securities - ID Verification"
              - current date in DD.MM.YYYY format
              - buyer ”Name and Surname”

Please make sure everything in the photo is clearly visible. Also, please note that our support system has a 5MB file size limit for attachments.

* Taxpayer Identification Numbers (TINs) are country-specific. Please check locally to find your TIN. You can use Google to find additional information. Use a search term like “personal tax number [name of your country].”

> Seller's email 

(Subject)
GS OTC - ICONOMI Securities - SELLER (seller's (your) name: xxxx, buyer's name: xxxx)

(Content)
I want to sell Securities of ICONOMI AG. Based on the agreement with the buyer via direct-private messaging on Discord, I'm sending the required information and documents:

• my name and surname as registered on the ICONOMI platform:
• the email address associated with my ICONOMI account:
• * my TIN number (Taxpayer Identification Number)/Personal Tax Number:
• all agreed elements of the transaction (all elements from Step 4 agreement):

           1. ...
            ...
           7.  ...

AND

• Attach a photo of yourself holding a valid ID document (international passport or national ID card) and a piece of paper with the following handwritten information:
              - the words "SELL - OTC ICONOMI Securities - ID Verification"
              - current date in DD.MM.YYYY format
              - seller ”Name and Surname”

Please make sure everything in the photo is clearly visible. Also, please note that our support system has a 5MB file size limit for attachments.

* Taxpayer Identification Numbers (TINs) are country-specific. Please check locally to find your TIN. You can use Google to find additional information. Use a search term like “personal tax number [name of your country].”

Step 6:

In the case where all the elements of the transaction received from the buyer and seller match, ICONOMI AG will prepare and send an Order for transferring ICONOMI Securities to the buyer and seller by email.

We kindly ask you to check the received order, sign it, and reply – send it back in scanned form by replying to the email.

Please make sure your submitted documents are clearly visible in full, high quality. Also, please note that we have a 5MB file size limit for attachments in our support system.

Step 7:

When both Orders for transferring Securities are received (i.e. the seller order and the buyer order), ICONOMI AG will match both orders together, if orders match in all the elements.

1. ICONOMI:

Will contact the buyer via email and inform him/her to proceed with the payment – ICONOMI will inform the buyer to send agreed purchase price (BTC or ETH) to the seller’s blockchain wallet address.

2. Buyer:

After executing the payment, the buyer replies by email – informs ICONOMI about the completed blockchain transaction and sends to ICONOMI the BTC or ETH blockchain transaction ID – TxID/TxHash/Hash.

3. ICONOMI:

In order to prevent fraud, ICONOMI AG will check if the transfer (check based on the provided ETH or BTC transaction ID on the Blockchain – TxID/TxHash/Hash) of the purchase price was successfully completed (double-check if transaction happened between the correct buyer’s and seller’s blockchain wallet addresses)  before making the transfer in the Securityholders Register of ICONOMI AG.

Step 8:

In the case where all conditions for the Securities transfer are met:

- ICONOMI AG will execute a transfer of ICONOMI Securities subject to the transaction from the seller to the buyer.

- The transfer of ICONOMI Securities will be made no later than 10 (ten) working days after the conditions for the transaction are met. 

- ICONOMI AG will inform the buyer and the seller about the executed Securities transfer via email.

- The Buyer will receive ICONOMI Securities on his/her ICONOMI account. The new balance will be seen under the "Account" page under the section "Securities" – "Iconomi AG Securities – Balance of Securities in the Securityholders Register of ICONOMI AG."

Statement:

By submitting the Order for transferring Securities, the buyer/seller:

• confirms that he/she previously agreed with the seller/buyer for the sale-purchase of Securities and confirms that they (i.e. a buyer and a seller) have concluded a sale-purchase agreement for the Securities;
• confirms that he/she is fully aware and agrees that the settlement of the purchase price for Securities shall be arranged directly between the buyer and the seller (in BTC or ETH) and that ICONOMI AG has no obligations and/or duties in relation to the settlement and/or transfer of purchase price;
• confirms that he/she is fully aware and agrees that the transfer of Securities between the buyer and the seller is performed based on the bilateral order for such a transfer. A bilateral order for transfer is created when ICONOMI AG matches the delivery (i.e. Sell Order) and receipt parts (i.e. Buy Order) of an order for transferring Securities, which are complementary. The delivery and the receipt part of an order are complementary when they are aligned in all the component elements;
• confirms that he/she is fully aware and agrees that ICONOMI AG will make the transfer of Securities in the Securityholders Register of ICONOMI AG from the seller (i.e. current owner) to the buyer (i.e. new owner) solely on the basis of a matching buyer’s Buy Order and a seller’s Sell Order.   

Please note:

Due to the fact that ICONOMI AG nor any other ICONOMI entity is a regulated securities exchange, we have created a channel on Discord (the "#otc_forum" channel on Discord server/group "ICONOMI Securities - OTC Forum"), where sellers and buyers of Securities can e-meet and agree to a deal with ICONOMI Securities. The only role of ICONOMI AG is to transfer Securities from seller to buyer in the Securityholder Register of ICONOMI AG when all elements and conditions for the successful transaction are agreed and met. All other aspects of the deal must be under the sole control of buyer and seller (e.g. finding the opposite offer/order, reaching an agreement about the transaction, the flow of purchase price from buyer to seller).