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Isiklar Coin

Where Deep Traditions Meet Innovation

Turgut Isik, the founder of ISIKLAR HOLDING A.S. was born in Bartın in 1932. After finishing his studies, he was employed in the companies of his father and grandfather for a time. In 1952 he established the Isıklar Collective Company with his father Ali Rıza Isık. Turgut Isık who took over the reins in 1959, as his father passed away, established Isıklar Limited Company with Sezai Turkes and Fevzi Akkaya. Fast forward 50 years to today and ISIKLAR HOLDING decided to take a daring leap into the most innovative and disruptive industry today – blockchain. One of ISIKLAR HOLDING’s companies, based in Bulgaria, Isiklar Coin Bulgaria LTD created Isiklar Coin (ISIKC), an affiliate-based utility token. While there are many ICOs today and many new projects are rising and falling constantly, there are few that are backed with such tradition and experience as this project. With a big name backing it, ISIKC is ready to enter the world of blockchain technology and prove its worth.

3.8
1 0 expert ratings
Benchy 3.8
KYC
Experts
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Review: coming soon PRO
Unknown
Token
ISIKC
Type
Price
1 ISIKC = 0.2 USD
MVP/Prototype
Platform
Accepting
ETH
Country
Whitelist/KYC
KYC & Whitelist
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About Isiklar Coin

Before the blockchain era, commerce required building trust between the transacting parties, which in practice meant proving that each party was capable of fulfilling their obligations in accordance with the terms agreed beforehand. Failing to stick to one’s promises would wreak havoc in the markets.

Consequently, there was a need for a third party, a financial intermediary, that would take the risks of the counterparty default unto itself. Whether due to practical reasons following from market necessity or because of imposed regulations by government agencies, middlemen became an integral part of the market landscape to ensure every party kept up their end of the bargain.

The blockchain technology removes the need for a middleman as the validity of a transaction is confirmed by the network of independent nodes. A decentralized, distributed one-way ledger existing in thousands of copies across the world removes the overhead introduced by third parties, with a bonus of greatly diminishing the time it takes to confirm a transaction.
 

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