Iconomi - icointel analysis

Name: Iconomi

icointel analysis:
1. I can't see the code, and I'd love for the wide security community to evaluate after things like the DAO. There is always a risk with "smart" contracts.
2. I am unsure of how such huge gains will be made, I believe the performance fund may be the most interesting, yet I do my own investments in ICOs myself obviously, but the huge language is hard to reconcile with reality.

The statement of high profits not possible in the old economy is very confusing. There are many existing funds, that achieve high yields for investors in traditional markets like for instance, the stock market, or even in crypto with firms like DRW. This statement raises a red flag. Now the powerful aspect of this, is decentralized funds, where anyone can run a fund. The OFM or open fund management seems to allow many new people to enter the space, find the best funds and make profits. In the whitepaper there is the statement that "Coin Traded Fund (CTF) CTFs will be managed automatically based on predetermined rules and will be inherently transparent." I don't know how this is possible when using exchanges. In addition the pre-selection of funds with lower price volatility is contrary to the idea of higher gains, firstly because almost all coins in crypto suffer from high volatility, and second high volatility is one of the biggest reasons funds and traders make large gains in crypto. The ICONOMI.INDEX FUND claims it will reflect the development of a credible cryptocurrency market. I am not sure what the definition of credible is, maybe more stable, or profitable? I would reckon the non-credible parts of the crypto economy are central exchanges, which may manipulate or have potential security concerns. Once again I question, how will tokens be acquired without using such exchanges, this definition needs to be expanded. I can continue but there are a number of unanswered questions. I am attempting to schedule an interview with the team and will update as soon as possible when I have it. Currently I am skeptical mainly. That being said, there is an extensive, seemingly experienced and talented team behind this, that currently run https://www.cashila.com/ which is an API for integrating Bitcoin to Euro payments into any website. The product does look compelling so you're going off of a gut feel and team analysis, until there's more information. I am rushing this post because the 15% first bonus period is expiring in roughly 2 days

Description:
ICONOMI provides an opportunity for investors looking for high profits, not possible in the old economy. With newly developed financial instruments, ICONOMI will drive new investors and fresh capital into decentralised economy.

New Financial Instruments:
1.1 Open Fund Management (OFM) platform The essence and vision of the ICONOMI project is the ICONOMI Open Fund Management (OFM) platform for investing. OFM is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, getting a clear overview of available investment fund managers and their current & past performance. The ICONOMI Open Fund Management (OFM) platform will disrupt the asset management industry. ICONOMI OFM platform’s promise is short: “You manage the funds, we take care of everything else” • We bring the investors - at the time of OFM platform introduction, the ICONOMI platform will already have a large base of ICONOMI CTF and CMF investors. • The OFM platform systematically enables the sharing of management fees between fund managers and investors with Ethereum smart contract utilisation. • The OFM platform will feature numerous easy to use tools, such as the portfolio management tool, market data analysis tool, market forecast and history and much more.

1.2 Coin Traded Fund (CTF) CTFs will be managed automatically based on predetermined rules and will be inherently transparent. Their behaviour will respond to market developments, making the individual coin percentages in the funds dependent on preordained rules and changes on the market. Our analytical services will constantly monitor several market parameters, continuously analyse available market data, build detailed market forecasts and adapt investment funds as needed, within preset limits. Investors will benefit from lower risks, which are going to be mitigated with careful preselection of included tokens of value, and lower price volatility. Since CTFs will be continuously tradable, they will be attractive to investors who are looking to buy and sell 6 units of the fund (tokens) in a matter of seconds. Daily liquidity of CTFs on the market is going to be guaranteed by market makers, who, by exploiting arbitrage opportunities, will be pushing the prices of CTFs to their net asset value.

1.3 Coin Managed Fund (CMF) CMFs will be actively managed by a team of experts - financial analysts, mathematicians and cryptocurrency community professionals. Veterans of their respective fields, with decades of experience and successful projects behind them, they will help hone the ICONOMI spear for attack on the markets, making the ICONOMI CMF funds one of the most profitable financial instruments. With possibility of return on investment multiplication, CMF funds will represent our highest risk investment opportunities.

Funds:
2.1 ICONOMI.INDEX FUND The ICONOMI.INDEX FUND will reflect the development of a credible cryptocurrency market. As a CTF fund it will be transparently managed and traded on major exchanges. The ICONOMI.INDEX fund will include several thoroughly-researched cryptocurrencies, including Bitcoin, Ethereum, Lisk, Steem and other major value tokens. A carefully chosen package of undervalued assets, stripped of the risks associated with acquiring and storing the assets yourself, the ICONOMI index fund is perfect for instantly creating a well-balanced portfolio of cryptocurrencies, while still enjoying significantly higher profits than with any other existing financial instruments.

2.2 ICONOMI.PERFORMANCE FUND The ICONOMI.PERFORMANCE FUND will aim at high performance - multiplication of investment. As a CMF it will be actively managed by a team of ICONOMI experts. Our team will scout for propitious early investment ICO opportunities (crowdfunded startup projects and companies). Through our company-focused fund, everyone can become a venture capitalist, without any of the hassle and capital requirements. In order to ensure the best possible management and prevent the possibility of oversubscription, the ICONOMI.PERFORMANCE fund will be by invitation only. ICONOMI ICO participants will be invited to join the ICONOMI.PERFORMANCE fund!

Announcement Thread: https://bitcointalk.org/index.php?topic=1587736.0

ICO Terms: