ICONOMI, the first ever blockchain based platform for creating index funds is currently running an ICO, offering investors a stake in ownership of the platform. ICONOMI aims to become listed through traditional channels with full regulatory compliance so that anyone, regardless of their level of exposure to blockchain technology, can create or invest in a fund on the platform.
Current ICO Statistics
There will be two types of funds: Coin Traded Funds, which will be relatively lower risk and include major cryptocurrencies such as Bitcoin, Ethereum, and Steem, and Coin Managed funds, which will be higher risk but managed by a team of experts. Each fund will issue its own tokens - CTF tokens will be offered on exchanges while CMF tokens will be tradable only within ICONOMI. At its launch, ICONOMI will introduce two investment funds, the ICONOMI.INDEX CTF fund and the ICONOMI.PERFORMANCE CMF fund, though after launch people can create additional funds. Fund asset appreciation will have fees applied, and these fees will then be used to pay for operating costs, salaries, bonuses, and to pay out dividends to ICN token holders.
ICONOMI plans to launch its platform and ICONOMI.INDEX and ICONOMI.PERFORMANCE funds in Q4 of this year and make its Open Fund Management platform, where traders can create their own investment funds available in 2017.
ICONOMI Roadmap
85% of ICN will be distributed to the crowdfund participants while 15% will be reserved for the original development team, advisors, and bounties. You can invest in the ICO or learn more about ICONOMI through their blog.