Disclaimer: Author is a supporter and holds an amount of ICN tokens.
A few months ago when ICONOMI's ICO was running, I decided to donate a couple of Bitcoins in exchange for an amount of ICONOMI (ICN) tokens for the support. Here are some of the biggest reasons why I've decided to participate in this fund management platform:-
- Digital assets are on the rise in the new distributed economy.
- Anyone can create their own Digital Asset Arrays (DAA) and manage them while comparing performance with others.
- It is a reputation based platform where users can build a following.
- It has the potential to become a mainstream gateway for digital assets.
- It solves the problem of "Too many DAs and ICOs, but not enough time."
- It would perform on par with the S&P 500 index. Looks like both ICONOMI.index and ICONOMI.performance have been proving to surpass the Price-Earnings ratio of S&P 500 in its current state. But of course, it would depend on the sustainability of such cycles in cryptoeconomics. Nevertheless, it's a great start.
While I'm not an econs or financial expert myself, this platform is certainly going to save me from a lot of headache. Plus, digital asset pundits, supporters, and operators in the new distributed economy can soon put some teeth into their words by openly managing DAAs and measure their performances.
And in recent news, ICONOMI is sweetening the deal by going deflationary on its token. Ever since performing well on both their passive and active indexes, the team over in ICONOMI is planning to systematically buy up ICN tokens from realised earnings, and remove these tokens out of circulation. This should effectively improve the value of ICN over the long-term. I'm certainly happy about the news, being a token holder.
For more details on the repayment programme, check it out here: https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458
