Iconomi's BLX DAA token
I recently registered on Iconomi.net platform and bought some BLX. I have a feeling that it could be a great deal.
Quote from: https://iconomi.zendesk.com/hc/en-us/articles/115002841829-BLX-DAA-formerly-ICNX-DAA-
''How does it work?
BLX measures the performance of the digital assets included in its array. The included digital assets and their weights are rebalanced (updated) monthly but may be rebalanced more frequently due to the fast-changing environment of the digital assets market.
It can be challenging to acquire, rebalance, and secure a diversified portfolio of digital assets. BLX makes it easy to simultaneously acquire many digital assets at once with the click of the mouse.
When you buy into BLX, your investment gets diversified across the entire range of assets BLX is exposed to.
For example, if the BLX array structure contains (index weights) 15% Bitcoin (BTC), 14.76% Ether (ETH), 12.89% Dash (DASH), 9.06% Monero (XMR), etc., and you purchase 100 units of ICNX, 15 units go toward BTC, 14.76 to ETH, 12.89 to DASH, 9.06 to XMR, etc.''
To enter the game you either need to deposit ETH or BTC to their platform, then you can buy BLX.
Entry fee is 0%, exit fee is 0.5% and you are also charged a yearly fee of 3% management fee, which is subtracted every 6 hours.
The current 6month return would be almost 900% which looks great but taking huge market growth into the equation, it might not be so good in the future, but I belive that at least something like 20%/year will be a constant gaint with this platform and that is a lot for a long term investment. Since the capital is divided among many different cryptocurrencyes the risk is lower and that is why I believe in them.
For the end I will paste their etherium address people are investing and I hope it is going to be like that for a while: https://etherscan.io/address/0x687aeda127fd2bd4f374c73e3724bf9b7c7a6b9c
Comment down below with your questions and opinions on BLX and Iconomi.net platform in general. I believe it has future and will therefore invest something in it, what about you?
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Hi! Any idea why there is such a big difference in the BLX price which is shown on ICONOMI and the one on coinmarketcap? (e.g.: on ICONOMI BLX is $1.8365 while on coinmarketcap it's $2.65 ) It's the same thing, right? Or am I missing something here? :P
You probably mixed ICN and BLX
check those links:
https://coinmarketcap.com/assets/blockchain-index/
https://coinmarketcap.com/assets/iconomi/
ICN is supposed to be Iconomi's shares, while BLX is just a compilation of different currencies and the price rises or drops depending how the currencies in the index are growing
Nice post! Although I would have a question concerning the drawback of a huge market growth you mentioned, what do you mean by that exactly ?
I meant that it might not be growing so much in the future than it has in the last couple of months. As you can see, today we lost some value, now that means, some time will be needed to grow the value back... hope you understand.