What is ICONOMI and why any investor should be a part of it?
Block Chain and Decentralization has been the next big thing ever since Bitcoin got the attention of the public when its price made massive moves from less than a dollar to 1200 US dollar, that too in less than 1 year. Many projects soon followed in the crypto space such as, Ripple, NXT, CounterParty, Ethereum, BitShares … and the list goes on.
It is not a secret that investing in crypto world is a very daunting task. Investors will to stay updated about various projects that are coming up as well as been running for a while. Above all, a wise investor would be looking out for various scam projects as well as “pump and dump” coins.
When it comes to the Crypto space, I have heard people complaining that there aren’t any financial service companies or project that helps them to identify good, legit and highly rewarding projects. Many of the successful investors had to spend countless hours to read and research about the numerous projects that came through in the past years. This is where ICONOMI comes into the spotlight!
ICONOMI is a platform which offers investors a golden opportunity to get into the Crypto world by index investing that are managed by experts. ICONOMI concentrates to channel funds from investors to the promising projects in the decentralized economy. It is a platform for people who are looking for opportunities to make the maximum profit from the opportunities that exist in the present world.
Many investors are well aware of the benefits of index investing. Investing in index has proven to offer certain advantages than individually investing in certain stocks. Index funds have low cost and also have consistency which is very important to long term wealth creation. When it comes to the crypto world, ICONOMI helps new as well as experienced investors to invest into the vast, ever growing and endless crypto world without wasting much time and efforts doing research on individual projects or coins. One can leave that heavy lifting to the experts in the ICONOMI team.
The ICONOMI issues tokens known as ICN to the users who have invested in the ICO. The entire project will be Ethereum based as it will help in the distribution of dividends to the token holders using the Smart Contract feature available in Ethereum. The ICN token holders are considered as the owners of ICONOMI, which means they can vote can issues regarding ICONOMI and are entitled to receive their weekly dividends. There will be 100 million ICONOMI tokens in distribution which will be released by the team after 10 days when the ICO is over.
The ICONOMI team is looking forward to have ICONOMI Open Fund Management platform (OFM) and other two types of new financial instruments: The ICONOMI Coin Traded Fund (CTF) and The ICONOMI Coin Managed Fund (CMF).
ICONOMI Open Fund Management platform (OFM):
I have to say that this would be the dream of the ICONOMI project! This is where experienced fund managers or seasoned traders are given an ability to create a unique fund based on their preference. This implies that the assets that makes its way into the fund are selected by the people who create and manage the fund. Investors can buy into the funds. OFM offers world class tools for the fund manager to make accurate decisions and also enables the sharing of management fees between fund managers and investors.
Coin Traded Fund (CTF)( ICONOMI.INDEX FUND):
CTF will be set up and managed by the experts in ICONOMI team. CTF will be run based of various fixed rules and would strive to be transparent. Investors stand to benefit from lower risks and lower price volatility by investing in this fund. CTF will be allowed to be traded across various exchanges. CTF should be having well established coins such as Bitcoin, Ethereum, Steem ,Lisk, etc. It will consist of 14 Crypto Currencies and ICNX (an INDEX FUND) has been launched at the Devcon2 in Shanghai, China. Everybody is welcome to review the ICONOMI. INDEX FUND.
Coin Managed Fund (CMF) (ICONOMI.PERFORMANCE FUND):
CMF will be managed by experienced experts who have been working in the field of Mathematics, Financial Analysis and Crypto Currency. CMF will offer bigger of opportunities to investors however it will also have bigger risks. CMF should be identifying new upcoming and promising projects in the Crypto space. Investors can join the CMF only by invitation. You can get the invitation by being a part of the ICONOMI ICO which has, at the time of writing this article; the ICO got a jaw dropping 8,775,063.62 USD from 3,078 investors!! The link to the ICO is:
Both the funds will have high levels of transparency and they will also be accessible to the investors at all times. A debit card will be issued to the investors. Investors investing 5 bitcoins or more will get free exclusive ICONOMI founder’s card. An investor can sell his ICN tokens using this VISA debit card in a POS terminal or in an exchange than supports ICN token trading.
