ICONOMI

 
The ICONOMI Digital Asset Management Platform makes participating in the crypto-economy easy. Instead of designing a portfolio and buying into individual coins, users are able to choose between a wide variety of Digital Asset Arrays—tailored selections of digital assets—managed by experienced professionals. This removes the need to design and rebalance a portfolio, to store digital assets securely, and to use cryptocurrency exchanges to buy and sell coins.

They kicked off their ICO at 25 August 2016 and ended their ICO on 29 September 2016, with a total raised amount of $10,682,516.42

The company is founded by Tim M. Zagar and Jani Valjavec, before ICONOMI they founded Cashila, the first licensed bitcoin company in the world. In December 2017 ICONOMI had 36 employees, but they are continuously on-boarding new ones. They have their headquarters in Ljubljana, Slovenia but are registered in Malta for regulation purposes.

ICN token

 
After the ICO, 100 million ICN were issued. 85 million went to the ICO participants and 2 million were used for early-stage marketing and bounties. Of the remaining 13 million ICN, 2 million tokens were distributed to advisors, 8 million went to the ICONOMI team and 3 million were reserved for future team members. The 8 million tokens distributed to the team are vested over 2 years, ¼ of all tokens are distributed every 6 months. That means coming October the teams ICN is fully vested.

ICN represents ownership of ICONOMI, 100% ICN represents 100% ownership of the platform.

As a result of that ownership, ICN will enable you to participate in ICONOMI service operator voting. The service operator is the actual team running ICONOMI operations. The first vote will be when the teams ICN is fully vested in the beginning of october. More details will come in Q3 2018.

ICN is an ERC20 token and it’s deflationary following the repayment Program.

There are several ways in which ICN will be bought back and burned:
• DAAs collect fees, 30% of those fees go towards buybacks.
• BLX, ICONOMIs first fund has a 3% management fee, all of those fees go towards buybacks.
• 0,5% exit fee.
• CCP, 20% of profits after a sale go towards buybacks.
• Planned for 2018 is the introduction of fees payable in ICN

The bought back ICN gets sent to a burn-address just before the quarterly reports. The address is tied to a smart contract without a withdraw option.

More on BLX and CCP later.

Digital Asset Arrays

 
DAAs are portfolios of digital assets. Every DAA has a manager with their own vision. DAAs can be diversified to maximise value stability and others can aggressively pursue maximum gains. DAA managers can rebalance their DAA to respond to market developments.

There are several benefits to investing in DAAs:
• Diversify! No single point of failure.
• Lower the risk of depreciation
• Let the DAA manager do the research for you.
• No trading fees.

At the time of writing there are 19 DAAs you can invest in. Once you have an ICONOMI account, investing in a DAA is a simple 2-step process. Deposit Bitcoin or Ether to your account, and buy into the DAA. Once a DAA reaches $1 million or more assets under management it becomes eligible for tokenization. Right now there are three DAAs who have their own ERC20 token(BLX,GEM,CCC). This is the way to go for US investors, since they don’t have access to the platform yet.

Investing in DAAs does have a cost, the DAA manager can set a fee anywhere between 1-10% per annum. At the moment the highest fee of a DAA is 6% and the lowest is 1%. The fees are deducted from the underlying assets every 6 hours. In addition there is an exit fee of 0,5% when you sell the DAA on the platform or when you withdraw the token from the platform.

ICONOMI has different tiers and verification levels that limit your deposits and withdrawals.

When you buy into a DAA, ICONOMI buys the underlying assets from a couple of exchanges. They also have a robust system of hot and cold wallets to handle every aspect of the safekeeping of users assets, so the users don’t have to worry about that. They have an audit planned in 2018 by one of the big 4.

As a DAA manager you receive 70% of the management fees you set, 30% goes towards ICONOMI buybacks. You’ll receive the fees in the form of your own DAA’s token.
If you’d like to apply to become a DAA manager you can do so, as of this moment it requires a seed amount of $100k, eventually the threshold will be lowered.

BLX

 
BLX was the first DAA on ICONOMI and has been open for the first testers since 21 December 2016. Since then it has showed returns of 6387%. Initially managed by ICONOMI itself, BLX was handed over to London based Columbus Capital Ltd. on 11 August 2017.

Columbus Capital is working on getting an adapted for volume BLX listed on the Irish Stock Exchange(ISE) so it becomes available to accredited investors. It will be known as Blockchain.ONE.

BLX has a management fee of 3%. Unique in the fees is that all 3% goes towards the repayment programme.

CCP/Pinta

 
CCP or Pinta was also handed over to Columbus Capital. It is an actively managed, closed-end fund that invests in ICOs. It’s been created with $4.5 million of ICO seed money. Right now CCP is worth over $200 million.

When an asset from CCP gets sold, 20% of it is allocated towards buybacks and 80% will be reinvested.

To see what ICONOMI has planned for 2018: ICONOMI in 2018

 

Community resources:
Icnhodler.com – Hub of ICONOMI activity and values.
Iconomiexplorer.com – Overview of DAAs and what digital assets are added to DAAs.
ICONOMI, updates and resources – Everything you’ve read here, updates and resources.