ICONOMI makes it possible for anyone to create
and invest into bespoke cryptocurrency funds.
Each fund (known as a Digital Asset Array or DAA) listed on the ICONOMI platform contributes a management fee that is used to buyback and burn ICN tokens.
There are currently 18 DAA's available and according to the November monthly report there are 38,265 users and almost $150M assets under managemet (AUM).
5 things to look forward to from ICONOMI in 2018
Ability to tokenize your own DAA once you hit $1M AUM.
Greychain Emerging Markets was the first DAA to offer an ERC-20 for their fund. Tokenization will allow individual managers the ability to promote their array more effectively, as well as allowing individual investors custody of their tokens.
Integration of FIAT on ramp
In the 2018 Roadmap ICONOMI announced the plans to not only allow FIAT purchasing of DAA's but also direct purchasing of individual digital assets. ICONOMI have experience here; their previous company Cashila was the first licensed Bitcoin payments service in Europe.
ICN will be able to be used to pay DAA fees
Paying fees with ICN tokens directly will mean more tokens burned each quarter (currently 0.2% of total supply destroyed). BLX management fees (3%), BLX exit fees (0.5%), user created DAA fees (30% of 1-10%), and 20% of Pinta realised gains are all used to buyback and burn.
Arrays on traditional regulated stock exchanges
Columbus Capital have plans to build a new array to be traded on the Irish Stock Exchange. The ISE is one of the largest fund jurisdictions in Europe and this regulated fund will be perfect for investors who want exposure to blockchain but remain wary of the space.
First Blockchain Project to undergo Big 4 Audit
An audit by one of the big 4 accounting firms has been mentioned in the December AMA and again in the 2018 roadmap. This will be crucial to attract institutional investors and will add even more credibility to the project.
These are my own thoughts on ICONOMI. This post is not intended to be investment advice.