Iconomi, a European Ether exchange run by Cashila team is currently hosting an Initial Coin Offering (ICO) in order to fund their decentralized open fund management (OFM) platform that aims to make cryptocurrency investment easy and accessible to all. During this ICO investors are allowed to trade in their BTC, ETH, LSK, any other cryptocurrency accepted by Shapeshift (which has been integrated into the ICO platform) and even fiat currencies (EUR and USD through their exchange) for ICN tokens. These tokens represent a share in the Iconomi OFM platform and it will pay dividends gathered from the revenue generated by user fees on the platform.
85 million ICN tokens out of the 100 million total supply will be sold to investors, while the remaining 15% will be kept by the original development team and be used for bounty campaigns and strategic partnerships. A 15% Bonus is reserved for early ICO investors that decide to buy ICN tokens during the first week of the crowd sale.
The Iconomi OFM platform itself will be built as a smart contract system on the Ethereum Virtual Machine and it will allow users to invest in two types of funds with different risk/profit levels: Coin Traded Funds (CTF) and Coin Managed Funds (CMF).
Coin Traded Funds will be managed automatically and according to market scenarios and developments via analytical services that will build a detailed market forecast and manage the funds accordingly. The CTFs are considered to be the less risky option since they are managed based on a set of predetermined rules and limits.
Coin Managed Funds will be manually managed by a team of experienced professionals in the fields of financial analysis, mathematics, and cryptocurrency. Since these funds rely on the expertise of the Iconomi partners they can be considered as the riskier option, which can also mean higher profits.
While the Iconomi platform does not seem to employ any kind of "new" exciting technology, it's an interesting platform with much to offer for new investors that want to get involved with cryptocurrencies and may not have the time to do all the research that is required to set the good from the bad (and there is a lot of "bad" in crypto). ICN tokens themselves can also be seen as a decent investment that may become a source of passive income, depending on the platform's adoption.
If you want to invest in Iconomi, you might want to do it fast as there are only 16 hours left until the 15% bonus ends!
Authored by:
Antonio Madeira (
Edited by:
Ricardo Ferreira (
Links:
https://bitcointalk.org/index.php?topic=1587736.0
https://www.cashila.com/