Intercoin

What Intercoin does

Intercoin, Inc. is a development-stage blockchain company incorporated in Delaware in November 2017 and headquartered in Brooklyn, NY (with a mail-receiving address in Wilmington, DE). Founded by Gregory Magarshak (CEO) and Jason Page, the company is building a decentralized platform that enables any community — cities, universities, cruise lines, nonprofits, or companies — to issue and manage its own digital currency ("Community Coins") without deep technical expertise. The platform runs across multiple blockchains (Ethereum, Binance Smart Chain, Polygon, Base, Optimism, Arbitrum) and uses a novel "Proof of Corruption" consensus mechanism with a sharded architecture that the company claims delivers practically unlimited transactions per second versus Bitcoin's 7 TPS and Ethereum's 15 TPS.

The technology stack comprises the ITR Token (an investment token that will convert to Intercoins at platform launch), the Intercoin Platform (a bridge layer for cross-community payments), the Community Kit (white-label deployment software), the Intercoin App (launched March 2024), and a suite of open-sourced smart contracts for NFTs, voting, escrow, staking, and cross-chain trading. To date the company has raised approximately $755,000 — $555,000 from early ITR Token investors at $0.01/token (2017–2018), $200,000 via promissory notes that have since converted or been repaid, and $50,000 in April 2022 — and is currently conducting a new ITR Token offering under Regulation D 506(c) with maximum gross proceeds of $10 million.

The company's go-to-market combines a community-led motion (55,000 community leaders engaged across 95 countries via Telegram, YouTube, and community.intercoin.app) with a sales-led accredited-investor motion (minimum $10,000 purchase under Rule 144 lockup). Current revenue streams are limited to the token offering itself; future revenue is planned from cross-community platform transaction fees and Community Kit/white-label licensing. Intercoin is pre-revenue, employs approximately five full-time staff (with plans to scale to 15), and operates with disclosed annual operating costs of approximately $2 million. The offering PPM contains a clause requiring dissolution if the platform does not launch by July 31, 2027.

Name

Intercoin

Legal name

Intercoin, Inc.

Website

https://intercoin.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Intercoin is a Brooklyn-based blockchain company whose platform enables communities — cities, universities, cruise lines, nonprofits, and companies — to issue and manage their own digital currencies via a sharded multi-chain protocol. Its ITR Token is offered to accredited investors under Regulation D 506(c).

Ownership category

akta.pro rank

Product category

Blockchain Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Cross-Chain Bridges & Interoperability Protocols (FSADAMAG), Interoperability for Payments (Cross-Chain/Layer-2 Payment Rails) (FSADAIAO), Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ), Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps) (FSAPAKAC)

Keywords

• Community currencies
• Decentralized payments
• Blockchain infrastructure
• Local fintech
• Community development tokens

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. ITR Token Offering Proceeds: Current primary offering of up to 50,000,000 ITR Tokens at tiered prices ranging from $0.05 to $1.00 per token, with maximum gross proceeds of $10,000,000. Tokens are sold to accredited investors via Regulation D 506(c).
2. Future Token Offerings: Company plans to conduct subsequent token offerings at higher prices before platform launch, as well as initial offering of Intercoins in conjunction with platform launch.
3. Platform Transaction Fees: Fees from cross-community payments and Cash In/Cash Out transactions between communities. Each transaction may be subject to rules and fees published by the community.
4. Community Kit and White-Label Licensing: Revenue from providing Community Kit software to communities for issuing their own Community Coins and integrating into local mobile applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Intercoin provides a blockchain-based decentralized platform that enables any community (city, university, cruise line, nonprofit, or company) to issue, customize, and manage its own digital currency (Community Coin). The Intercoin Platform acts as a bridge among community currency networks, allowing cross-community payments through Intercoin as a bridge currency, with a sharded architecture designed for regulatory compliance and practically unlimited throughput.

Product overview

Intercoin offers a multi-layered cryptocurrency and blockchain platform ecosystem centered around community currencies. The core offerings include the ITR Token (the primary investment token), the Intercoin Platform (decentralized payment infrastructure), and Community Coins (customizable digital currencies for communities). Additional products include the Intercoin App (mobile access), Community Platforms (side-chain infrastructure for individual communities), Community Kit (deployment tools), and various smart contracts for NFTs, voting, escrow, staking, and cross-chain functionality. The ecosystem enables communities to issue their own private-label currencies, implement local financial applications like Community Basic Income™, and facilitate cross-community payments through the bridge currency mechanism.

