How Icodax Works
Your complete guide to collaborative project execution and profit sharing
Introduction to Icodax
Icodax is a collaborative platform designed to bring people together to achieve common financial and project goals. The idea behind Icodax is simple but powerful — instead of individuals trying to build or fund projects alone, the community pools both skills and financial resources to bring great ideas to life.
When a project succeeds, the profits are shared fairly among everyone who contributed, whether they invested money or provided professional skills. This creates an open environment where anyone — regardless of location or financial status — can participate, earn, and grow with others.
Community-Driven Collaboration
The Icodax model is based on community-driven collaboration. Projects are suggested, reviewed, and voted for by members. Only after approval by the community do projects move to the implementation stage. This democratic system ensures that every project launched on Icodax reflects the collective decision of the people, not just a single owner.
Crypto-Based Projects
Most projects on Icodax are crypto-based, since blockchain allows for transparent global participation. However, users can also suggest non-crypto projects, provided they can be implemented globally and meet community standards.
USDC POL Operations
Icodax operates on USDC POL, a stable and blockchain-based token that ensures all financial activities on the platform are transparent and secure. Every member has a unique USDC address linked to their dashboard.
The Essence of Icodax
In essence, Icodax is not just a funding community — it is a global cooperative economy built on trust, transparency, and technology. Members work together to build, earn, and grow through a structured system that rewards effort, contribution, and verified participation.
How Resource Pooling Works
At its core, Icodax operates as a joint resource pooling platform — meaning that members come together to contribute their skills or finances (or both) toward a single project goal. When that project is successfully executed, the profit is distributed among all contributors based on what they contributed.
This system ensures fairness and inclusion. Instead of a few people having the chance to invest in opportunities, Icodax opens the door for thousands of individuals across the world to take part in meaningful, profitable projects.
Example: How a Project Works
Let's imagine that a new crypto project is proposed on Icodax — for example, a new token launch. The community decides that the project will require about 3,500 members and around $100,000 in funding to execute.
Now, there are two main types of contributors:
1. Skill Contributors (Workforce)
- Members who have approved skills in their Icodax profile can apply to contribute their expertise to the project.
- Once the project lead approves their application, the estimated value of their skill is recorded.
- This value counts as their "contributed amount" — just like cash.
- This ensures that people with valuable professional abilities (like marketing, design, coding, or community management) can participate even without contributing money.
2. Financial Contributors (Investors)
- Members who do not have the required skill or prefer to invest money can pledge a financial amount to the project.
- If the project lead approves their pledge, they can then add funds to their balance and complete the contribution.
- Funds are contributed strictly in USDC POL for transparency and blockchain verification.
Each member has a unique wallet address displayed on their Icodax dashboard. They can use this address to load their balance, send funds to other members, or withdraw their earnings to an external USDC wallet at any time.
Safety and Escrow
To protect all participants, funds contributed to projects are held in escrow by the platform developers (known as the founding admins). This ensures that funds are not lost or misused before the project officially begins or reaches the required funding goal.
If, for example, a project is designed to raise $100,000 but only reaches $50,000, all funds are automatically returned to the contributors. This refund system builds trust and eliminates the fear of losing money on incomplete or failed projects.
Guaranteed Transparency and Voting
Every important project decision — especially those related to funding, project approval, or new proposals — is made through community voting on the blockchain.
This ensures complete transparency. Every vote is publicly recorded and cannot be altered or influenced unfairly. Members can confidently participate knowing that their vote truly counts in shaping the direction of Icodax projects.
Return on Investment (ROI) Period
Projects on Icodax are designed with short-term, achievable goals. The maximum ROI period is 3 months from the start of the project.
This means that anyone suggesting a new project must have a clear plan showing how contributors or investors will earn a reasonable profit within two months. This structure keeps projects fast, efficient, and profitable for everyone.
Combining Skills and Finance
Members can also choose to contribute both their skills and funds to a single project. Doing this increases their stake and their profit share when the project succeeds. By encouraging active participation — not just investment — Icodax builds a system where everyone's effort is valuable and rewarded.
Skills and Finance Contribution
One of the most unique features of Icodax is that it allows members to participate in projects either by offering professional skills or by contributing funds. This dual-entry system ensures that anyone can be part of a project — whether they have technical abilities, creative talent, or financial capacity.