Service Operator:
ICONOMI requires having a service operator in order to function as per the legal requirements, at least for the time being. Hence the team has chosen Cashila OOD s.r.o. (Cashila) to be its Service Operator. Cashila is considered as a well reputed financial institution which has been operating for a considerable amount of time in the Crypto and Investment world. They are based and operate in Czech Republic. Cashila will offer its ability to develop and manage the ICONOMI platform according to vision of the founders of ICONOMI.
The TEAM:
Tim M. Zagar: He is a Co-founder of Cashila, and has been working full time with Block Chain for quite a long time. He has experience in working and setting up teams regarding application management. He is in charge of Operation and Business of ICONOMI.
https://twitter.com/wwwMZ
Jani Valjavec: He is the other founder of Cashila and has being fascinated by Bitcoin and Ethereum ever since he heard of it. He will be handling the Technology and Trading of ICONOMI.
https://twitter.com/valjavec
Ales Lekse: Handles the Lead Development and he has being writing softwares ever since a small age and loves doing what he does!
https://www.linkedin.com/in/aleslekse
Primoz Kordez: Has experience working as a Fund Manager as well as a Risk Manager. He will be handling the Fund Infrastructure of ICONOMI.
https://www.linkedin.com/in/primoz-kordez-frm-9878b463
Ervin U. Kovac : is the Legal Lead for ICONOMI, he experience working with the legal section of Cashila and his love for Cars will help ICONOMI ;)
https://www.linkedin.com/in/ervinu
Domen Skalar: INFRASTRUCTURE LEAD for ICONOMI. You should read about him from the link given below
https://www.linkedin.com/in/shuttle
Jaka Mele: is in charge of CORPORATE COMMUNICATIONS. He was a journalist and editor for a computer magazine and has experience of working in corporate communications department at global technology corporation.
https://twitter.com/jakamele
Sladana Cevriz: working as the MARKETING LEAD for ICONOMI, she has a decade of experience in Marketing Research and will be working to cater to the needs to the investors by helping ICONOMI design innovative financial products.
https://si.linkedin.com/in/sladanac
Tjasa Tolj: She is a MARKETING ASSISTANT and is a multi-talented person whose interest runs from linguistics and copywriting to international and public relations.
https://www.facebook.com/tjasa.tolj
Jan Mohoric: will be a part of the MOBILE DEVELOPMENT of ICONOMI. He is an active and curious developer who started his career as an iOS developer. He has worked with various successful projects in the past.
https://www.linkedin.com/in/jan-mohoric
Conclusion:
It goes without saying that ICONOMI is a very ambitious project backed by a visionary team. Five years from now, we can expect the world to say that what Bitcoin did to Money is what exactly ICONOMI has done to the world of Fund Management. ICONOMI is here to disrupt and revolutionize the multibillion dollar Fund Management Industry. The project has what it takes to make a breakthrough from the traditional Fund Management and its calling all the investors who dares to be part of this amazing ride. Join the ICONOMI by heading to the ICO site:
Less than 12 hours remain at the time of writing this article. Hurry or risk yourself of being left behind!
More Information:
https://www.iconomi.net/ICONOMI_Whitepaper.pdf
https://www.iconomi.net/CoinFundsWhitepaper.pdf
https://ico.iconomi.net/press
https://medium.com/iconominet
https://ico.iconomi.net/contact-us
https://ico.iconomi.net/faq
https://www.twitter.com/iconominet
https://www.fb.com/iconominet
Iconomi is such an exciting project right now.
Just bought my first coins today and they're going to the moon !
Good Post. Wanted to read more about Iconomi! Thanks!
Wow, just started to read about ICONOMI and i am amazed, that the whole group behind this is Slovenian.
Bravo naši! :)
Great article. Would love if you wrote another post on where it is now and how the index fund is performing. Thanks!
the best international investment place to grow money.