ICONOMI fund management platform raises $ 5 million with 10 days to go. The first crypto index fund pre-launches this week.
Completion of the next milestone accelerates ICONOMI’s plans, announcing the imminent availability of the ICONOMI.INDEX fund details.
Attending Devcon2, the ICONOMI founders are now actively seeking ICO opportunities for the ICONOMI.PERFORMANCE fund, scheduled to pre-launch soon after the ICO!
Shanghai, China — September 19 2016
The ICONOMI fund management platform for the decentralised economy, has realised another milestone. Just days away from the completion of the platform founding, ICONOMI is today announcing the acceleration of plans.
The world’s first index fund of digital currencies such as bitcoin and ether, the ICONOMI.INDEX fund, will be pre-announced at the close of Devcon2. Expect further communication later this week.
The ICONOMI.PERFORMANCE fund, also originally scheduled to launch in Q4/2016, will also be announced sooner than planned. ICONOMI’s flagship, high-profit fund will remain invite-only to the public beyond its shareholders. ICONOMI’s founders are attending Ethereum’s Devcon2 conference where new ICO opportunities are being actively identified.
“I am extremely pleased by the level of innovation and disruption present at and around the DevCon2 conference! We have already identified several interesting investment opportunities for our ICONOMI.PERFORMANCE fund — all that on the very first day”, said Tim Mitja Zagar, co-founder of ICONOMI.
Only 10 Days Remaining for Investments in Fintech Startup ICONOMI
The hottest Fintech startup ICONOMI announced its vision on August 25 2016 with the publication of two fundamental whitepapers and introduction of the team. A 4-week crowdfunding ICO (Initial Coin Offering) campaign was launched. The company outlined a minimum initial capital target of 2000 bitcoins (approx. 1.2 million USD).
Only 88 hours later, ICONOMI crowdfunding exceeded the minimum required capital, confirming the need for uberisation of investment fund management. With powerful signals that ICO will be a success, the ICONOMI team immediately intensified ongoing development with several additions to the development and legal teams, and responded with an investor update, describing the mechanics of ICO and ICONOMI’s business model (FAQ update #1).
Fuelled by global media coverage, only 48 hours later ICONOMI ICO reached $3 million. Emboldened by investor support, ICONOMI’s co-founder Tim Mitja Zagar unveiled even more ambitious goals, and set the investment cap at 21,000 BTC (~12 million USD). Investments beyond 10,000 BTC (~$5.5 million USD) are to go directly into ICONOMI’s flagship product — the actively managed ICONOMI.PERFORMANCE fund.
Priding itself on complete transparency, the ICONOMI team transcended the online-divide on September 7 with a roadshow at the Pirate Summit in Cologne, Germany. ICONOMI gained strong positive feedback from decentralised economy startup colleagues, and one day later ICO topped $4 million and more than 1500 investors.
The ICONOMI founders invite you to meet us at the 2nd Global Blockchain Summit, following Devcon2 from 22–24 September 2016 in Shanghai, China!