William Mougayar, the author of “The Business Blockchain,” is launching a crypto fund on the Iconomi (ICN) platform.
I got the announcement just a couple days ago from Iconomi. It’s called the William Mougayar High Growth Cryptoassets Index (WMX).
Mougayar does know the industry inside and out and gets to talk to all the players. So that would be the advantage in investing in his fund. The active management will cost you though, the fee is 5%.
The fund is going to invest in 15 cryptoassets and there’s some word out already on allocations.
Ethereum (ETH) – 20% ($307.90)
Vitalik wrote the forward to William’s book.
Bitcoin (BTC) – 10% ($4,358.33)
Seems like a low allocation to me.
Steem (STEEM) – 10% ($1.20)
Can’t argue with this choice.
Nexium (NXC) – 10% ($0.28)
A gaming coin as far as I can tell, but don’t know much about it.
Cofound.it (CFI) – 10% ($0.12)
A blockchain project funding platform.
Melon (MLN) – 4% ($67.65)
A digital asset fund platform. I wonder if Mougayar plans to own Iconomi (ICN) too.
Augur (REP) – 4% (20.02)
I like Augur. I wrote about it recently here.
Basic Attention Token (BAT) – 4% ($0.21)
BAT CEO Brendan Eich recently gave a talk at Facebook headquarters, check it out here.
So far it looks like a pretty good fund, although I would make my BTC weighting higher. The positions mentioned make up 72% of the fund.
I’ll be checking more of the funds coming out on Iconomi.
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