ICONOMI Financial Report — Q2 2018

"Q2 was one of our most productive quarters so far. We achieved three major milestones: by implementing the first stage of the fiat gateway, we opened the doors to new users, especially those with less experience with digital assets; with the addition of the first stablecoin, we created an option for DAA managers to hedge during bear markets; and with the proof of solvency, we demonstrated our dedication to transparency and set a new standard for the blockchain industry.

We had the chance to interact directly with ICONOMI enthusiasts and ICN holders at events around the world, both events we hosted and events we attended. We found that attendees were especially impressed by two things: 1. The fact that we have already launched a functioning platform, in contrast to many projects in the blockchain space; and 2. Our open and transparent style of communication. We will be attending several events in Q3, including Delta Summit, Malta’s leading blockchain and digital innovation conference, where co-founders Tim Zagar and Jani Valjavec will be speaking.

The market correction that lasted throughout Q2 impacted every aspect of the crypto-economy, resulting in less overall activity and interest. While this was not surprising, it was an interesting trend to observe.

Despite the market correction, Q2 showed some positive numbers. We received a large number of DAA manager requests and accepted several applications, increasing our DAA manager base by 27%. We also added 2,662 new users, for a total of 60,637. Our book value in Q2 was $148,840,329.

While Q2 was a very busy quarter, Q3 will be even busier: the bulk of the goals outlined in our roadmap will be achieved this quarter.

Innovation is at the heart of what we do. As we enhance our platform, we will continue to evaluate all new features with strict performance and scalability expectations."

And what is the result? New all time low as ฿0.000066 per ICN. Holy cow.

link to the Full report : https://medium.com/iconominet/iconomi-financial-report-q2-2018-c6a2322794e1?spush=am9lLm1lc3phcm9zQHlhaG9vLmNvbQ%3D%3D