A. Skill Contributions
Members who want to participate using their skills can do so through the "My Skills" section in their dashboard. The skill contribution process follows a clear and transparent verification system:
1. Skill Application
Every user can apply for professional skills such as graphic design, web development, project management, marketing, research, video editing, or any other skill that could benefit community projects.
2. Manual Review and Verification
All skill applications are manually reviewed by the Icodax Moderators (MODs).
- Skills must be genuine and proven.
- Applicants must provide a portfolio or verifiable proof of their work.
- Icodax only accepts Pro-level skills — not beginner or intermediate.
- This ensures that projects are built with high-quality talent and deliver excellent results.
3. Approval and Limits
- Each user can have up to 10 approved skills in total.
- At any given time, they can have a maximum of 5 pending skill applications.
- If a skill application is rejected, repeatedly reapplying for the same skill may lead to a permanent ban from skill applications, so users are encouraged to apply carefully.
Once a skill is approved, the user becomes eligible to use that skill in projects that require it. When a user's skill is accepted for a project, the monetary value of that skill is recorded, just as if they had contributed the same amount in cash.
B. Financial Contributions
For users who do not have verified skills or simply wish to contribute capital, Icodax offers a structured investment process through pledging.
1. Pledging an Amount
When a project is announced, users can pledge an amount they wish to contribute. However, to ensure serious participation, users must have at least 20% of the pledged amount already in their USDC balance on Icodax.
- This requirement prevents fake or spam pledges.
- The pledged amount is not charged yet — it only shows your intent to fund the project.
2. Project Lead Approval
Each project has a project lead who reviews all pledges and decides whether to approve or reject them. Approval is based on the project's funding plan, user reputation, and available slots.
3. Funding the Pledge
Once a pledge is approved, users must load the full contribution amount into their Icodax wallet.
- The system automatically transfers the funds to an escrow wallet.
- These funds remain safely held until the project officially begins.
- If the user does not complete the funding after approval, the project lead may reject their pledge, and repeated non-commitment can lead to account suspension.
4. Escrow and Refund Protection
All funds are stored in escrow until the funding goal is reached.
- If a project does not meet its required target, all funds are refunded to contributors.
- This ensures that users never lose money on projects that fail to launch.
5. Profit and ROI
After the project is successfully implemented and begins to generate profit, contributors receive their share based on their total contribution (cash or skill value).
- The expected ROI period is a maximum of 3 months.
- Projects are designed to provide a decent and realistic return for all participants within this period.
C. Combining Skills and Funds
Many members choose to combine both skills and finance to strengthen their role in a project. Doing so not only increases their total contribution but also raises their potential share of profits when distributions begin. This combined approach reflects the true spirit of Icodax — a collaborative system where both knowledge and capital are equally valuable and rewarded.
D. Communication and Project Chat
Once a user's participation is approved — either through skills or funds — they gain access to a private project chat room where all contributors can discuss progress, ask questions, share ideas, and follow up with the team. This direct communication ensures transparency, teamwork, and shared accountability throughout the project's life cycle.
Points and Referral System
The Icodax Points System is the foundation of user growth, privileges, and reputation on the platform.
Every activity you perform — from joining projects, referring others, verifying your account, or contributing meaningfully — helps you earn points that increase your rank and unlock greater opportunities. Points are not just numbers; they reflect your commitment and trustworthiness within the Icodax community. The higher your points, the more influential you become in decision-making, project leadership, and profit-sharing priority.
A. How Users Earn Points
There are several ways members can earn points on Icodax. The system is structured to reward real engagement and verified actions rather than random activity.
| Action | Points Earned | Description |
|---|---|---|
| Joining a project (by skill or investment) | 500 points | You earn this when your participation in a project is approved. |
| Referring a new user | 10 points | You earn this instantly after a new user signs up through your referral link. |
| Referred user joins a project | 100 points | When someone you referred participates in any project, you earn more points. |
| Verifying your account | 500 points | Account verification gives you a major point boost and added privileges. |
| Referred user verifies their account | 100 points | Encourages you to invite quality members who take verification seriously. |
Project Review and Approval Process
Before any project goes live on iCodax, it must go through a transparent and community-driven review process. This process ensures only real, viable projects are presented to the community.
Initial Submission
Once a project owner pays the $10 submission fee, they can submit their project details for review. This includes:
- The project description and objectives
- Expected funding goal
- Timeline
- Team details (if applicable)
Verification Stage
All project owners must also have a verified iCodax account, which costs $100 per year. Verification builds trust and confirms that the project is legitimate before the community invests or supports it.