Differentiator

Problem solved

Functional benefit

Brands

• Community Coins: Digital community currencies that communities can customize, issue and manage, backed by Intercoin reserves.
• ITR Token
• Community Basic Income™
• Local FinTech (LoFi)

Products and services

• Intercoin Platform Decentralized payment platform that serves as a bridge among decentralized payment networks of various communities, enabling cross-community payments and acting as the infrastructure layer for the Intercoin ecosystem.
• ITR Token Digital token representing investor rights and future entitlement to Intercoins upon platform launch. Issued on Ethereum Mainnet and Binance Smart Chain; sold to accredited investors under Regulation D 506(c) and listed on exchanges (ExMarkets, Uniswap).
• Community Coins Customizable digital currencies that communities can issue and manage on distributed ledgers, backed by Intercoin reserves, with Cash In/Cash Out rules set per community.
• Community Platforms Side-chain platforms developed and managed by individual communities for issuing Community Coins, tracking financial metrics, and managing local commerce within their communities.
• Community Kit Software kit provided to communities enabling them to issue Community Coins and integrate them into local community mobile applications.
• Intercoin App Mobile application launched in March 2024 that provides access to the Intercoin platform, community features, and token management.

Quantifiable outcome

• Practically unlimited transactions per second vs Bitcoin (7) and Ethereum (15)
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

One partnership is on record.

• Qbix, Inc.coreTechnology or IntegrationThe Qbix Platform developed by Qbix, Inc. (co-founded by Gregory Magarshak) serves as the technical basis for many features of the Intercoin Platform including social apps, payment buttons, subscriptions, decentralized identity, and real-time communication.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Holo: Holo is a peer-to-peer distributed application platform that enables community-run hosting and decentralized applications. It shares Intercoin's vision of decentralized infrastructure for community-level use cases and uses a similar hybrid architecture with distributed consensus.
• GoodDollar: GoodDollar is a protocol that distributes a basic income token to users worldwide through community-driven digital currency mechanisms. It is directly comparable to Intercoin's Community Basic Income application and shares the thesis of community-scale digital currencies for economic empowerment.
• Reserve: Reserve operates a community-stablecoin and decentralized digital currency platform targeting inflation-prone and underserved economies. It is comparable to Intercoin in its community-issuance model and regulatory-friendly design philosophy, though focused more on emerging markets.
• Circles: Circles is a decentralized basic income and community currency protocol where individuals can issue their own personal currency and trust others in a social graph. It is highly comparable to Intercoin's Community Coins model and voluntary basic income feature, with a similar grassroots economic design.
• Trustline: Trustline is a decentralized network enabling communities to issue their own mutual credit currencies (trustlines) without a central bank. It is directly comparable to Intercoin's Community Coins concept and local-currency philosophy, with similar grassroots distribution and a strong focus on financial inclusion.

Broad incumbents

• Celo: Celo is a mobile-first Layer-1 blockchain optimized for stablecoins and global payments, with a focus on financial inclusion for underbanked communities. It is comparable to Intercoin as a settlement platform for community-issued and stable digital currencies, though at substantially greater scale and institutional backing.
• Polygon: Polygon is a Layer-2 scaling network and sidechain ecosystem on which Intercoin already deploys. It is comparable as the underlying infrastructure for community-scale applications, though Polygon serves many use cases well beyond community currencies.
• Optimism: Optimism is an Ethereum Layer-2 optimistic rollup on which Intercoin also deploys. Like Polygon, it provides the scalable execution environment for community currency transactions, with broader applicability beyond Intercoin's specific use cases.

Emerging players

• Aragon: Aragon provides DAO infrastructure and on-chain governance tooling for decentralized communities to manage treasuries and decisions. It overlaps with Intercoin's voting/governance smart contracts and community platform ambitions, though its focus is broader DAO tooling rather than currency issuance.
• Kleros: Kleros is a decentralized arbitration and community governance protocol that uses token-curated registries and juror pools. It is comparable to Intercoin in enabling community-driven decision-making and dispute resolution, though without the currency issuance layer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/Intercoin
• YouTubeyoutube.com/c/intercoin
• LinkedInlinkedin.com/company/intercoin
• Xx.com/IntercoinOrg
• Facebookfacebook.com/IntercoinOrg

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercoin