Notes from my ICONOMI research
ICONOMI, an open fund management platform
According to the white-paper (1), their business model strives to capitalize on the under utilized area of fund management. ICONOMI's proposal is to develop a new Open Fund Management platform with scaling levels of customization.
ICONOMI aspires to provide transparency; with automated actions managed by a "team of experts". Automation would be based on "predetermined rules" and in accordance with EU KYC/AML regulation. Per reference (2), ICONOMI is "monitoring global regulatory developments and researching numerous jurisdictions" in preparation for a possible intervention of currency regulation. While no specific institutes were specified, reference (2) does specify EU and USA legislation in their preparation.
ICONOMI has also introduced the concept of "Digital Assets Arrays" to cryptocurrency investing. Though their platform "ICNX", tokens that meet ICONOMI's "eligibility criteria" can be managed as arrays and shared. According to reference (3), these arrays allow a manager to distribute investments into categories. I have seen no reference as to the "customization-level" of these categories. The arrays are introduced in reference (3); which encapsulates a few management groupings emphasizing the speed of "array adjustments", describing them as "enabling constant reaction" and the asset array sharing capability as allotting a portion of the user's proceeds to the array manager.
ICNX, the interface to a distributed economy; is an index structure based on "nominal values", with monthly rebalancing. Reference (4) for details on rebalancing. During my read through ICONOMI's white-paper, I made note of "Service Operator" Cashila. As listed in reference (1), "Cashila will serve as the first service operator of the ICONOMI platform". I'll provide a link (5) to their site, since their retail service was officially closed 1 June 2017. I have no information regarding their "Service Operator" role with ICONOMI.
(1) https://coss.io/documents/white-papers/iconomi.pdf
(2) https://medium.com/iconominet/consolidated-legal-questions-e178a5400a6e
(3) https://www.iconomi.net/arrays
(4) https://medium.com/iconominet/iconomi-icnx-daa-rules-update-5a59dd2761c
(5) https://www.cashila.com/
Nice post, gotta keep these guys accountable!
Cashilla was purchased by cofound.it after their ico and is no longer a public service if i understand correctly and theses 3 all work closely together.
Great post!
Perhaps they'll coalesce but the only information I've found for Cashila, since their site was updated to reflect the closure was: https://en.bitcoin.it/wiki/Cashila. Their page was modified on 10 June 2017; presumably to add the last point about them no longer offering services for retail customers.