Community Review
After submission, projects are displayed in a Pending Review section where users (Newbie and above) can check them out, ask questions, and vote using the $POL voting system. Votes help determine the level of community interest and confidence in a project before final approval.
Admin and Moderator Evaluation
Moderators and the iCodax team do a final check for compliance, transparency, and security before approving a project to go live. Once approved, the project will appear in the Live Projects section for everyone to support.
Funding and Wallet System
iCodax Wallet
Every registered user has a personal iCodax wallet. This is where funds, earnings, and rewards are stored. You can deposit or withdraw using USDC POL, which is our preferred and standardized token for all transactions within iCodax.
USDC POL (Polygon Network)
All project funding, rewards, and staking activities run on USDC POL, a stable and reliable token on the Polygon network.
- Deposits can be made directly into your wallet via the Polygon network.
- Withdrawals are processed back to your linked Polygon wallet address.
This ensures speed, low fees, and transparency for all users.
Automatic Refund System
If a project fails to reach its funding goal within the specified time frame, all contributors are automatically refunded to their iCodax wallets. This makes the process completely safe and transparent — you either get the project you support or get your money back.
Reward System and User Levels
At iCodax, your participation truly matters. Every action you take—voting, sharing, completing tasks, or supporting projects—earns you points. These points help you climb through levels and unlock new benefits.
1. How Points Work
You earn points by doing simple activities across the platform, such as:
- Liking or commenting on posts
- Voting for projects using $POL
- Completing daily or weekly tasks
- Referring new users to iCodax
- Participating in discussions
- Funding verified projects
Each action adds to your total points, and the more points you collect, the higher your level and rewards.
Ranks on iCodax
iCodax uses a tiered ranking system to recognize members' activity, contribution, and engagement within the platform. Each rank comes with its own set of privileges, and as you progress, you gain access to more opportunities, voting power, and leadership roles.
1. Newbie
- Registration: Within the last 3 months
- Points: Below 500
- Activity: Fewer than 20 posts and fewer than 50 comments
2. Junior Member
- Registration: Within the last 6 months
- Points: Below 1,500
- Activity: Fewer than 100 posts and 250 comments
3. Pro
- Registration: Within the last year
- Points: Below 5,000
- Activity: Fewer than 250 posts and 1,000 comments
4. VIP
- Registration: Within the last 2 years
- Points: Below 10,000
- Activity: Fewer than 500 posts and 5,000 comments
5. Legend
- Registration: Within the last 3 years
- Points: 10,000 and above
- Activity: Over 500 posts and 10,000 comments
MODs (Moderators)
- Once you reach Legend rank and have a verified account, you can apply to become a MOD.
- MODs are responsible for maintaining the platform, voting on critical issues, and ensuring smooth operations.
- To ensure safe and qualified governance, you must have been a Legend member for at least 2 years before applying.
- In the long term, iCodax plans to be fully decentralized, with MODs collectively making strategic decisions and onboarding new qualified MODs to strengthen community governance.
Verification, Fees, and Safety Measures
iCodax is built on transparency, trust, and community confidence. To keep the ecosystem safe for everyone, all users and project owners must go through certain verification and compliance steps.
1. Account Verification
To unlock full platform features, every user must verify their account. Verification costs $100 per year, and it helps us ensure that only genuine individuals and real projects participate in the system. Verification is renewed yearly to maintain system integrity.
2. Project Submission Fee
Before a project can be reviewed, the project owner must pay a $10 submission fee. This small fee prevents spam and ensures that only serious creators submit real projects for review. After payment, the project goes through the review and approval process explained earlier.
3. Refund and Protection System
Your funds are always protected through our automatic refund system:
- If a project fails to reach its funding target, your USDC POL contribution is instantly refunded to your wallet.
- You can track every transaction transparently on the blockchain.
No middlemen, no delays — your wallet balance updates in real time.
4. Secure Wallet & Transaction Transparency
All transactions are handled using USDC POL (Polygon Network). Why Polygon? Because it's:
- Fast and low-cost
- Decentralized and secure
- Easy to track using blockchain explorers
Each transaction (deposit, withdrawal, or refund) has a unique transaction hash, allowing users to confirm their funds at any time.
5. Platform Safety
Our system automatically monitors for suspicious activity such as:
- Fake accounts or duplicate verifications
- Abnormal voting behavior
- Rapid fund withdrawals by unverified users
Suspicious accounts are flagged for moderator review to keep the ecosystem clean and fair.